Global Undervalued based on future growth

NewtekOne

Market Cap: US$338.2m

Operates as the bank holding company for Newtek Bank, National Association that provides various business and financial solutions under the Newtek and NewtekOne brands to the small- and medium-sized business market.

Plumas Bancorp

Market Cap: US$337.1m

Operates as the bank holding company for the Plumas Bank that provides various banking products and services for small and middle market businesses and individuals in California, Nevada, and Oregon.

AutoCanada

Market Cap: CA$462.9m

Through its subsidiaries, operates franchised automobile dealerships and related business.

Secure Trust Bank

Market Cap: UK£253.1m

Provides banking and financial products and services in the United Kingdom.

Protec

Market Cap: ₩499.5b

Manufactures and sells semiconductor packaging equipment and automated pneumatic parts in South Korea.

China Kepei Education Group

Market Cap: HK$2.6b

An investment holding company, provides private vocational education services focusing on profession-oriented and vocational education in the People’s Republic of China.

Sword Group

Market Cap: €292.4m

Provides IT and software solutions.

Sylvania Platinum

Market Cap: UK£252.1m

Engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa.

Nagano Keiki

Market Cap: JP¥53.0b

Manufactures and sells pressure gauges and sensors, measurement and control equipment, and other products in Japan and internationally.

Komehyo HoldingsLtd

Market Cap: JP¥52.9b

Engages in the purchase and sale of used and new products through stores in Japan.

North American Construction Group

Market Cap: CA$456.1m

Provides mining and heavy civil construction services to customers in the resource development and industrial construction sectors in Australia, Canada, and the United States.

USCB Financial Holdings

Market Cap: US$331.2m

Operates as the bank holding company for U.S.

TMK Chemical Bhd

Market Cap: RM 1.3b

Engages in sourcing, processing, and distribution of inorganic chemicals and value-added services in Malaysia, Vietnam, Singapore, Indonesia, Brunei and internationally.

BaTeLab

Market Cap: HK$2.6b

Engages in the research, development, and sale of analog integrated circuit (IC) patterned wafers used in packaging and testing solutions in China.

Warabeya Nichiyo Holdings

Market Cap: JP¥52.4b

Engages in the manufacture and sale of food products for convenience stores in Japan and internationally.

S&U

Market Cap: UK£247.9m

Provides motor, property bridging, and specialist finance services in the United Kingdom.

Aurelia Metals

Market Cap: AU$465.5m

Engages in the exploration and production of mineral properties in Australia.

Hudaco Industries

Market Cap: R5.5b

Imports and distributes automotive, industrial, and electrical consumable products in South Africa and internationally.

MVB Financial

Market Cap: US$324.8m

Operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients.

Isabella Bank

Market Cap: US$324.4m

Operates as the bank holding company for Isabella Bank that provides banking and wealth management services to businesses, institutions, and individuals and their families in Michigan, the United States.

Hansae

Market Cap: ₩483.6b

Manufactures and sells finished clothing products in Vietnam, Indonesia, Nicaragua, Guatemala, Myanmar, and Haiti.

Aviat Networks

Market Cap: US$323.6m

Provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.

CHEMTRONICS.Co.Ltd

Market Cap: ₩482.1b

Engages in the manufacture and sale of electronic parts and chemicals in South Korea and internationally.

Integrated Diagnostics Holdings

Market Cap: US$322.6m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.

Lippo Karawaci

Market Cap: Rp5.5t

Engages in real estate development, healthcare and lifestyle businesses in Indonesia.

Super Group

Market Cap: R5.4b

Engages in the supply chain management, mobility, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Europe, and the United Kingdom.

Tai Cheung Holdings

Market Cap: HK$2.5b

An investment holding company, engages in property investment, development, and management businesses in Hong Kong and the United States.

Serabi Gold

Market Cap: UK£242.4m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Southern Score Builders Berhad

Market Cap: RM 1.3b

An investment holding company, provides construction management services for building and infrastructure works in Malaysia.

AIC Mines

Market Cap: AU$454.6m

Engages in the exploration, development, and production of mines in Australia.

On the Beach Group

Market Cap: UK£242.0m

Operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.

Man Industries (India)

Market Cap: ₹29.6b

Manufactures, processes, sells, and trades in submerged arc-welded pipes and steel products in India.

Cahya Mata Sarawak Berhad

Market Cap: RM 1.3b

An investment holding company, engages in the manufacture and trading of cement and construction materials in Malaysia and internationally.

Compagnie d'Entreprises CFE

Market Cap: €277.5m

Engages in the real estate, multitechnics, construction and renovation, and sustainable investment businesses in Belgium, Poland, Luxembourg, and internationally.

STI

Market Cap: ₩472.8b

Operates in the semiconductor equipment industry in Korea.

Unimot

Market Cap: zł1.2b

An independent fuel importer, engages in the wholesale and distribution of diesel oil and other liquid fuels in Poland and internationally.