Global Undervalued based on future growth

Foods and Inns

Market Cap: ₹4.0b

Manufactures and sells various processed fruits and vegetables, pulps, purees, spices, spray-dried powders, and frozen food in India and internationally.

G5 Entertainment

Market Cap: SEK 396.0m

Develops and publishes free-to-play games for smartphones, tablets, and personal computers in Sweden.

Labiana Health

Market Cap: €36.4m

Develops, manufactures, sells, and markets animal and human health medicine products in Spain, North America, rest of European Union, and internationally.

Winstar Capital Berhad

Market Cap: RM 165.4m

An investment holding company, engages in manufacturing, Fabrication, and selling of aluminium products in Malaysia.

Mastermyne Group

Market Cap: AU$59.7m

Provides mine operation, contracting, training, and related services in the mining and supporting industries in Australia.

Cavendish

Market Cap: UK£31.1m

Operates as an investment bank in the United Kingdom.

ProCook Group

Market Cap: UK£30.9m

Through its subsidiaries, engages in the sale of kitchenware and related products in the United Kingdom.

Japan Hospice Holdings

Market Cap: JP¥6.5b

Engages in the home hospice business in Japan.

Kinatico

Market Cap: AU$58.3m

Provides screening, verification, and SaaS-based workforce management and compliance technology systems in Australia and New Zealand.

DBA Group

Market Cap: €35.4m

Provides consultancy, architecture, engineering, and project management services.

Hopscotch Global PR Group

Market Cap: €35.0m

Operates in public relations (PR) business in France and internationally.

Dreamfolks Services

Market Cap: ₹3.8b

Provides airport service in India.

TakashoLtd

Market Cap: JP¥6.4b

Engages in the manufacture and sale of various garden supplies and materials in Japan, Europe, China, South Korea, the United States, and internationally.

QleanAir

Market Cap: SEK 374.5m

Provides air cleaning solutions for indoor environments in Sweden and internationally.

Gabetti Property Solutions

Market Cap: €34.1m

Through its subsidiaries, provides real estate services in Italy and internationally.

Icape Holding

Market Cap: €34.1m

Engages in the manufacture, distribution, and sale of printed circuit boards (PCBs) and customized technical parts worldwide.

Integrated Research

Market Cap: AU$56.0m

Designs, develops, implements, and sells software for business-critical computing, unified communication, and payment networks.

Cell Bio Human TechLtd

Market Cap: ₩58.7b

Develops nonwoven fabric materials for sheet masks in Korea and Vietnam.

coconala

Market Cap: JP¥6.2b

Operates a platform to buy and sell knowledge, skills, and experience in production, business support, and consultation categories in Japan.

Reckon

Market Cap: AU$55.5m

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

Jerash Holdings (US)

Market Cap: US$38.7m

Through its subsidiaries, manufactures and exports customized, ready-made sportswear, and outerwear through knitted fabrics.

Verbrec

Market Cap: AU$55.1m

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

Borgosesia

Market Cap: €33.3m

Primarily invests in non-performing and alternative assets.

Sumisaujana Group Berhad

Market Cap: RM 151.6m

An investment holding company, engages in the manufacture and trade of oil and gas (O&G) specialty chemicals and additives in Malaysia, Thailand, Indonesia, Saudi Arabia, Oman, and internationally.

Delticom

Market Cap: €33.3m

Engages in online distribution of tires and wheels in Europe.

Upsales Technology

Market Cap: SEK 357.0m

Operates as a software-as-a-service company that develops and sells web-based business systems with a focus on sales, marketing, and analysis in Sweden and internationally.

3A Logics

Market Cap: ₩57.0b

Designs and develops near field communication (NFC) and RFID related system on chips in South Korea.

Berentzen-Gruppe

Market Cap: €32.6m

Produces and distributes spirits and non-alcoholic beverages in Germany, rest of Europe Union, rest of Europe, and internationally.

Trenders

Market Cap: JP¥5.9b

Engages in the marketing business in Japan.

Maps

Market Cap: €32.0m

A software solution provider, designs and develops technological solutions to support decision-making processes in public and private businesses and organizations.

nForce Secure

Market Cap: ฿1.2b

Operates as a specialty distributor of IT security, information management, network solutions, and cloud security in Thailand.

TRC Synergy Berhad

Market Cap: RM 143.7m

An investment holding company, operates in the construction business in Malaysia and Australia.

ICT Zone Asia Berhad

Market Cap: RM 143.2m

An investment holding company, provides Information and communication technology (ICT) solutions to private corporations and government associations in Malaysia.

Steel Hawk Berhad

Market Cap: RM 142.3m

An investment holding company, engages in the provision of onshore and offshore support services for the oil and gas (O&G) industry in Malaysia.

Doctor Care Anywhere Group

Market Cap: AU$51.3m

Provides digital healthcare and development services in the United Kingdom and the Republic of Ireland.

Dusk Group

Market Cap: AU$50.1m

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