Global Undervalued based on future growth

Delticom

Market Cap: €38.3m

Engages in online distribution of tires and wheels in Europe.

BP Plastics Holding Bhd

Market Cap: RM 177.3m

An investment holding company, manufactures and sells in polyethylene flexible plastics packaging products in Malaysia, rest of Asia, and internationally.

Gabetti Property Solutions

Market Cap: €38.1m

Through its subsidiaries, provides real estate services in Italy and internationally.

coconala

Market Cap: JP¥6.9b

Operates a platform to buy and sell knowledge, skills, and experience in production, business support, and consultation categories in Japan.

3A Logics

Market Cap: ₩64.8b

Designs and develops near field communication (NFC) and RFID related system on chips in South Korea.

SMCG

Market Cap: ₩64.7b

Manufactures and sells glass containers for cosmetics.

Maps

Market Cap: €37.6m

A software solution provider, designs and develops technological solutions to support decision-making processes in public and private businesses and organizations.

Metasurface Technologies Holdings

Market Cap: HK$345.0m

Provides precision engineering services in Singapore.

Fractal Gaming Group

Market Cap: SEK 393.8m

Offers PC gaming products in Sweden an internationally.

Verbrec

Market Cap: AU$61.2m

Primarily provides engineering, asset management, training, mining technology software, and operations and maintenance services to mining, energy, defense, and infrastructure industries in Australia, New Zealand, Papua New Guinea, and the Pacific Islands.

Jerash Holdings (US)

Market Cap: US$43.1m

Through its subsidiaries, manufactures and exports customized, ready-made sportswear, and outerwear through knitted fabrics.

Upsales Technology

Market Cap: SEK 380.5m

Operates as a software-as-a-service company that develops and sells web-based business systems with a focus on sales, marketing, and analysis in Sweden and internationally.

Romerike Sparebank

Market Cap: NOK 405.6m

Provides various banking products and services.

Decibel Cannabis

Market Cap: CA$57.7m

An integrated cannabis company, engages in the cannabis cultivation in Canada.

Arrow Syndicate

Market Cap: ฿1.3b

Manufactures and sells various conduits in construction and building, electrical conduits, and PPR pipings for water treatment systems in Thailand.

HiPay Group

Market Cap: €35.4m

Provides augmented payment solutions in France and rest of Europe.

IT Link

Market Cap: €35.1m

Develops connected products and business solutions in France.

QleanAir

Market Cap: SEK 371.5m

Provides air cleaning solutions for indoor environments in Sweden and internationally.

Sumisaujana Group Berhad

Market Cap: RM 158.8m

An investment holding company, engages in the manufacture and trade of oil and gas (O&G) specialty chemicals and additives in Malaysia, Thailand, Indonesia, Saudi Arabia, Oman, and internationally.

Central Petroleum

Market Cap: AU$57.0m

Engages in the development, production, processing, and marketing of hydrocarbons, including natural gas, and crude oil and condensate in Australia.

CEMATRIX

Market Cap: CA$54.7m

Through its subsidiaries, engages in the onsite production of cellular concrete for infrastructure, industrial, and commercial construction markets in North America.

NTG Clarity Networks

Market Cap: CA$54.5m

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

Jubilee Enterprise

Market Cap: ฿1.2b

Engages in the production, distribution, and retail of diamond jewelry in Thailand.

Berentzen-Gruppe

Market Cap: €33.6m

Produces and distributes spirits and non-alcoholic beverages in Germany, rest of Europe Union, rest of Europe, and internationally.

HE Group Berhad

Market Cap: RM 154.0m

Through its subsidiary, Hexatech Engineering Sdn.

Earth Science Tech

Market Cap: US$39.4m

Together with its subsidies, focuses on health and wellness industry.

Panjawattana Plastic

Market Cap: ฿1.2b

Manufactures and distributes plastic packaging and industrial plastic parts in Thailand and internationally.

Dive

Market Cap: JP¥5.9b

Engages in the provision of staffing and recruitment services in Japan.

Warrix Sport

Market Cap: ฿1.2b

Manufactures and sells uniform, clothing, and sport equipment for men, women, and children in Thailand and internationally.

Dusk Group

Market Cap: AU$54.2m

Dusk Group Limited retails scented and unscented candles, home decor, home fragrances, and gift solutions in Australia.

Express Powerr Solutions (M) Bhd

Market Cap: RM 149.5m

An investment holding company, engages in the provision of generator rental and other related services in Malaysia.

Enjin

Market Cap: JP¥5.8b

Provides public relation (PR) support services for small and medium sized enterprises and business owners in Japan.

Labiana Health

Market Cap: €31.9m

Develops, manufactures, sells, and markets animal and human health medicine products in Spain, North America, rest of European Union, and internationally.

ICT Zone Asia Berhad

Market Cap: RM 147.2m

An investment holding company, provides Information and communication technology (ICT) solutions to private corporations and government associations in Malaysia.

KH Group Oyj

Market Cap: €31.7m

A conglomerate, engages in the supply and rental of construction and earth-moving equipment in Finland, Sweden, and internationally.

Touax

Market Cap: €31.2m

Engages in the provision of operational leasing, sales, and management of standardized mobile equipment worldwide.