Global Potentially Undervalued Small Caps

National Plastic Technologies

Market Cap: ₹1.2b

Manufactures and supplies injection moulded plastic products in India.

HOUSEI

Market Cap: JP¥2.5b

Engages in the information systems business in Japan and internationally.

Homeritz Corporation Berhad

Market Cap: RM 172.1m

An investment holding company, designs, manufactures, and sells upholstery furniture products in Malaysia.

Janco Holdings

Market Cap: HK$34.8m

An investment holding company, operates as a freight forwarder in Hong Kong.

Jarvis Securities

Market Cap: UK£4.0m

Through its subsidiary, Jarvis Investment Management Limited, provides stock broking services to retail and institutional clients in the United Kingdom.

Caleffi

Market Cap: €11.6m

Manufactures and sells household linen products under the Caleffi brand name in Italy and internationally.

Nordic LEVEL Group AB (publ.)

Market Cap: SEK 67.3m

Provides safety and security solutions primarily in Sweden.

Wittchen

Market Cap: zł236.5m

Manufactures and sells luxury accessories, clothing, footwear, and luggage for men and women in Poland and Europe.

SMT Scharf

Market Cap: €36.7m

Engages in the development, manufacture, and service of transportation equipment and logistics systems for underground mining and tunnel construction.

LiB Consultingltd

Market Cap: JP¥5.8b

Provides management consulting services in Japan and internationally.

Jaya Trishindo

Market Cap: Rp141.6b

Together with its subsidiary, PT Komala Indonesia, provides helicopter charter services in Indonesia.

Mentiga Corporation Berhad

Market Cap: RM 50.4m

An investment holding company, engages in the oil palm plantation business in Malaysia.

Zhenro Services Group

Market Cap: HK$98.6m

Provides property management, value-added, community value-added, and commercial operational management services for residential and non-residential properties in China.

Sitoy Group Holdings

Market Cap: HK$458.6m

Engages in the research, development, design, manufacture, sale, wholesale, and retail of handbags, small leather goods, travel goods, and footwear.

Sri KPR Industries

Market Cap: ₹419.0m

Generates and sells wind electric power in India.

Cherng Tay Technology

Market Cap: NT$851.3m

Manufactures and sells adhesives in Taiwan and internationally.

Kretto Syscon

Market Cap: ₹399.6m

Engages in the software development and real estate projects in India.

Expert Systems Holdings

Market Cap: HK$92.4m

An investment holding company, provides information technology (IT) infrastructure solutions, IT infrastructure management services, and develops artificial intelligence (AI) products and services.

Atec

Market Cap: ₩62.3b

Manufactures and sells display products primarily in South Korea.

Vietnam Germany Steel Pipe

Market Cap: ₫1.3t

Manufactures and supplies steel pipes in Vietnam.

Shiva Mills

Market Cap: ₹540.9m

Engages in the manufacturing and marketing of cotton yarns in India.

Beam Communications Holdings

Market Cap: AU$4.6m

Develops and markets a range of satellite-based communication products and services in Australia, the United States, the United Arab Emirates, the United Kingdom, China, Canada, Japan, and internationally.

Massmedica

Market Cap: zł10.0m

Engages in the distribution of implants and other medical materials used in the treatment of musculoskeletal system diseases, aesthetic and regenerative medicines in Poland.

Havila Shipping

Market Cap: NOK 323.3m

Engages in the shipping business.

InterCure

Market Cap: ₪140.9m

Engages in the production, manufacturing, and distribution of pharmaceutical-grade cannabis and cannabis-based products for medical use in Israel and internationally.

Medical Imaging

Market Cap: NT$1.7b

Offers imaging hospital equipment leasing and maintenance services in China.

Slone Infosystems

Market Cap: ₹634.1m

Engages in selling and renting IT equipment in India.

Aries Agro

Market Cap: ₹4.2b

Engages in the manufacture and supply of micronutrients and other nutritional products for plants and animals.

Oxford Industries

Market Cap: ₹100.7m

Supplies cotton, cotton blended, linen, linen blended, polyester cotton, and polyester viscose shirting fabrics to apparel manufacturers in India.

Cirtek Holdings

Market Cap: HK$161.3m

An investment holding company, manufactures and sells printing products in Mainland China, Hong Kong, Bangladesh, India, Vietnam, and internationally.

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.