Global Undervalued based on future growth

Calviks

Market Cap: SEK 257.2m

Provides recruitment and interim solutions in Sweden and Nordic countries.

Teaminvest Private Group

Market Cap: AU$40.4m

A private equity firm specializing in middle market and mature companies providing buyout and growth capital transactions.

SHINKO

Market Cap: JP¥4.4b

Provides maintenance services, IT solutions, and human resource services in Japan.

Angler Gaming

Market Cap: SEK 269.9m

Invests in companies that offer gaming services through the internet in Malta.

Casta Diva Group

Market Cap: €23.7m

Operates as a communication company in Italy and internationally.

L'Accumulateur Tunisien Assad

Market Cap: د.ت79.2m

Designs, manufactures, distributes, and recycles lead-acid starting batteries in Tunisia.

Seni Jaya Corporation Berhad

Market Cap: RM 107.8m

An investment holding company, provides media and production services for indoor and outdoor advertising in Malaysia.

Veris

Market Cap: AU$37.3m

Provides surveying and spatial data services primarily in Australia.

Pasquarelli Auto

Market Cap: €21.9m

Operates as a dealer of new, used, company, and 0 km cars in Italy.

Farmiera Berhad

Market Cap: RM 99.0m

Through its subsidiaries, engages in the breeding and production of broilers, processing of raw poultry products, and trading of poultry products in Malaysia.

Aasen Sparebank

Market Cap: NOK 239.6m

Provides various banking products and services in Norway.

Texchem Resources Bhd

Market Cap: RM 98.4m

An investment holding company, engages in industrial, polymer engineering, food, restaurant, and venture businesses.

Allcore

Market Cap: €21.0m

Through its subsidiaries, provides tax and business consulting services for small and medium-sized businesses in Italy.

Tonking New Energy Group Holdings

Market Cap: HK$193.9m

An investment holding company, engages in the renewable energy business in the People’s Republic of China.

Performance Shipping

Market Cap: US$24.7m

Provides shipping transportation services through its tanker vessels worldwide.

CyberBuzz

Market Cap: JP¥3.7b

Engages in the advertising and marketing activities in Japan.

IDNTT

Market Cap: €19.9m

Engages in the production of digital omnichannel contents for its clients in Italy, rest of Europe, and Switzerland.

Howtelevision

Market Cap: JP¥3.4b

Operates and manages a career platform in Japan.

Light Up Total Solution

Market Cap: ฿629.9m

Designs and trades in lighting systems in Thailand.

Huize Holding

Market Cap: US$19.8m

Offers online insurance product and service platform through various internet channels in Mainland China, Hong Kong, and internationally.

Synergy CHC

Market Cap: US$19.8m

Provides consumer health care, beauty, and lifestyle products in the United States, Canada, and the United Kingdom.

West River Berhad

Market Cap: RM 76.9m

An investment holding company, provides mechanical and electrical engineering services in Malaysia.

Logic Instrument

Market Cap: €16.2m

Manufactures and sells mobile computers for the defense and corporate sectors in France, Germany, and internationally.

Mon Courtier Energie Groupe

Market Cap: €16.1m

Operates energy brokerage network in France.

zig-zagInc

Market Cap: JP¥2.9b

A technology company, provides cross-border e-commerce platform services.

Flekkefjord Sparebank

Market Cap: NOK 179.8m

A savings bank, provides banking services for retail and corporate markets in lekkefjord, Egersund, Farsund, Hægebostad, Kvinesdal, Lindesnes, Lund, Lyngdal, and SirdalogSokndal.

Mena Transport

Market Cap: ฿579.9m

Provides concrete transportation services in Thailand.

Vimi Fasteners

Market Cap: €15.8m

Manufactures and supplies various fastener systems for the automotive, industrial engine and vehicle, oil and gas, and aerospace and motorsport markets in Italy and internationally.

Notorious Pictures

Market Cap: €14.8m

Engages in the acquisition and production of cinematographic works in Italy.

Convergenze. Società Benefit

Market Cap: €13.5m

gas services. The company offers fiber optic network, FTTH, and WiFi; fixed telephony services; and value-added services such as cloud services, datacenter, and virtualization services.

Lemon Sistemi

Market Cap: €13.5m

Designs, constructs, and installs photovoltaic systems and solar thermal systems.

Confinvest F.L

Market Cap: €13.2m

Operates in gold coins, bars, ingots, and silver related businesses in Italy.

Arcontech Group

Market Cap: UK£10.9m

Engages in the development and sale of proprietary software in the United Kingdom, rest of Europe, Africa, North America, Australasia, and the Asia Pacific.

Bizmates

Market Cap: JP¥2.2b

Provides language and talent solutions in Japan and the Philippines.

Vantea SMART

Market Cap: €12.1m

An Information Technology company, engages in the provision of cybersecurity solutions and services in Italy.

Les Constructeurs du Bois

Market Cap: €11.6m

Designs and constructs timber buildings in France.