{ "title": "GPT-5.5 Pro Repass Rankings", "generated_from": "GPT-5.5 Pro pasted scenario batches B1-B61 with clean-risk, accounting, cash/debt, country, semiconductor, per-name momentum ratings, and placement blurbs", "summary": { "unique_analyzed_names": "1181", "diligence_first_names": "191", "strong_watchlist_names": "364", "focus_top100_names_still_missing_from_pasted_gpt_5_5_pro_scenario_runs": "180", "final_tournament_top_100_names_still_missing_from_pasted_gpt_5_5_pro_scenario_runs": "5", "accounting_or_filing_issue_names_penalized": "78", "high_cash_or_balance_sheet_support_names_boosted": "366", "debt_or_dilution_risk_names_penalized": "172", "positive_momentum_names_boosted": "471", "weak_or_stagnant_momentum_names_penalized": "483", "unknown_momentum_names_haircut": "0", "data_limited_or_neutral_momentum_names": "59", "no_live_public_line_momentum_names": "4", "yahoo_momentum_charted_names": "1114", "fallback_momentum_rated_names": "67" }, "scoring_note": "Clean-risk rerank updated May 21, 2026 after batches B55-B59: base/bull MOIC is considered, but default order is driven by adjusted clean_score. Accounting, audit, filing-delay, disclosure, going-concern, debt/refinancing, and dilution flags are penalized. Net-cash, high-cash, debt-free, tangible-book, cash-flow, dividend, buyback, backlog, NAV/book support, and low-leverage balance-sheet support receive modest positive offsets.", "tiers": [ { "name": "A - Diligence First", "count": 191 }, { "name": "B - Strong Watchlist", "count": 364 }, { "name": "C - Monitor / Lower Priority", "count": 338 }, { "name": "D - Deprioritized / Avoid", "count": 288 } ], "rows": [ { "rank": 1, "ticker": "2355.HK", "company": "Baoye Group", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #1", "batch": 14, "source_rank": 1, "base_moic": 2.75, "bull_moic": 4.01, "why": "Best deep-value asymmetry; net cash/share and BVPS materially exceed quote, but China construction risk.", "tier": "A - Diligence First", "overall_rank": 1, "clean_score": 2.94, "clean_score_pre_accounting_cash_overlay": 2.4, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 2.64, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (-2% 1Y, 54% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.8x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "2355.HK", "momentum_1y_return": -0.0227, "momentum_3m_return": 0.0513, "momentum_52w_position": 0.5385 }, { "rank": 2, "ticker": "SLRK", "company": "Solera National Bancorp", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #2", "batch": 49, "source_rank": 2, "base_moic": 1.7, "bull_moic": 2.3, "why": "Best clean value/quality combo: strong earnings, ROE, below tangible book, low P/E.", "clean_score": 2.858, "overall_rank": 2, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 2.148, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 2.208, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (108% 1Y, 98% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "SLRK", "momentum_1y_return": 1.0798, "momentum_3m_return": 0.0788, "momentum_52w_position": 0.9791 }, { "rank": 3, "ticker": "MDP.TO", "company": "Medexus Pharmaceuticals", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #5", "batch": 47, "source_rank": 5, "base_moic": 1.81, "bull_moic": 2.38, "why": "Profitable specialty pharma with GRAFAPEX and adjusted EBITDA support; cleaner but less explosive.", "clean_score": 2.619, "overall_rank": 3, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.869, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Canada", "clean_score_pre_momentum_overlay": 1.969, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (52% 1Y, 87% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "MDP.TO", "momentum_1y_return": 0.5194, "momentum_3m_return": 0.225, "momentum_52w_position": 0.8662 }, { "rank": 4, "ticker": "HAM.V", "company": "Highwood Asset Management", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #1", "batch": 50, "source_rank": 1, "base_moic": 1.75, "bull_moic": 2.72, "why": "Cleanest cash-flow-to-market-cap mismatch in batch: production and adjusted EBITDA/funds flow inflection.", "clean_score": 2.533, "overall_rank": 4, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.783, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 1.883, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (37% 1Y, 99% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "HAM.V", "momentum_1y_return": 0.3717, "momentum_3m_return": 0.0892, "momentum_52w_position": 0.9863 }, { "rank": 5, "ticker": "TUSK", "company": "Mammoth Energy Services", "theme": "Oil & Gas E&P / Services", "source": "B19 #3", "batch": 19, "source_rank": 3, "base_moic": 1.9, "bull_moic": 3.17, "why": "Cash-backed special situation: debt-free and cash/marketable securities near market cap.", "tier": "A - Diligence First", "overall_rank": 5, "clean_score": 2.5, "clean_score_pre_accounting_cash_overlay": 1.77, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 1.85, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (29% 1Y, 92% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.9x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "TUSK", "momentum_1y_return": 0.291, "momentum_3m_return": 0.4651, "momentum_52w_position": 0.9221 }, { "rank": 6, "ticker": "OKUR", "company": "OnKure Therapeutics", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #14", "batch": 47, "source_rank": 14, "base_moic": 1.9, "bull_moic": 3.93, "why": "Cash-rich with runway into 2029, but pipeline reset delays value creation.", "clean_score": 2.396, "overall_rank": 6, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.856, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 2.096, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (58% 1Y, 48% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.9x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "OKUR", "momentum_1y_return": 0.5822, "momentum_3m_return": -0.1122, "momentum_52w_position": 0.4771 }, { "rank": 7, "ticker": "TSND.TO", "company": "TerrAscend", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #6", "batch": 44, "source_rank": 6, "base_moic": 2.02, "bull_moic": 3.65, "why": "Best cannabis torque in set; positive adjusted EBITDA/operating cash flow.", "clean_score": 2.341, "overall_rank": 7, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 2.241, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Canada", "clean_score_pre_momentum_overlay": 2.341, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (65% 1Y, 38% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.0x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "TSND.TO", "momentum_1y_return": 0.6481, "momentum_3m_return": -0.0111, "momentum_52w_position": 0.3779 }, { "ticker": "NTWK", "company": "NetSol Technologies", "theme": "Software, AI Lending / Leasing Platform, Cash Backing", "source": "B61 #1", "batch": 61, "source_rank": 1, "base_moic": 2.1, "bull_moic": 3.46, "why": "Best asymmetry in batch: record revenue, AI-enabled Transcend platform, FY2026 guide, cash, and shareholder equity support against a small stock price.", "rank": 8, "clean_score_pre_accounting_cash_overlay": 1.7, "sector": "Technology & Digital", "country": "United States", "accounting_cash_overlay": 0.3, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "clean_score": 2.3, "overall_rank": 8, "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 2, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (44% 1Y, 53% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.1x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "NTWK", "momentum_1y_return": 0.4413, "momentum_3m_return": 0.1219, "momentum_52w_position": 0.5301 }, { "rank": 9, "ticker": "PHAR.L", "company": "Pharos Energy", "theme": "Oil & Gas E&P / Services", "source": "B19 #7", "batch": 19, "source_rank": 7, "base_moic": 1.6, "bull_moic": 2.66, "why": "Debt-free/net-cash lower-risk small-cap E&P.", "tier": "A - Diligence First", "overall_rank": 9, "clean_score": 2.29, "clean_score_pre_accounting_cash_overlay": 1.56, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.64, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (46% 1Y, 89% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "PHAR.L", "momentum_1y_return": 0.4649, "momentum_3m_return": 0.0255, "momentum_52w_position": 0.8868 }, { "rank": 10, "ticker": "ININ.OL", "company": "ININ Group", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #1", "batch": 59, "source_rank": 1, "base_moic": 2.19, "bull_moic": 4.5, "why": "Best mix of small-cap torque, contracts, portfolio cleanup, and buyback signal; holding-company complexity remains.", "clean_score": 2.25, "clean_score_pre_accounting_cash_overlay": 1.65, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #1", "overall_rank": 10, "tier": "A - Diligence First", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": 1.75, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (35% 1Y, 81% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.2x/4.5x.", "momentum_source": "yahoo", "momentum_symbol": "ININ.OL", "momentum_1y_return": 0.3502, "momentum_3m_return": 0.1552, "momentum_52w_position": 0.8125 }, { "rank": 11, "ticker": "AYTU", "company": "Aytu BioPharma", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #2", "batch": 47, "source_rank": 2, "base_moic": 2.21, "bull_moic": 4.19, "why": "Cash above market cap and EXXUA launch upside; legacy revenue shrinkage, debt, and warrants cap equity quality.", "clean_score": 2.226, "overall_rank": 11, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 2.086, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.926, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (6% 1Y, 47% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.2x/4.2x.", "momentum_source": "yahoo", "momentum_symbol": "AYTU", "momentum_1y_return": 0.0644, "momentum_3m_return": -0.1731, "momentum_52w_position": 0.4681 }, { "rank": 12, "ticker": "5343.NG", "company": "Nikko Co.", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #1", "batch": 20, "source_rank": 1, "base_moic": 1.61, "bull_moic": 2.31, "why": "Best low-risk deep-value microcap in batch; profitable, low P/E, positive FCF.", "tier": "A - Diligence First", "overall_rank": 12, "clean_score": 2.205, "clean_score_pre_accounting_cash_overlay": 2.125, "accounting_cash_overlay": 0.16, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 2.285, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Ranks in diligence first: data-limited momentum gets only neutral credit. Cash-flow or asset support helps. Base/bull case: 1.6x/2.3x.", "momentum_source": "fallback" }, { "rank": 13, "ticker": "AVBP", "company": "ArriVent BioPharma", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #19", "batch": 47, "source_rank": 19, "base_moic": 1.4, "bull_moic": 2.76, "why": "Higher-quality oncology catalyst with cash runway, but already near $1B cap.", "clean_score": 2.186, "overall_rank": 13, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.446, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.686, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (33% 1Y, 71% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "AVBP", "momentum_1y_return": 0.3298, "momentum_3m_return": 0.1933, "momentum_52w_position": 0.7112 }, { "ticker": "SNAL", "company": "Snail", "theme": "Gaming, Consumer Media, Hit-Driven Turnaround", "source": "B60 #3", "batch": 60, "source_rank": 3, "base_moic": 2.14, "bull_moic": 4.91, "why": "Q1 revenue and bookings grew, net income flipped positive, and ARK volume was strong; concentration and hit-driven cyclicality remain high risk.", "rank": 14, "clean_score_pre_accounting_cash_overlay": 1.78, "sector": "Special Situations", "country": "United States", "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "clean_score": 2.18, "overall_rank": 14, "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.88, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (19% 1Y, 56% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.1x/4.9x.", "momentum_source": "yahoo", "momentum_symbol": "SNAL", "momentum_1y_return": 0.1915, "momentum_3m_return": 0.8301, "momentum_52w_position": 0.5616 }, { "rank": 15, "ticker": "NPTH.V", "company": "NeuPath Health", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #23", "batch": 47, "source_rank": 23, "base_moic": 1.52, "bull_moic": 2.23, "why": "Real business with positive net income, but less torque than commercial pharma turnarounds.", "clean_score": 2.126, "overall_rank": 15, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.466, "accounting_cash_overlay": 0.16, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Canada", "clean_score_pre_momentum_overlay": 1.626, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (138% 1Y, 81% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "NPTH.V", "momentum_1y_return": 1.383, "momentum_3m_return": 0.2174, "momentum_52w_position": 0.8072 }, { "rank": 16, "ticker": "0057.HK", "company": "Chen Hsong", "theme": "Electronics, Hardware, Machinery, Materials", "source": "B1 #3", "batch": 1, "source_rank": 3, "base_moic": 1.43, "bull_moic": 1.93, "why": "Best downside support; low multiple, high net cash, dividend support.", "tier": "A - Diligence First", "overall_rank": 16, "clean_score": 2.124, "clean_score_pre_accounting_cash_overlay": 1.584, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Semiconductors & Hardware", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.824, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (20% 1Y, 55% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "0057.HK", "momentum_1y_return": 0.2014, "momentum_3m_return": -0.0118, "momentum_52w_position": 0.5455 }, { "rank": 17, "ticker": "MORLD.OL", "company": "Moreld", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #3", "batch": 36, "source_rank": 3, "base_moic": 1.36, "bull_moic": 2.01, "why": "Oil-services cash generation, dividends, and backlog; upside depends on durability beyond peak 2025.", "tier": "A - Diligence First", "overall_rank": 17, "clean_score": 2.117, "clean_score_pre_accounting_cash_overlay": 1.367, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Norway", "clean_score_pre_momentum_overlay": 1.467, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (42% 1Y, 85% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "MORLD.OL", "momentum_1y_return": 0.422, "momentum_3m_return": 0.1819, "momentum_52w_position": 0.8467 }, { "rank": 18, "ticker": "KLNG", "company": "Koil Energy", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #4", "batch": 53, "source_rank": 4, "base_moic": 2, "bull_moic": 3.61, "why": "Microcap subsea services turnaround with revenue growth, net income, and EBITDA positive.", "clean_score": 2.107, "overall_rank": 18, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.707, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 1.807, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (12% 1Y, 62% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.0x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "KLNG", "momentum_1y_return": 0.1173, "momentum_3m_return": -0.0681, "momentum_52w_position": 0.6188 }, { "rank": 19, "ticker": "7326.T", "company": "SBI Insurance Group", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #9", "batch": 49, "source_rank": 9, "base_moic": 1.6, "bull_moic": 2.4, "why": "Dividend and earnings-reset optionality, but Q4 loss/margin compression makes it less clean.", "clean_score": 2.104, "overall_rank": 19, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.354, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "Japan", "clean_score_pre_momentum_overlay": 1.454, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (98% 1Y, 83% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "7326.T", "momentum_1y_return": 0.976, "momentum_3m_return": 0.0825, "momentum_52w_position": 0.8319 }, { "rank": 20, "ticker": "ROK.V", "company": "ROK Resources", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #1", "batch": 53, "source_rank": 1, "base_moic": 1.8, "bull_moic": 2.83, "why": "Best balance of cash flow, small-cap torque, NCIB, and improved balance sheet with adjusted net surplus.", "clean_score": 2.1, "overall_rank": 20, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.35, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 1.45, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (58% 1Y, 100% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "ROK.V", "momentum_1y_return": 0.5789, "momentum_3m_return": 0.2, "momentum_52w_position": 1 }, { "rank": 21, "ticker": "LEND.L / 97F.F", "company": "Sancus Lending", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #3", "batch": 45, "source_rank": 3, "base_moic": 2.2, "bull_moic": 4.5, "why": "Tiny credit turnaround with Hawk JV asset support; funding/credit/liquidity risk.", "clean_score": 2.1, "overall_rank": 21, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.36, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Financials & Credit", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.6, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (150% 1Y, 81% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.2x/4.5x.", "momentum_source": "yahoo", "momentum_symbol": "LEND.L", "momentum_1y_return": 1.5, "momentum_3m_return": 0.5625, "momentum_52w_position": 0.806 }, { "rank": 22, "ticker": "ASYS", "company": "Amtech Systems", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #1", "batch": 2, "source_rank": 1, "base_moic": 1.19, "bull_moic": 2.22, "why": "Best theme plus inflection setup: AI advanced packaging, mix shift, net cash.", "tier": "A - Diligence First", "overall_rank": 22, "clean_score": 2.077, "clean_score_pre_accounting_cash_overlay": 1.187, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Semiconductors & Hardware", "country": "United States", "clean_score_pre_momentum_overlay": 1.427, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (455% 1Y, 87% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "ASYS", "momentum_1y_return": 4.5479, "momentum_3m_return": 0.8309, "momentum_52w_position": 0.8723 }, { "rank": 23, "ticker": "ANTX", "company": "AN2 Therapeutics", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #20", "batch": 47, "source_rank": 20, "base_moic": 1.47, "bull_moic": 2.61, "why": "Cash runway into 2029 after financing; pipeline reset lowers urgency.", "clean_score": 2.059, "overall_rank": 23, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.479, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.559, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (292% 1Y, 80% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "ANTX", "momentum_1y_return": 2.9231, "momentum_3m_return": -0.0065, "momentum_52w_position": 0.8036 }, { "rank": 24, "ticker": "SOIL.TO", "company": "Saturn Oil & Gas", "theme": "Oil & Gas E&P / Services", "source": "B19 #10", "batch": 19, "source_rank": 10, "base_moic": 1.52, "bull_moic": 2.34, "why": "Still cheap on FCF, but market has noticed after run.", "tier": "A - Diligence First", "overall_rank": 24, "clean_score": 2.052, "clean_score_pre_accounting_cash_overlay": 1.302, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Canada", "clean_score_pre_momentum_overlay": 1.402, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (332% 1Y, 99% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "SOIL.TO", "momentum_1y_return": 3.3155, "momentum_3m_return": 0.5458, "momentum_52w_position": 0.9911 }, { "rank": 25, "ticker": "DWSN", "company": "Dawson Geophysical", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #2", "batch": 25, "source_rank": 2, "base_moic": 2, "bull_moic": 3.3, "why": "Clean small-cap oilfield-services inflection.", "tier": "A - Diligence First", "overall_rank": 25, "clean_score": 2.048, "clean_score_pre_accounting_cash_overlay": 1.398, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 1.398, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (215% 1Y, 82% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/3.3x.", "momentum_source": "yahoo", "momentum_symbol": "DWSN", "momentum_1y_return": 2.1481, "momentum_3m_return": -0.1164, "momentum_52w_position": 0.8229 }, { "rank": 26, "ticker": "TOI", "company": "The Oncology Institute", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #7", "batch": 47, "source_rank": 7, "base_moic": 1.73, "bull_moic": 2.62, "why": "Revenue growth and FCF inflection; capitation execution and thin margins remain.", "clean_score": 2.045, "overall_rank": 26, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.445, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.545, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (57% 1Y, 80% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "TOI", "momentum_1y_return": 0.5701, "momentum_3m_return": 0.1667, "momentum_52w_position": 0.7963 }, { "rank": 27, "ticker": "AXL.L / AXL.V", "company": "Arrow Exploration", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #3", "batch": 25, "source_rank": 3, "base_moic": 1.9, "bull_moic": 3.2, "why": "Debt-free junior E&P with funded capex and Tapir optionality.", "tier": "A - Diligence First", "overall_rank": 27, "clean_score": 2.03, "clean_score_pre_accounting_cash_overlay": 1.3, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Energy & Utilities", "country": "Canada", "clean_score_pre_momentum_overlay": 1.38, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (46% 1Y, 92% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.9x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "AXL.L", "momentum_1y_return": 0.4625, "momentum_3m_return": 0.1038, "momentum_52w_position": 0.9214 }, { "rank": 28, "ticker": "PNOR.OL", "company": "PetroNor E&P", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #5", "batch": 25, "source_rank": 5, "base_moic": 1.8, "bull_moic": 3.1, "why": "Deep-value special situation with dividends and jurisdiction risk.", "tier": "A - Diligence First", "overall_rank": 28, "clean_score": 2.03, "clean_score_pre_accounting_cash_overlay": 1.28, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Norway", "clean_score_pre_momentum_overlay": 1.38, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (38% 1Y, 94% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "PNOR.OL", "momentum_1y_return": 0.381, "momentum_3m_return": 0.5205, "momentum_52w_position": 0.9365 }, { "rank": 29, "ticker": "7765.KL", "company": "Rapid Synergy", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #12", "batch": 14, "source_rank": 12, "base_moic": 1.33, "bull_moic": 1.94, "why": "Small-cap optionality, but recurring operations are not clearly cheap.", "tier": "A - Diligence First", "overall_rank": 29, "clean_score": 2.024, "clean_score_pre_accounting_cash_overlay": 1.134, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.374, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (20% 1Y, 98% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "7765.KL", "momentum_1y_return": 0.2029, "momentum_3m_return": 0.1448, "momentum_52w_position": 0.9821 }, { "rank": 30, "ticker": "LSE:0GT8 / EPEN.ST", "company": "Ependion", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #9", "batch": 54, "source_rank": 9, "base_moic": 1.4, "bull_moic": 2, "why": "Quality industrial automation with record order intake, but near highs.", "clean_score": 2.01, "overall_rank": 30, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.36, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.36, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (30% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "EPEN.ST", "momentum_1y_return": 0.2976, "momentum_3m_return": 0.4459, "momentum_52w_position": 1 }, { "rank": 31, "ticker": "CMTL.MI", "company": "COM.TEL", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #4", "batch": 