Global Inefficient Market Opportunities

SFA Engineering

Market Cap: ₩768.6b

Manufactures and sells display equipment, logistics systems, secondary battery, semiconductor equipment, material handling, and special business equipment in South Korea and internationally.

Northern Arc Capital

Market Cap: ₹46.9b

Operates as a non-banking financial company in India.

Sleemon Healthy Sleep Technology

Market Cap: CN¥3.3b

Sleemon Healthy Sleep Technology Co., Ltd.

Calfrac Well Services

Market Cap: CA$673.8m

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

Fauji Cement

Market Cap: PK₨132.2b

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

Inspur Digital Enterprise Technology

Market Cap: HK$3.7b

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.

Hanwha General Insurance

Market Cap: ₩707.6b

Provides insurance services in South Korea.

Yduqs Participações

Market Cap: R$2.3b

Provides higher education services in Brazil.

Grupo SBF

Market Cap: R$2.3b

Engages in the sale of sporting goods and leisure products in Brazil.

SNT Motiv

Market Cap: ₩685.2b

Engages in the production, development, and sale of products for defense and automotive industries in South Korea and internationally.

PetroVietnam Transportation

Market Cap: ₫11.5t

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

LEPU ScienTech Medical Technology (Shanghai)

Market Cap: HK$3.4b

An investment holding company, engages in the manufacture and sale of interventional treatment series occluders and heart valve medical devices.

Alto Ingredients

Market Cap: US$428.5m

Produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.1b

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

Nippon Sheet Glass Company

Market Cap: JP¥67.5b

Engages in the manufacture and sale of glass and glass products in Europe, Asia, and the Americas.

Caledonia Mining

Market Cap: US$402.7m

Primarily operates a gold mine in Jersey.

PetroTal

Market Cap: CA$552.2m

Engages in the acquisition, exploration, appraisal, development, and production of oil and natural gas properties in Peru.

Heliostar Metals

Market Cap: CA$547.1m

Engages in gold and silver exploration and mining activities in the United States and Mexico.

Guangzhou Xiao Noodles Catering Management

Market Cap: HK$3.1b

Engages in the self-operated noodle restaurant and manages franchise operations in Mainland China.

TSI HoldingsLtd

Market Cap: JP¥62.2b

Engages in the planning, manufacture, and sale of clothing in Japan and internationally.

CNMC Goldmine Holdings

Market Cap: S$494.5m

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

Man Industries (India)

Market Cap: ₹36.7b

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

Angler Gaming

Market Cap: €329.9m

Invests in companies that offer gaming services through the internet in Malta.

Dongsung FineTec

Market Cap: ₩587.2b

Engages in the manufacture and sale of cryogenic insulation products in South Korea.

Aurelia Metals

Market Cap: AU$533.4m

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

Aeris Resources

Market Cap: AU$514.8m

Explores, produces, and sells precious metals in Australia.

WONIK MaterialsLtd

Market Cap: ₩557.9b

Manufactures and sells specialty gases in South Korea, China, and internationally.

Serabi Gold

Market Cap: UK£270.4m

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

Tianli International Holdings

Market Cap: HK$2.8b

An investment holding company, provides education management and diversified services in China.

Best Pacific International Holdings

Market Cap: HK$2.7b

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

29Metals

Market Cap: AU$481.3m

Operates as a copper-focused base and precious metals mining company in Australia and Chile.

Plano & Plano Desenvolvimento Imobiliário

Market Cap: R$1.7b

Through its subsidiaries develops, constructs, and sells real estate projects in the São Paulo Metropolitan Region.

Enviro Infra Engineers

Market Cap: ₹32.6b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

KG Dongbu SteelLtd

Market Cap: ₩521.0b

Produces and sells steel products in South Korea.

Camil Alimentos

Market Cap: R$1.7b

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

Viva Biotech Holdings

Market Cap: HK$2.6b

An investment holding company, engages in the provision of structure-based drug discovery services to biotechnology and pharmaceutical customers worldwide.