Global Undervalued based on future growth

D.G. Khan Cement

Market Cap: PK₨72.8b

Produces and sells clinker, low alkali cement, and ordinary Portland and sulphate resistant cement in Pakistan.

Egyptian International Pharmaceutical Industries

Market Cap: ج.م13.6b

Manufactures and sells pharmaceutical ampoules in Egypt and internationally.

Folangsi

Market Cap: HK$2.0b

Provides intralogistics equipment solutions in China.

Turtle Beach

Market Cap: US$259.5m

Operates as an audio technology company in North America, Europe, the Middle East, and the Asia Pacific.

Zibuyu Group

Market Cap: HK$2.0b

An investment holding company, operates as a cross-border e-commerce company in China.

World Gym

Market Cap: NT$8.2b

Engages in the physical fitness, sports, and sauna business in Taiwan and the United States.

Ser Educacional

Market Cap: R$1.3b

Operates on-campus and distance-learning undergraduate, graduate, and professional training courses and other education-related areas in Brazil.

Kohat Cement

Market Cap: PK₨71.6b

Engages in the production and sale of cement in Pakistan and Afghanistan.

Arabian Pipes

Market Cap: ر.س958.0m

Engages in the production and marketing of steel tubes in the Kingdom of Saudi Arabia.

DeFi Technologies

Market Cap: CA$347.3m

A technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada.

BTG Consulting

Market Cap: UK£190.7m

Provides business recovery, financial advisory, and property services consultancy services in the United Kingdom.

Intron Technology Holdings

Market Cap: HK$2.0b

An investment holding company, operates as an automotive electronics solutions provider in Hong Kong, the Mainland China, and internationally.

Sogefi

Market Cap: €220.8m

Designs, develops, and produces filtration systems, suspension components, air intake products, and engine cooling systems for the automotive industry in Europe, South America, North America, China, and internationally.

Chemung Financial

Market Cap: US$254.1m

Operates as a bank holding company for Chemung Canal Trust Company that provides a range of banking, financing, fiduciary, and other financial services.

TK Group (Holdings)

Market Cap: HK$2.0b

An investment holding company, engages in the manufacture, sale, subcontracting, fabrication, and modification of molds and plastic components.

Boyaa Interactive International

Market Cap: HK$2.0b

An investment holding company, develops and operates online card and board games in the People’s Republic of China and Hong Kong.

Green Landscaping Group

Market Cap: SEK 2.4b

Engages in the green space management and landscaping business in Sweden, Norway, and rest of Europe.

Hexaom

Market Cap: €217.9m

Engages in the land and real estate development, construction, and renovation businesses in France.

Fourlis Holdings

Market Cap: €217.1m

Engages in the retail trading business in Greece, Romania, Bulgaria, and Cyprus.

Vertu Motors

Market Cap: UK£186.7m

Operates as an automotive retailer in the United Kingdom.

Blue Bird

Market Cap: Rp4.2t

Provides taxi transportation services in Indonesia.

Bermaz Auto Berhad

Market Cap: RM 976.5m

An investment holding company, distributes and retails of completely built-up Mazda, Kia, XPeng, and Deepal vehicles in Malaysia and the Philippines.

Prime US REIT

Market Cap: US$248.7m

Prime US REIT listed on the Main Board of the Singapore Exchange on 19 July 2019, is a well-diversified real estate investment trust focused on stabilized income-producing office assets in the United States.

TPG Mortgage Investment Trust

Market Cap: US$246.9m

Operates as a residential mortgage real estate investment trust in the United States.

Kina Securities

Market Cap: AU$342.8m

Provides commercial banking and financial, fund administration, investment management, and share brokerage services in Papua New Guinea.

InBodyLtd

Market Cap: ₩360.9b

Provides body composition analysis solutions worldwide.

Brisanet Serviços de Telecomunicações

Market Cap: R$1.3b

Brisanet Serviços de Telecomunicações S.A.

Mastersystem Infotama

Market Cap: Rp4.1t

Engages in the provision of information and communication technology infrastructure solutions and system integration services to enterprise banking, oil and gas, enterprise, and telecommunication markets in Indonesia.

Matahari Department Store

Market Cap: Rp4.1t

Operates department stores in Indonesia.

Humana

Market Cap: SEK 2.3b

Provides individual and family care services for children and adults in Sweden, Finland, Norway, and Denmark.

Webzen

Market Cap: ₩358.7b

A game company, engages in the PC, online, and mobile gaming business worldwide.

Vista Land & Lifescapes

Market Cap: ₱14.2b

An investment holding company, operates as an integrated property developer and homebuilder in the Philippines.

Wismilak Inti Makmur

Market Cap: Rp4.0t

Manufactures and sells cigarettes in Indonesia and internationally.

C&C International

Market Cap: ₩351.2b

Engages in the research and development, manufacture, and sales of cosmetics in Korea.

Solar

Market Cap: DKK 1.5b

Operates as a sourcing and services company in electrical, heating and plumbing, ventilation, and climate and energy solutions in Denmark, Sweden, Norway, The Netherlands, and Poland.

Vp

Market Cap: UK£177.8m

Provides equipment rental and related services in the United Kingdom and internationally.