Global Inefficient Market Opportunities

Next 15 Group

Market Cap: UK£367.9m

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.

ITAB Shop Concept

Market Cap: SEK 4.4b

Develops, manufactures, sells, and installs store concepts for retail chain stores.

Hanwha General Insurance

Market Cap: ₩642.8b

Provides insurance services in South Korea.

SBC Medical Group Holdings

Market Cap: US$436.1m

Provides management services to cosmetic treatment centers in Japan, Vietnam, the United States, and Singapore.

Anton Oilfield Services Group

Market Cap: HK$3.2b

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

Erajaya Swasembada

Market Cap: Rp6.5t

Engages in the distribution and retail of mobile telecommunication devices in Indonesia, Singapore, and Malaysia.

Concord New Energy Group

Market Cap: HK$3.0b

An investment holding company, engages in the generation of power in the People’s Republic of China and internationally.

GCB Bank

Market Cap: GH₵4.1b

Engages in the retail and corporate banking, consumer and commercial banking, and treasury activities in Ghana.

QuantaSing Group

Market Cap: US$377.2m

QuantaSing Group Limited desigs and sells pop toys.

Zhihu

Market Cap: US$364.4m

Operates an online content community in the People’s Republic of China.

China State Construction Development Holdings

Market Cap: HK$2.8b

An investment holding company, engages in the general contracting business in Hong Kong and internationally.

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.

Orion

Market Cap: US$348.7m

Engages in the manufacture and sale of carbon black products.

Dentium

Market Cap: ₩482.9b

Manufactures and sells dental medical instrument worldwide.

Desktop

Market Cap: R$1.7b

Provides fixed telephony, broadband internet, and pay television services in Brazil.

YesAsia Holdings

Market Cap: HK$2.4b

An investment holding company, engages in trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products.

Olympic Steel

Market Cap: US$309.5m

Processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico.

Sisram Medical

Market Cap: HK$2.3b

Engages in the research, design, development, manufacture, sale, and marketing of medical aesthetics and dental equipment, home use devices, injectables, and cosmeceuticals products in the Asia Pacific, Europe, North America, Latin America, the Middle East, and Africa.

E1

Market Cap: ₩419.8b

Imports, stores, trades, and sells liquefied petroleum gas (LPG) in South Korea.

Carote

Market Cap: HK$2.3b

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.

Iochpe-Maxion

Market Cap: R$1.6b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

SUNIC SYSTEM

Market Cap: ₩410.5b

Manufactures and sells OLED deposition equipment and semiconductor vacuum equipment in Korea.

Serabi Gold

Market Cap: UK£211.3m

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

Abeona Therapeutics

Market Cap: US$283.6m

A clinical-stage biopharmaceutical company, develops gene and cell therapies for life-threatening diseases.

Gambling.com Group

Market Cap: US$274.3m

Operates as a performance marketing company for the online gambling industry in North America, the United Kingdom, Ireland, rest of Europe, and internationally.

EVA Precision Industrial Holdings

Market Cap: HK$2.1b

An investment holding company, provides precision manufacturing services in the People’s Republic of China, Vietnam, and Mexico.

ASA International Group

Market Cap: UK£200.0m

Operates as a microfinance institution in Asia and Africa.

Reach

Market Cap: UK£195.6m

Operates as commercial news publisher in the United Kingdom, rest of Europe, and internationally.

Angler Gaming

Market Cap: €221.2m

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

Central Omega Resources

Market Cap: Rp4.3t

Engages in the mineral mining business in Indonesia.

GOLFZON

Market Cap: ₩361.5b

Engages in the manufacture and sale of golf simulators in South Korea and internationally.

Vista Land & Lifescapes

Market Cap: ₱14.1b

An investment holding company, operates as an integrated property developer and homebuilder in the Philippines.

Hwaseung Enterprise

Market Cap: ₩342.3b

Manufactures and sells shoes for sporting goods.

Solar

Market Cap: DKK 1.5b

Operates as a sourcing and services company in electrical, heating and plumbing, ventilation, and climate and energy solutions in the Danish, Swedish, Norwegian, and Dutch markets.

Secure Trust Bank

Market Cap: UK£173.2m

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

Ceragon Networks

Market Cap: US$224.7m

Provides wireless transport solutions for cellular operators and other wireless service providers in North America, Europe, Africa, the Asia Pacific, the Middle East, India, and Latin America.