54, "source_rank": 4, "base_moic": 1.9, "bull_moic": 3.1, "why": "Newly public profitable Italian ICT microcap; low float and limited history.", "clean_score": 2.006, "overall_rank": 31, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.606, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Italy", "clean_score_pre_momentum_overlay": 1.706, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (-21% 1Y, 48% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.9x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "CMTL.MI", "momentum_1y_return": -0.2098, "momentum_3m_return": 0.3388, "momentum_52w_position": 0.4815 }, { "rank": 32, "ticker": "MCDIF", "company": "McDermott International", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #8", "batch": 53, "source_rank": 8, "base_moic": 1.6, "bull_moic": 2.55, "why": "Illiquid restructuring equity with revenue/EBITDA recovery; capital structure and OTC liquidity risk.", "clean_score": 1.998, "overall_rank": 32, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.108, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.348, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (102% 1Y, 95% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "MCDIF", "momentum_1y_return": 1.0187, "momentum_3m_return": 0.0189, "momentum_52w_position": 0.9531 }, { "rank": 33, "ticker": "ZZD.JO", "company": "Zeda", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #5", "batch": 17, "source_rank": 5, "base_moic": 1.8, "bull_moic": 2.8, "why": "Cheap fleet/leasing value with dividend support.", "tier": "A - Diligence First", "overall_rank": 33, "clean_score": 1.998, "clean_score_pre_accounting_cash_overlay": 1.398, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "South Africa", "clean_score_pre_momentum_overlay": 1.498, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (25% 1Y, 80% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "ZZD.JO", "momentum_1y_return": 0.2522, "momentum_3m_return": 0.0669, "momentum_52w_position": 0.7959 }, { "rank": 34, "ticker": "3558.T", "company": "JADE Group", "theme": "Medtech, Consumer Turnarounds, Real Estate", "source": "B8 #2", "batch": 8, "source_rank": 2, "base_moic": 1.38, "bull_moic": 2.3, "why": "Best quality-adjusted setup: profitable, compounding, FY2030 target.", "tier": "A - Diligence First", "overall_rank": 34, "clean_score": 1.986, "clean_score_pre_accounting_cash_overlay": 1.236, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 1.336, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (82% 1Y, 93% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "3558.T", "momentum_1y_return": 0.8199, "momentum_3m_return": 0.3757, "momentum_52w_position": 0.9252 }, { "rank": 35, "ticker": "ENQ.L", "company": "EnQuest", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #8", "batch": 25, "source_rank": 8, "base_moic": 1.6, "bull_moic": 2.6, "why": "Cheap/deleveraging with UK fiscal risk.", "tier": "A - Diligence First", "overall_rank": 35, "clean_score": 1.986, "clean_score_pre_accounting_cash_overlay": 1.336, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.336, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (59% 1Y, 84% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "ENQ.L", "momentum_1y_return": 0.5934, "momentum_3m_return": -0.0572, "momentum_52w_position": 0.8427 }, { "rank": 36, "ticker": "MIJ.SI", "company": "Alliance Healthcare", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #15", "batch": 46, "source_rank": 15, "base_moic": 1.5, "bull_moic": 2.3, "why": "Small profitable managed-care/digital-health name with profit growth; poor liquidity.", "clean_score": 1.98, "overall_rank": 36, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.09, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "Singapore", "clean_score_pre_momentum_overlay": 1.33, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (66% 1Y, 88% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "MIJ.SI", "momentum_1y_return": 0.6559, "momentum_3m_return": 0.0769, "momentum_52w_position": 0.8767 }, { "rank": 37, "ticker": "2682.HK", "company": "Yun Lee Marine", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #10", "batch": 51, "source_rank": 10, "base_moic": 1.5, "bull_moic": 2.13, "why": "Tiny profitable marine contractor with low EV, but low visibility/liquidity.", "clean_score": 1.98, "overall_rank": 37, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.09, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.33, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (64% 1Y, 82% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "2682.HK", "momentum_1y_return": 0.64, "momentum_3m_return": 0.1233, "momentum_52w_position": 0.8228 }, { "rank": 38, "ticker": "RDNW", "company": "RideNow Group / RumbleON", "theme": "Powersports Retail, Levered Turnaround", "source": "B61 #2", "batch": 61, "source_rank": 2, "base_moic": 1.81, "bull_moic": 3.23, "why": "Best levered turnaround torque: same-store powersports revenue grew and adjusted EBITDA improved, but FCF was negative and non-vehicle net debt remains material.", "tier": "A - Diligence First", "overall_rank": 38, "clean_score": 1.98, "clean_score_pre_accounting_cash_overlay": 1.4, "accounting_cash_overlay": -0.07, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "United States", "clean_score_pre_momentum_overlay": 1.33, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (291% 1Y, 95% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "RDNW", "momentum_1y_return": 2.9141, "momentum_3m_return": 0.3248, "momentum_52w_position": 0.9527 }, { "rank": 39, "ticker": "PRTC.L", "company": "PureTech Health", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #15", "batch": 47, "source_rank": 15, "base_moic": 1.44, "bull_moic": 2.27, "why": "Asset-value/cash runway idea, not explosive near-term torque.", "clean_score": 1.98, "overall_rank": 39, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.44, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.68, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (1% 1Y, 59% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "PRTC.L", "momentum_1y_return": 0.0062, "momentum_3m_return": 0.0997, "momentum_52w_position": 0.592 }, { "rank": 40, "ticker": "BMNM", "company": "Bimini Capital", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #3", "batch": 40, "source_rank": 3, "base_moic": 2, "bull_moic": 3, "why": "Asset-management pivot, advisory profit, Tom Johnson AUM acquisition; cleaner upside support.", "clean_score": 1.97, "overall_rank": 40, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.47, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.47, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (214% 1Y, 73% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "BMNM", "momentum_1y_return": 2.1398, "momentum_3m_return": -0.0299, "momentum_52w_position": 0.734 }, { "rank": 41, "ticker": "GDP.L", "company": "Goldplat", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #5", "batch": 52, "source_rank": 5, "base_moic": 1.47, "bull_moic": 2, "why": "Gold recovery processor with operating profit/cash and dividends; cleaner than pure mine ramps.", "clean_score": 1.964, "overall_rank": 41, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.214, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.314, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (142% 1Y, 100% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "GDP.L", "momentum_1y_return": 1.4242, "momentum_3m_return": 0.2075, "momentum_52w_position": 1 }, { "rank": 42, "ticker": "7291.T", "company": "Nihon Plast", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #12", "batch": 6, "source_rank": 12, "base_moic": 1.39, "bull_moic": 1.82, "why": "Auto supplier value with dividend support; low-margin cyclicality.", "tier": "A - Diligence First", "overall_rank": 42, "clean_score": 1.948, "clean_score_pre_accounting_cash_overlay": 1.198, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Japan", "clean_score_pre_momentum_overlay": 1.298, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (30% 1Y, 86% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "7291.T", "momentum_1y_return": 0.3042, "momentum_3m_return": 0.092, "momentum_52w_position": 0.8582 }, { "rank": 43, "ticker": "BRM.V", "company": "BIOREM", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #1", "batch": 26, "source_rank": 1, "base_moic": 1.71, "bull_moic": 2.48, "why": "Best profitability/cash/environmental backlog torque.", "tier": "A - Diligence First", "overall_rank": 43, "clean_score": 1.945, "clean_score_pre_accounting_cash_overlay": 1.345, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 1.445, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (51% 1Y, 78% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "BRM.V", "momentum_1y_return": 0.5095, "momentum_3m_return": 0.2192, "momentum_52w_position": 0.7798 }, { "rank": 44, "ticker": "CSN.L", "company": "Chesnara", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #14", "batch": 18, "source_rank": 14, "base_moic": 1.35, "bull_moic": 1.88, "why": "Dividend/consolidator story, not maximum torque.", "tier": "A - Diligence First", "overall_rank": 44, "clean_score": 1.94, "clean_score_pre_accounting_cash_overlay": 1.19, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.29, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (29% 1Y, 90% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "CSN.L", "momentum_1y_return": 0.2906, "momentum_3m_return": 0.0492, "momentum_52w_position": 0.8983 }, { "rank": 45, "ticker": "SZL.SG", "company": "Solstad", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #22", "batch": 53, "source_rank": 22, "base_moic": 1.3, "bull_moic": 1.67, "why": "Good OSV exposure and contracts/dividend, less asymmetric after move.", "clean_score": 1.93, "overall_rank": 45, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.18, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.28, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (74% 1Y, 88% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "SZL.SG", "momentum_1y_return": 0.7408, "momentum_3m_return": 0.0965, "momentum_52w_position": 0.8775 }, { "rank": 46, "ticker": "IRWD", "company": "Ironwood", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #1", "batch": 10, "source_rank": 1, "base_moic": 1.59, "bull_moic": 2.42, "why": "Best risk/reward: real EBITDA, deleveraging, strategic optionality.", "tier": "A - Diligence First", "overall_rank": 46, "clean_score": 1.929, "clean_score_pre_accounting_cash_overlay": 1.429, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.429, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (564% 1Y, 70% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "IRWD", "momentum_1y_return": 5.6441, "momentum_3m_return": 0.2366, "momentum_52w_position": 0.695 }, { "rank": 47, "ticker": "5632.T", "company": "Mitsubishi Steel", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #15", "batch": 37, "source_rank": 15, "base_moic": 1.29, "bull_moic": 1.66, "why": "Low-multiple Japan industrial with dividend support; cyclical recovery needed.", "tier": "A - Diligence First", "overall_rank": 47, "clean_score": 1.928, "clean_score_pre_accounting_cash_overlay": 1.178, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 1.278, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (43% 1Y, 93% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "5632.T", "momentum_1y_return": 0.4318, "momentum_3m_return": 0.1554, "momentum_52w_position": 0.9309 }, { "rank": 48, "ticker": "EAH.L", "company": "Eco Animal Health", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #7", "batch": 54, "source_rank": 7, "base_moic": 1.6, "bull_moic": 3, "why": "Cheap animal-health turnaround with improved trading/margins; China/pork and R&D risks.", "clean_score": 1.92, "overall_rank": 48, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.42, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.42, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (55% 1Y, 70% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "EAH.L", "momentum_1y_return": 0.552, "momentum_3m_return": 0.0052, "momentum_52w_position": 0.7018 }, { "rank": 49, "ticker": "BDCO", "company": "Blue Dolphin Energy", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #3", "batch": 53, "source_rank": 3, "base_moic": 1.9, "bull_moic": 3.55, "why": "Q1 net-income/EPS inflection, but crude-supplier dispute/default and affiliate control are large risks.", "clean_score": 1.912, "overall_rank": 49, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.162, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 1.262, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (108% 1Y, 96% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.9x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "BDCO", "momentum_1y_return": 1.0758, "momentum_3m_return": 0.8514, "momentum_52w_position": 0.9617 }, { "rank": 50, "ticker": "JDSEF / JSE.L", "company": "Jadestone Energy", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #6", "batch": 53, "source_rank": 6, "base_moic": 1.8, "bull_moic": 2.62, "why": "Cleaner production recovery and institutional-quality assets; still operationally volatile.", "clean_score": 1.907, "overall_rank": 50, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.157, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.257, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (54% 1Y, 99% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "JDSEF", "momentum_1y_return": 0.54, "momentum_3m_return": 0.0815, "momentum_52w_position": 0.9873 }, { "rank": 51, "ticker": "210540.KQ", "company": "DY Power", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #2", "batch": 12, "source_rank": 2, "base_moic": 1.5, "bull_moic": 2.14, "why": "Clean cheap industrial with low P/E and likely net cash/low leverage.", "tier": "A - Diligence First", "overall_rank": 51, "clean_score": 1.898, "clean_score_pre_accounting_cash_overlay": 1.758, "accounting_cash_overlay": 0.14, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Energy & Utilities", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.898, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (7% 1Y, 34% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "210540.KQ", "momentum_1y_return": 0.0734, "momentum_3m_return": -0.0351, "momentum_52w_position": 0.3395 }, { "rank": 52, "ticker": "6335.T", "company": "Tokyo Kikai Seisakusho", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #1", "batch": 6, "source_rank": 1, "base_moic": 1.49, "bull_moic": 2.1, "why": "Best deep-value setup; profitable year, tiny market cap, negative EV.", "tier": "A - Diligence First", "overall_rank": 52, "clean_score": 1.89, "clean_score_pre_accounting_cash_overlay": 1.29, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.39, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (61% 1Y, 74% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "6335.T", "momentum_1y_return": 0.6144, "momentum_3m_return": 0.141, "momentum_52w_position": 0.7398 }, { "rank": 53, "ticker": "RSG.AX", "company": "Resolute Mining", "theme": "Metals, Mining, Commodity Cyclicals, Consumer / Infrastructure Corrections", "source": "B55 #4", "batch": 55, "source_rank": 4, "base_moic": 1.43, "bull_moic": 2.13, "why": "Strong gold cash flow and net cash, but now a much larger rerated producer and Mali/Syama risk trims torque.", "clean_score": 1.89, "overall_rank": 53, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.35, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B55 #4", "prior_repass_source": "B52 #7", "sector": "Metals & Materials", "country": "Australia", "clean_score_pre_momentum_overlay": 1.59, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (97% 1Y, 61% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "RSG.AX", "momentum_1y_return": 0.9677, "momentum_3m_return": -0.0687, "momentum_52w_position": 0.6111 }, { "rank": 54, "ticker": "263020.KS", "company": "DK&D", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #7", "batch": 48, "source_rank": 7, "base_moic": 1.76, "bull_moic": 2.71, "why": "Profitable synthetic leather/nonwoven business with rising quarterly revenue; catalyst less visible.", "clean_score": 1.889, "overall_rank": 54, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.489, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.589, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (19% 1Y, 55% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "263020.KS", "momentum_1y_return": 0.1938, "momentum_3m_return": 0.1136, "momentum_52w_position": 0.5486 }, { "rank": 55, "ticker": "GUER", "company": "Guerrilla RF", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #1", "batch": 4, "source_rank": 1, "base_moic": 1.68, "bull_moic": 3.36, "why": "Best operating inflection; revenue +48%, gross margin 69.9%, near breakeven.", "tier": "A - Diligence First", "overall_rank": 55, "clean_score": 1.86, "clean_score_pre_accounting_cash_overlay": 1.21, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "United States", "clean_score_pre_momentum_overlay": 1.21, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (169% 1Y, 95% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "GUER", "momentum_1y_return": 1.6883, "momentum_3m_return": 0.2032, "momentum_52w_position": 0.9463 }, { "rank": 56, "ticker": "AOUT", "company": "American Outdoor Brands", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #16", "batch": 41, "source_rank": 16, "base_moic": 1.4, "bull_moic": 2, "why": "Debt-free buyback-supported consumer optionality, moderate torque.", "clean_score": 1.86, "overall_rank": 56, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.48, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 1.56, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (-26% 1Y, 47% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "AOUT", "momentum_1y_return": -0.2575, "momentum_3m_return": 0.1219, "momentum_52w_position": 0.4653 }, { "rank": 57, "ticker": "7986.T", "company": "Nihon ISK", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #11", "batch": 15, "source_rank": 11, "base_moic": 1.3, "bull_moic": 1.9, "why": "Asset-backed Japanese value, slower catalyst profile.", "tier": "A - Diligence First", "overall_rank": 57, "clean_score": 1.854, "clean_score_pre_accounting_cash_overlay": 1.114, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.354, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (23% 1Y, 73% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "7986.T", "momentum_1y_return": 0.2284, "momentum_3m_return": -0.0259, "momentum_52w_position": 0.734 }, { "rank": 58, "ticker": "FDEV.L", "company": "Frontier Developments", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #1", "batch": 56, "source_rank": 1, "base_moic": 1.6, "bull_moic": 2.22, "why": "Best blend of live turnaround and cleaner balance-sheet risk; FY26 revenue/operating-profit guidance upgraded.", "clean_score": 1.85, "clean_score_pre_accounting_cash_overlay": 1.55, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #1", "overall_rank": 58, "tier": "A - Diligence First", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.55, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (113% 1Y, 57% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "FDEV.L", "momentum_1y_return": 1.1342, "momentum_3m_return": 0.0959, "momentum_52w_position": 0.5716 }, { "rank": 59, "ticker": "RGS", "company": "Regis", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #1", "batch": 41, "source_rank": 1, "base_moic": 2, "bull_moic": 3.2, "why": "Best risk-adjusted turnaround torque; improved salon EBITDA/rent/cash generation, leverage/leases remain.", "clean_score": 1.842, "overall_rank": 59, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.402, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.342, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (32% 1Y, 77% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.0x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "RGS", "momentum_1y_return": 0.3176, "momentum_3m_return": 0.1657, "momentum_52w_position": 0.7692 }, { "rank": 60, "ticker": "0191.HK", "company": "Lai Sun Garment", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #3", "batch": 23, "source_rank": 3, "base_moic": 2.03, "bull_moic": 4.39, "why": "Huge NAV discount, debt-heavy.", "tier": "A - Diligence First", "overall_rank": 60, "clean_score": 1.838, "clean_score_pre_accounting_cash_overlay": 1.458, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.538, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (30% 1Y, 50% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.0x/4.4x.", "momentum_source": "yahoo", "momentum_symbol": "0191.HK", "momentum_1y_return": 0.2982, "momentum_3m_return": 0.0137, "momentum_52w_position": 0.4951 }, { "rank": 61, "ticker": "ZIG.L", "company": "ZIGUP", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #16", "batch": 17, "source_rank": 16, "base_moic": 1.2, "bull_moic": 1.6, "why": "Cheap profitable fleet business, not obscure.", "tier": "A - Diligence First", "overall_rank": 61, "clean_score": 1.836, "clean_score_pre_accounting_cash_overlay": 1.086, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.186, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (25% 1Y, 100% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "ZIG.L", "momentum_1y_return": 0.2471, "momentum_3m_return": 0.06, "momentum_52w_position": 1 }, { "rank": 62, "ticker": "7C3.F / 0400.HK", "company": "Ingdan", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #1", "batch": 54, "source_rank": 1, "base_moic": 2, "bull_moic": 4, "why": "Best torque: AI/semiconductor distribution revenue inflection with low Western coverage; working capital and margin quality risk.", "clean_score": 1.83, "overall_rank": 62, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.49, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.33, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (133% 1Y, 67% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "7C3.F", "momentum_1y_return": 1.3333, "momentum_3m_return": 0.1513, "momentum_52w_position": 0.6741 }, { "ticker": "4490.T", "company": "VISASQ", "theme": "Japan Expert Network, Software Services Turnaround", "source": "B61 #8", "batch": 61, "source_rank": 8, "base_moic": 1.6, "bull_moic": 2.62, "why": "Cheap expert-network turnaround with sharply improved FY2026 net income and low trailing P/E; liquidity and governance discount remain.", "rank": 63, "clean_score_pre_accounting_cash_overlay": 1.25, "sector": "Special Situations", "country": "Japan", "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "clean_score": 1.81, "overall_rank": 63, "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.31, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (-14% 1Y, 65% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "4490.T", "momentum_1y_return": -0.1414, "momentum_3m_return": 0.3117, "momentum_52w_position": 0.6522 }, { "rank": 64, "ticker": "CTM.ST / CTTMF", "company": "Catena Media", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #2", "batch": 44, "source_rank": 2, "base_moic": 2.27, "bull_moic": 4.13, "why": "Highest cheap inflection; revenue/EBITDA recovery but Google/search/regulatory risk.", "clean_score": 1.792, "overall_rank": 64, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.492, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Sweden", "clean_score_pre_momentum_overlay": 1.492, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (40% 1Y, 64% of 52-week range). No major accounting flag is shown. Base/bull case: 2.3x/4.1x.", "momentum_source": "yahoo", "momentum_symbol": "CTM.ST", "momentum_1y_return": 0.4045, "momentum_3m_return": 