Global Undervalued based on future growth

Armac Locação Logística e Serviços

Market Cap: R$1.6b

Engages in leasing machines, equipment, and services in Brazil.

European Wax Center

Market Cap: US$313.6m

Operates as the franchisor and operator of out-of-home waxing services in the United States.

LINKBANCORP

Market Cap: US$312.8m

Operates as a bank holding company for LINKBANK that provides various banking products and services in Pennsylvania.

ITHAX Acquisition

Market Cap: US$312.6m

As of July 18, 2022, ITHAX Acquisition Corp.

Mimaki Engineering

Market Cap: JP¥49.5b

Develops, manufactures, and sells computer devices and software in Japan and internationally.

Desktop

Market Cap: R$1.6b

Provides fixed telephony, broadband internet, and pay television services in Brazil.

S-Enjoy Service Group

Market Cap: HK$2.4b

An investment holding company, provides property management and related value-added services for property developers in the People’s Republic of China.

Steel Strips Wheels

Market Cap: ₹28.7b

Engages in the design, manufacture, and sale of automotive wheel rims and other auto components in India and internationally.

Pitti Engineering

Market Cap: ₹28.6b

Manufactures and sells iron and steel engineering products in India and internationally.

MegaStudyEdu

Market Cap: ₩461.0b

Provides online and offline educational services primarily in South Korea.

Hy-Lok

Market Cap: ₩459.8b

Operates in the fluid and control system industry worldwide.

Heritage Foods

Market Cap: ₹28.4b

Heritage Foods Limited procures and processes milk and milk products in India.

EFC (I)

Market Cap: ₹28.4b

Engages in real estate leasing business in India.

m-up holdings

Market Cap: JP¥48.8b

Engages in the development and distribution of mobile and PC content, and e-commerce businesses in Japan.

Morrow Bank

Market Cap: SEK 2.9b

Provides unsecured financing to private individuals in Norway, Sweden, and Finland.

LNA Santé

Market Cap: €266.8m

Engages in the management and operation of healthcare facilities and medical residences for able-bodied, semi-dependent, or dependent elderly people in France.

AerSale

Market Cap: US$304.2m

Provides aftermarket commercial aircraft, engines, and its parts to passenger and cargo airlines, leasing companies, original equipment manufacturers, government and defense contractors, and maintenance, repair, and overhaul service providers worldwide.

TOYO

Market Cap: US$304.1m

Engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain in Asia and the United States.

China Beststudy Education Group

Market Cap: HK$2.4b

Provides after-school education services for K-12 student groups in China.

Cambi

Market Cap: NOK 3.0b

Provides thermal hydrolysis solutions for sewage sludge and organic waste management in Europe, the Americas, Asia, Africa, and Oceania.

Haleon Pakistan

Market Cap: PK₨84.3b

Engages in the manufacture, marketing, and sale of consumer healthcare products in Pakistan, rest of Asia, Africa, Australia, North America, the Middle East, and Europe.

Regional Management

Market Cap: US$300.9m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

World Holdings

Market Cap: JP¥47.9b

Engages in human resources and education, information and telecommunications, real estate, and agricultural park businesses in Japan.

Bonduelle

Market Cap: €259.9m

Engages in the provision of plant-based food in Europe and internationally.

Rana Gruber

Market Cap: NOK 2.9b

Engages in the mining, processing, and sale of iron ore concentrate in Norway, the United Kingdom, Sweden, the United States, and internationally.

Pou Sheng International (Holdings)

Market Cap: HK$2.3b

An investment holding company, engages in distributing and retailing sportswear and footwear in the People’s Republic of China and internationally.

HWASHINLtd

Market Cap: ₩443.4b

Manufactures and sells automobile components.

Pulmuone

Market Cap: ₩443.1b

Manufactures, sells, and distributes foods and beverages in South Korea, the United States, China, and Japan.

Arlandastad Group

Market Cap: SEK 2.8b

Operates as a real estate development company in Sweden.

James River Group Holdings

Market Cap: US$294.7m

Provides specialty insurance services.

Ânima Holding

Market Cap: R$1.5b

Operates as an education organization in Brazil.

Asia CementLtd

Market Cap: ₩437.7b

Engages in the manufacture and sale of cement and ready-mixed concrete in South Korea.

Shenyang Cuihua Gold and Silver Jewelry

Market Cap: CN¥2.0b

Shenyang Cuihua Gold and Silver Jewelry Co., Ltd.

Lagenda Properties Berhad

Market Cap: RM 1.1b

An investment holding company, engages in the property development business in Malaysia.

Hua Yu Lien Development

Market Cap: NT$9.3b

Engages in the real estate business in Taiwan.

SThree

Market Cap: UK£219.7m

Provides workforce consultancy services in Austria, Germany, Switzerland, the United States, Netherlands, Spain, the United Kingdom, Belgium, France, Japan, the United Arab Emirates, and internationally.