Global Inefficient Market Opportunities

ADENTRA

Market Cap: CA$655.5m

Engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States.

GB

Market Cap: ج.م23.1b

Engages in the assembly, manufacture, sale, distribution, financing, and after-sales service of automotive products in the Middle East and Egypt.

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

Market Cap: ج.م22.2b

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

Construtora Tenda

Market Cap: R$2.5b

Operates as a construction company in Brazil.

Movida Participações

Market Cap: R$2.4b

Through its subsidiaries, provides car rental services in Brazil.

Carote

Market Cap: HK$3.1b

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.

Geo Energy Resources

Market Cap: S$502.0m

An investment holding company, engages in the mining, production, and trading of coal.

Orezone Gold

Market Cap: CA$537.5m

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

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.2b

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

T&L

Market Cap: ₩536.8b

Engages in the manufacture and sale of medical and polymer material products in South Korea.

OSAKA Titanium technologiesLtd

Market Cap: JP¥54.4b

Manufactures and sells titanium products.

J Trust

Market Cap: JP¥52.8b

Provides various financial services in Japan.

Nilfisk Holding

Market Cap: DKK 2.4b

Develops, manufactures, and sells cleaning solutions and services worldwide.

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.

Caledonia Mining

Market Cap: US$345.4m

Primarily operates a gold mine in Jersey.

Best Pacific International Holdings

Market Cap: HK$2.7b

Manufactures, trades in, and sells elastic fabric, elastic webbing, and lace.

Hwaseung Enterprise

Market Cap: ₩476.8b

Manufactures and sells shoes for sporting goods.

JSL

Market Cap: R$1.9b

Provides logistics services in Brazil.

Gilat Satellite Networks

Market Cap: US$341.8m

Provides satellite-based broadband communication solutions in Israel, the United States, Peru, and internationally.

Pulmuone

Market Cap: ₩468.5b

Manufactures, sells, and distributes foods and beverages in South Korea, the United States, China, and Japan.

SeAH Steel

Market Cap: ₩461.4b

Manufactures and sells steel products in South Korea.

Pou Sheng International (Holdings)

Market Cap: HK$2.5b

An investment holding company, engages in distributing and retailing sportswear and footwear in the People’s Republic of China and internationally.

Digital Value

Market Cap: €281.1m

Provides IT solutions and services in Italy.

Onity Group

Market Cap: US$303.8m

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.

Cruzeiro do Sul Educacional

Market Cap: R$1.7b

Provides education services in Brazil.

Wee Hur Holdings

Market Cap: S$390.7m

An investment holding company, engages in general building and civil engineering construction business in Singapore and Australia.

Ânima Holding

Market Cap: R$1.7b

Operates as an education organization in Brazil.

Hansae

Market Cap: ₩407.6b

Manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti.

Regional Management

Market Cap: US$287.2m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

VIB Vermögen

Market Cap: €253.9m

Engages in the development, acquisition, and management of commercial real estate properties in Germany.

Amvis Holdings

Market Cap: JP¥40.8b

Provides nursing home, home nursing care, home care, in-home care support, and disability welfare services in Japan.

BH

Market Cap: ₩390.7b

Manufactures and sells flexible printed circuit boards (FPCB) and its application parts.

Park-Ohio Holdings

Market Cap: US$268.9m

Provides supply chain management outsourcing services, capital equipment, and manufactured components in the United States, Europe, Asia, Mexico, Canada, and internationally.

J.Jill

Market Cap: US$262.6m

Operates as an omnichannel retailer for women’s apparel in the United States.

Paradise Entertainment

Market Cap: HK$2.0b

An investment holding company, primarily provides casino management services in Macau, the People’s Republic of China, the Philippines, the United States, and internationally.

Mistras Group

Market Cap: US$247.8m

Provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific.