Global Inefficient Market Opportunities

Armac Locação Logística e Serviços

Market Cap: R$1.3b

Engages in leasing machines, equipment, and services in Brazil.

Esprinet

Market Cap: €199.0m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

Secure Trust Bank

Market Cap: UK£165.9m

Provides banking and financial products and services in the United Kingdom.

Forth Corporation

Market Cap: ฿7.1b

Engages in the manufacture and distribution of electronic equipment in Thailand, Netherlands, United States of America, and internationally.

Kingstone Companies

Market Cap: US$219.2m

Through its subsidiary, provides property and casualty insurance products in the United States.

KginicisLtd

Market Cap: ₩288.8b

Operates as a electronic payment company in Korea.

Arctic Paper

Market Cap: zł756.6m

Engages in the production and sale of paper for printing houses, paper distributors, book and magazine publishing houses, and the advertising industries in Poland, Germany, France, the United Kingdom, Scandinavia, other Western Europe, Central and Eastern Europe, and internationally.

ASA International Group

Market Cap: UK£150.0m

Operates as a microfinance institution in Asia and Africa.

Citizens

Market Cap: US$180.0m

An insurance holding company, provides life insurance products in the United States and internationally.

CAB Payments Holdings

Market Cap: UK£130.6m

Through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, supranationals, and governments in the United Kingdom and internationally.

Suryoday Small Finance Bank

Market Cap: ₹14.7b

Operates as a small finance bank primarily serving the unserved and underserved with a focus on financial inclusion in India.

Dat Phuong Group

Market Cap: ₫4.4t

Engages in the construction and energy investment business in Vietnam.

SAXA

Market Cap: JP¥23.3b

Through its subsidiaries, develops, manufactures, and sells equipment and components for information and communication systems in Japan.

Central Omega Resources

Market Cap: Rp2.5t

Engages in the mineral mining business in Indonesia.

WM Technology

Market Cap: US$153.2m

An online cannabis marketplace, provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States and internationally.

Severfield

Market Cap: UK£112.0m

A structural steelwork company, engages in the designing, manufacturing, fabrication, construction, and erection of steelwork activities in the United Kingdom, Republic of Ireland, Europe, and India.

Austin Engineering

Market Cap: AU$220.3m

Manufactures, repairs, overhauls, and supplies mining attachment products, and other related products and services for the industrial and resources-related business sectors.

CNMC Goldmine Holdings

Market Cap: S$178.3m

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

Source Energy Services

Market Cap: CA$189.5m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

Twin Disc

Market Cap: US$136.9m

Engages in the design, manufacture, and sale of marine and heavy duty off-highway power transmission equipment in the United States, the Netherlands, China, Australia, Italy, and internationally.

Origin Property

Market Cap: ฿4.3b

Engages in property development in Thailand.

ADLPartner

Market Cap: €110.0m

Provides marketing solutions in France and internationally.

Chant Sincere

Market Cap: NT$3.7b

Engages in the design, manufacture, and sale of connectors and cable products in Taiwan.

BBGI

Market Cap: ฿4.1b

Manufactures and distributes biofuel and related products primarily in Thailand.

Protalix BioTherapeutics

Market Cap: US$122.6m

A biopharmaceutical company, engages in the development, production, and commercialization of recombinant therapeutic proteins based on the ProCellEx plant cell-based protein expression system.

Contiocean Environment Tech Group

Market Cap: HK$960.0m

Engages in the development and commercialization of various maritime environmental protection equipment and systems in the People’s Republic of China.

HYUNDAI BIOLANDLtd

Market Cap: ₩160.2b

Hyundai Bioland Co.,Ltd. along with its subsidiaries, manufactures and sells cosmetic raw materials, health food raw materials, medical devices and pharmaceutical raw materials internationally.

Lea Bank

Market Cap: SEK 1.1b

Provides various banking products and services in Norway, Sweden, Finland, and Spain.

Lument Finance Trust

Market Cap: US$114.6m

A real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States.

Scope Fluidics

Market Cap: zł407.8m

A biotechnology company, designs and develops projects based on microfluidic technologies in medical diagnostics and healthcare in Poland.

Imperial Petroleum

Market Cap: US$106.7m

Provides seaborne transportation services worldwide.

Advanced Flower Capital

Market Cap: US$106.2m

Advanced Flower Capital Inc. originates, structures, underwrites, invests in, and manages senior secured loans and other types of mortgage loans and debt securities for established companies operating in the cannabis industry.

Song Hong Garment

Market Cap: ₫2.8t

Manufactures, processes, and sells garment and bedding products in Vietnam.

Laster Tech

Market Cap: NT$3.0b

Engages in the manufacture and sale of LED chips and components in Taiwan, China, and Thailand.

Journey Energy

Market Cap: CA$136.9m

Engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada.

hVIVO

Market Cap: UK£73.1m

Operates as a pharmaceutical service and contract research company in the United Kingdom, Europe, and North America.