Global Undervalued based on future growth

Rexit Berhad

Market Cap: RM 99.6m

An investment holding company, provides software solutions and related services for the general insurance, Takaful, unit trust, and financial services industries.

Duell Oyj

Market Cap: €20.1m

Engages in the wholesale, import, and distribution of powersports aftermarket products in Finland, Central Europe, and the Nordic countries.

Logic Instrument

Market Cap: €20.0m

Manufactures, distributes, and sells mobile computers for professional applications.

InnorulesLtd

Market Cap: ₩32.3b

Provides digital innovation solutions to corporations worldwide.

Hartanah Kenyalang Berhad

Market Cap: RM 96.1m

An investment holding company, provides construction services in Malaysia.

Zambeef Products

Market Cap: K526.0m

Engages in the agri-businesses in Zambia, Nigeria, and Ghana.

Protasco Berhad

Market Cap: RM 93.9m

An investment holding company, provides infrastructure solutions in Malaysia.

Stampede Drilling

Market Cap: CA$30.0m

Provides oilfield services to the oil and natural gas industry in North America.

IDNTT

Market Cap: €18.8m

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

Pasquarelli Auto

Market Cap: €18.6m

Operates as a dealer of new and used cars in Italy.

Aasen Sparebank

Market Cap: NOK 216.2m

Provides various banking products and services in Norway.

Nextedia

Market Cap: €18.2m

Provides cybersecurity, cloud and digital workspace, and customer experience solutions in France.

Performance Shipping

Market Cap: US$20.5m

Provides shipping transportation services through its tanker vessels worldwide.

Mena Transport

Market Cap: ฿660.6m

Provides concrete transportation services in Thailand.

Texchem Resources Bhd

Market Cap: RM 84.3m

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

Finseta

Market Cap: UK£14.8m

A foreign exchange and payment company, engages in the provision of multi-currency accounts to businesses and individuals.

Integrated System Credit Consulting Fintech

Market Cap: €16.6m

Integrated System Credit Consulting Fintech S.p.A.

Scandinavian Medical Solutions

Market Cap: DKK 122.4m

Scandinavian Medical Solutions A/S deals in medical imaging equipment worldwide.

L'Accumulateur Tunisien Assad

Market Cap: د.ت52.8m

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

Fable Media Group

Market Cap: SEK 172.6m

Invests in marketing businesses.

Flekkefjord Sparebank

Market Cap: NOK 182.9m

A savings bank, provides banking services for personal and corporate markets in Flekkefjord, Farsund, Hægebostad, Kvinesdal, Lindesnes, Lund, Lyngdal, Sirdal, and Sokndal.

Verbrec

Market Cap: AU$27.2m

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

Close the Loop

Market Cap: AU$26.6m

Engages in the collection and recycling of electronic equipment, imaging consumables, plastics, paper and cartons, and other related activities in Australia, Europe, South Africa, and the United States.

Orchard Funding Group

Market Cap: UK£12.9m

Through its subsidiaries, offers insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom.

Convergenze. Società Benefit

Market Cap: €14.7m

Provides Internet services, voice, energy, and natural gas services.

Les Constructeurs du Bois

Market Cap: €14.7m

Designs and constructs office, industrial, and residential buildings in France.

Calviks

Market Cap: SEK 162.9m

Operates as a recruitment company in Sweden and Norway.

Kumulus Vape

Market Cap: €14.5m

An e-merchant, sells vaping products and related products in France.

Lucisano Media Group

Market Cap: €14.4m

Engages in the film production and cinema management activities in Italy.

Sogn Sparebank

Market Cap: NOK 169.7m

Provides various banking products and services in Norway.

Vimi Fasteners

Market Cap: €13.2m

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.

Neuphoria Therapeutics

Market Cap: US$14.6m

A clinical stage biopharmaceutical company, discovers and develops novel drug candidates for the treatment of central nervous system disorders and cancers in Australia.

Archos

Market Cap: €12.4m

Manufactures and sells consumer electronics.

ESI

Market Cap: €12.3m

Engages in the renewable energy business primarily in Italy.

Clemondo Group

Market Cap: SEK 137.1m

Develops, manufactures, and sells a range of hygiene and cleaning products for automotive, medical care, and industrial sectors in Sweden.

Casta Diva Group

Market Cap: €11.9m

Operates as a communication company in Italy and internationally.