Global Inefficient Market Opportunities

Raydium Semiconductor

Market Cap: NT$15.7b

Engages in the design, development, and sale of display drivers, sequential control, and power management integrated circuit (IC) products in China, Hong Kong, Taiwan, and internationally.

ProCredit Holding

Market Cap: €430.0m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Emergent BioSolutions

Market Cap: US$476.9m

A life sciences company, provides preparedness and response solutions for accidental, deliberate, and naturally occurring public health threats in the United States.

Capita

Market Cap: UK£362.9m

Operates an outsourcer that supports clients across the public and private sectors in the United Kingdom and rest of Europe.

BOE Varitronix

Market Cap: HK$3.7b

An investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People’s Republic of China, Europe, the United States, Korea, Japan, and internationally.

Integra Resources

Market Cap: CA$656.9m

A precious metals producer, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States.

Juheshun Advanced Material

Market Cap: CN¥3.2b

Engages in the research and development, manufacture, and sale of polyamide-6 chips in China, Europe, South America, Oceania, Southeast Asia, and internationally.

GCB Bank

Market Cap: GH₵4.9b

Engages in the retail and corporate banking, consumer and commercial banking, and treasury activities in Ghana.

Asia Aviation

Market Cap: ฿14.0b

Provides airline services in Thailand.

Cruzeiro do Sul Educacional

Market Cap: R$2.3b

Provides education services in Brazil.

Pangaea Logistics Solutions

Market Cap: US$422.3m

Provides seaborne dry bulk logistics and transportation services to industrial customers worldwide.

PayPoint

Market Cap: UK£317.1m

Engages in the provision of payments and banking, shopping, and e-commerce services and products in the United Kingdom.

SIGA Technologies

Market Cap: US$413.2m

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

J&V Energy Technology

Market Cap: NT$12.9b

Engages in the development, investment, maintenance, and management of renewable energy plants in Taiwan.

HD Renewable Energy

Market Cap: NT$12.7b

Engages in the development of solar power generation systems, engineering construction, and maintenances in Taiwan.

Next 15 Group

Market Cap: UK£296.7m

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.

Olympic Steel

Market Cap: US$388.6m

Processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico.

Hi-Yes International

Market Cap: NT$12.0b

Engages in the real estate agency and brokerage businesses in Taiwan.

Lippo Karawaci

Market Cap: Rp6.2t

Provides property development services in Indonesia.

Dingdong (Cayman)

Market Cap: US$368.6m

Operates an e-commerce company in China.

Camil Alimentos

Market Cap: R$2.0b

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

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.

Auna

Market Cap: US$357.5m

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

China State Construction Development Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the general contracting business in Hong Kong and internationally.

Verve Group

Market Cap: €301.0m

A digital media company, engages in the provision of ad-software solutions in North America and Europe.

RWS Holdings

Market Cap: UK£262.5m

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

USANA Health Sciences

Market Cap: US$341.3m

Develops, manufactures, and sells science-based nutritional, personal care, and skincare products in the Asia Pacific, the Americas, and Europe.

Desktop

Market Cap: R$1.8b

Provides fixed telephony, broadband internet, and pay television services in Brazil.

Calavo Growers

Market Cap: US$338.5m

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery, foodservice, club stores, mass merchandisers, food distributors, and wholesale customers worldwide.

Wonik QnC

Market Cap: ₩489.5b

Manufactures and sells quartz and ceramic wares used in the production of semiconductor wafers.

Hua Yu Lien Development

Market Cap: NT$10.4b

Engages in the real estate business in Taiwan.

Zhihu

Market Cap: US$325.7m

Operates an online content community in the People’s Republic of China.

AltynGold

Market Cap: UK£246.5m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Concord New Energy Group

Market Cap: HK$2.5b

An investment holding company, engages in the generation of power in the People’s Republic of China and internationally.

Anton Oilfield Services Group

Market Cap: HK$2.5b

An investment holding company, operates as an integrated oilfield technology services company in the People’s Republic of China, Iraq, and internationally.

EFC (I)

Market Cap: ₹26.9b

Engages in real estate leasing business in India.