Global Undervalued based on future growth

SHINSEGAE FOOD

Market Cap: ₩154.9b

Engages in the food manufacture, food distribution, eating and drinking, and consignment meal service businesses in South Korea.

Capral

Market Cap: AU$174.5m

Engages in the manufacturing and distribution of fabricated and semi-fabricated aluminum related products in Australia.

Cash Converters International

Market Cap: AU$174.4m

Operates as a franchisor and retailer of second-hand goods and financial services stores under the Cash Converters brand name in Australia, New Zealand, the United Kingdom, and internationally.

Riverview Bancorp

Market Cap: US$112.2m

Operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals.

Lea Bank

Market Cap: SEK 1.1b

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

Shin Heung Energy & ElectronicsLtd

Market Cap: ₩153.1b

Engages in the manufacturing and sale of parts and facilities for the secondary battery markets in South Korea and internationally.

Journey Energy

Market Cap: CA$153.7m

Engages in the exploration, development, and production of crude oil and natural gas in the province of Alberta, Canada.

Protalix BioTherapeutics

Market Cap: US$111.4m

A biopharmaceutical company, engages in the development, production, and commercialization of recombinant therapeutic proteins based on the ProCellEx plant cell-based protein expression system.

Bluebik Group

Market Cap: ฿3.6b

Provides strategic and digital technology consulting services in Thailand and Vietnam.

Scope Fluidics

Market Cap: zł410.5m

A biotechnology company, designs and develops projects based on microfluidic technologies in medical diagnostics and healthcare in Poland.

Food Moments

Market Cap: ฿3.6b

Engages in the production and sale of butchered chicken and processed chicken products in Thailand.

Taseco Air Services

Market Cap: ₫2.9t

Engages in airport commercial services in Vietnam.

Wintermar Offshore Marine

Market Cap: Rp1.8t

Provides supporting services for the offshore transportation for the oil and gas industry in Indonesia, Malaysia, Brunei, Myanmar, Thailand, India, Vietnam, the Philippines, the Middle East, and Taiwan.

Ringmetall

Market Cap: €94.2m

Develops, produces, and markets packaging solutions for industrial drums in Germany and internationally.

Triple i Logistics

Market Cap: ฿3.6b

Provides domestic and international freight forwarding, and integrated logistics services in Thailand and internationally.

ISDN Holdings

Market Cap: S$139.1m

Provides motion control, industrial computing, and other specialized engineering solutions in Singapore, China, Hong Kong, Malaysia, Indonesia, Vietnam, and internationally.

Pluk Phak Praw Rak Mae

Market Cap: ฿3.5b

Engages in the sales of food and beverages in Thailand.

Nynomic

Market Cap: €93.3m

Manufactures and sells products for the spectroscopy, sensor technology, laboratory automation and medical technology, agriculture and environmental technology, and industrial markets worldwide.

STV Group

Market Cap: UK£78.6m

Produces and broadcasts television programs in the United Kingdom.

Aurskog Sparebank

Market Cap: NOK 1.1b

Provides various banking products and services for individuals and corporate customers in Norway.

Nakamoto PacksLtd

Market Cap: JP¥15.3b

Provides gravure printing services in Japan and internationally.

First Guaranty Bancshares

Market Cap: US$104.4m

Operates as the holding company for First Guaranty Bank that provides commercial banking services in Louisiana and Texas.

MAKUS

Market Cap: ₩142.3b

Operates as a non-memory semiconductor solutions company in South Korea.

Advanced Flower Capital

Market Cap: US$103.7m

Advanced Flower Capital Inc. originates, structures, underwrites, invests in, and manages senior secured loans and other types of mortgage loans and debt securities for established companies operating in the cannabis industry.

QB Net HoldingsLtd

Market Cap: JP¥15.1b

Operates in the hair cutting business in Japan, Hong Kong, Singapore, Taiwan, the United States, and internationally.

Nekkar

Market Cap: NOK 1.0b

Provides technologies, software, and automation solutions to offshore energy, renewables, and aquaculture industries.

Okada Aiyon

Market Cap: JP¥14.9b

Engages in the manufacture, sale, and repair of construction machines primarily in Japan.

Vestland Berhad

Market Cap: RM 434.4m

An investment holding company, engages in the construction of residential and non-residential buildings for private and public sectors in Malaysia.

ADDvise Group

Market Cap: SEK 986.3m

Supplies medical devices, equipment, and consumables to public and private laboratories and research facilities, healthcare, and pharmaceuticals in North America, Europe, South America, Sweden, and internationally.

CBH Engineering Holding Berhad

Market Cap: RM 432.6m

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

SRV Yhtiöt Oyj

Market Cap: €88.2m

Operates as a project management contractor company in Finland.

Kakuyasu Group

Market Cap: JP¥14.8b

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

COWINTECH

Market Cap: ₩137.5b

Engages in the manufacture and installation of equipment for automation.

Profoto Holding

Market Cap: SEK 972.0m

Provides lighting equipment for professional photographers, cinematographers, and studios in Sweden and internationally.

Revu

Market Cap: ₩137.3b

Operates an online marketing platform in Korea, China, Taiwan, Vietnam, Indonesia, Thailand, and the Philippines.

SkyWorld Development Berhad

Market Cap: RM 425.0m

An investment holding company, engages in the property development business in Malaysia.