Global Potentially Undervalued Small Caps

Sinco Pharmaceuticals Holdings

Market Cap: HK$357.8m

An investment holding company, provides marketing, promotion, and channel management services for imported pharmaceutical products and medical devices in China.

Kwong Fong Industries

Market Cap: NT$2.0b

Engages in the information software service and real estate businesses in Taiwan.

HansolHomeDeco.Co

Market Cap: ₩32.1b

Manufactures and distributes furniture components, interior materials, and other products in South Korea.

VisasQ

Market Cap: JP¥5.3b

Provides knowledge sharing platform/consulting services for business and organizational development in Japan.

KowaLtd

Market Cap: JP¥3.3b

Manufactures and sells nursing care products and welfare equipment under the Tacaof, AURULA, and GENTIL MARRONE brands in Japan.

Viet Thang

Market Cap: ₫333.9b

Produces and sells cotton, fiber, yarns, fabric, and garment products in Vietnam.

Power Engineering Consulting 4

Market Cap: ₫253.2b

Operates as a power engineering consulting company in Vietnam.

NGE Capital

Market Cap: AU$42.0m

Operates as an investment company in Australia.

MaxWin International Holdings

Market Cap: HK$38.1m

An investment holding company, engages in the manufacture and sale of injection molded plastic parts for disposable medical devices in Asia.

Phong Phu Pharmaceutical

Market Cap: ₫159.3b

Engages in the production, sale, and distribution of medicines primarily in Vietnam.

FAR

Market Cap: AU$26.3m

Operates as an oil and gas exploration and development company in Africa.

Lavastone

Market Cap: MU₨816.6m

Acquires, develops, leases, and manages a portfolio of commercial and industrial properties in Mauritius and Rodrigues Island.

SanseiLtd

Market Cap: JP¥3.2b

Designs, manufactures, installs, rents, maintains, repairs, and sells washing gondola for cleaning windows in mid and high-rise buildings in Japan.

Mercuries F&B

Market Cap: NT$2.1b

Operates restaurants in Taiwan and Japan.

Structural Monitoring Systems

Market Cap: AU$64.6m

Engages in the design, development, and manufacture of avionic products in the Americas, Europe, the United Kingdom, Asia, Middle East, Australasia, and Africa.

Hydro Power - Power No. 3

Market Cap: ₫424.2b

Hydro Power Joint Stock Company - Power No.

USAS Building System (Shanghai)

Market Cap: HK$488.2m

USAS Building System (Shanghai) Co., Ltd.

Printnet

Market Cap: JP¥3.6b

Engages in the online printing mail-order business in Japan.

Solborn

Market Cap: ₩76.4b

An investment holding company, engages in the manufacturing and sales of medical equipment in South Korea.

Tropical Canning (Thailand)

Market Cap: ฿1.9b

Manufactures and trades in canned and pouched seafood products in Thailand, the rest of the Asia continent, the America continent, the European continent, the Australia continent, and the Africa continent.

Delaplex

Market Cap: ₹956.6m

Engages in the provision of software development and supply chain consultancy services in India and internationally.

Ama Marine

Market Cap: ฿2.0b

Engages in the marine transportation business in Thailand, Southeast Asia regions, China, and India.

Kamdhenu Ventures

Market Cap: ₹1.7b

Manufactures and supplies paint products in India.

Nihon IskLtd

Market Cap: JP¥2.8b

Nihon Isk Co.,Ltd. manufacture and sale of commercial and home fireproof safes in Japan.

SM ENTERTAINMENT JAPANLtd

Market Cap: JP¥7.6b

Engages in the CS broadcasting, management, mobile, fan club, merchandising, events and concerts, music, and rights businesses in Japan.

JG Environmental TechnologyLtd

Market Cap: NT$1.1b

Designs, manufactures, and installs air pollution prevention systems and energy and resource recovery equipment.

Townnews-ShaLtd

Market Cap: JP¥3.6b

Engages in the publishing business in Japan.

Rossmax International

Market Cap: NT$1.1b

Develops and supplies healthcare products and solutions.

Ho Wah Genting Berhad

Market Cap: RM 27.1m

An investment holding company, manufactures and sells wires and cables, moulded power supply cord sets, and cable assemblies for electrical and electronic devices and equipment in Malaysia, rest of Asia, and the United States.

Three FLtd

Market Cap: JP¥4.3b

Manages and operates convenience, franchise, and managed stores in Japan.

Gagasan Nadi Cergas Berhad

Market Cap: RM 267.3m

An investment holding company, engages in the development of residential, commercial, and industrial property in Malaysia.

MS&Consulting

Market Cap: JP¥1.9b

Provides research and management consulting services in Japan.

Foods and Inns

Market Cap: ₹4.0b

Manufactures and sells various processed fruits and vegetables, pulps, purees, spices, spray-dried powders, and frozen food in India and internationally.

Nippon Seiro

Market Cap: JP¥4.4b

Manufactures and sells petroleum waxes, physically and chemically converted wax products, and fuel oil in Japan, rest of Asia, North America, and internationally.

Khind Holdings Berhad

Market Cap: RM 61.0m

An investment holding company, engages in the manufacture and sale of electrical home appliances and distribution of industrial electrical products in Malaysia, Singapore, the Middle East, and internationally.

Encorp Berhad

Market Cap: RM 38.0m

An investment holding company, provides general management support services in Malaysia.