0.1442, "momentum_52w_position": 0.6367 }, { "rank": 65, "ticker": "UNT.WA", "company": "UNIMOT", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #2", "batch": 59, "source_rank": 2, "base_moic": 1.79, "bull_moic": 3.01, "why": "Operating EBITDA catalysts across fuels/logistics/gas with FY2025 adjusted EBITDA growth; working-capital/commodity risk.", "clean_score": 1.79, "clean_score_pre_accounting_cash_overlay": 1.55, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #2", "overall_rank": 65, "tier": "A - Diligence First", "sector": "Energy & Utilities", "country": "Poland", "clean_score_pre_momentum_overlay": 1.49, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (7% 1Y, 68% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "UNT.WA", "momentum_1y_return": 0.0654, "momentum_3m_return": 0.0596, "momentum_52w_position": 0.6777 }, { "rank": 66, "ticker": "INMD", "company": "InMode", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #4", "batch": 10, "source_rank": 4, "base_moic": 1.57, "bull_moic": 2.28, "why": "Cheap profitable cash-rich reset, but growth weak.", "tier": "A - Diligence First", "overall_rank": 66, "clean_score": 1.789, "clean_score_pre_accounting_cash_overlay": 1.549, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.789, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (-1% 1Y, 33% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "INMD", "momentum_1y_return": -0.0134, "momentum_3m_return": 0.0424, "momentum_52w_position": 0.3264 }, { "rank": 67, "ticker": "CALN.SW", "company": "CALIDA", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #18", "batch": 49, "source_rank": 18, "base_moic": 1.3, "bull_moic": 1.7, "why": "Buyback and recovery story, moderate upside torque.", "clean_score": 1.78, "overall_rank": 67, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.18, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "Switzerland", "clean_score_pre_momentum_overlay": 1.28, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (-4% 1Y, 82% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "CALN.SW", "momentum_1y_return": -0.0375, "momentum_3m_return": 0.3756, "momentum_52w_position": 0.819 }, { "rank": 68, "ticker": "096760.KS", "company": "JW Holdings", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #13", "batch": 46, "source_rank": 13, "base_moic": 1.6, "bull_moic": 2.1, "why": "Low P/E and yield with revenue scale; financial-position risk keeps it mid-pack.", "clean_score": 1.776, "overall_rank": 68, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.416, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.476, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (24% 1Y, 56% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "096760.KS", "momentum_1y_return": 0.2412, "momentum_3m_return": -0.0933, "momentum_52w_position": 0.5634 }, { "rank": 69, "ticker": "TWM.TO", "company": "Tidewater Midstream", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #6", "batch": 25, "source_rank": 6, "base_moic": 1.7, "bull_moic": 2.5, "why": "Turnaround torque with raised EBITDA guide, debt/policy risk.", "tier": "A - Diligence First", "overall_rank": 69, "clean_score": 1.77, "clean_score_pre_accounting_cash_overlay": 1.28, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 1.12, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (327% 1Y, 99% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "TWM.TO", "momentum_1y_return": 3.2659, "momentum_3m_return": 1.189, "momentum_52w_position": 0.9857 }, { "rank": 70, "ticker": "VCM.TO", "company": "Vecima Networks", "theme": "Broadband Infrastructure, DOCSIS 4.0, Deleveraging", "source": "B61 #5", "batch": 61, "source_rank": 5, "base_moic": 1.49, "bull_moic": 2.24, "why": "Broadband infrastructure cycle name with raised calendar-2026 revenue and adjusted EBITDA outlook; net debt is falling.", "tier": "A - Diligence First", "overall_rank": 70, "clean_score": 1.77, "clean_score_pre_accounting_cash_overlay": 1.25, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Property & Infrastructure", "country": "Canada", "clean_score_pre_momentum_overlay": 1.12, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (34% 1Y, 100% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "VCM.TO", "momentum_1y_return": 0.338, "momentum_3m_return": 0.0292, "momentum_52w_position": 1 }, { "rank": 71, "ticker": "BN7.F / CIR.MI", "company": "CIR", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #19", "batch": 46, "source_rank": 19, "base_moic": 1.2, "bull_moic": 1.5, "why": "Holding-company asset value with KOS healthcare exposure and buyback optionality; lower torque.", "clean_score": 1.77, "overall_rank": 71, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.17, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Italy", "clean_score_pre_momentum_overlay": 1.27, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (9% 1Y, 68% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "BN7.F", "momentum_1y_return": 0.0873, "momentum_3m_return": 0.0645, "momentum_52w_position": 0.6833 }, { "rank": 72, "ticker": "105840.KQ", "company": "Woojin", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #2", "batch": 54, "source_rank": 2, "base_moic": 1.9, "bull_moic": 3.5, "why": "Nuclear-theme torque with clean-ish balance sheet; already had large run.", "clean_score": 1.77, "overall_rank": 72, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.47, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.47, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (127% 1Y, 51% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "105840.KQ", "momentum_1y_return": 1.2697, "momentum_3m_return": -0.256, "momentum_52w_position": 0.5102 }, { "rank": 73, "ticker": "3974.T", "company": "SCAT", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #22", "batch": 54, "source_rank": 22, "base_moic": 1.3, "bull_moic": 1.8, "why": "Profitable tiny Japan niche service/software business, catalyst-thin.", "clean_score": 1.768, "overall_rank": 73, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.168, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "Japan", "clean_score_pre_momentum_overlay": 1.268, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (40% 1Y, 66% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "3974.T", "momentum_1y_return": 0.3975, "momentum_3m_return": -0.0341, "momentum_52w_position": 0.6614 }, { "rank": 74, "ticker": "GKP.L", "company": "Gulf Keystone", "theme": "Oil & Gas E&P / Services", "source": "B19 #8", "batch": 19, "source_rank": 8, "base_moic": 1.47, "bull_moic": 2.62, "why": "Big resource/debt-free, but Kurdistan security/payment risk.", "tier": "A - Diligence First", "overall_rank": 74, "clean_score": 1.759, "clean_score_pre_accounting_cash_overlay": 1.379, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.459, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (23% 1Y, 49% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "GKP.L", "momentum_1y_return": 0.2338, "momentum_3m_return": -0.1121, "momentum_52w_position": 0.4866 }, { "rank": 75, "ticker": "101160.KQ", "company": "Worldex", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #3", "batch": 4, "source_rank": 3, "base_moic": 1.58, "bull_moic": 2.21, "why": "Best profitable semiconductor torque in batch.", "tier": "A - Diligence First", "overall_rank": 75, "clean_score": 1.751, "clean_score_pre_accounting_cash_overlay": 1.351, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.451, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (47% 1Y, 55% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "101160.KQ", "momentum_1y_return": 0.4665, "momentum_3m_return": -0.1192, "momentum_52w_position": 0.5476 }, { "rank": 76, "ticker": "ARA.MX", "company": "Consorcio ARA", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #11", "batch": 56, "source_rank": 11, "base_moic": 1.51, "bull_moic": 2.16, "why": "Mexico homebuilder value with profitability and growth, constrained by housing cyclicality.", "clean_score": 1.75, "clean_score_pre_accounting_cash_overlay": 1.1, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #11", "overall_rank": 76, "tier": "A - Diligence First", "sector": "Special Situations", "country": "Mexico", "clean_score_pre_momentum_overlay": 1.1, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (40% 1Y, 88% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "ARA.MX", "momentum_1y_return": 0.3976, "momentum_3m_return": 0.0288, "momentum_52w_position": 0.883 }, { "rank": 77, "ticker": "44C1.F", "company": "Civeo", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #2", "batch": 36, "source_rank": 2, "base_moic": 1.42, "bull_moic": 2.03, "why": "Clear EBITDA inflection with less microcap opacity; Q1 revenue and EBITDA rose strongly.", "tier": "A - Diligence First", "overall_rank": 77, "clean_score": 1.734, "clean_score_pre_accounting_cash_overlay": 1.084, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.084, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (59% 1Y, 91% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "44C1.F", "momentum_1y_return": 0.5912, "momentum_3m_return": 0.1901, "momentum_52w_position": 0.9091 }, { "rank": 78, "ticker": "6258.T", "company": "Hirata", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #4", "batch": 21, "source_rank": 4, "base_moic": 1.33, "bull_moic": 1.93, "why": "Cleaner automation/equipment setup with guidance growth and cash flow.", "tier": "A - Diligence First", "overall_rank": 78, "clean_score": 1.734, "clean_score_pre_accounting_cash_overlay": 1.134, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.234, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (64% 1Y, 65% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "6258.T", "momentum_1y_return": 0.6377, "momentum_3m_return": 0.2027, "momentum_52w_position": 0.6539 }, { "rank": 79, "ticker": "BWO.OL", "company": "BW Offshore", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #11", "batch": 25, "source_rank": 11, "base_moic": 1.4, "bull_moic": 1.9, "why": "Lower-risk FPSO yield/backlog idea.", "tier": "A - Diligence First", "overall_rank": 79, "clean_score": 1.734, "clean_score_pre_accounting_cash_overlay": 1.134, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Norway", "clean_score_pre_momentum_overlay": 1.234, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (47% 1Y, 78% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "BWO.OL", "momentum_1y_return": 0.4666, "momentum_3m_return": -0.0685, "momentum_52w_position": 0.7823 }, { "rank": 80, "ticker": "93V.F / INSTA.OL", "company": "Instabank", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #4", "batch": 49, "source_rank": 4, "base_moic": 1.6, "bull_moic": 2.2, "why": "Small-bank growth with record lending/profit; consumer-credit cycle risk.", "clean_score": 1.732, "overall_rank": 80, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.082, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Norway", "clean_score_pre_momentum_overlay": 1.082, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (96% 1Y, 84% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "93V.F", "momentum_1y_return": 0.9628, "momentum_3m_return": 0.0453, "momentum_52w_position": 0.8412 }, { "rank": 81, "ticker": "NRXS", "company": "Neuraxis", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #11", "batch": 47, "source_rank": 11, "base_moic": 1.72, "bull_moic": 3.03, "why": "Tiny commercial growth with high gross margin and cash, but valuation is high versus current revenue.", "clean_score": 1.714, "overall_rank": 81, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.214, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.214, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (127% 1Y, 76% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "NRXS", "momentum_1y_return": 1.2656, "momentum_3m_return": 0.0372, "momentum_52w_position": 0.7607 }, { "rank": 82, "ticker": "NXT.MI", "company": "Next Geosolutions Europe", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #9", "batch": 59, "source_rank": 9, "base_moic": 1.3, "bull_moic": 1.83, "why": "Strong offshore/marine contract momentum, but valuation is not distressed anymore.", "clean_score": 1.7, "clean_score_pre_accounting_cash_overlay": 1.05, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B59 #9", "overall_rank": 82, "tier": "A - Diligence First", "sector": "Energy & Utilities", "country": "Italy", "clean_score_pre_momentum_overlay": 1.05, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (58% 1Y, 91% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "NXT.MI", "momentum_1y_return": 0.5814, "momentum_3m_return": 0.1102, "momentum_52w_position": 0.9068 }, { "rank": 83, "ticker": "CLOV", "company": "Clover Health", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #11", "batch": 40, "source_rank": 11, "base_moic": 1.5, "bull_moic": 2.4, "why": "Real Medicare Advantage inflection; less obscure.", "clean_score": 1.694, "overall_rank": 83, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.044, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.044, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (2% 1Y, 89% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "CLOV", "momentum_1y_return": 0.0199, "momentum_3m_return": 0.9096, "momentum_52w_position": 0.8915 }, { "rank": 84, "ticker": "DIGI.RO", "company": "Digi Communications", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #7", "batch": 30, "source_rank": 7, "base_moic": 2, "bull_moic": 3.2, "why": "Growth telco with leverage; Q1 revenue/EBITDA growth.", "tier": "A - Diligence First", "overall_rank": 84, "clean_score": 1.692, "clean_score_pre_accounting_cash_overlay": 1.202, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.042, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (115% 1Y, 90% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "DIGI.RO", "momentum_1y_return": 1.1474, "momentum_3m_return": 0.0303, "momentum_52w_position": 0.8966 }, { "rank": 85, "ticker": "APM.TO / 6ZS.F", "company": "Andean Precious Metals", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #3", "batch": 52, "source_rank": 3, "base_moic": 1.51, "bull_moic": 2.3, "why": "Cleaner miner with record Q1, FCF, liquidity, and gold/silver torque; Bolivia/Golden Queen execution risk.", "clean_score": 1.692, "overall_rank": 85, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.092, "accounting_cash_overlay": 0.3, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 1.392, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (258% 1Y, 52% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "APM.TO", "momentum_1y_return": 2.5825, "momentum_3m_return": 0, "momentum_52w_position": 0.5196 }, { "rank": 86, "ticker": "RSKIA", "company": "George Risk Industries", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #9", "batch": 26, "source_rank": 9, "base_moic": 1.3, "bull_moic": 1.62, "why": "Cash-rich illiquid owner-operated value.", "tier": "A - Diligence First", "overall_rank": 86, "clean_score": 1.687, "clean_score_pre_accounting_cash_overlay": 0.947, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.187, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (15% 1Y, 75% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "RSKIA", "momentum_1y_return": 0.1548, "momentum_3m_return": 0.0511, "momentum_52w_position": 0.7506 }, { "rank": 87, "ticker": "8SW.F / ARCH.OL", "company": "Archer", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #3", "batch": 50, "source_rank": 3, "base_moic": 1.59, "bull_moic": 2.27, "why": "Best quality oil-service name in batch: EBITDA, margins, backlog, and shareholder distributions.", "clean_score": 1.68, "overall_rank": 87, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.28, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Norway", "clean_score_pre_momentum_overlay": 1.38, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (27% 1Y, 62% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "8SW.F", "momentum_1y_return": 0.2662, "momentum_3m_return": 0.0285, "momentum_52w_position": 0.615 }, { "rank": 88, "ticker": "6750.TWO", "company": "Tech-Top Engineering", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #7", "batch": 4, "source_rank": 7, "base_moic": 1.13, "bull_moic": 1.63, "why": "Profitable clean-room/engineering exposure; weak near-term revenue signal.", "tier": "A - Diligence First", "overall_rank": 88, "clean_score": 1.676, "clean_score_pre_accounting_cash_overlay": 0.926, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.026, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (47% 1Y, 84% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.1x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "6750.TWO", "momentum_1y_return": 0.4704, "momentum_3m_return": -0.0448, "momentum_52w_position": 0.8365 }, { "rank": 89, "ticker": "XUPB.F", "company": "GENFIT", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #10", "batch": 37, "source_rank": 10, "base_moic": 1.34, "bull_moic": 2.1, "why": "Iqirvo/Ipsen economics and cash runway; stock already rerated.", "tier": "A - Diligence First", "overall_rank": 89, "clean_score": 1.67, "clean_score_pre_accounting_cash_overlay": 1.13, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.37, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit. Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/2.1x.", "momentum_source": "fallback" }, { "rank": 90, "ticker": "DAIO", "company": "Data I/O", "theme": "Electronics, Hardware, Machinery, Materials", "source": "B1 #1", "batch": 1, "source_rank": 1, "base_moic": 1.66, "bull_moic": 2.84, "why": "Best asymmetric microcap setup; proposed acquisition could nearly double revenue.", "tier": "A - Diligence First", "overall_rank": 90, "clean_score": 1.666, "clean_score_pre_accounting_cash_overlay": 1.166, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "United States", "clean_score_pre_momentum_overlay": 1.166, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (27% 1Y, 75% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "DAIO", "momentum_1y_return": 0.268, "momentum_3m_return": 0.2239, "momentum_52w_position": 0.7519 }, { "rank": 91, "ticker": "DNO.OL", "company": "DNO ASA", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #7", "batch": 25, "source_rank": 7, "base_moic": 1.7, "bull_moic": 2.4, "why": "Better quality, less explosive.", "tier": "A - Diligence First", "overall_rank": 91, "clean_score": 1.664, "clean_score_pre_accounting_cash_overlay": 1.164, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": 1.164, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (64% 1Y, 80% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "DNO.OL", "momentum_1y_return": 0.6406, "momentum_3m_return": 0.0589, "momentum_52w_position": 0.8032 }, { "rank": 92, "ticker": "HMY.AX", "company": "Harmoney", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #6", "batch": 40, "source_rank": 6, "base_moic": 1.7, "bull_moic": 2.6, "why": "Fintech lender turnaround with NPAT/ROE momentum and buyback.", "clean_score": 1.66, "overall_rank": 92, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.26, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "Australia", "clean_score_pre_momentum_overlay": 1.36, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (16% 1Y, 55% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "HMY.AX", "momentum_1y_return": 0.1615, "momentum_3m_return": -0.0066, "momentum_52w_position": 0.5495 }, { "rank": 93, "ticker": "3020.T", "company": "Applied Co.", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #5", "batch": 6, "source_rank": 5, "base_moic": 1.48, "bull_moic": 1.98, "why": "Low EV/earnings, dividend, better downside protection.", "tier": "A - Diligence First", "overall_rank": 93, "clean_score": 1.657, "clean_score_pre_accounting_cash_overlay": 1.257, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.357, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (22% 1Y, 53% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "3020.T", "momentum_1y_return": 0.2174, "momentum_3m_return": 0.0051, "momentum_52w_position": 0.5298 }, { "rank": 94, "ticker": "6864.T", "company": "NF Holdings", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #7", "batch": 20, "source_rank": 7, "base_moic": 1.33, "bull_moic": 1.77, "why": "Improving earnings profile, near 52-week high.", "tier": "A - Diligence First", "overall_rank": 94, "clean_score": 1.654, "clean_score_pre_accounting_cash_overlay": 1.004, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.004, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (21% 1Y, 84% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "6864.T", "momentum_1y_return": 0.2147, "momentum_3m_return": 0.1524, "momentum_52w_position": 0.8378 }, { "rank": 95, "ticker": "272290.KQ", "company": "INNOX Advanced Materials", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #5", "batch": 21, "source_rank": 5, "base_moic": 1.43, "bull_moic": 2.06, "why": "Profitable materials name with better downside protection.", "tier": "A - Diligence First", "overall_rank": 95, "clean_score": 1.652, "clean_score_pre_accounting_cash_overlay": 1.252, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.352, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (36% 1Y, 50% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "272290.KQ", "momentum_1y_return": 0.364, "momentum_3m_return": 0.0159, "momentum_52w_position": 0.5 }, { "ticker": "DAR.DE", "company": "DATRON", "theme": "German Micro Industrial, Machinery, Quality Value", "source": "B61 #13", "batch": 61, "source_rank": 13, "base_moic": 1.3, "bull_moic": 1.95, "why": "Quality micro industrial with stable revenue and positive EBIT; less distressed, so less torque.", "rank": 96, "clean_score_pre_accounting_cash_overlay": 1, "sector": "Industrials & Aerospace", "country": "Germany", "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.65, "overall_rank": 96, "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (16% 1Y, 93% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "DAR.DE", "momentum_1y_return": 0.1636, "momentum_3m_return": 0.2973, "momentum_52w_position": 0.9298 }, { "rank": 97, "ticker": "BEVIDESB.MX", "company": "Farmacias Benavides", "theme": "Consumer & Media / Defensive Retail Turnaround", "source": "B58 #12", "batch": 58, "source_rank": 12, "base_moic": 1.31, "bull_moic": 1.73, "why": "Defensive retail turnaround with improved sales/net income; less explosive but controlled downside.", "clean_score": 1.64, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B58 #12", "overall_rank": 97, "tier": "A - Diligence First", "sector": "Special Situations", "country": "Mexico", "clean_score_pre_momentum_overlay": 1.14, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (8% 1Y, 100% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "BEVIDESB.MX", "momentum_1y_return": 0.0833, "momentum_3m_return": 0, "momentum_52w_position": 1 }, { "ticker": "VLE.L", "company": "Volvere", "theme": "UK Special Situations, NAV, Cash Backing", "source": "B60 #13", "batch": 60, "source_rank": 13, "base_moic": 1.21, "bull_moic": 1.63, "why": "Strong balance-sheet special situation with cash/available-for-sale investments, but current price is already above reported NAV.", "rank": 98, "clean_score_pre_accounting_cash_overlay": 0.9, "sector": "Property & Infrastructure", "country": "United Kingdom", "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "clean_score": 1.64, "overall_rank": 98, "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.14, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (20% 1Y, 90% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "VLE.L", "momentum_1y_return": 0.2, "momentum_3m_return": 0.0272, "momentum_52w_position": 0.9032 }, { "rank": 99, "ticker": "023160.KQ", "company": "TK