Global Undervalued based on future growth

Ultimate Products

Market Cap: UK£64.6m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

Haulotte Group

Market Cap: €75.4m

Through its subsidiaries, designs, manufactures, and markets people and material lifting equipment.

Kotobukiya

Market Cap: JP¥12.4b

Engages in the planning, product development, design work, manufacturing, management, and sales of hobby-related goods in Japan and internationally.

Catering International & Services Société Anonyme

Market Cap: €73.2m

Catering International & Services Société Anonyme provide catering, accommodation, and facilities management services for oil and gas, mining, engineering and construction, defense, and organizations.

Emporiki Eisagogiki Aftokiniton Ditrohon kai Mihanon Thalassis Societe Anonyme

Market Cap: €73.1m

Operates in the automobile, wholesale, and retail markets for motorized two-wheelers and marine products in Greece and internationally.

Embark Early Education

Market Cap: AU$129.4m

Provides early childhood education and care services in Australia.

Prospect Logistics and Industrial Freehold and Leasehold Real Estate Investment Trust

Market Cap: ฿2.7b

n/a

Unité de Fabrication des Médicaments

Market Cap: د.ت243.2m

Unité de Fabrication des Médicaments S.A.

Malindo Feedmill

Market Cap: Rp1.4t

Engages in the production of animal feed in Indonesia.

MGB Berhad

Market Cap: RM 346.1m

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

PGF Capital Berhad

Market Cap: RM 345.2m

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

Metair Investments

Market Cap: R1.5b

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

Alarum Technologies

Market Cap: ₪277.9m

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

Itera

Market Cap: NOK 804.1m

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

Sansha Electric ManufacturingLtd

Market Cap: JP¥11.5b

Manufactures and sells semiconductor devices and power supply equipment in Japan and internationally.

Mitre Realty Empreendimentos e Participações

Market Cap: R$433.7m

Engages in the development, construction, and sale of residential and commercial real estate properties for middle-class and upper middle-class customers in Brazil.

Sino-Ocean Service Holding

Market Cap: HK$615.7m

An investment holding company, engages in the provision of property management and value-added services in the People’s Republic of China.

Poujoulat

Market Cap: €67.9m

Manufactures and sells metal chimneys and stacks for individual homes, collective housing, and new built and renovation industry in France and internationally.

MAG Holdings Berhad

Market Cap: RM 332.9m

An investment holding company, engages in the prawn aquaculture business in Malaysia.

Mastech Digital

Market Cap: US$78.1m

Provides digital transformation IT services to large, medium-sized, and small companies in the United States.

Hurxley

Market Cap: JP¥11.3b

A food service company, operates Hokka Hokka Tei franchise chain stores in Japan.

Skue Sparebank

Market Cap: NOK 784.6m

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

jig.jp

Market Cap: JP¥11.2b

Engages in the planning, development, and provision of mobile software in Japan.

MLG Oz

Market Cap: AU$116.6m

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

Tecnotree Oyj

Market Cap: €65.6m

Provides telecommunication IT solutions for charging, billing, customer care, and messaging and content services in Europe, the Americas, the Middle East, Africa, and the Asia Pacific.

Elektroimportøren

Market Cap: NOK 761.7m

Engages in the sale of electrical installation products to private and professional customers in Norway.

Ultrafabrics HoldingsLtd

Market Cap: JP¥10.9b

Manufactures and sells polyurethane leather products in Japan, North America, Europe, and internationally.

FM Global Logistics Holdings Berhad

Market Cap: RM 318.3m

Provides international multi-modal freight services in Malaysia, Thailand, Indonesia, Vietnam, India, Australia, the Philippines, Singapore, and the United States.

DATA Communications Management

Market Cap: CA$102.3m

Provides print and digital solution to simplify complex marketing communication and operations workflows in the United States and Canada.

Medexus Pharmaceuticals

Market Cap: CA$102.3m

Operates as a pharmaceutical company in Canada and the United States.

GTN

Market Cap: AU$114.5m

Operates broadcast media advertising platforms that supply traffic and news information reports to radio stations in Australia, Canada, the United Kingdom, and Brazil.

Heritage Global

Market Cap: US$74.1m

Operates as an asset services company with focus on financial and industrial asset transactions.

New Zealand King Salmon Investments

Market Cap: NZ$123.8m

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

Mare Engineering Group

Market Cap: €64.1m

Operates as an engineering consultancy company that provides various services in the consulting, digital, and industrial sectors in Italy, Brazil, the Czech Republic, and Slovakia.

Alquiber Quality

Market Cap: €63.9m

Provides industrial and commercial vehicle rental services for SMEs and large companies in Spain.

IBN SINA Pharmaceutical Industry

Market Cap: ৳9.0b

Produces and sells pharmaceutical drugs in Bangladesh and internationally.