Global Undervalued based on future growth

Japan PropTechLtd

Market Cap: JP¥8.4b

Develops and sells real estate operations support services in Japan.

Svas Biosana

Market Cap: €46.3m

SVAS Biosana S.p.A. engages in the production and marketing of medical devices worldwide.

Mental Health TechnologiesLtd

Market Cap: JP¥8.4b

Provides Mental health solution services in Japan.

ErreDue

Market Cap: €45.9m

Provides on-site gas generation and purification products in Italy.

Wooshin Systems

Market Cap: ₩78.2b

Develops, manufactures, and sells automotive body assembly systems and body parts in South Korea and internationally.

Symphony Communication

Market Cap: ฿1.7b

Operates as a telecommunications network and services provider in Thailand, Southeast Asian countries, and internationally.

VEEM

Market Cap: AU$76.3m

Engages in designing, manufacturing, and selling of marine propulsion and stabilization systems in Australia.

Foods and Inns

Market Cap: ₹4.9b

Manufactures and sells various processed fruits and vegetables, pulps, purees, spices, spray-dried powders, and frozen food in India and internationally.

CVC Technologies

Market Cap: NT$1.7b

Manufactures and sells various types of pharmaceutical packaging machines worldwide.

FORTEC Elektronik

Market Cap: €45.3m

Manufactures and sells components and systems in the areas of display and embedded computer technology, and power supplies in Germany and internationally.

Adrad Holdings

Market Cap: AU$75.6m

Designs and manufactures heat transfer solutions for industrial applications in Australasia, Asia, the Middle East, North and South America, Europe, and Africa.

Dreamfolks Services

Market Cap: ₹4.9b

Provides airport service in India.

HSS Engineers Berhad

Market Cap: RM 208.5m

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

Careium

Market Cap: SEK 473.1m

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

Trenders

Market Cap: JP¥8.0b

Engages in the marketing business in Japan.

Componenta

Market Cap: €44.0m

Operates as a contract manufacturer of metal components in Finland, Sweden, Germany, European, and internationally.

Alarum Technologies

Market Cap: ₪160.3m

Provides web data collection solutions in North, South, and Central America, Europe, Southeast Asia, the Middle East, and Africa.

Zixin Group Holdings

Market Cap: S$65.7m

An investment holding company, engages in the research and development, cultivation, production, supply, and sale of sweet potato snack food products in the People’s Republic of China.

Novarese

Market Cap: JP¥7.9b

Engages in the bridal business in Japan and internationally.

AWC Berhad

Market Cap: RM 200.2m

An investment holding company, provides integrated facilities management and engineering services.

DBA Group

Market Cap: €42.8m

Provides consultancy, architecture, engineering, and project management services.

Promotica

Market Cap: €42.5m

Operates in the loyalty marketing sector in Italy.

Wice Logistics

Market Cap: ฿1.6b

Provides freight and logistics services in Thailand and internationally.

Pengana Capital Group

Market Cap: AU$70.7m

Pengana Holdings Pty Ltd. is a publicly owned investment manager.

Kruso Kapital

Market Cap: €42.1m

Operates as a bank that provides financing services.

EF-ON

Market Cap: JP¥7.6b

Operates as an energy service company in Japan.

Cavendish

Market Cap: UK£35.6m

Operates as an investment bank in the United Kingdom.

Ecosuntek

Market Cap: €40.4m

Engages in the photovoltaic electricity generation activities in Italy and internationally.

TradeDoubler

Market Cap: SEK 417.1m

Provides performance marketing and technology solutions for publishers and advertisers in Europe.

IRRC

Market Cap: JP¥7.1b

Engages in the life insurance agency business in Japan.

Kijcharoen Engineering Electric

Market Cap: ฿1.4b

Manufactures and distributes electrical cabinets, cable tray, and power solutions in Thailand.

Oxford Innotech Berhad

Market Cap: RM 181.1m

An investment holding company, provides precision engineering, mechanical assembly, and automation and robotics solutions in Malaysia, rest of Asia, North America, and Europe.

ecotel communication ag

Market Cap: €39.1m

Provides marketing information and telecommunication solutions in Germany.

Heritage Global

Market Cap: US$46.2m

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

Hopscotch Global PR Group

Market Cap: €38.9m

Operates in public relations (PR) business in France and internationally.

LaserBond

Market Cap: AU$65.0m

A surface engineering company, engages in the development and application of materials, technologies, and methodologies to enhance operating performance and wear life of capital-intensive machinery components in Australia.