Global Inefficient Market Opportunities

Crowell Development

Market Cap: NT$13.7b

Engages in the construction of commercial and residential buildings for rental and sale in Taiwan.

Credit Agricole - Egypt Bank (S.A.E.)

Market Cap: ج.م21.9b

Provides corporate, retail, and investment banking services in the Arab Republic of Egypt and internationally.

Lavvi Empreendimentos Imobiliários

Market Cap: R$2.4b

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

Orezone Gold

Market Cap: CA$581.1m

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

RWS Holdings

Market Cap: UK£308.8m

Provides technology-enabled language, content, and intellectual property (IP) services in the United Kingdom, Continental Europe, the United States, and internationally.

E1

Market Cap: ₩567.2b

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

Movida Participações

Market Cap: R$2.3b

Through its subsidiaries, provides car rental services in Brazil.

SeAH Holdings

Market Cap: ₩550.1b

Engages in the steel materials business in South Korea and internationally.

Caledonia Mining

Market Cap: US$394.6m

Primarily operates a gold mine in Jersey.

Solstad Offshore

Market Cap: NOK 3.8b

Owns and operates offshore service vessels.

Moura Dubeux Engenharia

Market Cap: R$2.0b

Provides real estate development services in Brazil.

Carote

Market Cap: HK$2.9b

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.

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.

T&L

Market Cap: ₩489.2b

Engages in the manufacture and sale of medical and polymer material products in South Korea.

Digital Value

Market Cap: €300.4m

Provides IT solutions and services in Italy.

Interloop

Market Cap: PK₨99.3b

Manufactures and exports hosiery products in Pakistan, Australia, Asia, Europe, and the United Sates.

HAESUNG DS

Market Cap: ₩479.4b

Manufactures and sells semiconductor components in South Korea and internationally.

Cruzeiro do Sul Educacional

Market Cap: R$1.8b

Provides education services in Brazil.

Onity Group

Market Cap: US$307.0m

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.

Bankwell Financial Group

Market Cap: US$290.0m

Operates as the bank holding company for Bankwell Bank that provides various banking services for individual and commercial customers.

Himalaya Shipping

Market Cap: NOK 2.9b

Provides dry bulk shipping services worldwide.

Ânima Holding

Market Cap: R$1.6b

Operates as an education organization in Brazil.

Tourism Holdings

Market Cap: NZ$479.8m

Operates as a tourism company worldwide.

VIB Vermögen

Market Cap: €238.0m

Engages in the development, acquisition, and management of commercial real estate properties in Germany.

KAP

Market Cap: R4.7b

Engages in industrial, chemical, and logistics businesses in South Africa, rest of Africa, the Americas, Europe, the Middle East, and Australasia.

D.G. Khan Cement

Market Cap: PK₨73.7b

Produces and sells clinker, low alkali cement, and ordinary Portland and sulphate resistant cement in Pakistan.

Magna Mining

Market Cap: CA$353.6m

Engages in the acquisition, exploration, and development of mineral properties in Canada.

CJ Freshway

Market Cap: ₩350.8b

Engages in the distribution of food materials in Korea and internationally.

Mistras Group

Market Cap: US$251.0m

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

Sisram Medical

Market Cap: HK$2.0b

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.

Nampak

Market Cap: R4.4b

Engages in the manufacture and sale of packaging products in South Africa and rest of Africa.

Hexaom

Market Cap: €208.3m

Engages in the home building and renovation businesses in France.

Esprinet

Market Cap: €206.7m

Engages in the wholesale distribution of information technology (IT) products and consumer electronics in Italy, Spain, Portugal, and rest of Europe.

Sylvania Platinum

Market Cap: UK£177.9m

Engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa.

Goodbaby International Holdings

Market Cap: HK$1.9b

An investment holding company, researches and develops, designs, manufactures, markets, and sells durable juvenile products in the People's Republic of China, Europe, the Middle East, Africa, the United States, and Asia Pacific.

First Internet Bancorp

Market Cap: US$238.0m

Operates as the bank holding company for First Internet Bank of Indiana that provides various commercial, small business, consumer, and municipal banking products and services to individuals and commercial customers in the United States.