Global Potentially Undervalued Small Caps

TAKAYOSHI Holdings

Market Cap: JP¥4.4b

Operates the share shop business in Japan, primarily through Wakuwaku Hiroba, a platform store offering local food direct from producers, located in shopping malls and roadside locations.

WaveFront Berhad

Market Cap: RM 138.3m

An investment holding company, provides electronics manufacturing services in Malaysia.

Pelayaran Nasional Bina Buana Raya

Market Cap: Rp847.9b

A shipping company, provides marine, logistics, and offshore support services in Indonesia.

Sumi Indo Kabel

Market Cap: Rp618.1b

Manufactures and sells cables and electrical equipment in Indonesia.

Chin Yang Industry

Market Cap: ₩68.0b

Engages the manufacture and sale of plastic foam molded products in South Korea.

Tokai LeaseLtd

Market Cap: JP¥7.5b

Manufactures, sells, and leases temporary buildings, modular houses, and related equipment in Japan.

Bercman Technologies

Market Cap: €1.8m

Engages in the development and sale of smart city and mobility-related technologies and products.

Marcventures Holdings

Market Cap: ₱1.9b

Engages in the extracting, mining, smelting, refining, and converting nickel, chromite, copper, gold, manganese, and natural metallic or non-metallic resources in the Philippines.

AS Amber Latvijas balzams

Market Cap: €14.4m

Produces and sells alcoholic beverages in Latvia and internationally.

Nile

Market Cap: ₹5.1b

Engages in the manufacture and sale of pure lead for battery consumption in India and internationally.

Kyungin Electronics

Market Cap: ₩34.4b

Manufactures and sells electronic components in South Korea.

TBI Corn

Market Cap: ₹1.3b

Operates in the corn milling industry in India.

Kelfred Holdings

Market Cap: HK$167.5m

An investment holding company, engages in the manufacture and sale of eyewear products in the People’s Republic of China, Italy, the United Kingdom, India, Spain, the Philippines, Hong Kong, France, Japan, Australia, the United States, and internationally.

Metalink

Market Cap: US$258.0k

Does not have significant operations.

Bunkyodo Group Holdings

Market Cap: JP¥2.0b

Operates various wholesale and retail stores in Japan.

BEW Engineering

Market Cap: ₹790.9m

Designs and manufactures filters and dryers for the chemicals industry in India.

FORCSLtd

Market Cap: ₩44.3b

Provides enterprise e-form and reporting solutions in South Korea and internationally.

Poled

Market Cap: ₩93.3b

Poled Co., Ltd. manufacturing and sales of infant products in South Korea.

Glostrext Berhad

Market Cap: RM 83.4m

An investment holding company, provides geotechnical instrumentation services in Singapore, Malaysia, and Cambodia.

Karyon Industries Berhad

Market Cap: RM 69.0m

An investment holding company, manufactures and trades polymeric products in Malaysia, rest of Asia, and internationally.

Widad Group Berhad

Market Cap: RM 31.2m

An investment holding company, engages in the construction and integrated facilities management activities in Malaysia.

Ching Lee Holdings

Market Cap: HK$58.8m

An investment holding company, engages in the provision of construction, consultancy, and project management services primarily in Hong Kong.

ktk

Market Cap: JP¥4.1b

Manufactures and sells reused products and consumables for office equipment in Japan.

Shinyei Kaisha

Market Cap: JP¥8.2b

Engages in manufacturing, trading, and distribution activities in Japan and internationally.

KUWAZAWA Holdings

Market Cap: JP¥9.4b

Provides construction materials and works in Japan.

CJ Century Logistics Holdings Berhad

Market Cap: RM 84.4m

An investment holding company, provides logistics solutions in Malaysia.

GTT Data Solutions

Market Cap: ₹1.7b

Engages in the provision of services to manufacturing, industrial products, and medical devices technology to develop and build products, processes, and infrastructure in India and internationally.

Shoei

Market Cap: JP¥5.3b

Engages in the sales promotion support and product sales businesses in Japan.

Samchuly Bicycle

Market Cap: ₩35.9b

Manufactures and sells bicycles.

Star Combo Pharma

Market Cap: AU$16.2m

Manufactures and distributes health food products and nutritional supplements in Australia and China.

Pranik Logistics

Market Cap: ₹523.0m

Provides end-to-end logistics solutions primarily in India.

Ginni Filaments

Market Cap: ₹3.7b

Engages in the manufacture and sale of textile products in India and internationally.

Siddhi Cotspin

Market Cap: ₹657.8m

Manufactures and sells cotton yarns in India.

Padam Cotton Yarns

Market Cap: ₹212.9m

Engages in lending and investment business in India.

Tittot

Market Cap: NT$1.0b

Engages in the design, production, manufacture, and sale of crystal glass, plaster, wax, and other art products in Taiwan and China.

Sun-Sea Construction

Market Cap: NT$567.0m

Engages in the construction business in Taiwan.