Global Undervalued based on future growth

Hanover Bancorp

Market Cap: US$171.6m

Operates as the bank holding company for Hanover Community Bank that provides banking products and services for small and medium-sized businesses, municipalities, and individuals.

Zumtobel Group

Market Cap: €145.4m

Operates in the lighting industry worldwide.

Eurocell

Market Cap: UK£127.3m

Engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland.

Assetwise

Market Cap: ฿5.4b

Engages in property development and other real estate activities in Thailand.

lastminute.com

Market Cap: CHF 134.3m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

FukokuLtd

Market Cap: JP¥26.6b

Manufactures and sells rubber, metal and synthetic resin, and bio and medical related products in Japan, Southeast Asia, India, the United States, Europe, China, South Korea, and internationally.

Lindsay Australia

Market Cap: AU$255.2m

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

Greystone Housing Impact Investors

Market Cap: US$168.1m

Acquires, holds, sells, and deals mortgage revenue bonds that are issued to provide construction and permanent financing for multifamily, student, and senior citizen housing, skilled nursing properties, and commercial properties in the United States.

Jagran Prakashan

Market Cap: ₹15.1b

Jagran Prakashan Limited prints and publishes newspapers and magazines in India.

Göknur Gida Maddeleri Enerji Imalat Ithalat Ihracat Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺7.2b

Manages and processes fruits and vegetables in Turkey.

CF Bankshares

Market Cap: US$167.2m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Daiichi Kigenso Kagaku Kogyo

Market Cap: JP¥26.3b

Researches, develops, manufactures, and sells zirconium compounds and other inorganic compounds in Japan and internationally.

ADF Group

Market Cap: CA$230.1m

Engages in the design and engineering of connections including industrial coatings in Canada and the United States.

Contiocean Environment Tech Group

Market Cap: HK$1.3b

Engages in the development and commercialization of various maritime environmental protection equipment and systems in the People’s Republic of China.

Sjg SejongLtd

Market Cap: ₩244.6b

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

Alvopetro Energy

Market Cap: CA$227.7m

Engages in the acquisition, exploration, development, and production of hydrocarbons in Brazil and Canada.

Suheung

Market Cap: ₩243.0b

Engages in produces and sells hard and soft capsules.

TOVISLtd

Market Cap: ₩242.3b

Provides display solutions in South Korea and internationally.

Sanko Gosei

Market Cap: JP¥25.6b

Engages in the molding and sale of plastic products and plastic molding dies in Japan and internationally.

Korea Fuel-Tech

Market Cap: ₩240.3b

Manufactures and sells automotive fuel systems and components in South Korea and internationally.

Dynacor Group

Market Cap: CA$223.8m

Engages in the exploration, development, and mining of minerals properties in Peru.

Asia Sermkij Leasing

Market Cap: ฿5.1b

Engages in the provision of auto hire purchase services in Thailand.

NittoseikoLtd

Market Cap: JP¥25.4b

Manufactures and sells industrial fasteners and tools, industrial machinery and precision equipment, measurement and control equipment, and medical equipment in Japan, rest of Asia, and internationally.

Arab Tunisian Bank

Market Cap: د.ت467.2m

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

iFamilySC

Market Cap: ₩237.2b

iFamilySC Co. Ltd operates as an interactive branding company that connects content and products online and offline in South Korea and internationally.

MotorCycle Holdings

Market Cap: AU$243.0m

Owns and operates motorcycle dealerships in Australia.

CUC

Market Cap: JP¥25.2b

Offers healthcare services in Japan and internationally.

SK D&D

Market Cap: ₩236.5b

Engages in the real estate development business in South Korea.

Dellia Group

Market Cap: NOK 1.6b

Engages in the sale of dried fruit products.

Suryoday Small Finance Bank

Market Cap: ₹14.3b

Provides financial products to micro-entrepreneurs and underserved communities and individuals in India.

Grupo Hotelero Santa Fe. de

Market Cap: Mex$2.9b

Acquires, develops, and operates beach and urban hotels in Mexico.

EQL Pharma

Market Cap: SEK 1.5b

Engages in the development, marketing, and sale of generic medicines to pharmacies and hospitals in Sweden, Denmark, Norway, Finland, and the rest of Europe.

Pinthong Industrial Park

Market Cap: ฿5.0b

Engages in the industrial real estate projects development and building rental activities in Thailand.

Talenom Oyj

Market Cap: €134.2m

Provides accounting and other services for small and medium-sized enterprises in Finland, Sweden, Spain, and Italy.

Lea Bank

Market Cap: SEK 1.5b

Provides various banking products and services in Norway, Sweden, Finland, and Spain.

SpareBank 1 Nordmøre

Market Cap: NOK 1.6b

Provides various banking products and services in Norway.