Global Inefficient Market Opportunities

YSB

Market Cap: HK$3.9b

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

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

Market Cap: ج.م26.1b

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.

Tianli International Holdings

Market Cap: HK$3.7b

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

Plano & Plano Desenvolvimento Imobiliário

Market Cap: R$2.4b

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

Caledonia Mining

Market Cap: US$475.1m

Primarily operates a gold mine in Jersey.

BFF Bank

Market Cap: €393.3m

Engages in non-recourse factoring and credit management activities towards public administration bodies and private hospitals in Italy, Croatia, the Czech Republic, France, Greece, Poland, Portugal, Slovakia, and Spain.

TOYO

Market Cap: US$456.7m

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.

Fauji Cement

Market Cap: PK₨122.7b

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

Man Industries (India)

Market Cap: ₹41.2b

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

H.G. Infra Engineering

Market Cap: ₹39.3b

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

AutoCanada

Market Cap: CA$535.1m

Through its subsidiaries, operates franchised automobile dealerships and related business.

Guangzhou Xiao Noodles Catering Management

Market Cap: HK$3.0b

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

HANDSOME

Market Cap: ₩555.2b

Manufactures and sells women’s apparel in Korea, China, and Europe.

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.

Autosports Group

Market Cap: AU$511.3m

Engages in the motor vehicle retailing business in Australia and New Zealand.

Concord New Energy Group

Market Cap: HK$2.8b

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

PC1 Group

Market Cap: ₫9.2t

Engages in the construction, industrial production, real estate, energy, trading, exploitation and operation of industrial zone, mining, and other businesses in Vietnam.

Lippo Karawaci

Market Cap: Rp6.0t

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

Ventura Offshore Holding

Market Cap: NOK 3.2b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Sylvania Platinum

Market Cap: UK£253.6m

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

Inspur Digital Enterprise Technology

Market Cap: HK$2.6b

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.

Next 15 Group

Market Cap: UK£247.8m

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.

Bonduelle

Market Cap: €279.5m

Engages in the provision of plant-based food in Europe and internationally.

SIGA Technologies

Market Cap: US$324.5m

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

Village Farms International

Market Cap: US$323.4m

Produces, markets, and distributes greenhouse grown tomatoes, bell peppers, and cucumbers in North America.

Loadstar Capital K.K

Market Cap: JP¥50.9b

Engages in the real estate investment business in Japan.

Winton Land

Market Cap: NZ$542.8m

Engages in the real estate business in New Zealand and Australia.

Regina Miracle International (Holdings)

Market Cap: HK$2.5b

An investment holding company, designs, manufactures, and trades in a range of intimate wear and sports products.

Ânima Holding

Market Cap: R$1.6b

Offers education services in Brazil.

Aurelia Metals

Market Cap: AU$431.8m

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

Aeris Resources

Market Cap: AU$431.0m

Explores, produces, and sells precious metals in Australia.

EFC (I)

Market Cap: ₹28.4b

Engages in real estate leasing business in India.

ACCO Brands

Market Cap: US$299.8m

Designs, manufactures, and markets consumer, school, technology, and office products in the United States, Canada, Brazil, Mexico, Chile, Europe, the Middle East, Australia, New Zealand, and Asia.

Organogenesis Holdings

Market Cap: US$299.7m

A regenerative medicine company, develops, manufactures, and commercializes products for the advanced wound care, and surgical and sports medicine markets in the United States.

Angler Gaming

Market Cap: €249.0m

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

Zibuyu Group

Market Cap: HK$2.3b

An investment holding company, operates as a cross-border e-commerce company in China in North America, Asia, Europe, and internationally.