Global Undervalued based on future growth

Mari Energies

Market Cap: PK₨721.1b

Explores for, produces, and sells hydrocarbons in Pakistan.

Lafarge Africa

Market Cap: ₦3.5t

Manufactures, markets, and sells cement and other cementitious products in Nigeria.

Diebold Nixdorf

Market Cap: US$2.6b

Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.

Shawbrook Group

Market Cap: UK£1.9b

Through its subsidiary, Shawbrook Bank Limited, provides lending and savings products and services to private and business customers in the United Kingdom.

OYAK Çimento Fabrikalari

Market Cap: ₺113.4b

Engages in the production and sale of clinker and cement in Turkey.

Beijing Jingneng Clean Energy

Market Cap: HK$20.0b

Generates gas-fired power and heat energy, wind power, photovoltaic power, and hydropower in Mainland China and internationally.

Colbún

Market Cap: CL$2.3t

Operates as an electric energy generating company.

Zhongsheng Group Holdings

Market Cap: HK$19.8b

An investment holding company, engages in the sale and service of motor vehicles in the People's Republic of China.

Shiga Bank

Market Cap: JP¥400.9b

Provides various banking products and services primarily in Japan.

Ningbo Boway Alloy Material

Market Cap: CN¥17.3b

Researches, develops, manufactures, and sells non-ferrous alloy materials in Asia, Europe, North America, and internationally.

Fuyo General Lease

Market Cap: JP¥397.2b

Engages in the leasing and instalment sales business in Japan and internationally.

RH

Market Cap: US$2.5b

Operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain.

Youngone

Market Cap: ₩3.7t

Engages in the manufacture and sale of clothing, shoes, and supplies market worldwide.

GPS Participações e Empreendimentos

Market Cap: R$12.8b

Together its subsidiaries, engages in the provision of facilities, security, logistics, utility engineering, industrial service, catering, and infrastructure services in Brazil.

Migros Ticaret

Market Cap: ₺108.1b

Engages in the retail sale of food and beverages, consumer, and durables goods in Turkey.

TAV Havalimanlari Holding

Market Cap: ₺106.9b

TAV Havalimanlari Holding A.S., together with its subsidiaries, constructs terminal buildings, and manages and operates terminals or airports in Turkey, Georgia, Kazakhstan, Macedonia, Tunisia, Croatia, Oman, Latvia, Spain, Qatar, Saudi Arabia, and internationally.

Beacon Financial

Market Cap: US$2.4b

Operates as the bank holding company for Beacon Bank & Trust that provides various banking services in New England, New York, the United States, and internationally.

Crane NXT

Market Cap: US$2.4b

Operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers’ important assets.

OPmobility

Market Cap: €2.1b

Designs and produces intelligent exterior systems, customized complex modules, lighting systems, energy storage systems, and electrification solutions for all mobility players in Europe, North America, China, rest of Asia, South America, the Middle East, and Africa.

Kinetic Development Group

Market Cap: HK$18.9b

An investment holding company, engages in the extraction and sale of coal products in the People’s Republic of China.

AT & S Austria Technologie & Systemtechnik

Market Cap: €2.1b

Manufactures, distributes, and sells printed circuit boards in Austria, Germany, rest of Europe, China, rest of Asia, and the Americas.

West African Resources

Market Cap: AU$3.4b

Engages in the mining, mineral processing, acquisition, exploration, and project development of gold projects in West Africa.

MBC Group

Market Cap: ر.س8.9b

Operates as a media and entertainment company in the United Arab Emirates, Saudi Arabia, Egypt, Iraq, North Africa, and internationally.

Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi

Market Cap: ₺105.0b

Engages in the production, bottling, distribution, marketing, and sale of beer, malt, non-carbonated, and non-alcoholic beverages in Turkey and internationally.

China Lesso Group Holdings

Market Cap: HK$18.6b

An investment holding company, manufactures piping and building materials in China and internationally.

Andersons

Market Cap: US$2.4b

Operates as an agriculture and renewable fuels company in the United States, Canada, Mexico, and internationally.

Archi Indonesia

Market Cap: Rp39.7t

Through its subsidiaries, engages in the mining, trading, and processing of gold properties in Indonesia.

BioCryst Pharmaceuticals

Market Cap: US$2.3b

A biotechnology company, developing and commercializing medicines for hereditary angioedema (HAE) and other rare diseases.

Nanjing King-Friend Biochemical PharmaceuticalLtd

Market Cap: CN¥16.0b

Nanjing King-Friend Biochemical Pharmaceutical Co.,Ltd.

DB HiTek

Market Cap: ₩3.4t

DB HiTek Co.,Ltd. engages in semiconductor foundry business in South Korea.

Windey Energy Technology Group

Market Cap: CN¥15.8b

Researches, develops, manufactures, and sells wind turbines in China.

Verallia Société Anonyme

Market Cap: €2.0b

Manufactures and sells glass packaging products for beverages and food products worldwide.

Husqvarna

Market Cap: SEK 21.2b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

Equity Group Holdings

Market Cap: KSh294.3b

Provides financial products and services in Kenya, the Democratic Republic of Congo, Rwanda, Uganda, Tanzania, South Sudan, and Ethiopia.

Customers Bancorp

Market Cap: US$2.3b

Operates as the bank holding company for Customers Bank that provides banking products and services.

Huaihe Energy (Group)Ltd

Market Cap: CN¥15.6b

Engages in the logistics and trade business in China.