Global Inefficient Market Opportunities

ADENTRA

Market Cap: CA$688.1m

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.

Sun Country Airlines Holdings

Market Cap: US$494.8m

An air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally.

GB

Market Cap: ج.م24.7b

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

Peapack-Gladstone Financial

Market Cap: US$483.7m

Operates as the bank holding company for Peapack Private Bank & Trust that provides private banking and wealth management services in the United States.

IDICO Corporation - JSC

Market Cap: ₫12.2t

Invests in industrial real estate, housing and urban development, industrial park services, and energy and infrastructure development projects in Vietnam.

Frasers Property (Thailand)

Market Cap: ฿15.5b

Primarily develops industrial real estate properties in Thailand.

North American Construction Group

Market Cap: CA$633.5m

Provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States.

Crowell Development

Market Cap: NT$14.8b

Engages in the construction of commercial and residential buildings for rental and sale in Taiwan.

Movida Participações

Market Cap: R$2.6b

Through its subsidiaries, provides car rental services in Brazil.

Cango

Market Cap: US$444.2m

Operates an automotive transaction service platform that connects dealers, original equipment manufacturers, car buyers, and other industry participants in the People’s Republic of China, British Virgin Islands, and internationally.

Colorlight Cloud Tech

Market Cap: CN¥3.2b

Engages in the research and development, manufacture, and sale of LED display control systems, video processing equipment, play servers, and cloud network players worldwide.

Orezone Gold

Market Cap: CA$612.0m

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

Bairong

Market Cap: HK$3.4b

Operates as cloud-base AI turnkey services provider in China.

OSAKA Titanium technologiesLtd

Market Cap: JP¥59.9b

Manufactures and sells titanium products.

ChoiceOne Financial Services

Market Cap: US$411.7m

Operates as the bank holding company for ChoiceOne Bank that provides banking services in Michigan.

GA technologies

Market Cap: JP¥58.2b

Operates a real estate brokerage platform.

Viridien Société anonyme

Market Cap: €353.8m

Provides data, products, services, and solutions in Earth science, data science, sensing, and monitoring in North America, Latin America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific.

Geo Energy Resources

Market Cap: S$516.2m

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

Xin Point Holdings

Market Cap: HK$3.0b

An investment holding company, manufactures and sells automotive and electronic components in China, North America, Europe, and internationally.

J Trust

Market Cap: JP¥52.4b

Provides various financial services in Japan.

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.

Anton Oilfield Services Group

Market Cap: HK$2.8b

An investment holding company, provides oilfield engineering and technical services for oil companies in the People’s Republic of China, Iraq, and internationally.

TETRA Technologies

Market Cap: US$356.1m

Operates as an energy services and solutions company.

VAALCO Energy

Market Cap: US$354.8m

An independent energy company, engages in the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, Cote d'Ivoire, and Canada.

VersaBank

Market Cap: CA$491.0m

Provides various banking products and services in Canada and the United States.

Nilfisk Holding

Market Cap: DKK 2.3b

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

SeAH Steel

Market Cap: ₩503.9b

Manufactures and sells steel products in South Korea.

Construtora Tenda

Market Cap: R$2.0b

Operates as a construction company in Brazil.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.0b

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

Allcargo Logistics

Market Cap: ₹29.1b

Provides integrated logistics solutions in India, the United States, the Far East, Europe, and internationally.

JSL

Market Cap: R$1.9b

Provides logistics services in Brazil.

Hwaseung Enterprise

Market Cap: ₩480.5b

Manufactures and sells shoes for sporting goods.

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.

Carote

Market Cap: HK$2.5b

An investment holding company, provides a range of kitchenware products to brand-owners and retailers under the CAROTE brand.

Best Pacific International Holdings

Market Cap: HK$2.4b

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

INNOX Advanced MaterialsLtd

Market Cap: ₩439.5b

INNOX Advanced Materials Co.,Ltd engages in semiconductor PKG materials and flexible circuit board materials businesses in South Korea and internationally.