Global Undervalued based on future growth

HSS Engineers Berhad

Market Cap: RM 322.9m

An investment holding company, provides engineering and project management primarily in Malaysia, the Middle East, Cambodia, the Philippines, India, and Indonesia.

Patria Bank

Market Cap: RON 331.2m

A credit institution, provides banking and other financial services to individual, small and medium enterprises, agribusinesses, and corporate customers in Romania.

Mughal Iron & Steel Industries

Market Cap: PK₨21.4b

Manufactures and trades in mild steel products in Pakistan.

CombinedX

Market Cap: SEK 725.4m

Provides technology solutions to companies and organizations.

Internet Thailand

Market Cap: ฿2.4b

Provides ICT infrastructure services in Thailand.

Alfabs Australia

Market Cap: AU$114.6m

Engages in the mining equipment and engineering business in Australia.

G5 Entertainment

Market Cap: SEK 715.7m

Develops and publishes free-to-play games for smartphones, tablets, and personal computers in Sweden.

MLG Oz

Market Cap: AU$114.4m

Provides mine site and supply chain solutions in Western Australia and the Northern Territory.

United U-LI Corporation Berhad

Market Cap: RM 315.8m

An investment holding company, manufactures and trades in steel cable support systems, cable management systems, integrated ceiling systems, building materials, fluorescent light fittings, and LED products in Malaysia and internationally.

Staffline Group

Market Cap: UK£55.3m

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

ILPRA

Market Cap: €63.9m

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

Careium

Market Cap: SEK 707.9m

Provides technology-enabled care services in Sweden, Norway, the United Kingdom, the Netherlands, Germany, France, and Spain.

Tobii

Market Cap: SEK 704.1m

Develops and sells eye-tracking technology and solutions in Sweden, Europe, Middle East, Africa, the United States, and internationally.

Nordisk Bergteknik

Market Cap: SEK 704.0m

Provides rock handling and foundation solutions in Sweden, Norway, Finland, and internationally.

TRUEN

Market Cap: ₩101.7b

Engages in the manufacture and sale of video surveillance systems primarily in South Korea.

Miko

Market Cap: €62.8m

Engages in the coffee roasting business under the Miko brand name in Belgium, France, the Netherlands, the United Kingdom, Germany, Denmark, Norway, Sweden, Poland, the Czech Republic, Slovakia, and Australia.

PGF Capital Berhad

Market Cap: RM 310.3m

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

Japan PropTechLtd

Market Cap: JP¥10.7b

Provides real estate operations support services in Japan.

Skue Sparebank

Market Cap: NOK 745.5m

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

Britania

Market Cap: ฿2.3b

Engages in property development business in Thailand.

Metair Investments

Market Cap: R1.3b

Manufactures, supplies, and distributes motor vehicle components and energy storage solutions in South Africa, Romania, and the United Kingdom.

CLERHP Estructuras

Market Cap: €61.0m

Engages in structural engineering and construction activities in Spain and internationally.

Shine Justice

Market Cap: AU$108.8m

Through its subsidiaries, provides damages-based plaintiff litigation legal services in Australia and New Zealand.

Notion VTec Berhad

Market Cap: RM 299.7m

An investment holding company, engages in design, manufacture, and sale of precision components and tools.

Heritage Global

Market Cap: US$70.6m

Operates as an asset services company with focus on financial and industrial asset transactions in the United States.

MGB Berhad

Market Cap: RM 298.8m

An investment holding company, engages in construction and property development activities in Malaysia.

Itera

Market Cap: NOK 724.0m

Provides digital solutions for businesses and organizations in Norway, Sweden, Ukraine, Denmark, the Czech Republic, Iceland, Poland, and Slovakia.

Korea Parts & FastenersLtd

Market Cap: ₩97.3b

Manufactures and sells fasteners and automotive parts in South Korea and internationally.

Flexible Solutions International

Market Cap: US$69.9m

Develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally.

HAKI Safety

Market Cap: SEK 660.9m

Provides safety products and solutions for infrastructure, energy, industry, aviation, rail and construction, and civil engineering industries in Europe and North America.

NTG Clarity Networks

Market Cap: CA$94.6m

Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

Borgestad

Market Cap: NOK 701.2m

Focuses on real estate and refractory in Norway.

Interworks Confidence

Market Cap: JP¥10.0b

Provides staffing, recruitment, and outsourcing services for the game and entertainment industries.

COSOL

Market Cap: AU$103.7m

Provides information technology services in the Asia Pacific, North America, Europe, the Middle East, Africa, and internationally.

Radius Residential Care

Market Cap: NZ$113.6m

Provides health and aged care services for elderly and disabled people in New Zealand.

New Zealand King Salmon Investments

Market Cap: NZ$113.0m

Engages in the farming, processing, and sale of salmon products in New Zealand, North America, Australia, Japan, Europe, China, and internationally.