Corp.", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #16", "batch": 49, "source_rank": 16, "base_moic": 1.4, "bull_moic": 2, "why": "Industrial earnings plus buyback/cancellation support; less asymmetric after move.", "clean_score": 1.64, "overall_rank": 99, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.24, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.34, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (89% 1Y, 59% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "023160.KQ", "momentum_1y_return": 0.8947, "momentum_3m_return": 0.2457, "momentum_52w_position": 0.5873 }, { "rank": 100, "ticker": "BRCC", "company": "BRC Inc.", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #6", "batch": 42, "source_rank": 6, "base_moic": 1.71, "bull_moic": 3.14, "why": "Consumer turnaround; revenue growth, margin pressure from coffee/tariffs.", "clean_score": 1.634, "overall_rank": 100, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.134, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.134, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (-6% 1Y, 80% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "BRCC", "momentum_1y_return": -0.0591, "momentum_3m_return": 0.9886, "momentum_52w_position": 0.8007 }, { "rank": 101, "ticker": "3025.TW", "company": "Loop Telecom", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #10", "batch": 15, "source_rank": 10, "base_moic": 1.4, "bull_moic": 2, "why": "Profitable small telecom equipment, cleaner downside.", "tier": "A - Diligence First", "overall_rank": 101, "clean_score": 1.63, "clean_score_pre_accounting_cash_overlay": 1.23, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.33, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (22% 1Y, 64% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "3025.TW", "momentum_1y_return": 0.2229, "momentum_3m_return": -0.0062, "momentum_52w_position": 0.6418 }, { "rank": 102, "ticker": "DDI", "company": "DoubleDown Interactive", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #1", "batch": 39, "source_rank": 1, "base_moic": 1.82, "bull_moic": 2.64, "why": "Best combination of cash generation and valuation; controller/governance and social-casino multiple risk remain.", "tier": "A - Diligence First", "overall_rank": 102, "clean_score": 1.62, "clean_score_pre_accounting_cash_overlay": 1.05, "accounting_cash_overlay": -0.08, "accounting_risk_flag": "watch", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.97, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (24% 1Y, 97% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.8x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "DDI", "momentum_1y_return": 0.2375, "momentum_3m_return": 0.4018, "momentum_52w_position": 0.9732 }, { "rank": 103, "ticker": "OKEA / 3SX.F", "company": "OKEA", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #12", "batch": 53, "source_rank": 12, "base_moic": 1.4, "bull_moic": 1.82, "why": "Solid operator, but already near high and less asymmetric.", "clean_score": 1.619, "overall_rank": 103, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 0.869, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.969, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (161% 1Y, 97% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "3SX.F", "momentum_1y_return": 1.6087, "momentum_3m_return": 0.1098, "momentum_52w_position": 0.9683 }, { "rank": 104, "ticker": "GSP.MI", "company": "Gas Plus", "theme": "Oil & Gas E&P / Services", "source": "B19 #12", "batch": 19, "source_rank": 12, "base_moic": 1.45, "bull_moic": 2.22, "why": "Cheap Italian gas/dividend name.", "tier": "A - Diligence First", "overall_rank": 104, "clean_score": 1.61, "clean_score_pre_accounting_cash_overlay": 1.21, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Italy", "clean_score_pre_momentum_overlay": 1.31, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (66% 1Y, 59% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "GSP.MI", "momentum_1y_return": 0.6601, "momentum_3m_return": -0.1605, "momentum_52w_position": 0.5931 }, { "rank": 105, "ticker": "6220.TWO", "company": "YFC-Boneagle", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #17", "batch": 36, "source_rank": 17, "base_moic": 1.18, "bull_moic": 1.69, "why": "Profitable and dividend-paying, but earnings weakened.", "tier": "A - Diligence First", "overall_rank": 105, "clean_score": 1.609, "clean_score_pre_accounting_cash_overlay": 1.209, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.309, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (53% 1Y, 48% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "6220.TWO", "momentum_1y_return": 0.5261, "momentum_3m_return": -0.1227, "momentum_52w_position": 0.4831 }, { "rank": 106, "ticker": "QTRH.TO", "company": "Quarterhill", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #8", "batch": 39, "source_rank": 8, "base_moic": 1.56, "bull_moic": 2.33, "why": "Turnaround ITS platform with backlog and AI-driven positioning; execution/cash-burn risk.", "tier": "A - Diligence First", "overall_rank": 106, "clean_score": 1.606, "clean_score_pre_accounting_cash_overlay": 0.856, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "Canada", "clean_score_pre_momentum_overlay": 0.956, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (23% 1Y, 100% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "QTRH.TO", "momentum_1y_return": 0.2333, "momentum_3m_return": 0.6972, "momentum_52w_position": 1 }, { "rank": 107, "ticker": "OKEA.OL", "company": "OKEA", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #10", "batch": 25, "source_rank": 10, "base_moic": 1.4, "bull_moic": 1.9, "why": "Solid but less asymmetric after rerating.", "tier": "A - Diligence First", "overall_rank": 107, "clean_score": 1.604, "clean_score_pre_accounting_cash_overlay": 0.954, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": 0.954, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (141% 1Y, 91% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "OKEA.OL", "momentum_1y_return": 1.4119, "momentum_3m_return": 0.069, "momentum_52w_position": 0.9083 }, { "rank": 108, "ticker": "1861.HK", "company": "Precious Dragon", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #16", "batch": 30, "source_rank": 16, "base_moic": 1.6, "bull_moic": 2.4, "why": "Cheap niche aerosol-products business, multiple-normalization upside.", "tier": "A - Diligence First", "overall_rank": 108, "clean_score": 1.604, "clean_score_pre_accounting_cash_overlay": 1.104, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.104, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (88% 1Y, 73% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "1861.HK", "momentum_1y_return": 0.8839, "momentum_3m_return": 0.153, "momentum_52w_position": 0.7347 }, { "rank": 109, "ticker": "6769.T", "company": "THine Electronics", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #3", "batch": 20, "source_rank": 3, "base_moic": 1.46, "bull_moic": 2.12, "why": "Semiconductor turnaround with net-cash support and sharp Q1 recovery.", "tier": "A - Diligence First", "overall_rank": 109, "clean_score": 1.603, "clean_score_pre_accounting_cash_overlay": 1.003, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.103, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (31% 1Y, 68% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "6769.T", "momentum_1y_return": 0.3116, "momentum_3m_return": 0.2952, "momentum_52w_position": 0.6848 }, { "rank": 110, "ticker": "AJLGF / AJL.AX", "company": "AJ Lucas", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #28", "batch": 53, "source_rank": 28, "base_moic": 1.9, "bull_moic": 5, "why": "Raw shale optionality, but political/financing/structural risks are extreme.", "clean_score": 1.602, "overall_rank": 110, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.162, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Australia", "clean_score_pre_momentum_overlay": 1.102, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (96% 1Y, 82% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.9x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "AJLGF", "momentum_1y_return": 0.9556, "momentum_3m_return": -0.0222, "momentum_52w_position": 0.8169 }, { "rank": 111, "ticker": "EGTX.ST", "company": "Egetis Therapeutics", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #1", "batch": 42, "source_rank": 1, "base_moic": 1.79, "bull_moic": 3.28, "why": "Best catalyst torque; FDA accepted Emcitate NDA with Priority Review/PDUFA.", "clean_score": 1.601, "overall_rank": 111, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 0.951, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.951, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (107% 1Y, 98% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/3.3x.", "momentum_source": "yahoo", "momentum_symbol": "EGTX.ST", "momentum_1y_return": 1.0743, "momentum_3m_return": 0.2294, "momentum_52w_position": 0.9813 }, { "rank": 112, "ticker": "3141.TWO", "company": "Ultra Chip", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #3", "batch": 21, "source_rank": 3, "base_moic": 1.37, "bull_moic": 2.14, "why": "Display-driver IC recovery candidate.", "tier": "A - Diligence First", "overall_rank": 112, "clean_score": 1.6, "clean_score_pre_accounting_cash_overlay": 0.95, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.95, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (19% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "3141.TWO", "momentum_1y_return": 0.1864, "momentum_3m_return": 0.5619, "momentum_52w_position": 1 }, { "rank": 113, "ticker": "0816.HK / TZ0.F", "company": "Jinmao Property Services", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #2", "batch": 45, "source_rank": 2, "base_moic": 1.8, "bull_moic": 2.5, "why": "Profitable cheap property-services compounder; parent/property linkage risk.", "clean_score": 1.6, "overall_rank": 113, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.5, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.6, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (-9% 1Y, 34% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "0816.HK", "momentum_1y_return": -0.0884, "momentum_3m_return": 0.1356, "momentum_52w_position": 0.3364 }, { "rank": 114, "ticker": "3320.T", "company": "Cross Plus", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #13", "batch": 44, "source_rank": 13, "base_moic": 1.39, "bull_moic": 2.08, "why": "Cheap Japan apparel value with dividend.", "clean_score": 1.598, "overall_rank": 114, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.198, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Japan", "clean_score_pre_momentum_overlay": 1.298, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (25% 1Y, 63% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "3320.T", "momentum_1y_return": 0.2474, "momentum_3m_return": -0.0474, "momentum_52w_position": 0.6259 }, { "rank": 115, "ticker": "MLVN.L", "company": "Malvern International", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #3", "batch": 18, "source_rank": 3, "base_moic": 1.82, "bull_moic": 3.41, "why": "Tiny education turnaround with university-partnership growth.", "tier": "A - Diligence First", "overall_rank": 115, "clean_score": 1.597, "clean_score_pre_accounting_cash_overlay": 1.297, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.297, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (7% 1Y, 83% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "MLVN.L", "momentum_1y_return": 0.0732, "momentum_3m_return": -0.0222, "momentum_52w_position": 0.8291 }, { "rank": 116, "ticker": "IPT.V", "company": "IMPACT Silver", "theme": "Metals, Mining, Commodity Cyclicals, Consumer / Infrastructure Corrections", "source": "B55 #1", "batch": 55, "source_rank": 1, "base_moic": 2.26, "bull_moic": 3.87, "why": "Best inflection in batch: Q1 revenue nearly tripled, record net income, silver leverage, still small enough for rerating.", "clean_score": 1.59, "overall_rank": 116, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.65, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B55 #1", "prior_repass_source": "B51 #1", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 1.59, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (72% 1Y, 34% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.3x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "IPT.V", "momentum_1y_return": 0.7222, "momentum_3m_return": 0.1481, "momentum_52w_position": 0.3421 }, { "rank": 117, "ticker": "2693.T", "company": "YKT", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #8", "batch": 41, "source_rank": 8, "base_moic": 1.6, "bull_moic": 2.2, "why": "Tiny Japan machinery/importer cyclicality; less underwritable.", "clean_score": 1.582, "overall_rank": 117, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 0.932, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Japan", "clean_score_pre_momentum_overlay": 0.932, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (41% 1Y, 89% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "2693.T", "momentum_1y_return": 0.4091, "momentum_3m_return": 0.3478, "momentum_52w_position": 0.8898 }, { "rank": 118, "ticker": "AUQ.AX", "company": "Alara Resources", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #5", "batch": 9, "source_rank": 5, "base_moic": 2.81, "bull_moic": 5, "why": "Highest microcap producer torque, but debt/minority/structure risk.", "tier": "A - Diligence First", "overall_rank": 118, "clean_score": 1.58, "clean_score_pre_accounting_cash_overlay": 1.74, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Australia", "clean_score_pre_momentum_overlay": 1.58, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (24% 1Y, 32% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.8x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "AUQ.AX", "momentum_1y_return": 0.24, "momentum_3m_return": -0.0313, "momentum_52w_position": 0.3214 }, { "rank": 119, "ticker": "DRD.JO", "company": "DRDGOLD", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #12", "batch": 37, "source_rank": 12, "base_moic": 1.26, "bull_moic": 1.72, "why": "Debt-free gold tailings platform with cash build, but gold strength already visible.", "tier": "A - Diligence First", "overall_rank": 119, "clean_score": 1.579, "clean_score_pre_accounting_cash_overlay": 1.199, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "South Africa", "clean_score_pre_momentum_overlay": 1.279, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (62% 1Y, 52% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "DRD.JO", "momentum_1y_return": 0.6172, "momentum_3m_return": -0.0814, "momentum_52w_position": 0.5234 }, { "rank": 120, "ticker": "STA.BK", "company": "Sri Trang Agro", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #9", "batch": 16, "source_rank": 9, "base_moic": 1.5, "bull_moic": 2.14, "why": "Rubber-cycle recovery.", "tier": "A - Diligence First", "overall_rank": 120, "clean_score": 1.578, "clean_score_pre_accounting_cash_overlay": 0.928, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.928, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (42% 1Y, 90% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "STA.BK", "momentum_1y_return": 0.4179, "momentum_3m_return": 0.1875, "momentum_52w_position": 0.8958 }, { "rank": 121, "ticker": "123860.KQ", "company": "Anapass", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #18", "batch": 54, "source_rank": 18, "base_moic": 1.5, "bull_moic": 2.9, "why": "Semiconductor/AI-interconnect optionality but weak confirmed financial visibility.", "clean_score": 1.574, "overall_rank": 121, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.074, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.074, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (-0% 1Y, 79% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "123860.KQ", "momentum_1y_return": -0.001, "momentum_3m_return": 0.2131, "momentum_52w_position": 0.7911 }, { "rank": 122, "ticker": "ADVT.L", "company": "AdvancedAdvT", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #8", "batch": 18, "source_rank": 8, "base_moic": 1.48, "bull_moic": 2.06, "why": "Cleaner cash-rich software roll-up.", "tier": "A - Diligence First", "overall_rank": 122, "clean_score": 1.572, "clean_score_pre_accounting_cash_overlay": 1.332, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Technology & Digital", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.572, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (5% 1Y, 27% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "ADVT.L", "momentum_1y_return": 0.0484, "momentum_3m_return": -0.0152, "momentum_52w_position": 0.2692 }, { "rank": 123, "ticker": "DH", "company": "Definitive Healthcare", "theme": "Software, Data, Adtech, Services", "source": "B22 #1", "batch": 22, "source_rank": 1, "base_moic": 2.8, "bull_moic": 5.2, "why": "Best asymmetry; net cash-ish balance sheet and low EV if retention stabilizes.", "tier": "A - Diligence First", "overall_rank": 123, "clean_score": 1.57, "clean_score_pre_accounting_cash_overlay": 2.18, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 2.42, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Ranks in diligence first: weak/stagnant momentum is a rank penalty (-73% 1Y, 1% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.8x/5.2x.", "momentum_source": "yahoo", "momentum_symbol": "DH", "momentum_1y_return": -0.7264, "momentum_3m_return": -0.1972, "momentum_52w_position": 0.0146 }, { "rank": 124, "ticker": "AX9.F / AKBA", "company": "Akebia Therapeutics", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #1", "batch": 46, "source_rank": 1, "base_moic": 2.7, "bull_moic": 5.4, "why": "Best blend of launch torque, product revenue, and cash runway; Vafseo ramp offsets Auryxia/generic and label risk.", "clean_score": 1.57, "overall_rank": 124, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 2.18, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 2.42, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Ranks in diligence first: weak/stagnant momentum is a rank penalty (-67% 1Y, 0% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.7x/5.4x.", "momentum_source": "yahoo", "momentum_symbol": "AX9.F", "momentum_1y_return": -0.6689, "momentum_3m_return": -0.3691, "momentum_52w_position": 0 }, { "rank": 125, "ticker": "CEPAT.KL", "company": "Cepatwawasan Group", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #12", "batch": 30, "source_rank": 12, "base_moic": 1.8, "bull_moic": 3, "why": "Oil palm plus hidden renewable value; local market-cap mismatch noted.", "tier": "A - Diligence First", "overall_rank": 125, "clean_score": 1.56, "clean_score_pre_accounting_cash_overlay": 1.26, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.26, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (19% 1Y, 63% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "CEPAT.KL", "momentum_1y_return": 0.1875, "momentum_3m_return": 0, "momentum_52w_position": 0.6279 }, { "rank": 126, "ticker": "PHI.L", "company": "Pacific Horizon Investment Trust", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #23", "batch": 30, "source_rank": 23, "base_moic": 1.25, "bull_moic": 1.6, "why": "Data mismatch: listed trust discount/NAV trade, not microcap torque.", "tier": "A - Diligence First", "overall_rank": 126, "clean_score": 1.556, "clean_score_pre_accounting_cash_overlay": 0.846, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.906, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (84% 1Y, 91% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "PHI.L", "momentum_1y_return": 0.8358, "momentum_3m_return": 0.1861, "momentum_52w_position": 0.912 }, { "rank": 127, "ticker": "4238.T", "company": "Miraial", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #16", "batch": 35, "source_rank": 16, "base_moic": 1.2, "bull_moic": 1.6, "why": "Net-cash-ish semiconductor materials name with dividend support, but FY profit fell sharply.", "tier": "A - Diligence First", "overall_rank": 127, "clean_score": 1.556, "clean_score_pre_accounting_cash_overlay": 0.956, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.056, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (5% 1Y, 70% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "4238.T", "momentum_1y_return": 0.0516, "momentum_3m_return": 0.1437, "momentum_52w_position": 0.6984 }, { "rank": 128, "ticker": "7050.T", "company": "Frontier International", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #4", "batch": 46, "source_rank": 4, "base_moic": 1.7, "bull_moic": 2.4, "why": "Cheap Japan event/marketing recovery with strong Q3 revenue and operating-profit acceleration.", "clean_score": 1.554, "overall_rank": 128, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.254, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 1.254, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (55% 1Y, 64% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "7050.T", "momentum_1y_return": 0.5508, "momentum_3m_return": -0.0587, "momentum_52w_position": 0.6368 }, { "rank": 129, "ticker": "265560.KQ", "company": "Younghwa Tech", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #6", "batch": 15, "source_rank": 6, "base_moic": 1.8, "bull_moic": 2.8, "why": "EV/auto parts torque with order flow and capital-return signaling.", "tier": "A - Diligence First", "overall_rank": 129, "clean_score": 1.548, "clean_score_pre_accounting_cash_overlay": 1.248, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.248, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (10% 1Y, 51% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "265560.KQ", "momentum_1y_return": 0.0986, "momentum_3m_return": 0.0676, "momentum_52w_position": 0.5098 }, { "rank": 130, "ticker": "4078.T", "company": "Sakai Chemical", "theme": "MLCC / AI Passive Components", "source": "MLCC #3", "batch": 98, "source_rank": 3, "base_moic": 1.49, "bull_moic": 1.94, "why": "Best risk-adjusted MLCC material name; asset-backed upstream electronic-materials exposure with lower downside.", "tier": "A - Diligence First", "overall_rank": 130, "clean_score": 2.15, "clean_score_pre_accounting_cash_overlay": 2.15, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "quality/assets", "sector": "MLCC", "country": "Japan", "clean_score_pre_momentum_overlay": 1.85, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first in the MLCC stack: positive momentum shows 32% 1Y and 51% of the 52-week range. Best risk-adjusted MLCC material name; asset-backed upstream electronic-materials exposure with lower downside. Base/bull case: 1.5x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "4078.T", "momentum_1y_return": 0.3156862745098039, "momentum_3m_return": -0.04415954415954415, "momentum_52w_position": 0.5069152134696332, "refreshed_from": "B5 #6", "sector_rank": 3, "bear_moic": 0.83 }, { "rank": 131, "ticker": "EPSN", "company": "Epsilon Energy", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #20", "batch": 53, "source_rank": 20, "base_moic": 1.3, "bull_moic": 1.61, "why": "Solid EBITDA/net income, lower torque and already partly recognized.", "clean_score": 1.547, "overall_rank": 131, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.147, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 1.247, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (-13% 1Y, 48% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "EPSN", "momentum_1y_return": -0.1276, "momentum_3m_return": 0.0724, "momentum_52w_position": 0.4758 }, { "rank": 132, "ticker": "7717.T", "company": "V-Technology", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #10", "batch": 39, "source_rank": 10, "base_moic": 1.18, "bull_moic": 1.62, "why": "Semiconductor/display equipment profit