Global Inefficient Market Opportunities

American Axle & Manufacturing Holdings

Market Cap: US$488.7m

Designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles.

Movida Participações

Market Cap: R$2.7b

Through its subsidiaries, provides car rental services in Brazil.

ADENTRA

Market Cap: CA$671.6m

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.

Controladora Vuela Compañía de Aviación. de

Market Cap: Mex$9.2b

Controladora Vuela Compañía de Aviación, S.A.B.

Frasers Property (Thailand)

Market Cap: ฿15.5b

Primarily develops industrial real estate properties in Thailand.

North American Construction Group

Market Cap: CA$649.6m

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

GB

Market Cap: ج.م23.3b

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.

Orezone Gold

Market Cap: CA$600.7m

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

Cango

Market Cap: US$423.5m

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.

OSAKA Titanium technologiesLtd

Market Cap: JP¥60.3b

Manufactures and sells titanium products.

KoMiCo

Market Cap: ₩573.7b

Provides semiconductor equipment cleaning and coating products in South Korea, the United States, China, Taiwan, and Singapore.

GA technologies

Market Cap: JP¥58.7b

Operates a real estate brokerage platform.

Geo Energy Resources

Market Cap: S$509.1m

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

Carote

Market Cap: HK$3.0b

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.

Spartan Delta

Market Cap: CA$531.9m

Engages in the exploration, development, and production of crude oil and natural gas properties in Western Canada.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.1b

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

J Trust

Market Cap: JP¥53.4b

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.

VersaBank

Market Cap: CA$492.7m

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

Best Pacific International Holdings

Market Cap: HK$2.7b

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

VAALCO Energy

Market Cap: US$341.5m

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.

Pou Sheng International (Holdings)

Market Cap: HK$2.6b

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

Hwaseung Enterprise

Market Cap: ₩470.8b

Manufactures and sells shoes for sporting goods.

Galata Wind Enerji

Market Cap: ₺12.9b

Engages in generation and sale of electricity from renewable energy in Turkey.

Allcargo Logistics

Market Cap: ₹27.9b

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

Anton Oilfield Services Group

Market Cap: HK$2.4b

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

Wee Hur Holdings

Market Cap: S$399.9m

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

Onity Group

Market Cap: US$296.9m

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.

Mistras Group

Market Cap: US$295.7m

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

Regional Management

Market Cap: US$284.5m

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.

BH

Market Cap: ₩393.5b

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

Digital Value

Market Cap: €240.9m

Provides IT solutions and services in Italy.

NewtekOne

Market Cap: US$270.4m

Operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.

Caledonia Mining

Market Cap: US$267.4m

Primarily operates a gold mine in Jersey.

Park-Ohio Holdings

Market Cap: US$264.2m

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