Global Potentially Undervalued Small Caps

Total Soft Bank

Market Cap: ₩55.1b

Operates as maritime logistics solutions company in South Korea.

ISP Global

Market Cap: HK$52.3m

An investment holding company, operates as a sound and communication services solution provider in Singapore, the People’s Republic of China, and Malaysia.

EDA Group Holdings

Market Cap: HK$325.8m

Provides artificial intelligence logistics technology service for e-commerce vendors in the People’s Republic of China, the United States, Canada, the United Kingdom, Germany, and Australia.

Baguio Green Group

Market Cap: HK$410.9m

An investment holding company, provides environmental and related services and goods in Hong Kong and Southeast Asia.

Asia Commercial Holdings

Market Cap: HK$179.3m

An investment holding company, engages in the trading and sale of watches in Hong Kong, the People’s Republic of China, the United Kingdom, and Switzerland.

Spectrum Talent Management

Market Cap: ₹1.4b

Provides manpower solutions in India and internationally.

Kx Hitech

Market Cap: ₩100.5b

Kx Hitech Co., Ltd. manufacture and sell semiconductor process materials.

Shiva Global Agro Industries

Market Cap: ₹406.2m

Engages in the manufacture and marketing of fertilizers, soil and crop health products, oils, and de-oiled cakes primarily in India.

Lushang Life Services

Market Cap: HK$344.0m

Provides property management services in the People’s Republic of China.

DRGEM

Market Cap: ₩55.8b

Manufactures and sells diagnostic radiography systems.

Orient Ceratech

Market Cap: ₹4.5b

Engages in the producing and trading of aluminum refractories and monolithic products in India.

Panorama Sentrawisata

Market Cap: Rp607.7b

Engages in the tourism business in Indonesia and internationally.

Viettronics Tan Binh

Market Cap: ₫150.2b

Produces and sells consumer electronic products in Vietnam.

Luxury Real Estate Investment Fund

Market Cap: ฿1.8b

A real estate investment fund.

Barak Valley Cements

Market Cap: ₹886.6m

Manufactures and sells various grades of cement in India.

Pioneerindo Gourmet International

Market Cap: Rp198.7b

Operates a chain of restaurants in Indonesia.

D. I. System

Market Cap: JP¥2.6b

Engages in the system integration, and educational services and security solutions businesses in Japan.

AmifaLtd

Market Cap: JP¥2.7b

Manufactures and distributes lifestyle products in Japan.

Reskill

Market Cap: JP¥3.4b

Engages in the corporate employee training business in Japan.

Hilong Holding

Market Cap: HK$356.3m

An investment holding company, operates as an oil field equipment and services provider in China, Hong Kong, Russia, Central Asia and Europe, the Middle East, North and South America, South Asia, Southeast Asia, Africa, the Oceania, and internationally.

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.

J&B International

Market Cap: NT$1.7b

Through its subsidiaries, engages in the research and development, production, and sale of functional fabrics in Taiwan, China, and internationally.

IFIS Japan

Market Cap: JP¥6.0b

Researches and estimates data in Japan.

Hosen Group

Market Cap: S$21.1m

An investment holding company, engages in the development, trading, and distribution of canned seafood products, canned fruits and vegetables, canned meat products, and chocolate products in Singapore, Malaysia, China, and internationally.

Minh Hung Quang Tri

Market Cap: ₫123.8b

Produces, trades in, wholesales, and retails cement in Vietnam.

NAPS Global India

Market Cap: ₹177.4m

Engages in the import and sale of various types of fabrics and garments products in India.

OCB Berhad

Market Cap: RM 87.9m

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

New Plus Knitting

Market Cap: ฿129.0m

Engages in the manufacture and distribution of women's stockings, socks, women's underwear, and other products related to such products in Thailand and internationally.

Aspen (Group) Holdings

Market Cap: S$32.5m

An investment holding company, engages in property development activities in Malaysia.

Solve Plastic Products

Market Cap: ₹73.8m

Solve Plastic Products Limited manufacturing of unplasticized polyvinyl chloride (uPVC) pipes and rigid PVC electrical conduits in India.

Thonburi Medical Centre

Market Cap: ฿1.6b

Operates a hospital in Thailand.

Unilex Colours and Chemicals

Market Cap: ₹381.3m

Manufactures and sells pigment, dyes, and food colors in India.

Union Pioneer

Market Cap: ฿164.3m

Manufactures and distributes finished elastic products in Thailand, the United States, and internationally.

Cuchi Commercial and Industrial Developing Investment

Market Cap: ₫333.3b

Trades in raw materials and fuels in Vietnam.

Wong Fong Industries

Market Cap: S$48.2m

An investment holding company, provides land transport engineering solutions and systems in Singapore and internationally.

Overseas Education

Market Cap: S$63.6m

An investment holding company, operates a foreign system school in Singapore.