Global Potentially Undervalued Small Caps

Shun Ho Property Investments

Market Cap: HK$363.2m

An investment holding company, engages in hotel businesses in Hong Kong, the People’s Republic of China, and the United Kingdom.

KINGZA InternationalLtd

Market Cap: NT$1.0b

Engages in the catering business in Taiwan and internationally.

Rumble Resources

Market Cap: AU$58.4m

Engages in the acquisition, exploration, and evaluation of base and precious metal projects in Australia.

Casing Macron Technology

Market Cap: NT$1.1b

Designs, manufactures, markets, and sells computing products in Europe, Asia, and America.

NTAW Holdings

Market Cap: AU$36.9m

NTAW Holdings Limited, together with its subsidiaries, markets and distributes motor vehicle tires, wheels, tubes, and related products in Australia, New Zealand, and South Africa.

EZZ Life Science Holdings

Market Cap: AU$25.9m

Engages in formulation, production, marketing, and sale of the health and wellbeing products in Australia, New Zealand, Mainland China, and South-East Asia.

Intimex - Hoa Cam Concrete

Market Cap: ₫169.5b

Engages in the manufacture and sales of concrete in Vietnam.

Nanjing Sinolife United

Market Cap: HK$179.8m

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.

Hung Fook Tong Group Holdings

Market Cap: HK$236.1m

An investment holding company, engages in the retail, wholesale, and distribution of bottled drinks and other herbal products, soups, and snacks in the People’s Republic of China, Hong Kong, and internationally.

Sinomax Group

Market Cap: HK$262.5m

An investment holding company, develops, manufactures, and sells health and wellness products.

Mandarin Hotel

Market Cap: ฿618.8m

Engages in the hotel and resort business primarily in Thailand.

Tose

Market Cap: JP¥4.8b

Plans, develops, and operates home video game software, and mobile content in Japan.

DaiwaLtd

Market Cap: JP¥1.5b

Operates departmental stores in Japan.

Techno Mathematical

Market Cap: JP¥726.0m

Develops software and hardware IPs in Japan.

Sangsin Brake

Market Cap: ₩44.3b

Manufactures and sells brake friction materials in South Korea, China, India, the United States, Mexico, and Brazil.

Kaji Technology

Market Cap: JP¥6.3b

Manufactures and sells high-pressure air and gas piston compressors for various applications worldwide.

Sanyu

Market Cap: JP¥4.2b

Produces and sells steel products in Japan.

Shougang Generación EléctricaA

Market Cap: S/29.2m

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

KineMaster

Market Cap: ₩23.2b

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

HiTech Group Australia

Market Cap: AU$39.8m

Provides recruitment services for permanent and contract staff to the information and communications technology (ICT) industry in public and private sectors in Australia.

Systems Design

Market Cap: JP¥4.4b

Operates as an information service company.

Harima B.Stem

Market Cap: JP¥8.3b

Provides building maintenance and management services in Japan.

DataDot Technology

Market Cap: AU$4.3m

Engages in the manufacture and distribution of asset identification, management, protection, and authentication solutions in Australia, Europe, Asia, and internationally.

J.E.T

Market Cap: JP¥9.0b

Engages in the design, development, manufacture, sale, and after-sales maintenance service of semiconductor cleaning equipment in Japan, South Korea, China, Taiwan, and internationally.

HYOJITO

Market Cap: JP¥7.8b

Provides advertising and promotional services in Japan.

Korean Drug

Market Cap: ₩36.6b

Manufactures and sells medicines for treating various diseases in South Korea.

I.A Group

Market Cap: JP¥6.8b

Engages in the car parts business in Japan.

Arigatou Services Company

Market Cap: JP¥3.2b

Manages reuse stores and fast food restaurants.

SEOHAN Const. & Eng.co.Ltd

Market Cap: ₩83.3b

Engages in housing construction, civil engineering, architectural work, and real estate leasing in South Korea.

Est Global ApparelLtd

Market Cap: NT$505.7m

Engages in the clothing business in Europe, the United State, South Africa, and Eswatini.

Kalina Power

Market Cap: AU$41.1m

Engages in the power business in Australia, Canada, and the United States.

Byucksan

Market Cap: ₩83.6b

Engages in the manufacture and sale of building materials in South Korea.

Mynet

Market Cap: JP¥2.0b

Operates in the gaming business and other industries in Japan.

ktcs

Market Cap: ₩89.3b

Operates as a customer service platform company in South Korea and internationally.

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.