Global Undervalued based on future growth

LX International

Market Cap: ₩1.6t

Engages in the trading business in Korea and internationally.

TF Bank

Market Cap: SEK 10.2b

A digital credit and payment platform, provides consumer banking services and e-commerce solutions in Sweden.

Collegium Pharmaceutical

Market Cap: US$1.1b

A specialty pharmaceutical company, engages in the development and commercialization of medicines for pain management.

Orient Commercial Bank

Market Cap: ₫28.6t

Provides banking products and services in Vietnam.

Alvotech

Market Cap: US$1.1b

Through its subsidiaries, develops and manufactures biosimilar medicines for patients worldwide.

John Keells Holdings

Market Cap: LK₨336.1b

Operates in the leisure, transportation, retail, consumer food, property, financial services, IT and innovation, and plantation services sectors in Sri Lanka, rest of Asia, Europe, and internationally.

Cardinal Infrastructure Group

Market Cap: US$1.1b

A civil contracting company, provides infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets in the United States.

Zhejiang Cayi Vacuum Container

Market Cap: CN¥7.4b

Engages in the research, development, design, production, and sale of beverage and food containers of various materials in China and internationally.

GS Retail

Market Cap: ₩1.6t

Operates convenience stores and supermarkets in South Korea.

Duc Giang Chemicals Group

Market Cap: ₫28.1t

Manufactures industrial products in Vietnam.

Kumho Tire

Market Cap: ₩1.6t

Engages in the manufacture and sale of tires in South Korea, Europe, North America, Central and South America, Asia, and internationally.

AcadeMedia

Market Cap: SEK 10.0b

Operates as an independent education provider in Sweden, Finland, Norway, the Netherlands, and Germany.

Çimsa Çimento Sanayi ve Ticaret

Market Cap: ₺47.0b

Engages in the production and sale of cement and building materials primarily in Turkey.

Upbound Group

Market Cap: US$1.1b

A technology and data-driven company, provides financial solutions in the United States, Puerto Rico, and Mexico.

Ujjivan Small Finance Bank

Market Cap: ₹98.0b

Provides various banking and financial services in India.

Azzas 2154

Market Cap: R$5.6b

Engages in the development and marketing of women's, men's and children's footwear, handbags, accessories, and clothing in Brazil and internationally.

Hokuetsu

Market Cap: JP¥168.6b

Manufactures and sells paper products in Japan, the rest of Asia, North America, and internationally.

SHIFT

Market Cap: JP¥168.6b

Provides software quality assurance and testing solutions in Japan.

Kanadevia

Market Cap: JP¥168.4b

Engages in the design, manufacture, installation, sale, repair and maintenance of environmental equipment, plants, machinery, and infrastructure facilities in Japan, Europe, Asia, North America, Middle East, and internationally.

PT. Mitra Adiperkasa

Market Cap: Rp17.9t

Engages in the retail trade of clothing, accessories, bags, and sports equipment in Indonesia, Vietnam, the Philippines, Thailand, and internationally.

First Mid Bancshares

Market Cap: US$1.0b

A financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States.

South Indian Bank

Market Cap: ₹96.5b

Provides various banking products and services in India.

Bank Tabungan Negara (Persero)

Market Cap: Rp17.5t

Provides various banking products and services in Indonesia.

Fideicomiso Irrevocable No. 7401

Market Cap: Mex$18.6b

Engages in acquiring and owning real estate properties for developing and leasing industrial properties in Mexico.

Aebi Schmidt Holding

Market Cap: US$1.0b

Develops and manufactures special-purpose vehicles and attachments.

Old Second Bancorp

Market Cap: US$1.0b

Operates as the bank holding company for Old Second National Bank that provides community banking services in the United States.

Heritage Financial

Market Cap: US$1.0b

Operates as the bank holding company for Heritage Bank that provides various financial services to small and medium sized businesses and its owners in the United States.

OceanFirst Financial

Market Cap: US$1.0b

Operates as the bank holding company for OceanFirst Bank N.A.

Viridien Société anonyme

Market Cap: €884.4m

Provides data, products, services, and solutions in Earth science, data science, sensing, and monitoring in North America, Latin America, the Central and South Americas, Europe, Africa, the Middle East, and the Asia Pacific.

AirAsia X Berhad

Market Cap: RM 4.0b

Provides long haul air transportation services under the AirAsia brand in Malaysia, Thailand, and Indonesia.

PennyMac Mortgage Investment Trust

Market Cap: US$1.0b

Through its subsidiary, primarily invests in residential mortgage-related assets in the United States.

China Education Group Holdings

Market Cap: HK$7.9b

An investment holding company, operates private higher and secondary vocational education institutions in Mainland China and Australia.

ChenGuang Biotech Group

Market Cap: CN¥7.0b

Develops and produces natural colors, spice extracts and essential oils, nutritional and pharmaceutical extracts, and oils and protein.

Map Aktif Adiperkasa

Market Cap: Rp17.1t

Operates as a sporting goods retailer in Indonesia.

Tianneng Power International

Market Cap: HK$7.9b

An investment holding company, engages in the research, development, manufacture, and sale of power batteries for electric vehicle market in the People’s Republic of China and internationally.

Sarawak Oil Palms Berhad

Market Cap: RM 4.0b

An investment holding company, engages in the cultivation, processing, refining, and trading of palm products and operates palm oil mills in Malaysia, the Asia Pacific, and internationally.