Global Undervalued based on future growth

PGF Capital Berhad

Market Cap: RM 345.4m

Engages in the manufacture and trading of fiber glasswool and related products primarily in Malaysia, Oceania, and internationally.

Centrale del Latte d'Italia

Market Cap: €73.5m

Engages in the production, treatment, processing, and sale of milk, dairy, and food products in Italy, Germany, and internationally.

Interlink Communication

Market Cap: ฿2.7b

Imports and distributes IT network cabling system products in Thailand.

Bhagwan Marine

Market Cap: AU$122.5m

A marine services company, owns and operates a range of vessels providing marine solutions for the offshore energy, subsea, ports and inshore, and defense sectors in Australia.

SDS Group Berhad

Market Cap: RM 337.5m

An investment holding company, engages in the manufacture, distribution, and retail of bakery products in Malaysia, Singapore, and Indonesia.

Thai Wah

Market Cap: ฿2.7b

Manufactures and distributes vermicelli, starch, and other food and agricultural products in Thailand, Vietnam, China, Cambodia, and Indonesia.

Pioneer Credit

Market Cap: AU$120.5m

Provides financial services in Australia.

FNS TECH

Market Cap: ₩122.8b

Manufactures and sells process equipment for OLED products worldwide.

Embark Early Education

Market Cap: AU$118.0m

Provides early childhood education and care services in Australia.

Assembly Place Holdings

Market Cap: S$105.3m

Operates as a co-living space provider, managing and leasing shared residential properties.

Skue Sparebank

Market Cap: NOK 793.7m

Provides various banking products and services for individual and business in Norway.

Hyphens Pharma International

Market Cap: S$105.0m

Operates as a specialty pharmaceutical and consumer healthcare company primarily in Singapore, Vietnam, Malaysia, and internationally.

Rise Consulting Group

Market Cap: JP¥12.7b

Engages in the consulting business in Japan.

HitoMile

Market Cap: JP¥12.7b

Engages in wholesale business of alcoholic beverages and other foodstuffs in Japan.

Sanli Environmental

Market Cap: S$103.8m

Operates as an environmental engineering company in the field of water and waste management in Singapore, Myanmar, Malaysia, and Thailand.

Credit Clear

Market Cap: AU$114.7m

Engages in the provision of debt resolution services and technology development and implementation of the digital engagement platform in Australia and New Zealand.

Mitre Realty Empreendimentos e Participações

Market Cap: R$418.9m

Develops, constructs, and sells residential and commercial real estate properties for middle-class and upper middle-class customers in Brazil.

Pluk Phak Praw Rak Mae

Market Cap: ฿2.5b

Engages in the sales of food and beverages in Thailand.

Bubs Australia

Market Cap: AU$111.8m

Manufactures and sell infant and adult chilled and powdered goat dairy products in Australia, China, the United States, and internationally.

Staffline Group

Market Cap: UK£57.9m

Provides recruitment and outsourced human resource services in the United Kingdom and the Republic of Ireland.

Livero

Market Cap: JP¥12.0b

Provides cloud platforms in Japan.

Abéo

Market Cap: €66.3m

Engages in the design, manufacture, and distribution of sports and leisure equipment in France and internationally.

Ultrafabrics HoldingsLtd

Market Cap: JP¥11.9b

Manufactures and sells polyurethane leather products in Japan, North America, Europe, and internationally.

Alquiber Quality

Market Cap: €65.4m

Provides leasing solutions for commercial and passenger vehicles for SMEs and large companies in Spain.

Perak Transit Berhad

Market Cap: RM 302.1m

An investment holding company, develops, owns, and operates an integrated public transportation terminal (IPTT) in Malaysia.

Iniziative Bresciane

Market Cap: €64.8m

Engages in the design, construction, and management of medium and small-sized hydroelectric plants in Italy.

Veste Estilo

Market Cap: R$401.3m

Veste S.A. Estilo manufacture and sells clothing and clothing accessories in Brazil.

ILPRA

Market Cap: €64.4m

Engages in the design, production, and sale of packaging machines worldwide.

Bilendi

Market Cap: €64.1m

Provides services for market research and customer engagement and loyalty services in France, United Kingdom, Germany, Switzerland, Spain, Italy, Morocco, Denmark, Sweden, Finland, Belgium, the Netherlands, and Mauritius.

Nido Education

Market Cap: AU$106.9m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

Last One MileLtd

Market Cap: JP¥11.4b

Engages in last mile business in Japan and internationally.

Avaland Berhad

Market Cap: RM 291.4m

An investment holding company, operates as a property development company in Malaysia.

Allied Digital Services

Market Cap: ₹6.7b

Designs, develops, deploys, and delivers end-to-end IT infrastructure services and digital solutions in India, rest of Asia, the United States, Australia, Europe, and the Middle East.

Internet Thailand

Market Cap: ฿2.3b

Provides ICT infrastructure services in Thailand.

Kawan Renergy Berhad

Market Cap: RM 286.0m

An investment holding company, designs, fabricates, installs, and commissions industrial process equipment, process plants, and renewable energy and co-generation plants in Malaysia, Indonesia, Singapore, the United States, and internationally.

Malee Group

Market Cap: ฿2.3b

Manufactures and distributes fruit juices, canned fruit, milk and cereal drink, and non-alcohol beverage products in Thailand and internationally.