recovery, but lower upside after rerating.", "tier": "A - Diligence First", "overall_rank": 132, "clean_score": 1.545, "clean_score_pre_accounting_cash_overlay": 0.895, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.895, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (75% 1Y, 89% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "7717.T", "momentum_1y_return": 0.7504, "momentum_3m_return": 0.1336, "momentum_52w_position": 0.8881 }, { "rank": 133, "ticker": "38380K.KS", "company": "LX Holdings preferred", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #5", "batch": 15, "source_rank": 5, "base_moic": 1.9, "bull_moic": 2.7, "why": "Best boring asymmetric holdco/NAV name.", "tier": "A - Diligence First", "overall_rank": 133, "clean_score": 1.542, "clean_score_pre_accounting_cash_overlay": 1.302, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.542, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (-1% 1Y, 28% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.9x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "38380K.KS", "momentum_1y_return": -0.0096, "momentum_3m_return": -0.0327, "momentum_52w_position": 0.2798 }, { "rank": 134, "ticker": "5121.T", "company": "Fujikura Composites", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #17", "batch": 38, "source_rank": 17, "base_moic": 1.25, "bull_moic": 1.67, "why": "FY26 net profit jumped, but ordinary/operating-profit gap needs earnings-quality diligence.", "tier": "A - Diligence First", "overall_rank": 134, "clean_score": 1.54, "clean_score_pre_accounting_cash_overlay": 1.04, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 1.04, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (73% 1Y, 74% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "5121.T", "momentum_1y_return": 0.7252, "momentum_3m_return": -0.0408, "momentum_52w_position": 0.7427 }, { "rank": 135, "ticker": "ELIOR.PA", "company": "Elior", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #8", "batch": 16, "source_rank": 8, "base_moic": 1.49, "bull_moic": 2.06, "why": "Turnaround/deleveraging case.", "tier": "A - Diligence First", "overall_rank": 135, "clean_score": 1.538, "clean_score_pre_accounting_cash_overlay": 1.238, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "France", "clean_score_pre_momentum_overlay": 1.238, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (-2% 1Y, 60% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "ELIOR.PA", "momentum_1y_return": -0.0154, "momentum_3m_return": 0.1606, "momentum_52w_position": 0.6005 }, { "rank": 136, "ticker": "WDH", "company": "Waterdrop", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #10", "batch": 40, "source_rank": 10, "base_moic": 1.7, "bull_moic": 2.6, "why": "Profitable China insurance/health platform with dividend support.", "clean_score": 1.536, "overall_rank": 136, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.436, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "United States", "clean_score_pre_momentum_overlay": 1.536, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (11% 1Y, 30% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "WDH", "momentum_1y_return": 0.1087, "momentum_3m_return": -0.0727, "momentum_52w_position": 0.3014 }, { "rank": 137, "ticker": "025560.KS", "company": "Mirae Corp", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #4", "batch": 15, "source_rank": 4, "base_moic": 1.6, "bull_moic": 2.4, "why": "Strong fundamental inflection: revenue +87.8%, high margin, cheap P/E/P/B, but stock already ran.", "tier": "A - Diligence First", "overall_rank": 137, "clean_score": 1.534, "clean_score_pre_accounting_cash_overlay": 0.784, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.884, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (164% 1Y, 100% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "025560.KS", "momentum_1y_return": 1.642, "momentum_3m_return": 1.0846, "momentum_52w_position": 1 }, { "rank": 138, "ticker": "LSIN:0QHX / ODL.OL", "company": "Odfjell Drilling", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #11", "batch": 54, "source_rank": 11, "base_moic": 1.4, "bull_moic": 1.9, "why": "Strong cash-return drilling story, more yield/cycle than asymmetric rerate.", "clean_score": 1.534, "overall_rank": 138, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.234, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": 1.234, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (50% 1Y, 63% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "ODL.OL", "momentum_1y_return": 0.4976, "momentum_3m_return": -0.0721, "momentum_52w_position": 0.6267 }, { "rank": 139, "ticker": "HOFI.ST", "company": "Hoist Finance", "theme": "Software, Data, Adtech, Services", "source": "B22 #10", "batch": 22, "source_rank": 10, "base_moic": 1.3, "bull_moic": 1.7, "why": "Good company, less upside after rerating.", "tier": "A - Diligence First", "overall_rank": 139, "clean_score": 1.532, "clean_score_pre_accounting_cash_overlay": 0.882, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.882, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (81% 1Y, 97% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "HOFI.ST", "momentum_1y_return": 0.8123, "momentum_3m_return": 0.1074, "momentum_52w_position": 0.9672 }, { "rank": 140, "ticker": "MAXO.TA", "company": "Max Stock", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #14", "batch": 41, "source_rank": 14, "base_moic": 1.3, "bull_moic": 1.7, "why": "Excellent execution, not as cheap after data cleanup.", "clean_score": 1.532, "overall_rank": 140, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 0.882, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Israel", "clean_score_pre_momentum_overlay": 0.882, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (131% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "MAXO.TA", "momentum_1y_return": 1.3082, "momentum_3m_return": 0.2078, "momentum_52w_position": 1 }, { "rank": 141, "ticker": "XFOR", "company": "X4 Pharmaceuticals", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #21", "batch": 47, "source_rank": 21, "base_moic": 1.46, "bull_moic": 2.52, "why": "Large cash balance, but XOLREMDI sales are still small and diagnosis/label expansion must accelerate.", "clean_score": 1.527, "overall_rank": 141, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.027, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.027, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (36% 1Y, 73% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "XFOR", "momentum_1y_return": 0.361, "momentum_3m_return": -0.0691, "momentum_52w_position": 0.7253 }, { "rank": 142, "ticker": "IFRX", "company": "InflaRx", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #5", "batch": 10, "source_rank": 5, "base_moic": 1.43, "bull_moic": 2.87, "why": "Pipeline optionality, financing solved, but diluted.", "tier": "A - Diligence First", "overall_rank": 142, "clean_score": 1.52, "clean_score_pre_accounting_cash_overlay": 1.03, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.87, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (44% 1Y, 89% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "IFRX", "momentum_1y_return": 0.4438, "momentum_3m_return": 1.7727, "momentum_52w_position": 0.8906 }, { "rank": 143, "ticker": "HRPK.DE", "company": "7C Solarparken", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #6", "batch": 57, "source_rank": 6, "base_moic": 1.49, "bull_moic": 2.13, "why": "Lower torque but better downside: EBITDA beat, net debt down, voluntary buyback offer.", "clean_score": 1.52, "clean_score_pre_accounting_cash_overlay": 1.15, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B57 #6", "overall_rank": 143, "tier": "A - Diligence First", "sector": "Special Situations", "country": "Germany", "clean_score_pre_momentum_overlay": 1.02, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (-6% 1Y, 70% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "HRPK.DE", "momentum_1y_return": -0.0581, "momentum_3m_return": 0.152, "momentum_52w_position": 0.7036 }, { "rank": 144, "ticker": "GURN.SW", "company": "Gurit", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #8", "batch": 13, "source_rank": 8, "base_moic": 1.44, "bull_moic": 2.49, "why": "Composites/wind turnaround; works only if recovery is real.", "tier": "A - Diligence First", "overall_rank": 144, "clean_score": 1.513, "clean_score_pre_accounting_cash_overlay": 1.013, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Switzerland", "clean_score_pre_momentum_overlay": 1.013, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (146% 1Y, 82% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "GURN.SW", "momentum_1y_return": 1.4641, "momentum_3m_return": 0.1763, "momentum_52w_position": 0.8164 }, { "rank": 145, "ticker": "241710.KQ", "company": "Cosmecca Korea", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #2", "batch": 42, "source_rank": 2, "base_moic": 1.65, "bull_moic": 2.2, "why": "Best quality plus torque; strong K-beauty revenue/profit inflection.", "clean_score": 1.512, "overall_rank": 145, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.212, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.212, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (65% 1Y, 50% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "241710.KQ", "momentum_1y_return": 0.6498, "momentum_3m_return": -0.0041, "momentum_52w_position": 0.4953 }, { "rank": 146, "ticker": "7939.T", "company": "Kensoh", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #23", "batch": 54, "source_rank": 23, "base_moic": 1.2, "bull_moic": 1.8, "why": "Stable signage microcap with dividend support, weak catalyst density.", "clean_score": 1.508, "overall_rank": 146, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.108, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.208, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (14% 1Y, 50% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "7939.T", "momentum_1y_return": 0.1357, "momentum_3m_return": -0.0983, "momentum_52w_position": 0.5036 }, { "rank": 147, "ticker": "3717.TW", "company": "Excellence Optoelectronics", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #11", "batch": 21, "source_rank": 11, "base_moic": 1.24, "bull_moic": 1.87, "why": "Auto/LED recovery candidate with thin margins.", "tier": "A - Diligence First", "overall_rank": 147, "clean_score": 1.506, "clean_score_pre_accounting_cash_overlay": 0.856, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.856, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (19% 1Y, 96% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "3717.TW", "momentum_1y_return": 0.192, "momentum_3m_return": 0.2747, "momentum_52w_position": 0.9625 }, { "rank": 148, "ticker": "200726.SZ", "company": "Lu Thai Textile B", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #9", "batch": 37, "source_rank": 9, "base_moic": 1.4, "bull_moic": 1.76, "why": "Deep-value textile exporter with recovery earnings, dividend yield, and low EV/EBITDA.", "tier": "A - Diligence First", "overall_rank": 148, "clean_score": 1.506, "clean_score_pre_accounting_cash_overlay": 1.406, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 1.506, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (5% 1Y, 29% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "200726.SZ", "momentum_1y_return": 0.0471, "momentum_3m_return": -0.1028, "momentum_52w_position": 0.2925 }, { "rank": 149, "ticker": "EGY", "company": "VAALCO Energy", "theme": "Oil & Gas E&P / Services", "source": "B19 #11", "batch": 19, "source_rank": 11, "base_moic": 1.45, "bull_moic": 2.21, "why": "Solid oil beta, less asymmetric.", "tier": "A - Diligence First", "overall_rank": 149, "clean_score": 1.503, "clean_score_pre_accounting_cash_overlay": 1.003, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 1.003, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (78% 1Y, 77% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "EGY", "momentum_1y_return": 0.7842, "momentum_3m_return": 0.0426, "momentum_52w_position": 0.7714 }, { "rank": 150, "ticker": "072870.KQ", "company": "MegaStudy", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #14", "batch": 44, "source_rank": 14, "base_moic": 1.45, "bull_moic": 2.19, "why": "Cheap Korea education value, less fresh catalyst.", "clean_score": 1.501, "overall_rank": 150, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.001, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.001, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (19% 1Y, 68% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "072870.KQ", "momentum_1y_return": 0.1934, "momentum_3m_return": -0.0344, "momentum_52w_position": 0.6811 }, { "rank": 151, "ticker": "053610.KQ", "company": "Protec", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #2", "batch": 3, "source_rank": 2, "base_moic": 1.23, "bull_moic": 1.87, "why": "Higher-quality AI packaging equipment play.", "tier": "A - Diligence First", "overall_rank": 151, "clean_score": 1.5, "clean_score_pre_accounting_cash_overlay": 0.85, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.85, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (322% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "053610.KQ", "momentum_1y_return": 3.2237, "momentum_3m_return": 0.6294, "momentum_52w_position": 1 }, { "rank": 152, "ticker": "7128.KL", "company": "CAM Resources", "theme": "Industrials & Aerospace / Malaysian Microcap Value", "source": "B57 #2", "batch": 57, "source_rank": 2, "base_moic": 2, "bull_moic": 3.17, "why": "Small-cap value inflection with FY2025 revenue/PAT growth and low valuation; no dividend and cyclicality are risks.", "clean_score": 1.5, "clean_score_pre_accounting_cash_overlay": 1.4, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B57 #2", "overall_rank": 152, "tier": "A - Diligence First", "sector": "Metals & Materials", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.5, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (4% 1Y, 32% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.0x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "7128.KL", "momentum_1y_return": 0.037, "momentum_3m_return": -0.125, "momentum_52w_position": 0.3182 }, { "rank": 153, "ticker": "6337.T", "company": "Tesec", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #27", "batch": 37, "source_rank": 27, "base_moic": 1.2, "bull_moic": 1.65, "why": "Semiconductor equipment exposure and buybacks, but valuation not low versus current earnings.", "tier": "A - Diligence First", "overall_rank": 153, "clean_score": 1.499, "clean_score_pre_accounting_cash_overlay": 1.099, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.199, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (53% 1Y, 50% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "6337.T", "momentum_1y_return": 0.5266, "momentum_3m_return": -0.0926, "momentum_52w_position": 0.4994 }, { "rank": 154, "ticker": "005389.KS", "company": "Hyundai Motor S3 pref", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #27", "batch": 16, "source_rank": 27, "base_moic": 1.32, "bull_moic": 1.73, "why": "Solid lower-torque preferred/yield setup.", "tier": "A - Diligence First", "overall_rank": 154, "clean_score": 1.496, "clean_score_pre_accounting_cash_overlay": 0.996, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.996, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (72% 1Y, 69% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "005389.KS", "momentum_1y_return": 0.7168, "momentum_3m_return": 0.0078, "momentum_52w_position": 0.6916 }, { "rank": 155, "ticker": "BWM.SI", "company": "Zheneng Jinjiang Environment", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #4", "batch": 29, "source_rank": 4, "base_moic": 1.69, "bull_moic": 2.37, "why": "Waste-to-energy deep value with actual earnings and yield; debt/subsidy/feedstock risk.", "tier": "A - Diligence First", "overall_rank": 155, "clean_score": 1.496, "clean_score_pre_accounting_cash_overlay": 1.356, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Singapore", "clean_score_pre_momentum_overlay": 1.196, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (28% 1Y, 62% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "BWM.SI", "momentum_1y_return": 0.2778, "momentum_3m_return": -0.1085, "momentum_52w_position": 0.6226 }, { "rank": 156, "ticker": "OBE", "company": "Obsidian Energy", "theme": "Oil & Gas E&P / Services", "source": "B19 #17", "batch": 19, "source_rank": 17, "base_moic": 1.44, "bull_moic": 2.17, "why": "Good oil beta, more discovered.", "tier": "A - Diligence First", "overall_rank": 156, "clean_score": 1.494, "clean_score_pre_accounting_cash_overlay": 0.994, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 0.994, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (163% 1Y, 79% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "OBE", "momentum_1y_return": 1.6287, "momentum_3m_return": 0.4607, "momentum_52w_position": 0.7942 }, { "rank": 157, "ticker": "VOW.OL", "company": "Vow ASA", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #3", "batch": 59, "source_rank": 3, "base_moic": 2.31, "bull_moic": 4.02, "why": "Observable turnaround: Q1 adjusted EBITDA improved from negative to positive; debt/EV and execution risk remain.", "clean_score": 1.49, "clean_score_pre_accounting_cash_overlay": 1.25, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #3", "overall_rank": 157, "tier": "A - Diligence First", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": 1.19, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (58% 1Y, 62% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.3x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "VOW.OL", "momentum_1y_return": 0.5797, "momentum_3m_return": 0.1142, "momentum_52w_position": 0.6214 }, { "rank": 158, "ticker": "DLEKG.TA", "company": "Delek Group", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #22", "batch": 40, "source_rank": 22, "base_moic": 1.3, "bull_moic": 1.8, "why": "Energy holdco cash generation; less mispriced after energy strength.", "clean_score": 1.488, "overall_rank": 158, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.088, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Israel", "clean_score_pre_momentum_overlay": 1.188, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (57% 1Y, 61% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "DLEKG.TA", "momentum_1y_return": 0.5722, "momentum_3m_return": -0.1644, "momentum_52w_position": 0.6074 }, { "rank": 159, "ticker": "TASE:ISRA", "company": "Isramco Negev 2", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #20", "batch": 50, "source_rank": 20, "base_moic": 1.24, "bull_moic": 1.51, "why": "Good Tamar-linked gas asset, but more income/asset exposure than torque.", "clean_score": 1.485, "overall_rank": 159, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 0.835, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Israel", "clean_score_pre_momentum_overlay": 0.835, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (48% 1Y, 93% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "ISRA", "momentum_1y_return": 0.4827, "momentum_3m_return": 0.0757, "momentum_52w_position": 0.9296 }, { "rank": 160, "ticker": "001820.KS", "company": "Samwha Capacitor", "theme": "MLCC / AI Passive Components", "source": "MLCC #8", "batch": 98, "source_rank": 8, "base_moic": 1.07, "bull_moic": 1.82, "why": "Purest small-cap MLCC torque, but now needs margin proof after the rerating.", "tier": "A - Diligence First", "overall_rank": 160, "clean_score": 1.44, "clean_score_pre_accounting_cash_overlay": 1.44, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "MLCC", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.84, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "rank_blurb": "Ranks in diligence first in the MLCC stack: excellent momentum shows 228% 1Y and 100% of the 52-week range. Purest small-cap MLCC torque, but now needs margin proof after the rerating. Base/bull case: 1.1x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "001820.KS", "momentum_1y_return": 2.2757201646090537, "momentum_3m_return": 1.1748633879781423, "momentum_52w_position": 1, "refreshed_from": "B21 #10", "sector_rank": 8, "bear_moic": 0.56 }, { "rank": 161, "ticker": "017940.KS", "company": "E1 Corporation", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #10", "batch": 50, "source_rank": 10, "base_moic": 1.31, "bull_moic": 1.64, "why": "Cheap stable energy distributor with low multiple, lower upside.", "clean_score": 1.482, "overall_rank": 161, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.182, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.182, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (35% 1Y, 54% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "017940.KS", "momentum_1y_return": 0.352, "momentum_3m_return": -0.0792, "momentum_52w_position": 0.5359 }, { "rank": 162, "ticker": "VNCE", "company": "Vince Holding", "theme": "Medtech, Consumer Turnarounds, Real Estate", "source": "B8 #8", "batch": 8, "source_rank": 8, "base_moic": 1.4, "bull_moic": 2.33, "why": "Real but narrower apparel turnaround.", "tier": "A - Diligence First", "overall_rank": 162, "clean_score": 1.48, "clean_score_pre_accounting_cash_overlay": 0.98, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.98, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (172% 1Y, 70% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "VNCE", "momentum_1y_return": 1.7152, "momentum_3m_return": 0.9412, "momentum_52w_position": 0.703 }, { "rank": 163, "ticker": "YGR.TO", "company": "Yangarra Resources", "theme": "Oil & Gas E&P / Services", "source": "B19 #4", "batch": 19, "source_rank": 4, "base_moic": 1.76, "bull_moic": 3.04, "why": "Cheap FFO/EV setup with debt risk.", "tier": "A - Diligence First", "overall_rank": 163, "clean_score": 1.478, "clean_score_pre_accounting_cash_overlay": 0.988, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 0.828, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (59% 1Y, 95% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "YGR.TO", "momentum_1y_return": 0.5914, "momentum_3m_return": 0.1298, "momentum_52w_position": 0.95 }, { "rank": 164, "ticker": "8051.T / OO7.F", "company": "Yamazen", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #19", "batch": 48, "source_rank": 19, "base_moic": 1.23, "bull_moic": 1.64, "why": "Japanese industrial distributor with profit and shareholder-return support; already near highs.", "clean_score": 1.476, "overall_rank": 164, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 0.826, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Japan", "clean_score_pre_momentum_overlay": 0.826, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (28% 1Y, 87% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "8051.T", "momentum_1y_return": 0.2849, "momentum_3m_return": 0.2096, "momentum_52w_position": 0.8662 }, { "rank": 165, "ticker": "IMPP / AR2.F", "company": "Imperial Petroleum", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #6", "batch": 52, "source_rank": 6, "base_moic": 1.48, "bull_moic": 2.17, "why": "Very cheap with cash, no debt, earnings/EBITDA; governance/shipping-cycle/dilution history is the discount.", "clean_score": 1.476, "overall_rank": 165, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.216, "accounting_cash_overlay": -0.24, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.976, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (99% 1Y, 67% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "IMPP", "momentum_1y_return": 0.9921, "momentum_3m_return": 0.0976, "momentum_52w_position": 0.6667 }, { "rank": 166, "ticker": "OLE.MC", "company": "Deoleo", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #3", "batch": 