Global Potentially Undervalued Small Caps

Community Bancshares (McArthur OH)

Market Cap: US$52.3m

Community Bancshares, Inc. provides various financial services in Ohio.

Joules Group

Market Cap: UK£10.3m

Joules Group Plc, together with its subsidiaries, designs and sells lifestyle clothing, related accessories, and home ware products under the Joules brand in the United Kingdom and internationally.

Agro Finance REIT

Market Cap: лв121.1m

Agro Finance REIT invests in real estate properties, primarily agricultural lands in Bulgaria.

Hojyogumi.Co.Ltd

Market Cap: JP¥2.4b

Engages in the designing and construction of civil engineering and construction works in Japan.

SPV Global Trading

Market Cap: ₹28.3m

Together with its subsidiary, Rashtriya Metal Industries Limited, trades in non-ferrous metals and copper scrap in India.

Avance Gas Holding

Market Cap: US$7.7k

Engages in the transportation of liquefied petroleum gas (LPG) worldwide.

Display Art

Market Cap: €364.7k

Engages in exhibition stand construction and shop fitting activities in Cyprus and Greece.

Tai Shing Electronics Components

Market Cap: NT$1.3b

Researches, designs, manufactures, and sells solenoids, and solenoid valve and relay products in Asia, Europe, the Americas, and internationally.

Continental Seeds and Chemicals

Market Cap: ₹159.4m

Engages in developing, processing, grading, and supplying agricultural foundation and certified seeds in India.

Adeshwar Meditex

Market Cap: ₹231.6m

Manufactures and exports sterile surgical wound dressing products and medical disposables in India and internationally.

2invest

Market Cap: €47.2m

An investment company, acquires, holds, manages, and sells investments in corporations and partnerships primarily in the biotechnology, life science, IT sectors, and natural resources sectors in Germany and internationally.

Humanoid

Market Cap: US$4.9m

Through its subsidiaries, designs, develops, manufactures, and markets farming and sideline products; chemical materials and products; textiles; construction materials; and livestock and poultry products.

AMB Financial

Market Cap: US$30.6m

Operates as the bank holding company for American Community Bank of Indiana that provides financial services to customers in Indiana.

MPC Caribbean Clean Energy

Market Cap: JA$808.3m

Together with its subsidiary, focuses on investing in renewable energy projects in Jamaica, Trinidad and Tobago, and the Caribbean and Central American region.

Energía Latina

Market Cap: CL$43.8b

Engages in the generation and sale of electricity in Chile.

Revee

Market Cap: R$8.8m

Engages in the development and revitalization of entertainment venues in Brazil.

Bonal International

Market Cap: US$1.7m

Through its subsidiary, Bonal Technologies, Inc., provides sub-harmonic vibratory metal stress relief technology in the United States and internationally.

Express Catering

Market Cap: JA$2.9b

Engages in the operation of branded sports bars and restaurants at Sangster International Airport in Montego Bay.

Mandarin Hotel

Market Cap: ฿618.8m

Engages in the hotel and resort business primarily in Thailand.

Shougang Generación EléctricaA

Market Cap: S/29.2m

Engages in the generation, transmission, and distribution of electrical energy in Peru.

Quilicura

Market Cap: CL$21.6b

Manufactures, markets, and sells metal cylinders to store liquefied petroleum gas (LPG) in Chile.

Bolsa de Comercio de Santiago Bolsa de Valores

Market Cap: CL$17.7b

Operates as a securities exchange in Chile.

Fábrica Peruana Eternit

Market Cap: S/65.7m

Manufactures and markets products for the construction industry.

Prince of Wales Country ClubI

Market Cap: CL$3.1b

Operates sports and recreation club in Chile.

Vital Innovations Holdings

Market Cap: HK$229.5m

Designs, develops, manufactures, and sells smartphones in Hong Kong, the People’s Republic of China, and internationally.

Available Finance

Market Cap: ₹1.6b

A non-banking financial company, engages in the lending and investment activities in India.

Fujairah Cement Industries PJSC

Market Cap: د.إ152.3m

Together with its subsidiary, manufactures and sells clinkers and hydraulic cement, and ready mixed and dry mix concrete and mortars in the United Arab Emirates and internationally.

Nanjing Sinolife United

Market Cap: HK$167.5m

An investment holding company, engages in the manufacture and sale of nutritional supplements and health food products in the People’s Republic of China, Australia, New Zealand, Vietnam, and internationally.

Synapsoft

Market Cap: ₩46.8b

A software as a service company, develops, distributes, and sells digital document and document processing software in South Korea and internationally.

Mohite Industries

Market Cap: ₹456.3m

Engages in the textile and power generation businesses in India.

Progress Technologies Group

Market Cap: JP¥7.2b

Provides consulting, engineering, and digital integration services for manufacturing companies in Japan.

TBK

Market Cap: JP¥10.3b

Develops, produces, and sells brakes, oil pumps, and engine water pumps in Japan.

Kokusai

Market Cap: JP¥10.1b

Engages in the manufacture and sale of testers and measurement instruments for motors and rotating equipment, and automatic inspection equipment in Japan, the United States, South Korea, China, and internationally.

PPS International (Holdings)

Market Cap: HK$64.8m

An investment holding company, provides environmental and cleaning services in Hong Kong and the People’s Republic of China.

Cinevista

Market Cap: ₹867.3m

Produces and exhibits television programmes, ad commercials, and feature films in India and internationally.

B2B Software Technologies

Market Cap: ₹432.3m

Operates as a business solution implementation company in India.