Global Undervalued based on future growth

ALEC Holdings PJSC

Market Cap: د.إ6.8b

Operates as a construction company in the United Arab Emirates.

Pan Ocean

Market Cap: ₩2.7t

Provides marine transportation and other related services worldwide.

Fujian Highton Development

Market Cap: CN¥12.6b

Engages in the coastal and international ocean dry bulk cargo transportation business in China and internationally.

Columbia Financial

Market Cap: US$1.8b

Operates as a bank holding company for Columbia Bank that provides banking and other financial services to businesses and consumers in the United States.

Lucky Cement

Market Cap: PK₨508.0b

Manufactures and markets cement in Pakistan.

Strategic Education

Market Cap: US$1.8b

Provides education services through campus-based and online post-secondary education, and programs to develop job-ready skills.

AB Electrolux

Market Cap: SEK 16.9b

Develops, manufactures, and sells household appliances.

Hacksaw

Market Cap: SEK 16.8b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

Kunshan Huguang Auto HarnessLtd

Market Cap: CN¥12.3b

Engages in the research and development, production, and sales of wiring harnesses for passenger vehicles in China.

Northwest Bancshares

Market Cap: US$1.8b

Operates as the bank holding company for Northwest Bank, a state-chartered savings bank that provides personal and commercial banking solutions in Pennsylvania, New York, Ohio, and Indiana in the United States.

Patria Investments

Market Cap: US$1.8b

Operates as a private market investment firm.

CoreCivic

Market Cap: US$1.8b

Owns and operates partnership correctional, detention, and residential reentry facilities in the United States.

Nigerian Breweries

Market Cap: ₦2.4t

Engages in brewing, marketing, and selling of lager, stout, non-alcoholic malt drinks, and soft drinks in Nigeria.

iM Financial Group

Market Cap: ₩2.6t

Through its subsidiaries, engages in the provision of various banking products and services in South Korea.

Capri Global Capital

Market Cap: ₹163.4b

A non-banking financial company, provides financial services in India.

Wüstenrot & Württembergische

Market Cap: €1.5b

Provides insurance products and services in Germany.

National Bank Holdings

Market Cap: US$1.7b

Operates as the bank holding company for NBH Bank that provides various banking products and financial services to commercial, business, and consumer clients in the United States.

Kemper

Market Cap: US$1.7b

An insurance holding company, provides insurance products in the United States.

Burford Capital

Market Cap: US$1.7b

Provides legal finance products and services worldwide.

Bangchak Corporation

Market Cap: ฿55.9b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Himax Technologies

Market Cap: US$1.7b

A fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, Korea, Japan, the United States, and internationally.

Brigade Enterprises

Market Cap: ₹158.9b

Engages in the provision of real estate development, leasing, and related services in India.

DEUTZ

Market Cap: €1.5b

Develops, manufactures, and sells diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

Atalaya Mining Copper

Market Cap: UK£1.3b

Engages in the mineral exploration and development in Spain.

Tokuyama

Market Cap: JP¥271.7b

Produces and sells various chemical products in Japan.

Savills

Market Cap: UK£1.3b

Engages in the provision of real estate services in the United Kingdom, Continental Europe, the Asia Pacific, Africa, North America, and the Middle East.

Newborn Town

Market Cap: HK$13.3b

An investment holding company, engages in the social networking business worldwide.

Qingdao Baheal Medical

Market Cap: CN¥11.7b

Engages in the research and development, production, wholesale, and retail of pharmaceutical products in China, the United States, Hong Kong, and the United Kingdom.

Jiangsu Jiangyin Rural Commercial BankLTD

Market Cap: CN¥11.6b

Jiangsu Jiangyin Rural Commercial Bank Co.,LTD.

Al Salam Bank B.S.C

Market Cap: ب.د636.9m

Provides banking products and services to retail, private, and corporate customers in Bahrain and Seychelles.

Precision Tsugami (China)

Market Cap: HK$13.1b

An investment holding company, manufactures and sells computer numerical control machine tools primarily in Mainland China.

Eurocommercial Properties

Market Cap: €1.5b

A Euronext-quoted property investment company and one of Europe’s shopping centre specialists.

Acen

Market Cap: ₱99.9b

Engages in the power generation and trading activities in the Philippines and internationally.

China Express AirlinesLTD

Market Cap: CN¥11.5b

Engages in the air passenger and cargo transportation business in China.

STEF

Market Cap: €1.4b

Provides temperature-controlled road transport and logistics services for agri-food industry, and out-of-home foodservices.

SpareBank 1 Nord-Norge

Market Cap: NOK 16.0b

Provides banking services in Northern Norway.