3 under the radar ASX small cap shares to watch


If you’re looking to gain exposure to the small side of the market, then you might want to take a look at the small cap ASX shares listed below. 

Here’s why these small cap ASX shares could be ones to watch:

Felix Group Holdings Limited (ASX: FLX)

Felix is a cloud-based enterprise software-as-a-service marketplace platform provider for the commercial construction and related industries. It connects contractors and their third-party vendors, automating, and streamlining a range of critical procurement-related business processes. Since launching in 2013, its online Vendor Marketplace has grown to become a leading marketplace for the Australian commercial construction sector. In FY 2020 the company reported sales revenue of $3.7 million. This compares to its global total addressable market estimated to be worth $7.2 billion.

PlaySide Studios Limited (ASX: PLY)

PlaySide Studios is one of the largest independent video game developers in Australia. At present, the company has a total of 52 titles developed, including games based on its own original intellectual property and games developed with Hollywood studios. The latter comprises titles relating to Jumanji, The Walking Dead, and Disney Pixar’s Cars. From these titles, PlaySide delivered a 55% increase in revenue to $7 million in FY 2020. This is just a fraction of its global market opportunity, which the company currently estimates to be worth $77.2 billion per annum.

Serko is an online travel booking and expense management provider. Its Zeno Travel product provides AI-powered end-to-end travel itineraries, cost control and travel policy compliance to corporate customers. Whereas its other platform, Zeno Expense, allows users to automate and streamline the expense administration function, identify out-of-policy expense claims, and prevent fraud. Times have been hard because of the pandemic, but demand is starting to pick up. This should be supported by its recent deal with travel giant Booking.com.

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James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Serko Ltd. The Motley Fool Australia has recommended Serko Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.



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