Global Potentially Undervalued Small Caps

Kahan Packaging

Market Cap: ₹108.8m

Engages in the manufacture and supply of polymer based woven products to business-to-business manufacturers in India.

KYOTO KIMONO YUZEN HOLDINGS

Market Cap: JP¥1.9b

Engages in the sale of kimono and related jewelry products in Japan.

KineMaster

Market Cap: ₩23.3b

Engages in the development of multimedia software for mobile devices in South Korea.

Solution Dynamics

Market Cap: NZ$8.4m

Provides customer communication solutions in New Zealand, Australia, the United States, and Europe.

Foley Wines

Market Cap: NZ$30.9m

An integrated wine company, produces, markets, and sells wines in New Zealand.

Chow Bright Ventures Holdings

Market Cap: ฿1.1b

Primarily engages in manufacturing, tolling, selling, and distributing steel billets in Thailand and internationally.

Pan Brothers

Market Cap: Rp623.0b

Engages in the manufacturing and sale of garments in the United States, Europe, Asia, and internationally.

Panorama Sentrawisata

Market Cap: Rp624.4b

Engages in the tourism business in Indonesia and internationally.

Menon Pistons

Market Cap: ₹2.9b

Manufactures and sells auto components in India.

Giken Holdings

Market Cap: JP¥3.7b

Engages in the construction business and related operations in Japan.

Hammock

Market Cap: JP¥5.5b

Develops and sales corporate software.

San-el Mühendislik Elektrik Taahhüt Sanayi ve Ticaret

Market Cap: ₺983.0m

San-el Mühendislik Elektrik Taahhüt Sanayi ve Ticaret A.S.

Laxapana

Market Cap: LK₨3.0b

Manufactures, imports, and trades in dry cell batteries, light-emitting diode (LED) and CFL bulbs, and industrial lighting products in Sri Lanka.

Beyaz Filo Oto Kiralama

Market Cap: ₺2.7b

Engages in the used car auctions, new vehicle fleet sales, retailing, and after-sales services in Turkey.

NCC Bluewater Products

Market Cap: ₹151.5m

Engages in the implementation of an integrated aqua culture project in India.

S P V I

Market Cap: ฿1.4b

Engages in the distribution of computers, mobile phones, and related accessories and services in Thailand.

Superlon Holdings Berhad

Market Cap: RM 102.8m

An investment holding company, designs, tests, manufactures, and sells thermal insulation materials in Africa, the United States, Europe, Asia, Malaysia, and Oceania.

Value CreationLtd

Market Cap: JP¥897.2m

Engages in the marketing DX business.

Luxury Real Estate Investment Fund

Market Cap: ฿1.8b

A real estate investment fund.

Par Drugs and Chemicals

Market Cap: ₹1.1b

Develops, manufactures, and sells active pharmaceutical ingredients (APIs) and fine chemicals in India.

M Food

Market Cap: zł26.4m

Provides honey and bee products in Poland 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.

Aiming

Market Cap: JP¥9.0b

Engages in the planning, production, development, and operation of online games for PCs, smartphones, and home game consoles in Japan 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.

Intimex - Hoa Cam Concrete

Market Cap: ₫172.1b

Engages in the manufacture and sales of concrete in Vietnam.

Life Foods

Market Cap: JP¥5.9b

Operates a chain of Japanese-style restaurants in Japan.

K&K Superstore Southern

Market Cap: ฿243.9m

Engages in the retail and wholesale business of consumer products in Thailand.

Champion Pacific Indonesia

Market Cap: Rp393.4b

Manufactures and sells flexible packaging products in Indonesia and internationally.

TBK

Market Cap: JP¥10.3b

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

OCB Berhad

Market Cap: RM 92.1m

An investment holding company, manufactures and trades in bedding products and consumer foods.

Xin Hwa Holdings Berhad

Market Cap: RM 34.5m

An investment holding company, engage in the provision of integrated logistics services in Malaysia, Singapore, and Indonesia.

Rig Tenders Indonesia

Market Cap: Rp414.2b

Provides marine logistics services for the oil and coal industry in Indonesia.

Euro-Tax.pl

Market Cap: zł15.3m

Provides tax refund services in Poland, Romania, and Bulgaria.

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.

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.