Global Undervalued based on future growth

J.Jill

Market Cap: US$221.0m

Operates as an omnichannel retailer for women’s apparel in the United States.

Devsisters

Market Cap: ₩326.2b

Engages in the development of mobile games in South Korea and internationally.

Liontrust Asset Management

Market Cap: UK£164.6m

Liontrust Asset Management Plc is a publicly owned investment manager.

YesAsia Holdings

Market Cap: HK$1.7b

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

National Bankshares

Market Cap: US$219.5m

Operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments.

Maezawa Industries

Market Cap: JP¥34.5b

Engages in the manufacture, sale, and installation of equipment and apparatus for water supply and sewage systems in Japan and internationally.

LHN

Market Cap: S$282.1m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

Boa Safra Sementes

Market Cap: R$1.2b

Produces and sells soybean seeds in Brazil.

Grupo Industrial Saltillo. de

Market Cap: Mex$3.9b

Through its subsidiaries, engages in the design, manufacture, sale, and marketing of auto parts and housewares in Mexico, Europe, Asia, Spain, the Czech Republic, Poland, Italy, and China.

Foxwell Power

Market Cap: NT$6.9b

Foxwell Power Co., Ltd engages in the construction of energy storage systems.

TQM Alpha

Market Cap: ฿6.8b

Engages in the insurance brokerage business in Thailand.

Calfrac Well Services

Market Cap: CA$299.8m

Provides specialized oilfield services in Canada, the United States, and Argentina.

Panoro Energy

Market Cap: NOK 2.2b

An independent exploration and production company, engages in the exploration, development, and production of oil and gas properties in Africa.

SAXA

Market Cap: JP¥33.9b

Through its subsidiaries, develops, manufactures, and sells equipment and parts for information and communication systems in Japan.

Perfect Medical Health Management

Market Cap: HK$1.7b

An investment holding company, engages in the provision of medical, aesthetic medical, and beauty and wellness services in Hong Kong, the People’s Republic of China, Macau, Australia, and Singapore.

Ser Educacional

Market Cap: R$1.2b

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

CJ Freshway

Market Cap: ₩317.0b

Engages in the distribution of food materials in Korea and internationally.

Hwaseung Enterprise

Market Cap: ₩316.9b

Manufactures and sells shoes for sporting goods.

Société Tunisienne de Banque Société anonyme

Market Cap: د.ت624.5m

Provides financial services to individuals, professionals, and enterprises in Tunisia and internationally.

Nextgreen Global Berhad

Market Cap: RM 869.3m

An investment holding company, engages in printing and publishing business in Malaysia, China, France, Singapore, and the United States.

Avalue Technology Incorporation

Market Cap: NT$6.7b

Engages in the production, processing, and sale of industrial computers in Taiwan, Americas, Europe, Asia, and internationally.

Medeze Group

Market Cap: ฿6.7b

Engages in collection and storage of stem cells for use in medication in Thailand, Vietnam, Cambodia, and internationally.

Steyr Motors

Market Cap: €180.4m

Engages in manufacturing and selling diesel engines for commercial and military vehicles worldwide.

Consumer Portfolio Services

Market Cap: US$211.2m

Operates as a specialty finance company in the United States.

PT. Media Nusantara Citra

Market Cap: Rp3.5t

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

Ever Glory United Holdings

Market Cap: S$272.9m

An investment holding company, provides mechanical and electrical engineering services for public and private sectors in Singapore.

Shindengen Electric ManufacturingLtd

Market Cap: JP¥33.2b

Shindengen Electric Manufacturing Co.,Ltd.

Neutech Group

Market Cap: HK$1.6b

An investment holding company, provides digital talent education services in the People’s Republic of China.

Acrow

Market Cap: AU$317.6m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

M&C Saatchi

Market Cap: UK£155.1m

Provides advertising and marketing communications services in the United Kingdom, Europe, the Middle East, the Asia Pacific, and the Americas.

JVM

Market Cap: ₩306.4b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

LOTTE INNOVATELtd

Market Cap: ₩305.6b

Provides IT services in Korea and internationally.

Dat Xanh Real Estate Services

Market Cap: ₫5.4t

Provides real estate trading and brokerage services in Vietnam.

Hi-Tech Pipes

Market Cap: ₹18.5b

Manufactures and sells steel in India.

An Cuong Wood - Working

Market Cap: ₫5.4t

Manufactures and trades in wooden household products, industrial wooden items, artificial boards, interior decoration products, kitchen equipment, and other wooden related products in Vietnam and internationally.

Odfjell Technology

Market Cap: NOK 2.1b

Operates as a supplier of offshore operations, well services technology, and engineering solutions in Norway, the United Kingdom, rest of Europe, Kuwait, Malaysia, rest of Asia, and internationally.