Global Undervalued based on future growth

Shuangdeng Group

Market Cap: HK$5.4b

Provides energy storage solutions in China.

Mersen

Market Cap: €605.0m

Manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally.

Beauty Farm Medical and Health Industry

Market Cap: HK$5.4b

Beauty Farm Medical and Health Industry Inc.

Indian Metals and Ferro Alloys

Market Cap: ₹63.6b

Engages in the production and sale of ferro chrome in India and internationally.

Nichiha

Market Cap: JP¥109.7b

Manufactures and markets exterior and interior building products for residential, and commercial and public facilities in Japan and internationally.

Tong Ren Tang Technologies

Market Cap: HK$5.4b

Produces and distributes Chinese medicine products in Mainland China and Hong Kong.

Qunabox Group

Market Cap: HK$5.4b

Provides marketing services, merchandise sales, and other services in Mainland China.

LEPU ScienTech Medical Technology (Shanghai)

Market Cap: HK$5.4b

An investment holding company, engages in the manufacture and sale of interventional treatment series occluders for defective congenital heart disease.

Granite Ridge Resources

Market Cap: US$681.0m

Operates as a non-operated oil and natural gas exploration and production company.

HangzhouS MedTech

Market Cap: CN¥4.7b

Engages in the research, development, production, sale, and service of endoscopic minimally invasive diagnostic and therapeutic instruments in China and internationally.

Power Mech Projects

Market Cap: ₹62.7b

Provides services in power and infrastructure sectors in India and internationally.

Hartadinata Abadi

Market Cap: Rp11.5t

Manufactures and sells gold jewelry in Indonesia.

Green Tea Group

Market Cap: HK$5.3b

Operates casual Chinese restaurants in Mainland China.

Da-Li DevelopmentLtd

Market Cap: NT$21.7b

Engages in the construction business in Taiwan and the United States.

AECI

Market Cap: R11.4b

Provides products and services for mining, water treatment, plant and animal health, food and beverage, manufacturing, and general industrial sectors.

Ancara Logistics Indonesia

Market Cap: Rp11.4t

Engages in the sea transportation, transshipment, and intermediate stockpile services in Indonesia.

Construtora Tenda

Market Cap: R$3.6b

Operates as a construction company in Brazil.

Grenke

Market Cap: €585.8m

Provides financial services to small and medium-sized (SME) enterprises in Germany, France, Italy, and internationally.

Sligro Food Group

Market Cap: €585.8m

Engages in the foodservice businesses in the Netherlands and Belgium.

Next Geosolutions Europe

Market Cap: €585.6m

Provides marine geoscience and offshore construction support services in Europe, Asia, and North America.

Merry Electronics

Market Cap: NT$21.5b

Engages in the manufacture, processing, repair, and sale of electric appliances and audiovisual electric products in the United States, Taiwan, Europe, the Mainland China, and internationally.

Loctek Ergonomic Technology

Market Cap: CN¥4.6b

Researches and develops, manufactures, and sells smart home and healthy office products in China and internationally.

Kirloskar Ferrous Industries

Market Cap: ₹61.6b

Manufactures and sells iron castings, seamless tubes, and engineering steels in India and internationally.

Lotte WellfoodLtd

Market Cap: ₩998.2b

Engages in the manufacture and sale of various confectionery products in South Korea and internationally.

MCAN Mortgage

Market Cap: CA$910.7m

Operates as a loan and mortgage investment corporation in Canada.

Regal Partners

Market Cap: AU$946.5m

A privately owned hedge fund sponsor.

South Plains Financial

Market Cap: US$660.6m

Operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals.

Piaggio & C

Market Cap: €577.0m

Engages in development, manufacture, and distribution of two-wheeler and commercial motor vehicles.

Séché Environnement

Market Cap: €576.2m

Engages in the management, recovery, and treatment of waste products for industrial and corporate customers, and local authorities in France, Southern Africa, Latin America, Europe, and Asia.

Alaris Equity Partners Income Trust

Market Cap: CA$900.4m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

SP Group

Market Cap: DKK 4.3b

Manufactures and sells moulded plastic and composite components in Denmark, rest of Europe, the Americas, Asia, the Middle East, Australia, and Africa.

SBO

Market Cap: €568.1m

Manufactures and sells steel products worldwide.

Karrie International Holdings

Market Cap: HK$5.1b

An investment holding company, manufactures and sells metal, plastic, and electronic products in Hong Kong, Japan, Mainland China, Asia, North America, and Western Europe.

Systems

Market Cap: PK₨180.3b

Engages in the software development and trading, hardware, and business process outsourcing (BPO) service businesses in Pakistan, North America, the Middle East, Africa, Europe, the Asia Pacific, and internationally.

Merida Industry

Market Cap: NT$20.7b

Manufactures and sells bicycles and components in Taiwan, China, Hong Kong, Japan, and Europe.

Atal

Market Cap: zł2.4b

Engages in the construction and sale of residential real estate and the rental of commercial real estate in Poland.