Global Inefficient Market Opportunities

TOYO

Market Cap: US$496.0m

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.

Sleemon Healthy Sleep Technology

Market Cap: CN¥3.3b

Sleemon Healthy Sleep Technology Co., Ltd.

Northern Arc Capital

Market Cap: ₹46.7b

Operates as a non-banking financial company in India.

Heidelberger Druckmaschinen

Market Cap: €411.2m

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.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.3b

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

Fauji Cement

Market Cap: PK₨125.4b

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

Caledonia Mining

Market Cap: US$443.4m

Primarily operates a gold mine in Jersey.

Nexen Tire

Market Cap: ₩661.5b

Manufactures and sells tires in South Korea and internationally.

Man Industries (India)

Market Cap: ₹42.2b

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

TSI HoldingsLtd

Market Cap: JP¥68.5b

Engages in the planning, manufacture, and sale of clothing in Japan and internationally.

Nippon Sheet Glass Company

Market Cap: JP¥68.0b

Engages in the manufacture and sale of glass and glass products in Europe, Asia, and the Americas.

Plano & Plano Desenvolvimento Imobiliário

Market Cap: R$2.1b

Through its subsidiaries develops, constructs, and sells real estate projects in the São Paulo Metropolitan Region.

Tianli International Holdings

Market Cap: HK$3.3b

An investment holding company, provides education management and diversified services in China.

PetroVietnam Transportation

Market Cap: ₫10.9t

Engages in maritime transportation services to the oil and gas industry in Vietnam and internationally.

CNMC Goldmine Holdings

Market Cap: S$518.8m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Camil Alimentos

Market Cap: R$1.9b

Engages in processing, production, packaging, and marketing of food products.

PetroTal

Market Cap: CA$524.6m

Engages in the acquisition, exploration, appraisal, development, and production of oil and natural gas properties in Peru.

Ventura Offshore Holding

Market Cap: NOK 3.5b

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

Guangzhou Xiao Noodles Catering Management

Market Cap: HK$2.9b

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

Angler Gaming

Market Cap: €322.4m

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

Viva Biotech Holdings

Market Cap: HK$2.9b

An investment holding company, engages in the provision of structure-based drug discovery services to biotechnology and pharmaceutical customers worldwide.

China Aircraft Leasing Group Holdings

Market Cap: HK$2.9b

An investment holding company, provides aircraft leasing services to airline companies in Mainland China and internationally.

Alto Ingredients

Market Cap: US$361.9m

Produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States.

Aeris Resources

Market Cap: AU$496.8m

Explores, produces, and sells precious metals in Australia.

Inspur Digital Enterprise Technology

Market Cap: HK$2.8b

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.

Aurelia Metals

Market Cap: AU$491.1m

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

Sylvania Platinum

Market Cap: UK£258.8m

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

SkyCity Entertainment Group

Market Cap: NZ$573.2m

Operates in the gaming, entertainment, hotel, convention, hospitality, and tourism sectors in New Zealand and Australia.

Cafe24

Market Cap: ₩504.1b

Operates an e-commerce platform worldwide.

Ha Do Group

Market Cap: ₫8.7t

Engages in the electricity generation, transmission, and distribution activities in Vietnam.

Auna

Market Cap: US$324.2m

A healthcare service provider, operates hospitals and clinics in Mexico, Peru, and Colombia.

SIGA Technologies

Market Cap: US$322.0m

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

Maple Leaf Cement Factory

Market Cap: PK₨89.6b

Produces and sells cement in Pakistan, Afghanistan, Maldives, Qatar, Sri Lanka, South Africa, Yemen, and Tanzania.

29Metals

Market Cap: AU$446.3m

Operates as a copper-focused base and precious metals mining company in Australia and Chile.

Cruzeiro do Sul Educacional

Market Cap: R$1.6b

Provides education services in Brazil.

PC1 Group

Market Cap: ₫8.3t

Engages in the construction, industrial production, real estate, energy, trading, exploitation and operation of industrial zone, mining, and other businesses in Vietnam.