Global Undervalued based on future growth

Marubun

Market Cap: JP¥32.3b

Distributes electronics products in Japan and internationally.

European Wax Center

Market Cap: US$204.9m

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

APT Electronics

Market Cap: HK$1.6b

Manufactures and sells intelligent vision products and system solutions in Mainland China and internationally.

CAB Payments Holdings

Market Cap: UK£151.8m

Through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, supranationals, and governments in the United Kingdom and internationally.

Obour Land for Food IndustriesE

Market Cap: ج.م9.6b

Manufactures and distributes dairy products in Egypt.

Zibuyu Group

Market Cap: HK$1.6b

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

Seanergy Maritime Holdings

Market Cap: US$202.3m

A shipping company, engages in the seaborne transportation of dry bulk commodities worldwide.

Nitin Spinners

Market Cap: ₹18.1b

Manufactures and sells cotton and blended yarns, knitted fabrics, and finished woven fabrics in India and internationally.

P.S.P. Specialties

Market Cap: ฿6.3b

Manufactures and sells lubricant and grease oils in Thailand and internationally.

Ador Welding

Market Cap: ₹18.0b

Manufactures and supplies welding equipment, consumables, and automation solutions in India and internationally.

Nascon Allied Industries

Market Cap: ₦291.7b

Manufactures and sells refined, edible, and grade salt in Nigeria.

Hostelworld Group

Market Cap: UK£149.0m

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

OMS Energy Technologies

Market Cap: US$198.7m

Through its subsidiaries, manufactures and sells specialty connectors and pipes, surface wellhead and Christmas trees, premium threading services, and other ancillary services in Saudi Arabia, Singapore, Malaysia, Thailand, Indonesia and internationally.

Cherry Trading

Market Cap: ر.س744.3m

Offers cars on rent through online platform.

Komehyo HoldingsLtd

Market Cap: JP¥31.2b

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

Adairs

Market Cap: AU$299.7m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Midland Holdings

Market Cap: HK$1.5b

An investment holding company, provides property agency services in Hong Kong, Macau, and Mainland China.

Duke Capital

Market Cap: UK£147.3m

A private equity firm specializing in Management Buyouts, buy-and-build strategies, mid-market, minority buyouts, restructuring investments & royalty financing in small and medium size businesses.

CREEK & RIVER

Market Cap: JP¥30.9b

Engages in the production and management of creative artists and agencies, as well as rights management in Japan and internationally.

Bermaz Auto Berhad

Market Cap: RM 798.0m

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

Knights Group Holdings

Market Cap: UK£146.2m

Provides legal and professional services in the United Kingdom.

ASL Marine Holdings

Market Cap: S$252.1m

Provides marine services in Singapore, Indonesia, Asia Pacific, South Asia, Europe, the Middle East, and Australia.

Binhai Investment

Market Cap: HK$1.5b

An investment holding company, operates in gas business in the People’s Republic of China.

Aitken Spence

Market Cap: LK₨60.0b

Operates as a diversified conglomerate in Sri Lanka, Maldives, and internationally.

CBH Engineering Holding Berhad

Market Cap: RM 790.0m

Provides integrated solutions for mechanical, civil, and structural engineering fields in Malaysia.

Wismilak Inti Makmur

Market Cap: Rp3.2t

Manufactures and sells cigarettes in Indonesia and internationally.

KginicisLtd

Market Cap: ₩285.6b

Provides electronic payment services in Korea, Asia, and internationally.

Forth Corporation

Market Cap: ฿6.1b

Engages in the manufacture and distribution of electronic equipment in Thailand, Netherlands, United States of America, and internationally.

AirAsia X Berhad

Market Cap: RM 786.8m

Provides long haul air transportation services under the AirAsia brand in Malaysia, Thailand, and Indonesia.

Kukdo Chemical

Market Cap: ₩284.6b

Manufactures and sells epoxy and polyol resins.

Advanced Process Systems

Market Cap: ₩283.8b

Develops and sells semiconductors and display manufacturing equipment primarily in South Korea, China, and Vietnam.

Diana Shipping

Market Cap: US$190.6m

Provides shipping transportation services worldwide.

TENTIAL

Market Cap: JP¥30.0b

Develops and sells recovery wear and health-related products primarily in Japan.

Vista Land & Lifescapes

Market Cap: ₱11.2b

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

JAKKS Pacific

Market Cap: US$189.2m

Designs, produces, markets, sells, and distributes toys and related products, consumer products, kids indoor and outdoor furniture, costumes, and sporting goods and home furnishings space products worldwide.

SENA Technologies

Market Cap: ₩278.0b

Develops, manufactures and sells wearable smart devices.