Global Inefficient Market Opportunities

Orezone Gold

Market Cap: CA$612.8m

Engages in the mining, exploration, and development of gold properties.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.5b

Develops and builds residential and non-residential properties primarily in Brazil.

Credit Agricole - Egypt Bank (S.A.E.)

Market Cap: ج.م22.0b

Provides corporate, retail, and investment banking services in the Arab Republic of Egypt and internationally.

RWS Holdings

Market Cap: UK£311.7m

Provides technology-enabled language, content, and intellectual property (IP) services in the United Kingdom, Continental Europe, the United States, and internationally.

Safe Bulkers

Market Cap: US$420.5m

Provides marine drybulk transportation services internationally.

E1

Market Cap: ₩568.3b

Imports, stores, trades, and sells liquefied petroleum gas (LPG) in South Korea.

J Trust

Market Cap: JP¥60.5b

Provides various financial services in Japan.

Caledonia Mining

Market Cap: US$402.5m

Primarily operates a gold mine in Jersey.

SeAH Holdings

Market Cap: ₩547.4b

Engages in the steel materials business in South Korea and internationally.

Movida Participações

Market Cap: R$2.2b

Through its subsidiaries, provides car rental services in Brazil.

Solstad Offshore

Market Cap: NOK 3.9b

Owns and operates offshore service vessels.

Carote

Market Cap: HK$2.8b

An investment holding company, engages in the manufacture and sale of kitchenware products in Mainland China, the United States, Western Europe, Japan, Southeast Asia, and internationally.

Chongqing Hongjiu Fruit

Market Cap: HK$2.8b

Engages in the purchasing, importing, sorting, packaging, and wholesale of fruits in the People’s Republic of China, Thailand, and Vietnam.

Interloop

Market Cap: PK₨100.8b

Manufactures and exports hosiery products in Pakistan, Australia, Asia, Europe, and the United Sates.

Moura Dubeux Engenharia

Market Cap: R$1.9b

Provides real estate development services in Brazil.

Digital Value

Market Cap: €293.8m

Provides IT solutions and services in Italy.

Tharisa

Market Cap: R6.1b

An investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally.

HAESUNG DS

Market Cap: ₩462.4b

Manufactures and sells semiconductor components in South Korea and internationally.

Cruzeiro do Sul Educacional

Market Cap: R$1.7b

Provides education services in Brazil.

Himalaya Shipping

Market Cap: NOK 3.2b

Provides dry bulk shipping services worldwide.

Onity Group

Market Cap: US$296.8m

A financial services company, originates and services forward and reserve mortgage loans in the United States, the United States Virgin Islands, India, and the Philippines.

Bankwell Financial Group

Market Cap: US$290.8m

Operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers.

China New Higher Education Group

Market Cap: HK$2.2b

An investment holding company, provides private education services in the People's Republic of China.

Tourism Holdings

Market Cap: NZ$453.3m

Operates as a tourism company worldwide.

D.G. Khan Cement

Market Cap: PK₨74.8b

Produces and sells clinker, low alkali cement, and ordinary Portland and sulphate resistant cement in Pakistan.

Alkane Resources

Market Cap: AU$399.7m

Operates as a gold exploration and production company in Australia.

Ânima Holding

Market Cap: R$1.4b

Operates as an education organization in Brazil.

Magna Mining

Market Cap: CA$353.6m

Engages in the acquisition, exploration, and development of mineral properties in Canada.

KAP

Market Cap: R4.6b

Engages in industrial, chemical, and logistics businesses in South Africa, rest of Africa, the Americas, Europe, the Middle East, and Australasia.

Armac Locação Logística e Serviços

Market Cap: R$1.4b

Engages in leasing machines, equipment, and services in Brazil.

KginicisLtd

Market Cap: ₩341.5b

Operates as a electronic payment company in Korea.

Secure Trust Bank

Market Cap: UK£182.3m

Provides banking and financial products and services in the United Kingdom.

Hexaom

Market Cap: €209.0m

Engages in the home building and renovation businesses in France.

Nampak

Market Cap: R4.4b

Engages in the manufacture and sale of packaging products in South Africa and rest of Africa.

Esprinet

Market Cap: €205.7m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

First Internet Bancorp

Market Cap: US$240.0m

Operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States.