Global Inefficient Market Opportunities

Caledonia Mining

Market Cap: US$498.1m

Primarily operates a gold mine in Jersey.

Fauji Cement

Market Cap: PK₨127.7b

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

Raya Holding Company for Financial Investments (S.A.E)

Market Cap: ج.م23.7b

Operates in information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, E-payments, and non-banking financial services fields in Egypt and internationally.

TOYO

Market Cap: US$441.6m

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.

YSB

Market Cap: HK$3.4b

Develops digital pharmaceutical platform for pharmaceutical companies, distributors, vendors, pharmacies, and primary healthcare institutions in China.

H.G. Infra Engineering

Market Cap: ₹40.5b

Engages in the engineering, procurement, and construction (EPC) business in India.

Calfrac Well Services

Market Cap: CA$582.1m

Provides specialized oilfield services in Canada, the United States, and Argentina.

BFF Bank

Market Cap: €357.0m

Engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain.

Man Industries (India)

Market Cap: ₹38.1b

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

PetroVietnam Transportation

Market Cap: ₫10.0t

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

China Aircraft Leasing Group Holdings

Market Cap: HK$3.0b

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

Lippo Karawaci

Market Cap: Rp6.5t

Engages in real estate development, healthcare and lifestyle businesses in Indonesia.

Inspur Digital Enterprise Technology

Market Cap: HK$2.9b

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.

Ventura Offshore Holding

Market Cap: NOK 3.4b

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

Serabi Gold

Market Cap: UK£261.7m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

AutoCanada

Market Cap: CA$475.3m

Through its subsidiaries, operates franchised automobile dealerships and related business.

Ser Educacional

Market Cap: R$1.7b

Operates on-campus and distance-learning undergraduate, graduate, and professional training courses and other education-related areas in Brazil.

Aurelia Metals

Market Cap: AU$465.7m

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

Bonduelle

Market Cap: €282.7m

Engages in the provision of plant-based food in Europe and internationally.

Next 15 Group

Market Cap: UK£244.2m

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.

SIGA Technologies

Market Cap: US$328.1m

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

Meeka Metals

Market Cap: AU$456.6m

Engages in the exploration and development of gold properties in Western Australia.

Aeris Resources

Market Cap: AU$454.9m

Explores, produces, and sells precious metals in Australia.

Organogenesis Holdings

Market Cap: US$322.9m

A regenerative medicine company, develops, manufactures, and commercializes products for the advanced wound care, and surgical and sports medicine markets in the United States.

AIC Mines

Market Cap: AU$446.7m

Engages in the exploration, development, and production of mines in Australia.

Village Farms International

Market Cap: US$307.3m

Produces, markets, and distributes greenhouse grown tomatoes, bell peppers, and cucumbers in North America.

Winton Land

Market Cap: NZ$519.1m

Engages in the real estate business in New Zealand and Australia.

Gulf Marine Services

Market Cap: UK£220.1m

Operates self-propelled self-elevating support vessels (SESVs) in the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar, and Europe.

Ontex Group

Market Cap: €251.6m

Develops, produces, and sells baby, feminine, and adult care products in Belgium, the United Kingdom, Italy, the United States, France, Poland, and internationally.

Zibuyu Group

Market Cap: HK$2.3b

An investment holding company, operates as a cross-border e-commerce company in China in North America, Asia, Europe, and internationally.

EFC (I)

Market Cap: ₹27.5b

Engages in real estate leasing business in India.

Fenbi

Market Cap: HK$2.3b

An investment holding company, provides non-formal vocational education and training services in the People’s Republic of China.

ACCO Brands

Market Cap: US$289.7m

Designs, manufactures, and markets consumer, school, technology, and office products in the United States, Canada, Brazil, Mexico, Chile, Europe, the Middle East, Australia, New Zealand, and Asia.

Diana Shipping

Market Cap: US$278.2m

Provides shipping transportation services worldwide.

HWASHINLtd

Market Cap: ₩402.7b

Manufactures and sells automobile components.

Trisul

Market Cap: R$1.3b

Engages in the construction and development of real estate properties in Brazil.