48, "source_rank": 3, "base_moic": 1.65, "bull_moic": 2.76, "why": "Visible brand/olive-oil turnaround with EBITDA and net-profit recovery; commodity volatility risk.", "clean_score": 1.476, "overall_rank": 166, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.176, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.176, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (46% 1Y, 60% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "OLE.MC", "momentum_1y_return": 0.4624, "momentum_3m_return": 0.1624, "momentum_52w_position": 0.6012 }, { "rank": 167, "ticker": "THPLANT.KL", "company": "TH Plantations", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #6", "batch": 14, "source_rank": 6, "base_moic": 1.55, "bull_moic": 2.07, "why": "Solid commodity-cycle value with profit/dividend support.", "tier": "A - Diligence First", "overall_rank": 167, "clean_score": 1.474, "clean_score_pre_accounting_cash_overlay": 1.234, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Metals & Materials", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.474, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (8% 1Y, 43% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "THPLANT.KL", "momentum_1y_return": 0.0841, "momentum_3m_return": -0.0866, "momentum_52w_position": 0.4324 }, { "rank": 168, "ticker": "7613.T", "company": "SIIX", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #14", "batch": 21, "source_rank": 14, "base_moic": 1.21, "bull_moic": 1.61, "why": "EMS/logistics deep value with low margins/equity issuance.", "tier": "A - Diligence First", "overall_rank": 168, "clean_score": 1.473, "clean_score_pre_accounting_cash_overlay": 0.823, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.823, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (22% 1Y, 87% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "7613.T", "momentum_1y_return": 0.2181, "momentum_3m_return": 0.1542, "momentum_52w_position": 0.8658 }, { "rank": 169, "ticker": "8416.T", "company": "Bank of Kochi", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #25", "batch": 49, "source_rank": 25, "base_moic": 1.3, "bull_moic": 1.7, "why": "Profit rebound guidance, but capital adequacy too thin.", "clean_score": 1.472, "overall_rank": 169, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 0.972, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Japan", "clean_score_pre_momentum_overlay": 0.972, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Ranks in diligence first: good momentum supports the rank (73% 1Y, 78% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "8416.T", "momentum_1y_return": 0.7317, "momentum_3m_return": 0.2526, "momentum_52w_position": 0.7761 }, { "rank": 170, "ticker": "MNY", "company": "MoneyHero", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #1", "batch": 49, "source_rank": 1, "base_moic": 2.4, "bull_moic": 4.9, "why": "Best asymmetric inflection: first profitable quarter, revenue growth, cost cuts; CEO transition is the main governance/execution risk.", "clean_score": 1.47, "overall_rank": 170, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 1.55, "accounting_cash_overlay": -0.08, "accounting_risk_flag": "watch", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.47, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Ranks in diligence first: mixed momentum keeps it from ranking higher (85% 1Y, 43% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 2.4x/4.9x.", "momentum_source": "yahoo", "momentum_symbol": "MNY", "momentum_1y_return": 0.8472, "momentum_3m_return": -0.0634, "momentum_52w_position": 0.4258 }, { "rank": 171, "ticker": "ZEFI.CN", "company": "Zefiro Methane", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #4", "batch": 25, "source_rank": 4, "base_moic": 2, "bull_moic": 4, "why": "Carbon-credit/methane torque, improving EBITDA, high execution risk.", "tier": "A - Diligence First", "overall_rank": 171, "clean_score": 1.47, "clean_score_pre_accounting_cash_overlay": 1.55, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.55, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Ranks in diligence first: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 2.0x/4.0x.", "momentum_source": "fallback" }, { "rank": 172, "ticker": "6998.T", "company": "Nippon Tungsten", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #8", "batch": 15, "source_rank": 8, "base_moic": 1.4, "bull_moic": 1.9, "why": "Best Japan value/quality skew; below book and low EV/EBITDA.", "tier": "A - Diligence First", "overall_rank": 172, "clean_score": 1.464, "clean_score_pre_accounting_cash_overlay": 1.064, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.164, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Ranks in diligence first: positive momentum gives it credit (55% 1Y, 54% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "6998.T", "momentum_1y_return": 0.5473, "momentum_3m_return": -0.1869, "momentum_52w_position": 0.5398 }, { "rank": 173, "ticker": "BSPA", "company": "Ballston Spa Bancorp", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #26", "batch": 49, "source_rank": 26, "base_moic": 1, "bull_moic": 1.2, "why": "Low-torque bank with weak Q1 net income.", "clean_score": 1.462, "overall_rank": 173, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 0.712, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.812, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (22% 1Y, 85% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.0x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "BSPA", "momentum_1y_return": 0.2158, "momentum_3m_return": -0.0132, "momentum_52w_position": 0.8462 }, { "rank": 174, "ticker": "SQZ.F / SMHI", "company": "SEACOR Marine", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #12", "batch": 50, "source_rank": 12, "base_moic": 1.36, "bull_moic": 1.91, "why": "Offshore vessel asset torque, but Q1 loss/utilization weak.", "clean_score": 1.461, "overall_rank": 174, "tier": "A - Diligence First", "clean_score_pre_accounting_cash_overlay": 0.811, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 0.811, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (43% 1Y, 83% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "SQZ.F", "momentum_1y_return": 0.4318, "momentum_3m_return": -0.0079, "momentum_52w_position": 0.8289 }, { "rank": 175, "ticker": "HTWS.L", "company": "Helios Towers", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #18", "batch": 17, "source_rank": 18, "base_moic": 1.2, "bull_moic": 1.5, "why": "Good tower asset, not deep-value torque.", "tier": "A - Diligence First", "overall_rank": 175, "clean_score": 1.46, "clean_score_pre_accounting_cash_overlay": 0.81, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.81, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Ranks in diligence first: excellent momentum confirms the setup (109% 1Y, 95% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "HTWS.L", "momentum_1y_return": 1.0855, "momentum_3m_return": 0.2905, "momentum_52w_position": 0.9511 }, { "rank": 176, "ticker": "4886.T", "company": "ASKA Pharma", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #23", "batch": 40, "source_rank": 23, "base_moic": 1.2, "bull_moic": 1.5, "why": "Solid, low torque.", "clean_score": 1.46, "overall_rank": 176, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.81, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.81, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (22% 1Y, 86% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "4886.T", "momentum_1y_return": 0.2184, "momentum_3m_return": 0.2839, "momentum_52w_position": 0.857 }, { "rank": 177, "ticker": "2108.T", "company": "Nippon Beet Sugar", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #20", "batch": 44, "source_rank": 20, "base_moic": 1.13, "bull_moic": 1.44, "why": "Buyback/cancellation and P/B support, already rerated.", "clean_score": 1.454, "overall_rank": 177, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.704, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.804, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (87% 1Y, 87% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "2108.T", "momentum_1y_return": 0.8673, "momentum_3m_return": 0.0083, "momentum_52w_position": 0.8739 }, { "rank": 178, "ticker": "2122.T", "company": "Interspace", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #19", "batch": 40, "source_rank": 19, "base_moic": 1.4, "bull_moic": 1.9, "why": "Japan internet/affiliate ad recovery.", "clean_score": 1.454, "overall_rank": 178, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.954, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Japan", "clean_score_pre_momentum_overlay": 0.954, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (36% 1Y, 70% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "2122.T", "momentum_1y_return": 0.3586, "momentum_3m_return": -0.0507, "momentum_52w_position": 0.6977 }, { "rank": 179, "ticker": "8132.T", "company": "Sinanen Holdings", "theme": "Energy & Utilities / Japan Energy Distributor", "source": "B59 #17", "batch": 59, "source_rank": 17, "base_moic": 1.27, "bull_moic": 1.7, "why": "Solid Japan value with profit growth, balance sheet strength, dividend stability, and treasury cancellation; moderate torque.", "clean_score": 1.45, "clean_score_pre_accounting_cash_overlay": 0.85, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #17", "overall_rank": 179, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.95, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (27% 1Y, 80% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "8132.T", "momentum_1y_return": 0.2748, "momentum_3m_return": 0.1324, "momentum_52w_position": 0.8014 }, { "rank": 180, "ticker": "MLRN.TA", "company": "MLRN Projects", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #7", "batch": 56, "source_rank": 7, "base_moic": 1.44, "bull_moic": 1.96, "why": "Strong profitability screen and Q1 earnings growth; local/geopolitical and credit-risk complexity keep it below cleaner names.", "clean_score": 1.45, "clean_score_pre_accounting_cash_overlay": 1.15, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #7", "overall_rank": 180, "tier": "B - Strong Watchlist", "sector": "Financials & Credit", "country": "Israel", "clean_score_pre_momentum_overlay": 1.15, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (25% 1Y, 56% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "MLRN.TA", "momentum_1y_return": 0.2491, "momentum_3m_return": -0.0523, "momentum_52w_position": 0.563 }, { "rank": 181, "ticker": "2546.TW", "company": "Kedge Construction", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #9", "batch": 56, "source_rank": 9, "base_moic": 1.31, "bull_moic": 1.78, "why": "Solid Taiwan construction value with dividend support; better downside but less torque.", "clean_score": 1.45, "clean_score_pre_accounting_cash_overlay": 1.05, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B56 #9", "overall_rank": 181, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.15, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (9% 1Y, 54% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "2546.TW", "momentum_1y_return": 0.0923, "momentum_3m_return": 0.0132, "momentum_52w_position": 0.5382 }, { "rank": 182, "ticker": "3482.T", "company": "Loadstar Capital", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #4", "batch": 56, "source_rank": 4, "base_moic": 1.62, "bull_moic": 2.2, "why": "Cleaner Japan real-estate compounder with Q1 revenue/EPS surge; less explosive but better quality.", "clean_score": 1.45, "clean_score_pre_accounting_cash_overlay": 1.45, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #4", "overall_rank": 182, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.45, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (14% 1Y, 30% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "3482.T", "momentum_1y_return": 0.1415, "momentum_3m_return": -0.0438, "momentum_52w_position": 0.3034 }, { "rank": 183, "ticker": "LION", "company": "Lionsgate Studios", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #16", "batch": 44, "source_rank": 16, "base_moic": 1.27, "bull_moic": 2.22, "why": "IP/library value, complex structure and film-cycle volatility.", "clean_score": 1.445, "overall_rank": 183, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.795, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.795, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (87% 1Y, 98% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "LION", "momentum_1y_return": 0.8722, "momentum_3m_return": 0.3291, "momentum_52w_position": 0.9777 }, { "rank": 184, "ticker": "092070.KQ", "company": "DNF", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #2", "batch": 21, "source_rank": 2, "base_moic": 1.35, "bull_moic": 2.2, "why": "Semiconductor precursor/materials optionality with strategic ownership angle.", "tier": "B - Strong Watchlist", "overall_rank": 184, "clean_score": 1.442, "clean_score_pre_accounting_cash_overlay": 0.942, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.942, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (107% 1Y, 75% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "092070.KQ", "momentum_1y_return": 1.0706, "momentum_3m_return": 0.1021, "momentum_52w_position": 0.7543 }, { "rank": 185, "ticker": "LSIP.JK", "company": "London Sumatra", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #17", "batch": 25, "source_rank": 17, "base_moic": 1.3, "bull_moic": 1.7, "why": "Cash-rich palm-oil, lower torque.", "tier": "B - Strong Watchlist", "overall_rank": 185, "clean_score": 1.442, "clean_score_pre_accounting_cash_overlay": 1.202, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Energy & Utilities", "country": "Indonesia", "clean_score_pre_momentum_overlay": 1.442, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (6% 1Y, 30% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "LSIP.JK", "momentum_1y_return": 0.0648, "momentum_3m_return": -0.0187, "momentum_52w_position": 0.2985 }, { "rank": 186, "ticker": "7843.TWO", "company": "EmBestor", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #17", "batch": 21, "source_rank": 17, "base_moic": 1.13, "bull_moic": 1.88, "why": "Embedded storage/edge optionality, post-listing valuation risk.", "tier": "B - Strong Watchlist", "overall_rank": 186, "clean_score": 1.441, "clean_score_pre_accounting_cash_overlay": 0.791, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.791, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (212% 1Y, 90% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "7843.TWO", "momentum_1y_return": 2.1243, "momentum_3m_return": 0.375, "momentum_52w_position": 0.9024 }, { "rank": 187, "ticker": "PTRANS.KL", "company": "Perak Transit", "theme": "Property & Infrastructure / Transport Terminals, Malaysia Capitulation", "source": "B58 #2", "batch": 58, "source_rank": 2, "base_moic": 2.05, "bull_moic": 3.09, "why": "Capitulation setup after collapse from 52-week high; FY25 profitability still high margin, but Q1 weakness and debt/impairment concerns matter.", "clean_score": 1.44, "clean_score_pre_accounting_cash_overlay": 1.1, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #2", "overall_rank": 187, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.94, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank. Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/3.1x.", "momentum_source": "fallback" }, { "rank": 188, "ticker": "L19.SI", "company": "Lum Chang", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #17", "batch": 56, "source_rank": 17, "base_moic": 1.34, "bull_moic": 1.88, "why": "Asset-backed Singapore construction/property value; credible but not forceful upside.", "clean_score": 1.44, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B56 #17", "overall_rank": 188, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Singapore", "clean_score_pre_momentum_overlay": 1.14, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (90% 1Y, 62% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "L19.SI", "momentum_1y_return": 0.8983, "momentum_3m_return": 0.1313, "momentum_52w_position": 0.6235 }, { "rank": 189, "ticker": "AMBEA.ST", "company": "Ambea", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #17", "batch": 13, "source_rank": 17, "base_moic": 1.16, "bull_moic": 1.5, "why": "Solid operator, less mispriced after rerating.", "tier": "B - Strong Watchlist", "overall_rank": 189, "clean_score": 1.436, "clean_score_pre_accounting_cash_overlay": 0.786, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.786, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (37% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "AMBEA.ST", "momentum_1y_return": 0.3745, "momentum_3m_return": 0.1128, "momentum_52w_position": 1 }, { "rank": 190, "ticker": "AUTO.OL / 0AAE.L", "company": "AutoStore", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #22", "batch": 38, "source_rank": 22, "base_moic": 1.16, "bull_moic": 1.49, "why": "Excellent business and strong Q1 growth, but valuation near 52-week high limits asymmetry.", "tier": "B - Strong Watchlist", "overall_rank": 190, "clean_score": 1.435, "clean_score_pre_accounting_cash_overlay": 0.785, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.785, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (115% 1Y, 83% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "AUTO.OL", "momentum_1y_return": 1.1533, "momentum_3m_return": 0.1311, "momentum_52w_position": 0.8323 }, { "rank": 191, "ticker": "0025.HK", "company": "Chevalier International", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #1", "batch": 23, "source_rank": 1, "base_moic": 1.96, "bull_moic": 2.94, "why": "Best risk-adjusted setup; near 0.13x book with EPS rebound.", "tier": "B - Strong Watchlist", "overall_rank": 191, "clean_score": 1.432, "clean_score_pre_accounting_cash_overlay": 1.432, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.432, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (5% 1Y, 44% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "0025.HK", "momentum_1y_return": 0.0515, "momentum_3m_return": -0.0169, "momentum_52w_position": 0.4386 }, { "rank": 192, "ticker": "9678.T", "company": "Kanamoto", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #11", "batch": 12, "source_rank": 11, "base_moic": 1.16, "bull_moic": 1.41, "why": "Solid construction equipment rental, low torque near 52-week high.", "tier": "B - Strong Watchlist", "overall_rank": 192, "clean_score": 1.431, "clean_score_pre_accounting_cash_overlay": 0.781, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Japan", "clean_score_pre_momentum_overlay": 0.781, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (49% 1Y, 95% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "9678.T", "momentum_1y_return": 0.4946, "momentum_3m_return": 0.1021, "momentum_52w_position": 0.9478 }, { "rank": 193, "ticker": "104830.KQ", "company": "Wonik Materials", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #4", "batch": 4, "source_rank": 4, "base_moic": 1.37, "bull_moic": 1.81, "why": "Cleaner quality than Worldex, lower torque.", "tier": "B - Strong Watchlist", "overall_rank": 193, "clean_score": 1.431, "clean_score_pre_accounting_cash_overlay": 0.931, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.931, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (123% 1Y, 76% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "104830.KQ", "momentum_1y_return": 1.2337, "momentum_3m_return": 0.0729, "momentum_52w_position": 0.7573 }, { "rank": 194, "ticker": "MTRX", "company": "Matrix Service", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #7", "batch": 59, "source_rank": 7, "base_moic": 1.54, "bull_moic": 2.29, "why": "Cleaner setup: liquidity, no outstanding debt, and $1b backlog; less obscure and less explosive.", "clean_score": 1.43, "clean_score_pre_accounting_cash_overlay": 1.35, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B59 #7", "overall_rank": 194, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.43, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (4% 1Y, 44% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "MTRX", "momentum_1y_return": 0.042, "momentum_3m_return": 0.238, "momentum_52w_position": 0.4421 }, { "rank": 195, "ticker": "UNTC", "company": "Unit Corp.", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #21", "batch": 53, "source_rank": 21, "base_moic": 1.2, "bull_moic": 1.48, "why": "Attractive yield, lower rerating potential.", "clean_score": 1.429, "overall_rank": 195, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.829, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.929, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (32% 1Y, 78% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "UNTC", "momentum_1y_return": 0.3216, "momentum_3m_return": -0.0157, "momentum_52w_position": 0.7793 }, { "rank": 196, "ticker": "9635.T", "company": "Musashino Kogyo", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #15", "batch": 23, "source_rank": 15, "base_moic": 1.22, "bull_moic": 1.58, "why": "Tiny Japanese asset/earnings name.", "tier": "B - Strong Watchlist", "overall_rank": 196, "clean_score": 1.427, "clean_score_pre_accounting_cash_overlay": 0.927, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.927, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (20% 1Y, 78% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "9635.T", "momentum_1y_return": 0.1969, "momentum_3m_return": -0.0448, "momentum_52w_position": 0.7792 }, { "rank": 197, "ticker": "EMM.V", "company": "Giyani Metals", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #2", "batch": 53, "source_rank": 2, "base_moic": 3, "bull_moic": 6, "why": "Highest project-development torque, but construction financing dilution risk is central.", "clean_score": 1.422, "overall_rank": 197, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.252, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 1.122, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (11% 1Y, 57% of 52-week range). Cash-flow or asset support helps. Base/bull case: 3.0x/6.0x.", "momentum_source": "yahoo", "momentum_symbol": "EMM.V", "momentum_1y_return": 0.1111, "momentum_3m_return": 0.4286, "momentum_52w_position": 0.5714 }, { "rank": 198, "ticker": "RBCN", "company": "Rubicon Technology", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #22", "batch": 49, "source_rank": 22, "base_moic": 1.4, "bull_moic": 2.3, "why": "OTC special-sit optionality, inconsistent quote data and thin liquidity.", "clean_score": 1.418, "overall_rank": 198, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.528, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Technology & Digital", "country": "United States", "clean_score_pre_momentum_overlay": 0.768, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (113% 1Y, 93% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "RBCN", "momentum_1y_return": 1.1256, "momentum_3m_return": 0.4667, "momentum_52w_position": 0.9281 }, { "rank": 199, "ticker": "000370.KS", "company": "Hanwha General Insurance", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #8", "batch": 49, "source_rank": 8, "base_moic": 1.5, "bull_moic": 2.1, "why": "Cheap Korean insurer with decent ROE/combined ratio; Q1 profit fell.", "clean_score": 1.416, "overall_rank": 199, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.116, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.116, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (61% 1Y, 57% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "000370.KS", "momentum_1y_return": 0.6117, "momentum_3m_return": 0.0454, "momentum_52w_position": 0.5723 }, { "rank": 200, "ticker": "DEPA.DU", "company": "Depa", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #2", "batch": 