Global Undervalued based on future growth

Integrated Research

Market Cap: AU$55.1m

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

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.

coconala

Market Cap: JP¥6.1b

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

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.

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.

Cell Bio Human TechLtd

Market Cap: ₩56.5b

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

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.

Dreamfolks Services

Market Cap: ₹3.5b

Provides airport service in India.

Reckon

Market Cap: AU$52.7m

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

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.

Jerash Holdings (US)

Market Cap: US$36.4m

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

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.

3A Logics

Market Cap: ₩54.3b

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

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.

Trenders

Market Cap: JP¥5.7b

Engages in the marketing business in Japan.

GMO Commerce

Market Cap: JP¥5.5b

Provides marketing support for e-commerce and brick-and-mortar stores.

Doctor Care Anywhere Group

Market Cap: AU$49.5m

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

Express Powerr Solutions (M) Bhd

Market Cap: RM 135.5m

An investment holding company, engages in the provision of generator rental and other related services in Malaysia.

Dusk Group

Market Cap: AU$48.9m

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

DATRON

Market Cap: €29.3m

Designs, develops, manufactures, and sells milling machines and tools worldwide.

Hulamin

Market Cap: R573.2m

Engages in the manufacture and distribution of rolled and extruded aluminum products in South Africa, North America, Europe, Asia, the Middle East, Australasia, South America, and rest of Africa.

FLECT

Market Cap: JP¥5.4b

Engages in the provision of multi-cloud integration services for digital transformation in Japan.

B3 Consulting Group

Market Cap: SEK 314.4m

Operates as a consultancy company that provides IT and management consultancy services in Sweden.

HE Group Berhad

Market Cap: RM 132.0m

Through its subsidiary, Hexatech Engineering Sdn.

IT Link

Market Cap: €28.5m

Develops connected products and business solutions in France.

Dive

Market Cap: JP¥5.2b

Engages in the provision of staffing and recruitment services in Japan.

Westbridge Renewable Energy

Market Cap: CA$45.1m

Engages in the acquisition and development of solar photovoltaic (PV) projects in Canada, the United States, the United Kingdom, and Italy.

Zambeef Products

Market Cap: K637.2m

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

NTG Clarity Networks

Market Cap: CA$44.4m

Provides network, telecom, IT, and infrastructure solutions to medium and large network service providers in Canada, North America, Iraq, Saudi Arabia, Egypt, and Oman.

P&H Tech

Market Cap: ₩48.4b

Develops, produces, and sells organic light emitting diode (OLED) materials and catalysts in South Korea and internationally.

ISPD Network

Market Cap: €27.8m

Engages in performance and brand marketing activities in Spain, Europe, the United States, and Latin America.

Pureprofile

Market Cap: AU$45.7m

A data and insights organization, engages in the provision of online research solutions for agencies, marketers, researchers, brands and businesses in Australasia, Europe, and the United States.

Ogunsen

Market Cap: SEK 295.9m

Provides recruitment and consultancy services for specialists and managers in the economics and finance as well as related sectors in Sweden.

Nova Wellness Group Berhad

Market Cap: RM 124.3m

Develops, produces, and sells nutraceutical and skincare products in Malaysia and internationally.

Touax

Market Cap: €27.0m

Engages in the provision of operational leasing, sales, and management of standardized mobile equipment worldwide.