Indonesian Transportation Undervalued Tech

Densan System Holdings

Market Cap: JP¥34.8b

Provides information and collection agency services in Japan.

Ryoyu Systems

Market Cap: JP¥34.7b

Provides design, development, operation and maintenance of information and communication systems for various industries in Japan.

NC Chem

Market Cap: ₩302.3b

Produces and sells fine chemical materials for semiconductors in South Korea.

Universal Microelectronics

Market Cap: NT$6.9b

Manufactures and sells electronic components in Taiwan, rest of Asia, the United States, and internationally.

MCNEX

Market Cap: ₩291.6b

Manufactures and sells camera modules in South Korea and internationally.

Gofore Oyj

Market Cap: €183.5m

Provides digital transformation consultancy services for private and public sectors in Finland and internationally.

Giantplus Technology

Market Cap: NT$6.7b

Engages in the research, development, production, and sale of liquid crystal displays in Taiwan, China, Hong Kong, Macau, Europe, Japan, the United States, and internationally.

Vecima Networks

Market Cap: CA$293.0m

Engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics.

IMV

Market Cap: JP¥32.8b

Manufactures and sells vibration simulation systems and measuring systems in Japan, Asia, Europe, the United States of America, and internationally.

Riber

Market Cap: €179.5m

Provides molecular beam epitaxy (MBE) products and related services for the compound semiconductor in France.

China Electronics Huada Technology

Market Cap: HK$1.6b

An investment holding company, engages in the design and sale of integrated circuit chips in the People’s Republic of China.

Advanced Process Systems

Market Cap: ₩280.2b

Develops and sells semiconductors and display manufacturing equipment primarily in South Korea, China, and Vietnam.

Expensify

Market Cap: US$204.3m

Provides a cloud-based expense management software platform in the United States and internationally.

ULS Group

Market Cap: JP¥32.0b

Provides consulting and contract development services related to information systems in Japan.

GROUPE SFPI

Market Cap: €176.6m

Manufactures and distributes technical solutions in France, Europe, and internationally.

Praemium

Market Cap: AU$282.7m

Provides advisors and wealth management solutions in Australia.

Appen

Market Cap: AU$281.9m

Operates as an AI lifecycle company that provides data sourcing, data annotation, and model evaluation solutions in Australia, the United States, and internationally.

91APP

Market Cap: NT$6.4b

A Software-as-a-Service company, provides information system software and e-commerce value-added services in Taiwan, Hong Kong, Singapore, and Malaysia.

Gefran

Market Cap: €174.7m

Engages in the design, production, and sale of automation components and industrial sensors in Italy, Europe, North America, South America, Asia, and internationally.

dotdigital Group

Market Cap: UK£148.6m

Engages in the provision of intuitive software as a service (SaaS) and managed services to digital marketing professionals worldwide.

Apator

Market Cap: zł746.5m

Manufactures and sells measuring devices and systems in Poland and internationally.

Bitfire Group Holdings

Market Cap: HK$1.5b

An investment holding company, provides cryptocurrency trading and technology solution services in the People’s Republic of China.

Startia HoldingsInc

Market Cap: JP¥30.6b

Engages in the IT business in Japan and internationally.

Shizuki Electric

Market Cap: JP¥30.5b

Provides capacitors, and related equipment and facilities in Japan, North America, Asia, and internationally.

Muramoto Electron (Thailand)

Market Cap: ฿6.3b

Manufactures and sells metal and plastic parts for audio/visual equipment, and electronic equipment for automobiles and office automation appliances in Thailand, Japan, the United States, and internationally.

TOYO

Market Cap: US$188.4m

Engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain in Asia and the United States.

Partron

Market Cap: ₩258.3b

Manufactures and sells electronic components South Korea and internationally.

oRo

Market Cap: JP¥29.1b

Engages in the provision of cloud and digital transformation solutions in Japan.

Allied Telesis Holdings K.K

Market Cap: JP¥28.0b

Engages in the research, development, manufacture, and sale of information and communication, and network-related products in Japan, the United States, the rest of the Americas, Europe, the Middle East, Africa, the rest of Asia, and Oceania.

In Win Development

Market Cap: NT$5.7b

Engages in processing, manufacturing, and trading of computer and peripheral equipment, and plastic products in Europe, the United States, Japan, Taiwan, and internationally.

KSKLtd

Market Cap: JP¥28.0b

Engages in the LSI, software, hardware, customer service, and data entry businesses.

Digital Information Technologies

Market Cap: JP¥27.8b

Operates as an information services company.

LIG Accuver

Market Cap: ₩241.4b

Develops, manufactures, and sells mobile communication measurement systems and measuring equipment in South Korea.

Info-Tech Systems

Market Cap: S$224.5m

Engages in the sale of cloud-based accounting software and human resource management software (HRMS) in Malaysia, and Singapore.

Nippon Information Development

Market Cap: JP¥27.6b

Offers information technology solutions in Japan and internationally.

RADCOM

Market Cap: US$173.6m

Provides cloud-native and 5G-ready network intelligence solutions for communication service providers (CSPs).