Global Undervalued based on future growth

Aasen Sparebank

Market Cap: NOK 242.1m

Provides various banking products and services in Norway.

SHINKO

Market Cap: JP¥4.1b

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

Tonking New Energy Group Holdings

Market Cap: HK$196.3m

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

IDNTT

Market Cap: €21.3m

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

Teaminvest Private Group

Market Cap: AU$35.0m

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

Yulchon

Market Cap: ₩36.7b

Manufactures and sells cold drawing precision steel tubes in South Korea and internationally.

KIYO LearningLtd

Market Cap: JP¥3.9b

Engages in the planning, production, sale, and operation of educational content and services for individuals and companies in Japan.

SenSen Networks

Market Cap: AU$34.0m

Develops and sells SenDISA platform-based products and services in North America, Australia, New Zealand, and Asia.

Sogn Sparebank

Market Cap: NOK 227.8m

Provides various banking products and services in Norway.

OpenMove AI Berhad

Market Cap: RM 91.8m

An investment holding company, provides software solutions and related services for the general insurance, Takaful, unit trust, and financial services industries in Malaysia, Hong Kong, China, and internationally.

Performance Shipping

Market Cap: US$23.1m

Provides shipping transportation services through its tanker vessels worldwide.

Texchem Resources Bhd

Market Cap: RM 88.8m

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

Vimi Fasteners

Market Cap: €18.4m

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.

IMS

Market Cap: zł76.5m

Primarily provides sensory marketing services in Poland.

Veris

Market Cap: AU$29.7m

Provides surveying and spatial data services primarily in Australia.

Farmiera Berhad

Market Cap: RM 83.3m

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

Alpcot Holding

Market Cap: SEK 188.4m

Through its subsidiaries, owns and operates a digital platform for personal finance in the financial industry in Sweden.

CyberBuzz

Market Cap: JP¥3.2b

Engages in the advertising and marketing activities in Japan.

Logic Instrument

Market Cap: €16.7m

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

Giocamondo Study

Market Cap: €16.3m

Provides tour operator services.

Flekkefjord Sparebank

Market Cap: NOK 178.0m

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

Mon Courtier Energie Groupe

Market Cap: €15.8m

Operates energy brokerage network in France.

LION E-Mobility

Market Cap: €15.6m

Through its subsidiaries, engages in the development, production, and distribution of battery modules and packs, and battery management systems in Switzerland.

SMRT Holdings Berhad

Market Cap: RM 68.3m

An investment holding company, engages information technology businesses primarily in Malaysia.

Notorious Pictures

Market Cap: €13.8m

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

Confinvest F.L

Market Cap: €13.5m

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

Nextedia

Market Cap: €13.5m

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

Huize Holding

Market Cap: US$15.7m

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

SBS Nexus Berhad

Market Cap: RM 61.3m

Provides branding and marketing solutions.

Convergenze. Società Benefit

Market Cap: €12.5m

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

Lemon Sistemi

Market Cap: €12.1m

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

Arcontech Group

Market Cap: UK£10.0m

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

Transense Technologies

Market Cap: UK£9.7m

Engages in the provision of specialist sensor systems in the United Kingdom, North America, South America, Australia, Europe, and internationally.

Bizmates

Market Cap: JP¥2.0b

Provides language and talent solutions in Japan and the Philippines.

Archos

Market Cap: €10.9m

Manufactures and sells consumer electronics in France.

Decollte Holdings

Market Cap: JP¥2.0b

Through its subsidiaries, primarily engages in the photo studio business in Japan.