26, "source_rank": 2, "base_moic": 1.87, "bull_moic": 2.87, "why": "Net cash, large backlog, Saudi/PIF construction exposure; governance/liquidity risk.", "tier": "B - Strong Watchlist", "overall_rank": 200, "clean_score": 1.414, "clean_score_pre_accounting_cash_overlay": 1.434, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.494, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Accounting/disclosure risk trims the score. Base/bull case: 1.9x/2.9x.", "momentum_source": "fallback" }, { "rank": 201, "ticker": "4973.TWO", "company": "Silicon Power", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #1", "batch": 3, "source_rank": 1, "base_moic": 1.24, "bull_moic": 1.93, "why": "Real earnings inflection, reasonable valuation, and momentum.", "tier": "B - Strong Watchlist", "overall_rank": 201, "clean_score": 1.41, "clean_score_pre_accounting_cash_overlay": 0.76, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.76, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (308% 1Y, 87% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "4973.TWO", "momentum_1y_return": 3.0832, "momentum_3m_return": 0.0998, "momentum_52w_position": 0.8709 }, { "rank": 202, "ticker": "ZVRA / 1GDA.F", "company": "Zevra Therapeutics", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #6", "batch": 41, "source_rank": 6, "base_moic": 1.6, "bull_moic": 2.5, "why": "Rare-disease revenue ramp; execution/pipeline concentration risk.", "clean_score": 1.41, "overall_rank": 202, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.11, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.11, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (18% 1Y, 54% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "ZVRA", "momentum_1y_return": 0.1824, "momentum_3m_return": 0.0723, "momentum_52w_position": 0.5414 }, { "rank": 203, "ticker": "QEC.TO", "company": "Questerre Energy", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #7", "batch": 53, "source_rank": 7, "base_moic": 1.7, "bull_moic": 2.83, "why": "PX acquisition improved production, funds flow, and lifting costs; Quebec remains optionality.", "clean_score": 1.41, "overall_rank": 203, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.31, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Canada", "clean_score_pre_momentum_overlay": 1.41, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (19% 1Y, 41% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "QEC.TO", "momentum_1y_return": 0.1872, "momentum_3m_return": 0.1071, "momentum_52w_position": 0.4091 }, { "rank": 204, "ticker": "5579.T", "company": "GSI", "theme": "Technology & Digital / Software, IT Microcaps", "source": "B56 #13", "batch": 56, "source_rank": 13, "base_moic": 1.46, "bull_moic": 1.98, "why": "Very cheap profitable software/IT microcap with dividend yield and earnings growth; low liquidity caps rank.", "clean_score": 1.41, "clean_score_pre_accounting_cash_overlay": 1.25, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B56 #13", "overall_rank": 204, "tier": "B - Strong Watchlist", "sector": "Technology & Digital", "country": "Japan", "clean_score_pre_momentum_overlay": 1.49, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.0x.", "momentum_source": "fallback" }, { "rank": 205, "ticker": "VLE.TO", "company": "Valeura Energy", "theme": "Oil & Gas E&P / Services", "source": "B19 #15", "batch": 19, "source_rank": 15, "base_moic": 1.32, "bull_moic": 1.94, "why": "Best balance sheet/quality, but price reflects it.", "tier": "B - Strong Watchlist", "overall_rank": 205, "clean_score": 1.408, "clean_score_pre_accounting_cash_overlay": 0.908, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Canada", "clean_score_pre_momentum_overlay": 0.908, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (75% 1Y, 74% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "VLE.TO", "momentum_1y_return": 0.747, "momentum_3m_return": -0.1145, "momentum_52w_position": 0.739 }, { "rank": 206, "ticker": "8005.T", "company": "Scroll", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #28", "batch": 16, "source_rank": 28, "base_moic": 1.12, "bull_moic": 1.39, "why": "Fair value, low torque.", "tier": "B - Strong Watchlist", "overall_rank": 206, "clean_score": 1.405, "clean_score_pre_accounting_cash_overlay": 0.755, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.755, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (59% 1Y, 92% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "8005.T", "momentum_1y_return": 0.5894, "momentum_3m_return": 0.2667, "momentum_52w_position": 0.923 }, { "rank": 207, "ticker": "045970.KQ", "company": "CoAsia", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #3", "batch": 15, "source_rank": 3, "base_moic": 2, "bull_moic": 3.4, "why": "High torque from depressed semis exposure and low P/S; Q4 loss/balance-sheet risk.", "tier": "B - Strong Watchlist", "overall_rank": 207, "clean_score": 1.404, "clean_score_pre_accounting_cash_overlay": 1.404, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.404, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (55% 1Y, 36% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "045970.KQ", "momentum_1y_return": 0.5548, "momentum_3m_return": -0.0871, "momentum_52w_position": 0.3638 }, { "rank": 208, "ticker": "RSI.TO", "company": "Rogers Sugar", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #19", "batch": 44, "source_rank": 19, "base_moic": 1.12, "bull_moic": 1.34, "why": "Income/defensive, not torque.", "clean_score": 1.402, "overall_rank": 208, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.752, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 0.752, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (20% 1Y, 94% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "RSI.TO", "momentum_1y_return": 0.2007, "momentum_3m_return": 0.0121, "momentum_52w_position": 0.9426 }, { "rank": 209, "ticker": "6962.T", "company": "Daishinku", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #20", "batch": 35, "source_rank": 20, "base_moic": 1.1, "bull_moic": 1.5, "why": "Recovery visible, but P/E not cheap enough for major torque.", "tier": "B - Strong Watchlist", "overall_rank": 209, "clean_score": 1.4, "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.75, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (65% 1Y, 95% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "6962.T", "momentum_1y_return": 0.6494, "momentum_3m_return": 0.2927, "momentum_52w_position": 0.9544 }, { "rank": 210, "ticker": "CRRX.TO", "company": "CareRx", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #2", "batch": 11, "source_rank": 2, "base_moic": 1.37, "bull_moic": 1.8, "why": "Best risk-adjusted fundamental value; EBITDA, low leverage, and funding clarity make downside tolerable.", "tier": "B - Strong Watchlist", "overall_rank": 210, "clean_score": 1.4, "clean_score_pre_accounting_cash_overlay": 0.96, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Canada", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (28% 1Y, 71% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "CRRX.TO", "momentum_1y_return": 0.2821, "momentum_3m_return": -0.0427, "momentum_52w_position": 0.7073 }, { "rank": 211, "ticker": "3528.TW", "company": "Macnica Anstek", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #14", "batch": 15, "source_rank": 14, "base_moic": 1.3, "bull_moic": 2, "why": "Semiconductor distribution exposure; quote-source conflict noted.", "tier": "B - Strong Watchlist", "overall_rank": 211, "clean_score": 1.4, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (-7% 1Y, 65% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "3528.TW", "momentum_1y_return": -0.0703, "momentum_3m_return": 0.3429, "momentum_52w_position": 0.6514 }, { "rank": 212, "ticker": "1793.T", "company": "Ohmoto Gumi", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #20", "batch": 56, "source_rank": 20, "base_moic": 1.43, "bull_moic": 1.9, "why": "Solid Japan contractor with revenue/operating-profit growth; less torque.", "clean_score": 1.4, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #20", "overall_rank": 212, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Japan", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (54% 1Y, 71% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "1793.T", "momentum_1y_return": 0.5426, "momentum_3m_return": 0.0017, "momentum_52w_position": 0.7094 }, { "rank": 213, "ticker": "0315.HK", "company": "SmarTone Telecom", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #15", "batch": 13, "source_rank": 15, "base_moic": 1.22, "bull_moic": 1.47, "why": "Good yield/cash generation, weak torque.", "tier": "B - Strong Watchlist", "overall_rank": 213, "clean_score": 1.4, "clean_score_pre_accounting_cash_overlay": 1, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.1, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (12% 1Y, 63% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "0315.HK", "momentum_1y_return": 0.121, "momentum_3m_return": -0.018, "momentum_52w_position": 0.625 }, { "rank": 214, "ticker": "6545.T", "company": "internet infinity", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #10", "batch": 46, "source_rank": 10, "base_moic": 1.5, "bull_moic": 2, "why": "Japan care microcap with revenue/EPS improvement; better quality but lower torque.", "clean_score": 1.4, "overall_rank": 214, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.1, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 1.1, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (7% 1Y, 56% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "6545.T", "momentum_1y_return": 0.074, "momentum_3m_return": -0.0798, "momentum_52w_position": 0.5607 }, { "rank": 215, "ticker": "3300.T", "company": "Ambition DX", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #5", "batch": 56, "source_rank": 5, "base_moic": 1.57, "bull_moic": 2.26, "why": "Japan real-estate/proptech earnings torque at modest valuation with margin improvement.", "clean_score": 1.4, "clean_score_pre_accounting_cash_overlay": 1.4, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #5", "overall_rank": 215, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.4, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (14% 1Y, 33% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "3300.T", "momentum_1y_return": 0.1391, "momentum_3m_return": -0.0934, "momentum_52w_position": 0.3341 }, { "rank": 216, "ticker": "3430.TWO", "company": "CHITEC", "theme": "Electronics, Hardware, Machinery, Materials", "source": "B1 #6", "batch": 1, "source_rank": 6, "base_moic": 1.1, "bull_moic": 1.48, "why": "Solid specialty chemicals, limited torque.", "tier": "B - Strong Watchlist", "overall_rank": 216, "clean_score": 1.399, "clean_score_pre_accounting_cash_overlay": 0.749, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.749, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (228% 1Y, 97% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "3430.TWO", "momentum_1y_return": 2.283, "momentum_3m_return": 1.1168, "momentum_52w_position": 0.97 }, { "rank": 217, "ticker": "2060.T", "company": "Feed One", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #20", "batch": 16, "source_rank": 20, "base_moic": 1.32, "bull_moic": 1.76, "why": "Cheap but lower torque.", "tier": "B - Strong Watchlist", "overall_rank": 217, "clean_score": 1.398, "clean_score_pre_accounting_cash_overlay": 0.898, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.898, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (31% 1Y, 74% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "2060.T", "momentum_1y_return": 0.3068, "momentum_3m_return": 0.0336, "momentum_52w_position": 0.7431 }, { "rank": 218, "ticker": "MYX:MSM", "company": "MSM Malaysia", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #17", "batch": 50, "source_rank": 17, "base_moic": 1.08, "bull_moic": 1.62, "why": "Turnaround only after large annual loss; needs operating recovery.", "clean_score": 1.395, "overall_rank": 218, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.745, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.745, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (34% 1Y, 96% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "MSM", "momentum_1y_return": 0.3438, "momentum_3m_return": 0.2073, "momentum_52w_position": 0.9598 }, { "rank": 219, "ticker": "WEBJF", "company": "Web Travel Group", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #6", "batch": 37, "source_rank": 6, "base_moic": 1.52, "bull_moic": 2.17, "why": "WebBeds record 1H26 TTV/revenue/EBITDA and FY26 EBITDA guide; travel-cycle risk.", "tier": "B - Strong Watchlist", "overall_rank": 219, "clean_score": 1.394, "clean_score_pre_accounting_cash_overlay": 1.094, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.094, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (0% 1Y, 50% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "WEBJF", "momentum_1y_return": 0, "momentum_3m_return": 0, "momentum_52w_position": 0.5 }, { "rank": 220, "ticker": "RAP1V / RAP.F", "company": "Rapala VMC", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #3", "batch": 41, "source_rank": 3, "base_moic": 1.8, "bull_moic": 2.9, "why": "Cheap operational recovery with visible Q1 inflection; balance-sheet/working-capital risk.", "clean_score": 1.394, "overall_rank": 220, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.254, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.094, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (3% 1Y, 45% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "RAP.F", "momentum_1y_return": 0.0333, "momentum_3m_return": 0.1768, "momentum_52w_position": 0.4517 }, { "rank": 221, "ticker": "4369.T", "company": "Tri Chemical Laboratories", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #6", "batch": 20, "source_rank": 6, "base_moic": 1.32, "bull_moic": 1.69, "why": "Best business quality, but market recognizes quality.", "tier": "B - Strong Watchlist", "overall_rank": 221, "clean_score": 1.393, "clean_score_pre_accounting_cash_overlay": 0.893, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.893, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (21% 1Y, 67% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "4369.T", "momentum_1y_return": 0.2092, "momentum_3m_return": 0.2774, "momentum_52w_position": 0.6739 }, { "rank": 222, "ticker": "PFHO", "company": "Pacific Health Care Organization", "theme": "Healthcare & Pharma / Cash-Rich Microcap", "source": "B59 #13", "batch": 59, "source_rank": 13, "base_moic": 1.35, "bull_moic": 2, "why": "Cash-rich profitable illiquid microcap; Q1 customer loss reduces explosive torque.", "clean_score": 1.39, "clean_score_pre_accounting_cash_overlay": 0.85, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B59 #13", "overall_rank": 222, "tier": "B - Strong Watchlist", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.09, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (36% 1Y, 49% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "PFHO", "momentum_1y_return": 0.3625, "momentum_3m_return": -0.0917, "momentum_52w_position": 0.4915 }, { "ticker": "378850.KQ", "company": "KRX 378850 Auto Supplier", "theme": "Korean Auto Supplier, Deep Value, Cyclical", "source": "B60 #9", "batch": 60, "source_rank": 9, "base_moic": 1.65, "bull_moic": 2.56, "why": "Statistically cheap auto supplier on EV/sales and P/E, but material net debt and auto cyclicality cap clean-risk ranking.", "rank": 223, "clean_score_pre_accounting_cash_overlay": 1.25, "sector": "Metals & Materials", "country": "South Korea", "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.39, "overall_rank": 223, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 1.09, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (10% 1Y, 56% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "378850.KQ", "momentum_1y_return": 0.0989, "momentum_3m_return": -0.0437, "momentum_52w_position": 0.5648 }, { "rank": 224, "ticker": "6094.T", "company": "FreakOut Holdings", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #9", "batch": 29, "source_rank": 9, "base_moic": 1.34, "bull_moic": 1.81, "why": "Profitable adtech with recent momentum and less balance-sheet danger.", "tier": "B - Strong Watchlist", "overall_rank": 224, "clean_score": 1.383, "clean_score_pre_accounting_cash_overlay": 0.983, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "Japan", "clean_score_pre_momentum_overlay": 1.083, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (33% 1Y, 56% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "6094.T", "momentum_1y_return": 0.3278, "momentum_3m_return": -0.0199, "momentum_52w_position": 0.5583 }, { "rank": 225, "ticker": "FLNT", "company": "Fluent", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #4", "batch": 40, "source_rank": 4, "base_moic": 2.2, "bull_moic": 4.3, "why": "Commerce Media pivot revenue doubled; still loss-making and execution-sensitive.", "clean_score": 1.38, "overall_rank": 225, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.08, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 1.08, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (40% 1Y, 51% of 52-week range). No major accounting flag is shown. Base/bull case: 2.2x/4.3x.", "momentum_source": "yahoo", "momentum_symbol": "FLNT", "momentum_1y_return": 0.397, "momentum_3m_return": -0.208, "momentum_52w_position": 0.5148 }, { "rank": 226, "ticker": "SAWAEED.AE", "company": "Sawaeed Holding", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #11", "batch": 49, "source_rank": 11, "base_moic": 1.6, "bull_moic": 2.5, "why": "Very cheap on reported earnings, but payout/dividend optics may be unsustainably aggressive.", "clean_score": 1.38, "overall_rank": 226, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.36, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.46, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Cash-flow or asset support helps. Base/bull case: 1.6x/2.5x.", "momentum_source": "fallback" }, { "rank": 227, "ticker": "NAP.BD", "company": "NAP Nyrt.", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #14", "batch": 13, "source_rank": 14, "base_moic": 1.12, "bull_moic": 1.68, "why": "Yield-backed Hungarian solar microcap, limited catalyst visibility.", "tier": "B - Strong Watchlist", "overall_rank": 227, "clean_score": 1.373, "clean_score_pre_accounting_cash_overlay": 0.873, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.873, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (19% 1Y, 73% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "NAP.BD", "momentum_1y_return": 0.1917, "momentum_3m_return": 0.007, "momentum_52w_position": 0.725 }, { "rank": 228, "ticker": "CRNT", "company": "Ceragon", "theme": "Software, Data, Adtech, Services", "source": "B22 #6", "batch": 22, "source_rank": 6, "base_moic": 1.5, "bull_moic": 2.2, "why": "Cheap 5G/backhaul cyclical.", "tier": "B - Strong Watchlist", "overall_rank": 228, "clean_score": 1.372, "clean_score_pre_accounting_cash_overlay": 0.872, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.872, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (7% 1Y, 67% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "CRNT", "momentum_1y_return": 0.069, "momentum_3m_return": 0.0973, "momentum_52w_position": 0.6737 }, { "rank": 229, "ticker": "BTMD", "company": "Biote", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #1", "batch": 47, "source_rank": 1, "base_moic": 2.62, "bull_moic": 4.05, "why": "Best commercial-stage risk/reward: 2026 revenue/adjusted EBITDA guide is large versus market cap; recall and balance-sheet tightness explain discount.", "clean_score": 1.36, "overall_rank": 229, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 2.11, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 2.21, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-46% 1Y, 25% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.6x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "BTMD", "momentum_1y_return": -0.4574, "momentum_3m_return": 0.5441, "momentum_52w_position": 0.2462 }, { "rank": 230, "ticker": "ORL.TA", "company": "Oil Refineries", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #18", "batch": 14, "source_rank": 18, "base_moic": 0.95, "bull_moic": 1.29, "why": "Not a microcap; already rerated with geopolitical risk.", "tier": "B - Strong Watchlist", "overall_rank": 230, "clean_score": 1.357, "clean_score_pre_accounting_cash_overlay": 0.467, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Energy & Utilities", "country": "Israel", "clean_score_pre_momentum_overlay": 0.707, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (97% 1Y, 92% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 0.9x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "ORL.TA", "momentum_1y_return": 0.9746, "momentum_3m_return": 0.3281, "momentum_52w_position": 0.9165 }, { "rank": 231, "ticker": "KSTOF / KIST.L", "company": "Kistos", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #7", "batch": 50, "source_rank": 7, "base_moic": 1.45, "bull_moic": 2.24, "why": "Cash/near-cash and gas/Oman optionality, asset-value rerate potential.", "clean_score": 1.354, "overall_rank": 231, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.704, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.704, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (137% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "KSTOF", "momentum_1y_return": 1.3653, "momentum_3m_return": 0.1302, "momentum_52w_position": 1 }, { "rank": 232, "ticker": "ATMTF", "company": "Andrada Mining", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #2", "batch": 4, "source_rank": 2, "base_moic": 1.63, "bull_moic": 3.09, "why": "Tin/tantalum/lithium optionality with SQM earn-in.", "tier": "B - Strong Watchlist", "overall_rank": 232, "clean_score": 1.353, "clean_score_pre_accounting_cash_overlay": 0.863, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "United States", "clean_score_pre_momentum_overlay": 0.703, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (64% 1Y, 86% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.6x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "ATMTF", "momentum_1y_return": 0.6441, "momentum_3m_return": 0.1367, "momentum_52w_position": 0.8571 }, { "rank": 233, "ticker": "MAS.OL", "company": "Masoval", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #17", "batch": 18, "source_rank": 17, "base_moic": 1.17, "bull_moic": 1.69, "why": "Salmon ownership-process optionality, already discounts better cycle.", "tier": "B - Strong Watchlist", "overall_rank": 233, "clean_score": 1.353, "clean_score_pre_accounting_cash_overlay": 0.703, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Norway", "clean_score_pre_momentum_overlay": 0.703, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (39% 1Y, 94% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "MAS.OL", "momentum_1y_return": 0.3941, "momentum_3m_return": 0.4242, "momentum_52w_position": 0.9355 }, { "rank": 234, "ticker": "120240.KQ", "company": "Daejung Chemicals", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #11", "batch": 37, "source_rank": 11, "base_moic": 1.32, "bull_moic": 1.68, "why": "Deep-value Korean fine-chemicals small cap with low P/E/P/B and dividend.", "tier": "B - Strong Watchlist", "overall_rank": 234, "clean_score": 1.353, "clean_score_pre_accounting_cash_overlay": 1.193, "accounting_cash_overlay": 0.16, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.353, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-1% 1Y, 46% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "120240.KQ", "momentum_1y_return": -0.0111, "momentum_3m_return": -0.0132, "momentum_52w_position": 0.4563 }, { "rank": 