Global Undervalued based on future growth

Cherat Cement

Market Cap: PK₨48.7b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

B&C Speakers

Market Cap: €148.3m

Engages in the production and marketing of professional loudspeakers under the B&C brand name in Italy, Latin America, Europe, North America, the Middle East, Africa, and Asia-Pacific.

Citizens Community Bancorp

Market Cap: US$172.1m

Operates as a bank holding company for Citizens Community Federal N.A.

SamyoungLtd

Market Cap: ₩253.5b

Manufactures and sells electronic and packaging films in South Korea.

UGRO Capital

Market Cap: ₹15.8b

A non-banking financial company, engages in the lending business in India.

JTC

Market Cap: ₩253.3b

Operates retail shops in Japan and South Korea.

ACT Energy Technologies

Market Cap: CA$232.9m

Provides directional drilling services to oil and natural gas exploration and development companies in Canada and the United States.

Hostelworld Group

Market Cap: UK£127.8m

Operates as an online travel agent focused on the hostel market worldwide.

Tidewater Renewables

Market Cap: CA$231.4m

Engages in production of renewable fuel in North America.

BBGI

Market Cap: ฿5.4b

Manufactures and distributes biofuel and related products in Thailand.

YesAsia Holdings

Market Cap: HK$1.3b

An investment holding company, engages in trading of Asian fashion and lifestyle, beauty, cosmetics, accessories, and entertainment products.

AMPAK Technology

Market Cap: NT$5.4b

Engages in the research, design, development, production, market, and sale of wireless module in Taiwan.

Sanoh Industrial

Market Cap: JP¥26.7b

Manufactures and sells automotive parts worldwide.

Nippon Carbide Industries

Market Cap: JP¥26.7b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

PT. Media Nusantara Citra

Market Cap: Rp2.8t

Operates as an integrated media company that produces and distributes various content on television and other platforms in Indonesia.

GE-Shen Corporation Berhad

Market Cap: RM 653.0m

An investment holding company, manufactures and trades in plastic moulded products, components, tools and die, fabricated metal products, and other related products in Malaysia, Singapore, and Vietnam.

Amadeus FiRe

Market Cap: €142.9m

Provides personnel and training services in Germany.

CUC

Market Cap: JP¥26.3b

Offers healthcare services in Japan and internationally.

Garda Property Group

Market Cap: AU$230.8m

Garda Property Group (ASX: GDF) (Garda) is an industrial real estate investor, developer and active manager with investments predominately in Brisbane.

Lovesac

Market Cap: US$164.9m

Designs, manufactures, and sells furniture.

Obour Land for Food IndustriesE

Market Cap: ج.م8.6b

Manufactures and distributes dairy products in Egypt.

Zalaris

Market Cap: NOK 1.6b

Provides full-service outsourced personnel and payroll services.

Somany Ceramics

Market Cap: ₹15.1b

Manufactures and sells ceramic tiles and related products in India.

Peter Warren Automotive Holdings

Market Cap: AU$228.8m

Engages in the sale of new and used motor vehicles in Australia.

Source Energy Services

Market Cap: CA$221.1m

Engages in the production and distribution of frac sand used primarily in oil and gas exploration and production in Canada and the United States.

INTLOOP

Market Cap: JP¥25.7b

Provides system development, network construction, infrastructure implementation, and IT human resources services in Japan and internationally.

Lindsay Australia

Market Cap: AU$226.3m

Provides integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia.

Emak

Market Cap: €139.2m

Manufactures and distributes machines, components, and accessories for gardening, agriculture, forestry, and industries worldwide.

SK D&D

Market Cap: ₩236.3b

Engages in the real estate development business in South Korea.

Cash Converters International

Market Cap: AU$223.5m

Provides unsecured lending and second-hand retail services in Australia, New Zealand, the United Kingdom, and internationally.

Sjg SejongLtd

Market Cap: ₩235.9b

Engages in the research and development, production, and supply of automotive parts in South Korea and internationally.

Dollar Industries

Market Cap: ₹14.7b

Manufactures and sells hosiery products in knitted inner wears, casual wears, and thermal wears in India.

Nippon Aqua

Market Cap: JP¥25.3b

Engages in the development, sale, and installation of insulation materials in Japan.

Arab Tunisian Bank

Market Cap: د.ت460.8m

Provides various banking products and services for individuals and companies primarily in Tunisia.

Dialight

Market Cap: UK£117.8m

Develops, manufactures, and supplies LED lighting solutions for hazardous and industrial applications in North America, Europe, the Middle East, Africa, and internationally.

General de Alquiler de Maquinaria

Market Cap: €135.2m

Primarily engages in the equipment rental business in Spain, Portugal, Latam, and internationally.