Global Inefficient Market Opportunities

Heidelberger Druckmaschinen

Market Cap: €420.0m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Caledonia Mining

Market Cap: US$489.4m

Primarily operates a gold mine in Jersey.

Huitongda Network

Market Cap: HK$3.7b

An industrial internet company, provides digital technologies and supply chain capabilities in China.

YSB

Market Cap: HK$3.6b

Develops digital pharmaceutical platform for pharmaceutical companies, distributors, vendors, pharmacies, and primary healthcare institutions in China.

Calfrac Well Services

Market Cap: CA$613.2m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Raya Holding Company for Financial Investments (S.A.E)

Market Cap: ج.م22.3b

Operates in information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, E-payments, and non-banking financial services fields in Egypt and internationally.

Fauji Cement

Market Cap: PK₨117.3b

Engages in the manufacturing and selling of various types of cement in Pakistan.

TOYO

Market Cap: US$416.7m

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.

BFF Bank

Market Cap: €333.0m

Engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain.

Guangzhou Xiao Noodles Catering Management

Market Cap: HK$3.1b

Engages in the self-operated noodle restaurant and manages franchise operations in China and Hong Kong.

H.G. Infra Engineering

Market Cap: ₹36.1b

Engages in the engineering, procurement, and construction (EPC) business in India.

Man Industries (India)

Market Cap: ₹34.9b

Manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India.

Inspur Digital Enterprise Technology

Market Cap: HK$2.9b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

Ventura Offshore Holding

Market Cap: NOK 3.4b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Lippo Karawaci

Market Cap: Rp6.2t

Engages in real estate development, healthcare and lifestyle businesses in Indonesia.

AutoCanada

Market Cap: CA$485.7m

Through its subsidiaries, operates franchised automobile dealerships and related business.

Sylvania Platinum

Market Cap: UK£256.4m

Engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa.

Bonduelle

Market Cap: €285.2m

Engages in the provision of plant-based food in Europe and internationally.

Ser Educacional

Market Cap: R$1.7b

Operates on-campus and distance-learning undergraduate, graduate, and professional training courses and other education-related areas in Brazil.

Meeka Metals

Market Cap: AU$471.3m

Engages in the exploration and development of gold properties in Western Australia.

Next 15 Group

Market Cap: UK£242.7m

Next 15 Group plc, together with its subsidiaries, customer insight, customer delivery, customer engagement, and business transformation services in the United Kingdom, Africa, the United States, Europe, Middle East, and Africa.

Aeris Resources

Market Cap: AU$460.9m

Explores, produces, and sells precious metals in Australia.

HANDSOME

Market Cap: ₩482.2b

Manufactures and sells women’s apparel in Korea, China, and Europe.

Sun.King Technology Group

Market Cap: HK$2.5b

An investment holding company, manufactures and trades in power electronic components for use in power transmission and distribution, electrified transportation, industrial, and other sectors in the People’s Republic of China.

Aurelia Metals

Market Cap: AU$457.2m

Engages in the exploration and production of mineral properties in Australia.

AIC Mines

Market Cap: AU$446.7m

Engages in the exploration, development, and production of mines in Australia.

Village Farms International

Market Cap: US$314.2m

Produces, markets, and distributes greenhouse grown tomatoes, bell peppers, and cucumbers in North America.

SIGA Technologies

Market Cap: US$312.4m

A commercial-stage pharmaceutical company, focuses on the health security market in the United States.

Winton Land

Market Cap: NZ$533.9m

Engages in the real estate business in New Zealand and Australia.

Regina Miracle International (Holdings)

Market Cap: HK$2.4b

An investment holding company, designs, manufactures, and trades in a range of intimate wear and sports products.

STI

Market Cap: ₩457.6b

Operates in the semiconductor equipment industry in Korea.

Zibuyu Group

Market Cap: HK$2.3b

An investment holding company, operates as a cross-border e-commerce company in China.

EFC (I)

Market Cap: ₹26.5b

Engages in real estate leasing business in India.

Angler Gaming

Market Cap: €240.0m

Invests in companies that offer gaming services through the internet in Malta.

ACCO Brands

Market Cap: US$277.7m

Designs, manufactures, and markets consumer, school, technology, and office products in the United States, Canada, Brazil, Mexico, Chile, Europe, the Middle East, Australia, New Zealand, and Asia.

Econocom Group

Market Cap: €236.0m

Designs and develops digital solutions for public and private companies in Belgium and internationally.