Global Undervalued based on future growth

Kijcharoen Engineering Electric

Market Cap: ฿1.5b

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

Genesem

Market Cap: ₩64.8b

Develops, manufactures, and supplies automated equipment for the semiconductor back-end process in South Korea and internationally.

Melhus Sparebank

Market Cap: NOK 477.5m

A savings bank, provides various banking products and services to businesses, agriculture customers, and private individuals in Norway.

Reckon

Market Cap: AU$71.4m

Provides software solutions in Australia, New Zealand, the United States, and internationally.

Touchstone Exploration

Market Cap: CA$64.0m

Engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties in the Republic of Trinidad and Tobago.

Cyviz

Market Cap: NOK 471.0m

Operates as a technology provider for conference and control rooms and command and experience centers in Europe, the Middle East, the Asia Pacific, and North America.

Touax

Market Cap: €38.6m

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

Synergy House Berhad

Market Cap: RM 190.0m

An investment holding company, engages in the design, development, sale, and trading of ready-to-assemble home furniture in Malaysia, Asia, Oceania, Europe, and the North America.

Westbridge Renewable Energy

Market Cap: CA$61.7m

Engages in the acquisition and development of solar photovoltaic (PV) projects in Canada, the United States, the United Kingdom, and Italy.

Infraset

Market Cap: ฿1.4b

Infraset Public Company Limited constructs data centers, information technology system, infrastructure, and telecommunication transportation infrastructure in Thailand.

Hercules

Market Cap: UK£33.4m

Engages in general construction and civil engineering businesses in the United Kingdom.

AWC Berhad

Market Cap: RM 187.8m

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

MINATO HOLDINGS

Market Cap: JP¥6.4b

Engages in the memory module, telework solution, digital device peripherals, device programming, display solution, intelligent stereo camera, system development and website construction, mobile accessories, financial consulting, and electronics design businesses in Japan and internationally.

Sanwayuka Industry

Market Cap: JP¥6.2b

Engages in the disposal, recycling, and management of industrial waste in Japan.

LaserBond

Market Cap: AU$64.7m

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.

Ecosuntek

Market Cap: €35.8m

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

UPR

Market Cap: JP¥6.1b

Primarily engages in the rental and sale of pallets and logistics equipment in Japan.

IRRC

Market Cap: JP¥6.1b

Operates in life insurance agency business in Japan.

SciDev

Market Cap: AU$63.2m

Provides environmental solutions focused on water intensive industries in Australia, the United States, Asia, and internationally.

ASO International

Market Cap: JP¥6.0b

Operates in orthodontics business in Japan.

Light Up Total Solution

Market Cap: ฿1.3b

Designs and trades in lighting systems in Thailand.

EITA Resources Berhad

Market Cap: RM 172.0m

An investment holding company, manufactures, distributes, and sells elevators and busduct systems in Malaysia.

Haugesund Sparebank

Market Cap: NOK 407.3m

A savings bank, provides various financial products and services to individuals and corporate customers in Norway.

Enjin

Market Cap: JP¥5.9b

Provides public relation (PR) support services for corporations/managers and medical institutions/doctors.

P&H Tech

Market Cap: ₩54.8b

Develops, produces, and sells organic light emitting diode (OLED) materials and catalysts.

Delticom

Market Cap: €34.0m

Engages in online distribution of tires and wheels in Europe.

Dusk Group

Market Cap: AU$58.8m

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

Panjawattana Plastic

Market Cap: ฿1.2b

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

Romerike Sparebank

Market Cap: NOK 390.0m

Provides banking products and services.

Adrad Holdings

Market Cap: AU$58.5m

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

Netgem

Market Cap: €32.6m

Develops, operates, and distributes the NetgemTV digital video entertainment platform in France and Europe.

Snail

Market Cap: US$37.9m

Researches, develops, markets, publishes, and distributes interactive digital entertainment worldwide.

Kitagawa SeikiLtd

Market Cap: JP¥5.5b

Engages in the manufacture and sale of press machines, factory automation equipment, and transfer machines.

Zixin Group Holdings

Market Cap: S$47.7m

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.

Maintel Holdings

Market Cap: UK£27.3m

Provides communications managed services for the public and private sectors in the United Kingdom, European Union, and internationally.

Christie Group

Market Cap: UK£26.9m

Engages in the provision of professional services for the hospitality, leisure, healthcare, medical, childcare and education, and retail sectors in Europe and internationally.