Global Undervalued Small Caps With Insider Buying

Hung Hing Printing Group

Market Cap: HK$843.6m

An investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading businesses in the People’s Republic of China, the United States, Hong Kong, the United Kingdom, and internationally.

East West Banking

Market Cap: ₱26.7b

Operates as a commercial bank that provides a range of financial products and services to individual and corporate clients in the Philippines and internationally.

BWP Trust

Market Cap: AU$2.5b

Established and listed on the Australian Securities Exchange (‘ASX’) in 1998, BWP Trust (‘BWP’ or ‘the Trust’) is a real estate investment trust investing in and managing commercial properties throughout Australia.

Bank Danamon Indonesia

Market Cap: Rp24.4t

Provides banking services for retail, small and medium enterprises (SMEs), and corporate customers in Indonesia.

Daiwa House Logistics Trust

Market Cap: S$398.9m

Daiwa House Logistics Trust (“DHLT”) is a Singapore real estate investment trust (“REIT”) established with the investment strategy of principally investing in a portfolio of income-producing logistics and industrial real estate assets located across Asia.

Foschini Group

Market Cap: R35.2b

Operates retail stores in South Africa and internationally.

A.G. BARR

Market Cap: UK£758.6m

Manufactures, distributes, and sells soft drinks and cocktail solutions in the United Kingdom and internationally.

Tandem Diabetes Care

Market Cap: US$845.3m

Designs, develops, and commercializes technology solutions for people living with diabetes in the United States and internationally.

Thryv Holdings

Market Cap: US$565.0m

Provides digital marketing solutions and cloud-based tools to the small-to-medium-sized businesses in the United States.

Angel Oak Mortgage REIT

Market Cap: US$234.3m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

GDI Integrated Facility Services

Market Cap: CA$636.4m

Operates in the outsourced facility services industry in Canada and the United States.

Farmland Partners

Market Cap: US$491.4m

An internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets.

Shore Bancshares

Market Cap: US$574.4m

Operates as a bank holding company for the Shore United Bank, N.A.

PCB Bancorp

Market Cap: US$314.6m

Operates as the bank holding company for PCB Bank that provides various banking products and services to small and middle market businesses and individuals.

Bytes Technology Group

Market Cap: UK£977.2m

Offers software, security, AI, and cloud services in the United Kingdom, Europe, and internationally.

Hemisphere Energy

Market Cap: CA$187.5m

Acquires, explores, develops, and produces petroleum and natural gas properties in Canada.

Morguard North American Residential Real Estate Investment Trust

Market Cap: CA$992.0m

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario.

Industrial Logistics Properties Trust

Market Cap: US$408.6m

ILPT is a real estate investment trust focused on owning and leasing high quality industrial and logistics properties.

Citizens & Northern

Market Cap: US$313.4m

Operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers.

Pizu Group Holdings

Market Cap: HK$2.0b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Tilray Brands

Market Cap: US$1.5b

A lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, the Middle East, Africa, and internationally.

Auburn National Bancorporation

Market Cap: US$90.2m

Operates as the bank holding company for AuburnBank that provides various banking products and services in East Alabama.

Dicker Data

Market Cap: AU$1.6b

Engages in the wholesale distribution of computer hardware, software, and related products for corporate and commercial markets in Australia and New Zealand.

Sagicor Financial

Market Cap: CA$1.1b

Provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States.

CVS Group

Market Cap: UK£881.0m

Engages in veterinary, pet crematoria, online pharmacy, and retail businesses.

Peoples Bancorp

Market Cap: US$1.1b

Operates as the financial holding company for Peoples Bank that provides commercial and consumer banking products and services.

Far East Orchard

Market Cap: S$594.0m

An investment holding company, engages in the hotel operations and property investment activities in Singapore, Australia, the United Kingdom, Japan, Malaysia, Germany, and Denmark.

Kitwave Group

Market Cap: UK£190.1m

Engages in the food and drink wholesale business in the United Kingdom.

OneSpan

Market Cap: US$579.7m

Designs, develops, and markets digital solutions for security, authentication, identity, electronic signature, and digital workflow products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions.

Spear Reit

Market Cap: R3.3b

Spear REIT Limited (“Spear”) listed as a Real Estate Investment Trust (“REIT”) on the main board of the Johannesburg Stock Exchange (“JSE”) and is the only regionally-focused REIT listed on the JSE that predominantly invests in high-quality income-generating assets in the Western Cape.

Instabank

Market Cap: NOK 1.1b

Provides various banking products and services in Norway.

Foxtons Group

Market Cap: UK£167.5m

An estate agency, provides services to the residential property market in the United Kingdom.

Full House Resorts

Market Cap: US$132.2m

Owns, leases, operates, develops, manages, and invests in casinos, and related hospitality and entertainment facilities in the United States.

Oxford Instruments

Market Cap: UK£1.1b

Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations in the United Kingdom and internationally.

Baazar Style Retail

Market Cap: ₹29.9b

Engages in the business of retailing various apparel and non-apparel consumer products in India.

SHAPE Australia

Market Cap: AU$331.0m

Engages in the construction, fitout, and refurbishment of commercial properties in Australia.