Global Undervalued based on future growth

Dong-A Socio Holdings

Market Cap: ₩684.1b

Engages in the pharmaceutical business in South Korea.

Binggrae

Market Cap: ₩682.6b

Engages in production and sale of dairy products in South Korea and internationally.

GeoPark

Market Cap: US$453.8m

Operates as an oil and natural gas exploration and production company in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries.

Heidelberger Druckmaschinen

Market Cap: €396.2m

Manufactures, sells, and deals in printing presses and other print media industry products in Europe, the Middle East, Africa, the Asia Pacific, and the Americas.

adesso

Market Cap: €395.6m

Provides IT services in Germany, Austria, Switzerland, and internationally.

Enity Holding

Market Cap: SEK 4.3b

Engages in providing mortgage services to individuals and communities in Sweden, Norway, and Finland.

Raya Holding Company for Financial Investments (S.A.E)

Market Cap: ج.م23.5b

Operates in information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, E-payments, and non-banking financial services fields in Egypt and internationally.

Mistras Group

Market Cap: US$447.4m

Provides technology-enabled industrial asset integrity and laboratory testing solutions in the United States Europe, the Middle East, Africa, Asia, and South America.

Thomas Cook (India)

Market Cap: ₹41.4b

Offers integrated travel services in India and internationally.

BOE Varitronix

Market Cap: HK$3.5b

An investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People’s Republic of China, Europe, the United States, Korea, Japan, and internationally.

Tharisa

Market Cap: R7.6b

An investment holding company, engages in the mining, processing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United Arab Emirates, and internationally.

PayPoint

Market Cap: UK£336.7m

Engages in the provision of payments and banking, shopping, and e-commerce services and products in the United Kingdom.

VersaBank

Market Cap: CA$609.6m

Provides various banking products and services in Canada and the United States.

Pangaea Logistics Solutions

Market Cap: US$443.8m

Provides seaborne dry bulk logistics and transportation services to industrial customers worldwide.

Carter Bankshares

Market Cap: US$442.2m

Operates as the bank holding company for Carter Bank & Trust that provides various retail and commercial banking products and insurance services in the United States.

D&L Industries

Market Cap: ₱26.3b

Provides products for food ingredients, oleochemicals for personal and home care use, raw materials for plastic products, and aerosol products in the Philippines and internationally.

GHCL

Market Cap: ₹40.5b

Manufactures and trading of inorganic chemicals in India and internationally.

LexinFintech Holdings

Market Cap: US$437.5m

Offers online direct sales and online consumer finance services in the People’s Republic of China.

Beximco Pharmaceuticals

Market Cap: ৳53.6b

Manufactures and markets generic pharmaceutical formulations and active pharmaceutical ingredients in Bangladesh.

HD Renewable Energy

Market Cap: NT$14.1b

Engages in the development of solar power generation systems, engineering construction, and maintenances in Taiwan.

SeAH Holdings

Market Cap: ₩654.5b

Engages in the steel materials business in South Korea and internationally.

Global PMX

Market Cap: NT$14.0b

Manufactures, processes, and sells precision metal components for automotive products, hard disk drives, medical equipment, and various industrial products primarily in the United States, China, Germany, France, Italy, and Japan.

Premium Group

Market Cap: JP¥69.1b

Engages in the provision of financing and services worldwide.

Community West Bancshares

Market Cap: US$432.1m

Operates as the bank holding company for the Central Valley Community Bank that provides various commercial banking services to small and middle-market businesses and individuals in California.

Blau Farmacêutica

Market Cap: R$2.3b

A pharmaceutical company provides drug products in Brazil, Argentina, Chile, Colombia, Uruguay, Ecuador, Peru, and the United States.

bpost/SA

Market Cap: €378.0m

Provides mail and parcel services to individuals, businesses, and public institutions in Belgium, rest of Europe, the United States, and internationally.

Newron Pharmaceuticals

Market Cap: CHF 341.3m

A biopharmaceutical company, discovers and develops novel therapies for patients with diseases of the central and peripheral nervous system in Italy and the United States.

LOG Commercial Properties e Participações

Market Cap: R$2.3b

LOG Commercial Properties e Participações S.A.

JINUSHILtd

Market Cap: JP¥68.6b

Engages in the real estate investment business in Japan.

J&V Energy Technology

Market Cap: NT$13.8b

Engages in the development, investment, maintenance, and management of renewable energy plants in Taiwan.

Hanatour Service

Market Cap: ₩641.3b

Engages in the provision of travel and related services in South Korea, Northeast and Southeast Asia, the United States, and Europe.

Elixirr International

Market Cap: UK£322.1m

Through its subsidiaries, provides management consultancy services in the United Kingdom, the United States, and internationally.

Southern First Bancshares

Market Cap: US$425.6m

Operates as the bank holding company for Southern First Bank that provides commercial, consumer, and mortgage loans to the general public in South Carolina, North Carolina, and Georgia.

Heliopolis for Housing & Development

Market Cap: ج.م22.2b

Engages in the real estate development business in Egypt.

Lands' End

Market Cap: US$424.4m

Operates as a digital retailer of apparel, swimwear, outerwear, accessories, footwear, home products, and uniforms in the United States, Europe, and internationally.

Guangzhou Xiao Noodles Catering Management

Market Cap: HK$3.3b

Engages in the self-operated noodle restaurant and manages franchise operations in China and Hong Kong.