Global Inefficient Market Opportunities

Heidelberger Druckmaschinen

Market Cap: €432.2m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

Nexen Tire

Market Cap: ₩740.7b

Manufactures and sells tires in South Korea and internationally.

CorMedix

Market Cap: US$494.1m

A biopharmaceutical company, focuses on developing and commercializing therapeutic products for life-threatening diseases and conditions in the United States.

Grupo SBF

Market Cap: R$2.5b

Grupo SBF S.A. retails and wholesales sports and leisure products in Brazil.

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.

Inghams Group

Market Cap: AU$672.7m

Engages in the production and sale of chicken and turkey products under the Ingham’s brand primarily in Australia and New Zealand.

Petron

Market Cap: ₱27.9b

Operates as an oil refining and marketing company in the Philippines.

Sunac Services Holdings

Market Cap: HK$3.5b

An investment holding company, provides property development, cultural tourism city construction and operation, and property management services in the People’s Republic of China.

Pangaea Logistics Solutions

Market Cap: US$441.2m

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

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

Market Cap: ج.م23.0b

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.

Heliopolis for Housing & Development

Market Cap: ج.م22.7b

Engages in the real estate development business in Egypt.

Calfrac Well Services

Market Cap: CA$593.2m

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

BOE Varitronix

Market Cap: HK$3.3b

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.

Jinhong Fashion GroupLtd

Market Cap: CN¥2.9b

Engages in the design, development, manufacturing, and sale of apparels and accessories for women, men, and children in China.

Caledonia Mining

Market Cap: US$414.1m

Primarily operates a gold mine in Jersey.

Tharisa

Market Cap: R6.6b

An investment holding company, engages in the mining, processing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United Arab Emirates, and internationally.

YSB

Market Cap: HK$3.0b

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

Northern Arc Capital

Market Cap: ₹35.5b

Operates as a non-banking financial company 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$2.9b

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

Fiverr International

Market Cap: US$368.5m

Operates an online marketplace worldwide.

GBank Financial Holdings

Market Cap: US$363.7m

Operates as a bank holding company for GBank that provides banking services to commercial and consumer customers in Nevada.

JSL

Market Cap: R$1.9b

Provides logistics services in Brazil.

SIGA Technologies

Market Cap: US$353.9m

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

Fenbi

Market Cap: HK$2.7b

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

Yuexiu Services Group

Market Cap: HK$2.7b

An investment holding company, provides property management services in Mainland China and Hong Kong.

Haverty Furniture Companies

Market Cap: US$339.3m

Operates as a specialty retailer of residential furniture and accessories in the United States.

Fauji Cement

Market Cap: PK₨93.6b

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

AGI Greenpac

Market Cap: ₹31.3b

Operates as a packaging products company in India and the United Arab Emirates.

Aeris Resources

Market Cap: AU$478.9m

Explores, produces, and sells precious metals in Australia.

Next 15 Group

Market Cap: UK£247.3m

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.

H.G. Infra Engineering

Market Cap: ₹30.9b

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

Lippo Karawaci

Market Cap: Rp5.5t

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

Meeka Metals

Market Cap: AU$456.6m

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

TOYO

Market Cap: US$314.7m

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.

Loadstar Capital K.K

Market Cap: JP¥50.0b

Engages in the real estate investment business in Japan.