Hong Kong Retail Potentially Undervalued Small Caps

E Lighting Group Holdings

Market Cap: HK$23.0m

Engages in the retail sale of lighting, designer label furniture, and household products in Hong Kong.

Mi Ming Mart Holdings

Market Cap: HK$115.4m

An investment holding company, engages in the retail of multi-brand beauty and health products in Hong Kong.

Mulsanne Group Holding

Market Cap: HK$228.0m

An investment holding company, engages in the designing, marketing, and sale of apparel products for men in Mainland China and Macau.

Henderson Investment

Market Cap: HK$463.2m

An investment holding company, engages in the operation of department stores and supermarkets in Hong Kong.

Grand Baoxin Auto Group

Market Cap: HK$244.0m

An investment holding company, engages in the sale and service of motor vehicles primarily in Mainland China.

Sunlight (1977) Holdings

Market Cap: HK$62.4m

An investment holding company, supplies tissue, hygiene, and other related products for corporate customers in Singapore.

Celestial Asia Securities Holdings

Market Cap: HK$75.0m

An investment holding company, engages in the retail management business in Hong Kong and the People’s Republic of China.

Sau San Tong Holdings

Market Cap: HK$56.8m

An investment holding company, distributes and sells cosmetic and skin care products in Hong Kong and the People’s Republic of China.

MBV International

Market Cap: HK$163.3m

An investment holding company, engages in the sourcing, wholesaling, supplying, and marketing of imprintable apparel and gift products in Malaysia and Singapore.

Stelux Holdings International

Market Cap: HK$69.5m

An investment holding company, engages in the trading, wholesale and retail of watches in Hong Kong, Macau, Mainland China, the rest of Asia, and Europe.

Parkson Retail Group

Market Cap: HK$442.6m

An investment holding company, operates as a lifestyle retail operator in the People’s Republic of China.

Forward Fashion (International) Holdings

Market Cap: HK$356.0m

Engages in the retail of fashion apparel in Macau, Mainland China, Hong Kong, and internationally.

Ausupreme International Holdings

Market Cap: HK$308.6m

An investment holding company, engages in the retail and wholesale of health and personal care products in Hong Kong, Mainland China, Macau, and Singapore.

Asia Commercial Holdings

Market Cap: HK$190.5m

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.