Global Potentially Undervalued Small Caps

9F

Market Cap: US$34.1m

Provides digital technology and wealth management services in the People’s Republic of China and Hong Kong.

MicroCloud Hologram

Market Cap: US$39.6m

Provides holographic technology services in the People’s Republic of China and internationally.

Mission Group

Market Cap: UK£15.9m

Operates as a collective of creative and martech agencies company in the United Kingdom, the United States, Asia, and rest of Europe.

River Tech

Market Cap: NOK 28.8m

A technology company, provides software solutions.

LFTD Partners

Market Cap: US$2.7m

Through its subsidiary, Lifted Made, develops, manufactures, and sells hemp-derived cannabinoid products, psychoactive and alternative lifestyle products, and related products of nicotine, tobacco, and marijuana in the United States and internationally.

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.

XTED - TRX Edificios Corporativos Fundo Invest Imobiliario FII Fund

Market Cap: R$42.6m

Specializes in real estate investments.

Revee

Market Cap: R$8.8m

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

Lifestore Financial Group

Market Cap: US$62.7m

LifeStore Financial Group, Inc. operates as a federally chartered thrift holding company for LifeStore Bank that provides banking, investment, and insurance services in North Carolina.

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.

Elauwit Connection

Market Cap: US$40.9m

Provides broadband internet networks for the multifamily and student housing property sector in the United States.

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.

Elinoil Hellenic Petroleum

Market Cap: €54.3m

Engages in trading of liquid and solid fuels, and lubricants.

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.

Beardsell

Market Cap: ₹1.1b

Manufactures and supplies expanded polystyrene (EPS) products and prefabricated buildings for various industrial applications in India and internationally.

OPNET Technologies

Market Cap: NT$1.3b

Designs, manufactures, and markets telecommunication network access and optical transport equipment in Taiwan, Turkey, and internationally.

Sanlam Allianz Holdings (Kenya)

Market Cap: KSh1.2b

A non-banking financial institution, engages in underwriting life and non-life insurance risks in Kenya.

Well Graded Engineering

Market Cap: ฿438.0m

Operates as a construction contractor in Thailand.