Global Undervalued based on future growth

Interloop

Market Cap: PK₨109.5b

Manufactures and exports hosiery, denim, knitted apparel, and seamless activewear products in Pakistan, Australia, Asia, Europe, and the United States.

Ashtead Technology Holdings

Market Cap: UK£296.3m

Provides subsea equipment rental solutions for the offshore energy sector in Europe, the Americas, the Asia-Pacific, and the Middle East.

Ontex Group

Market Cap: €343.0m

Develops, produces, and supplies personal hygiene products and solutions for baby, feminine, and adult care in Belgium, the United Kingdom, Italy, the United States, France, Poland, and internationally.

Unilever Nigeria

Market Cap: ₦540.0b

Manufactures and markets food, home care, and beauty and personal care products primarily in Nigeria and internationally.

Tegma Gestão Logística

Market Cap: R$2.1b

Provides logistics management, transportation, and storage services in Brazil.

Northern Arc Capital

Market Cap: ₹36.0b

Operates as a non-banking financial company in India.

Myoung Shin IndustrialLtd

Market Cap: ₩581.4b

Engages in the manufacture and sale of automobile body parts in South Korea.

Central Asia Metals

Market Cap: UK£294.5m

Operates as a base metals producer.

Sun.King Technology Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades in power electronic components for use in power transmission and distribution, electrified transportation, industrial, and other sectors in the People’s Republic of China.

Citizens & Northern

Market Cap: US$388.0m

Operates as the bank holding company for Citizens & Northern Bank that provides various banking and related services to individual and corporate customers.

Lim Seong Hai Capital Berhad

Market Cap: RM 1.5b

An investment holding company, engages in the distribution and retail of building materials, lighting products and related mechanical and electrical products and services in Malaysia.

Aspirasi Hidup Indonesia

Market Cap: Rp6.5t

Engages in the retail of home improvement products in Indonesia.

Norcros

Market Cap: UK£291.5m

Designs and supplies bathroom and kitchen products in the United Kingdom, Ireland, and South Africa.

Great Giant Fibre Garment

Market Cap: NT$12.3b

Engages in manufacturing and selling garments and textiles in Taiwan.

Fiverr International

Market Cap: US$382.3m

Operates an online marketplace worldwide.

Camil Alimentos

Market Cap: R$2.0b

Engages in processing, production, packaging, and marketing of food products.

ITAB Shop Concept

Market Cap: SEK 3.6b

Develops, manufactures, sells, and installs store concepts for retail chain stores.

Aeris Resources

Market Cap: AU$532.7m

Explores, produces, and sells precious metals in Australia.

Puradelta Lestari

Market Cap: Rp6.4t

Engages in the residential, commercial, and industrial real estate businesses in Indonesia.

UNID

Market Cap: ₩557.7b

Manufactures and sells potassium based chemical products in South Korea and internationally.

E1

Market Cap: ₩555.0b

Imports, stores, trades, and sells liquefied petroleum gas (LPG) in South Korea.

Vanquis Banking Group

Market Cap: UK£281.0m

Engages in the provision of personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland.

YSB

Market Cap: HK$2.9b

Develops digital pharmaceutical platform for pharmaceutical companies, distributors, vendors, pharmacies, and primary healthcare institutions in China.

Investar Holding

Market Cap: US$369.2m

Operates as the bank holding company for Investar Bank that provides a range of commercial banking products to individuals, professionals, and small to medium-sized businesses in south Louisiana, southeast Texas, and Alabama in the United States.

Auna

Market Cap: US$368.6m

A healthcare service provider, operates hospitals and clinics in Mexico, Peru, and Colombia.

James Fisher and Sons

Market Cap: UK£278.2m

Operates as an engineering services company worldwide.

Alto Ingredients

Market Cap: US$367.2m

Produces, distributes, and markets specialty alcohols, renewable fuel, and essential ingredients in the United States.

Zhou Hei Ya International Holdings

Market Cap: HK$2.9b

An investment holding company, produces, markets, and retails casual braised food in the People’s Republic of China and Malaysia.

Dine Brands Global

Market Cap: US$366.9m

Owns, franchises, and operates restaurants in the United States and internationally.

Pollard Banknote

Market Cap: CA$503.5m

Engages in the manufacture and sale of lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Mattr

Market Cap: CA$502.5m

Operates as a materials technology company that serves the transportation, communication, water management, and energy and electrification markets in Canada, the United States, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Aramis Group SAS

Market Cap: €320.1m

Engages in the online sale of used vehicles in France, Belgium, the United Kingdom, Austria, Italy, and Spain.

WONIK MaterialsLtd

Market Cap: ₩544.7b

Manufactures and sells specialty gases in South Korea, China, and internationally.

GlaxoSmithKline Pakistan

Market Cap: PK₨101.7b

Operates as a biopharma company in Pakistan.

Yuexiu Services Group

Market Cap: HK$2.8b

An investment holding company, provides property management services in Mainland China and Hong Kong.

Accent Group

Market Cap: AU$514.0m

Engages in the retail, distribution, and franchise of lifestyle footwear, apparel, and accessories in Australia and New Zealand.