235, "ticker": "3071.TWO", "company": "ADDA", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #13", "batch": 36, "source_rank": 13, "base_moic": 1.23, "bull_moic": 1.88, "why": "AI thermal/cooling theme with strong Q1 rebound, but valuation is elevated.", "tier": "B - Strong Watchlist", "overall_rank": 235, "clean_score": 1.351, "clean_score_pre_accounting_cash_overlay": 0.851, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.851, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (52% 1Y, 77% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "3071.TWO", "momentum_1y_return": 0.5205, "momentum_3m_return": 0.1382, "momentum_52w_position": 0.7664 }, { "rank": 236, "ticker": "JSE:IVT / I5J.F", "company": "Invicta Holdings", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #26", "batch": 52, "source_rank": 26, "base_moic": 1.21, "bull_moic": 1.58, "why": "Cheap profitable South African industrial distributor, low torque.", "clean_score": 1.351, "overall_rank": 236, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.751, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Industrials & Aerospace", "country": "South Africa", "clean_score_pre_momentum_overlay": 0.851, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (19% 1Y, 93% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "IVT", "momentum_1y_return": 0.1884, "momentum_3m_return": 0.0246, "momentum_52w_position": 0.9308 }, { "rank": 237, "ticker": "BIKE.DE / 0AAT.L", "company": "BIKE24", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #4", "batch": 39, "source_rank": 4, "base_moic": 1.66, "bull_moic": 2.41, "why": "Clean e-commerce inflection with FY25 EBITDA beat and Q1 2026 revenue growth/positive EBITDA.", "tier": "B - Strong Watchlist", "overall_rank": 237, "clean_score": 1.351, "clean_score_pre_accounting_cash_overlay": 1.251, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.351, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (19% 1Y, 42% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "BIKE.DE", "momentum_1y_return": 0.1872, "momentum_3m_return": -0.0882, "momentum_52w_position": 0.416 }, { "rank": 238, "ticker": "4383.KL", "company": "Jaya Tiasa", "theme": "Consumer & Food / Plantations, Timber, Asset Value", "source": "B56 #10", "batch": 56, "source_rank": 10, "base_moic": 1.45, "bull_moic": 2, "why": "Cheap plantation/logs earnings with cash-balance support and low multiple; less catalyst-rich than Kimlun.", "clean_score": 1.35, "clean_score_pre_accounting_cash_overlay": 1.25, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B56 #10", "overall_rank": 238, "tier": "B - Strong Watchlist", "sector": "Consumer & Media", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.35, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-5% 1Y, 28% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "4383.KL", "momentum_1y_return": -0.0517, "momentum_3m_return": -0.0517, "momentum_52w_position": 0.28 }, { "rank": 239, "ticker": "PHX.AX", "company": "PharmX Technologies", "theme": "Healthcare & Pharma / Pharmacy Infrastructure, Strategic Investor", "source": "B59 #4", "batch": 59, "source_rank": 4, "base_moic": 2, "bull_moic": 4, "why": "Sigma/Chemist Warehouse strategic investment above current quote changes business quality, but revenue base is tiny and still loss-making.", "clean_score": 1.35, "clean_score_pre_accounting_cash_overlay": 1.35, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B59 #4", "overall_rank": 239, "tier": "B - Strong Watchlist", "sector": "Healthcare & Pharma", "country": "Australia", "clean_score_pre_momentum_overlay": 1.35, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (39% 1Y, 35% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "PHX.AX", "momentum_1y_return": 0.3924, "momentum_3m_return": 0, "momentum_52w_position": 0.3478 }, { "ticker": "MDIA", "company": "MediaCo", "theme": "Media, Digital Advertising, High-Risk Turnaround", "source": "B61 #9", "batch": 61, "source_rank": 9, "base_moic": 1.68, "bull_moic": 3.68, "why": "High torque from Q1 revenue growth and digital mix, but losses and adjusted EBITDA compression make risk high.", "rank": 240, "clean_score_pre_accounting_cash_overlay": 1.25, "sector": "Technology & Digital", "country": "United States", "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "clean_score": 1.35, "overall_rank": 240, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 1.35, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-4% 1Y, 42% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/3.7x.", "momentum_source": "yahoo", "momentum_symbol": "MDIA", "momentum_1y_return": -0.0404, "momentum_3m_return": 0.4774, "momentum_52w_position": 0.4204 }, { "rank": 241, "ticker": "HLUN-A.CO", "company": "Lundbeck A", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #8", "batch": 10, "source_rank": 8, "base_moic": 1.25, "bull_moic": 1.61, "why": "Good company, lower inefficiency.", "tier": "B - Strong Watchlist", "overall_rank": 241, "clean_score": 1.347, "clean_score_pre_accounting_cash_overlay": 0.847, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Denmark", "clean_score_pre_momentum_overlay": 0.847, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (21% 1Y, 66% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "HLUN-A.CO", "momentum_1y_return": 0.2121, "momentum_3m_return": 0.0465, "momentum_52w_position": 0.6636 }, { "rank": 242, "ticker": "5997.T", "company": "Kyoritsu Air Tech", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #16", "batch": 38, "source_rank": 16, "base_moic": 1.26, "bull_moic": 1.64, "why": "Illiquid Japanese value with positive Q1 operating profit and inexpensive valuation.", "tier": "B - Strong Watchlist", "overall_rank": 242, "clean_score": 1.344, "clean_score_pre_accounting_cash_overlay": 0.694, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.694, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (37% 1Y, 86% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "5997.T", "momentum_1y_return": 0.3746, "momentum_3m_return": 0.0305, "momentum_52w_position": 0.8609 }, { "rank": 243, "ticker": "MYX:HIBISCS", "company": "Hibiscus Petroleum", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #6", "batch": 50, "source_rank": 6, "base_moic": 1.32, "bull_moic": 1.75, "why": "Safer value with real production/assets/dividend and NAV gap; less explosive.", "clean_score": 1.344, "overall_rank": 243, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.184, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.424, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "fallback" }, { "rank": 244, "ticker": "9990.HK", "company": "Archosaur Games", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #7", "batch": 44, "source_rank": 7, "base_moic": 1.69, "bull_moic": 3.11, "why": "China gaming optionality, hit-driven and volatile.", "clean_score": 1.341, "overall_rank": 244, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.041, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.041, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (49% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "9990.HK", "momentum_1y_return": 0.4865, "momentum_3m_return": 0.4865, "momentum_52w_position": 0.622 }, { "rank": 245, "ticker": "TISG.MI", "company": "Italian Sea Group", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #1", "batch": 12, "source_rank": 1, "base_moic": 2.79, "bull_moic": 4.07, "why": "Best setup: profitable luxury-industrial with order book/backlog support and low equity value.", "tier": "B - Strong Watchlist", "overall_rank": 245, "clean_score": 1.34, "clean_score_pre_accounting_cash_overlay": 2.09, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Italy", "clean_score_pre_momentum_overlay": 2.19, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-74% 1Y, 17% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.8x/4.1x.", "momentum_source": "yahoo", "momentum_symbol": "TISG.MI", "momentum_1y_return": -0.7368, "momentum_3m_return": 1.3424, "momentum_52w_position": 0.1699 }, { "rank": 246, "ticker": "2876.T", "company": "Delsole", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #23", "batch": 44, "source_rank": 23, "base_moic": 1.11, "bull_moic": 1.61, "why": "Low P/B food microcap, weak profitability.", "clean_score": 1.333, "overall_rank": 246, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.733, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Japan", "clean_score_pre_momentum_overlay": 0.833, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (20% 1Y, 90% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.1x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "2876.T", "momentum_1y_return": 0.1961, "momentum_3m_return": -0.0061, "momentum_52w_position": 0.902 }, { "rank": 247, "ticker": "SGHC / S8G1.F", "company": "Super Group", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #15", "batch": 41, "source_rank": 15, "base_moic": 1.3, "bull_moic": 1.7, "why": "Strong business momentum, not a microcap mispricing.", "clean_score": 1.332, "overall_rank": 247, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.682, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.682, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (65% 1Y, 94% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "SGHC", "momentum_1y_return": 0.6475, "momentum_3m_return": 0.3011, "momentum_52w_position": 0.9391 }, { "rank": 248, "ticker": "3219.TWO", "company": "Aethertek", "theme": "Electronics, Hardware, Machinery, Materials", "source": "B1 #4", "batch": 1, "source_rank": 4, "base_moic": 1.46, "bull_moic": 2.56, "why": "Strong Taiwan growth inflection tied to AI server, RF, automotive testing.", "tier": "B - Strong Watchlist", "overall_rank": 248, "clean_score": 1.33, "clean_score_pre_accounting_cash_overlay": 1.03, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.03, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (83% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "3219.TWO", "momentum_1y_return": 0.827, "momentum_3m_return": 0.2784, "momentum_52w_position": 0.616 }, { "rank": 249, "ticker": "1817.TW", "company": "Sanitar", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #9", "batch": 12, "source_rank": 9, "base_moic": 1.2, "bull_moic": 1.5, "why": "Better risk than torque; profitable with dividend support.", "tier": "B - Strong Watchlist", "overall_rank": 249, "clean_score": 1.33, "clean_score_pre_accounting_cash_overlay": 1.23, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.33, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-10% 1Y, 32% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "1817.TW", "momentum_1y_return": -0.0953, "momentum_3m_return": 0.0284, "momentum_52w_position": 0.3239 }, { "rank": 250, "ticker": "6218.T", "company": "Enshu", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #22", "batch": 44, "source_rank": 22, "base_moic": 1.23, "bull_moic": 1.67, "why": "Japan machine-tool cyclicality, monitor only.", "clean_score": 1.328, "overall_rank": 250, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.678, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.678, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (23% 1Y, 88% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "6218.T", "momentum_1y_return": 0.2334, "momentum_3m_return": -0.0069, "momentum_52w_position": 0.8757 }, { "rank": 251, "ticker": "NAH.L", "company": "NAHL Group", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #3", "batch": 17, "source_rank": 3, "base_moic": 2.3, "bull_moic": 3.4, "why": "Cleaner microcap value; profitable, deleveraging, easier to underwrite.", "tier": "B - Strong Watchlist", "overall_rank": 251, "clean_score": 1.324, "clean_score_pre_accounting_cash_overlay": 2.074, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 2.174, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-33% 1Y, 35% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.3x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "NAH.L", "momentum_1y_return": -0.3279, "momentum_3m_return": 0.2538, "momentum_52w_position": 0.3491 }, { "rank": 252, "ticker": "TSEM", "company": "Tower Semiconductor", "theme": "Electronics, Hardware, Machinery, Materials", "source": "B1 #7", "batch": 1, "source_rank": 7, "base_moic": 0.98, "bull_moic": 1.42, "why": "Great asset/catalyst quality, but valuation already capitalizes photonics.", "tier": "B - Strong Watchlist", "overall_rank": 252, "clean_score": 1.323, "clean_score_pre_accounting_cash_overlay": 0.673, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "United States", "clean_score_pre_momentum_overlay": 0.673, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (545% 1Y, 93% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "TSEM", "momentum_1y_return": 5.4539, "momentum_3m_return": 0.8631, "momentum_52w_position": 0.9332 }, { "rank": 253, "ticker": "NOAH / 6686.HK / 6NO2.F", "company": "Noah Holdings", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #11", "batch": 45, "source_rank": 11, "base_moic": 1.5, "bull_moic": 2.3, "why": "Cash/AUA/dividend support; lower torque.", "clean_score": 1.32, "overall_rank": 253, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.22, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.32, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (7% 1Y, 26% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "NOAH", "momentum_1y_return": 0.0745, "momentum_3m_return": -0.1049, "momentum_52w_position": 0.2633 }, { "rank": 254, "ticker": "PBSV", "company": "Pharma-Bio Serv", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #13", "batch": 47, "source_rank": 13, "base_moic": 1.48, "bull_moic": 2.22, "why": "Net-cash microcap with Treasuries and dividend; lower torque but better downside protection.", "clean_score": 1.316, "overall_rank": 254, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.216, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.316, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (26% 1Y, 42% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "PBSV", "momentum_1y_return": 0.2558, "momentum_3m_return": 0.125, "momentum_52w_position": 0.4231 }, { "rank": 255, "ticker": "INR.AX", "company": "Ioneer", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #10", "batch": 53, "source_rank": 10, "base_moic": 2.2, "bull_moic": 4.14, "why": "Strategic lithium project with DOE loan/permits, but partner/funding gap is major.", "clean_score": 1.316, "overall_rank": 255, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.216, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "Australia", "clean_score_pre_momentum_overlay": 1.316, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (18% 1Y, 30% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.2x/4.1x.", "momentum_source": "yahoo", "momentum_symbol": "INR.AX", "momentum_1y_return": 0.176, "momentum_3m_return": 0.4, "momentum_52w_position": 0.2971 }, { "rank": 256, "ticker": "6666.T", "company": "River Eletec", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #12", "batch": 29, "source_rank": 12, "base_moic": 1.18, "bull_moic": 1.77, "why": "AI-server/high-speed-optics oscillator catalyst, fundamentals not yet there.", "tier": "B - Strong Watchlist", "overall_rank": 256, "clean_score": 1.314, "clean_score_pre_accounting_cash_overlay": 0.814, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Japan", "clean_score_pre_momentum_overlay": 0.814, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (169% 1Y, 80% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "6666.T", "momentum_1y_return": 1.6893, "momentum_3m_return": 0.4756, "momentum_52w_position": 0.8041 }, { "rank": 257, "ticker": "5UF.SI", "company": "Aspial Lifestyle", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #27", "batch": 40, "source_rank": 27, "base_moic": 1.2, "bull_moic": 1.7, "why": "Recent equity raise reduces torque.", "clean_score": 1.312, "overall_rank": 257, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.822, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.662, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (259% 1Y, 90% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "5UF.SI", "momentum_1y_return": 2.5897, "momentum_3m_return": 0.377, "momentum_52w_position": 0.8964 }, { "rank": 258, "ticker": "EFGZF / EFGD", "company": "EFG Holding", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #6", "batch": 49, "source_rank": 6, "base_moic": 1.7, "bull_moic": 2.7, "why": "MENA financial-services recovery with strong Q1 revenue/net profit; FX/geopolitical risk.", "clean_score": 1.312, "overall_rank": 258, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.012, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.012, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (0% 1Y, 50% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "EFGZF", "momentum_1y_return": 0, "momentum_3m_return": 0, "momentum_52w_position": 0.5 }, { "ticker": "RRTS", "company": "Roadrunner Transportation", "theme": "OTC Logistics Special Situation", "source": "B61 #25", "batch": 61, "source_rank": 25, "base_moic": 1.33, "bull_moic": 2.41, "why": "OTC logistics special situation with revenue scale, but liquidity, disclosure quality, and one-time accounting noise make risk/reward hard to compare.", "rank": 259, "clean_score_pre_accounting_cash_overlay": 0.6, "sector": "Industrials & Aerospace", "country": "United States", "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "clean_score": 1.31, "overall_rank": 259, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.66, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (31% 1Y, 95% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.3x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "RRTS", "momentum_1y_return": 0.3133, "momentum_3m_return": 0.687, "momentum_52w_position": 0.9522 }, { "rank": 260, "ticker": "0232.HK / CTQ0.F", "company": "Continental Aerospace Technologies", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #10", "batch": 48, "source_rank": 10, "base_moic": 1.5, "bull_moic": 2.19, "why": "Niche profitable aerospace-engine exposure; modest margins and HK/China governance risk.", "clean_score": 1.31, "overall_rank": 260, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.09, "accounting_cash_overlay": -0.08, "accounting_risk_flag": "watch", "balance_sheet_signal": "cash-flow/assets", "sector": "Industrials & Aerospace", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.01, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (45% 1Y, 55% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "0232.HK", "momentum_1y_return": 0.4464, "momentum_3m_return": 0.08, "momentum_52w_position": 0.5495 }, { "rank": 261, "ticker": "9612.T", "company": "Luckland", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #5", "batch": 39, "source_rank": 5, "base_moic": 1.6, "bull_moic": 2.28, "why": "Japan turnaround at low multiple after FY25 operating-profit and net-income rebound.", "tier": "B - Strong Watchlist", "overall_rank": 261, "clean_score": 1.307, "clean_score_pre_accounting_cash_overlay": 1.307, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.307, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (8% 1Y, 36% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "9612.T", "momentum_1y_return": 0.0834, "momentum_3m_return": -0.1523, "momentum_52w_position": 0.3583 }, { "rank": 262, "ticker": "6961.T", "company": "Enplas", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #9", "batch": 2, "source_rank": 9, "base_moic": 1.16, "bull_moic": 1.71, "why": "Higher-quality semiconductor/precision exposure, less asymmetry.", "tier": "B - Strong Watchlist", "overall_rank": 262, "clean_score": 1.299, "clean_score_pre_accounting_cash_overlay": 0.799, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.799, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (259% 1Y, 69% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "6961.T", "momentum_1y_return": 2.5946, "momentum_3m_return": -0.0909, "momentum_52w_position": 0.6918 }, { "rank": 263, "ticker": "GMM.DE", "company": "GRAMMER AG", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #4", "batch": 18, "source_rank": 4, "base_moic": 1.73, "bull_moic": 2.84, "why": "Real business, cheap equity stub, auto-cycle leverage.", "tier": "B - Strong Watchlist", "overall_rank": 263, "clean_score": 1.298, "clean_score_pre_accounting_cash_overlay": 0.808, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Germany", "clean_score_pre_momentum_overlay": 0.648, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (6% 1Y, 85% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "GMM.DE", "momentum_1y_return": 0.0581, "momentum_3m_return": 0.1884, "momentum_52w_position": 0.8485 }, { "rank": 264, "ticker": "8928.T", "company": "Anabuki Kosan", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #21", "batch": 16, "source_rank": 21, "base_moic": 1.32, "bull_moic": 1.72, "why": "Cheap regional real-estate earnings case.", "tier": "B - Strong Watchlist", "overall_rank": 264, "clean_score": 1.295, "clean_score_pre_accounting_cash_overlay": 0.995, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.995, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (17% 1Y, 52% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "8928.T", "momentum_1y_return": 0.1675, "momentum_3m_return": -0.0782, "momentum_52w_position": 0.5249 }, { "rank": 265, "ticker": "SOFF.OL", "company": "Solstad Offshore", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #14", "batch": 25, "source_rank": 14, "base_moic": 1.3, "bull_moic": 1.9, "why": "OSV cycle exposure; do not double-count Solstad Farstad.", "tier": "B - Strong Watchlist", "overall_rank": 265, "clean_score": 1.294, "clean_score_pre_accounting_cash_overlay": 0.794, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Norway", "clean_score_pre_momentum_overlay": 0.794, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (59% 1Y, 79% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "SOFF.OL", "momentum_1y_return": 0.5855, "momentum_3m_return": 0.0513, "momentum_52w_position": 0.7907 }, { "rank": 266, "ticker": "1200.HK", "company": "Midland Holdings", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #15", "batch": 56, "source_rank": 15, "base_moic": 1.5, "bull_moic": 2.33, "why": "Hong Kong property-transaction operating leverage; price already rerated and needs turnover recovery.", "clean_score": 1.29, "clean_score_pre_accounting_cash_overlay": 0.95, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #15", "overall_rank": 266, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.79, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (153% 1Y, 68% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "1200.HK", "momentum_1y_return": 1.5283, "momentum_3m_return": -0.1383, "momentum_52w_position": 0.6792 }, { "rank": 267, "ticker": "002780.KS", "company": "Chinhung International", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #3", "batch": 56, "source_rank": 3, "base_moic": 1.65, "bull_moic": 2.74, "why": "High operating leverage and recent project awards; strong Q1 operating-profit jump but volatile Korean construction risk.", "clean_score": 1.29, "clean_score_pre_accounting_cash_overlay": 1.15, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #3", "overall_rank": 267, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.99, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (46% 1Y, 55% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "002780.KS", "momentum_1y_return": 0.4584, "momentum_3m_return": 0.0411, "momentum_52w_position": 0.5526 }, { "rank": 268, "ticker": "2455.HK", "company": "Runhua Service", "theme": "Business Services, Property Services, HK Microcaps", "source": "B58 #13", "batch": 58, "source_rank": 13, "base_moic": 1.35, "bull_moic": 1.89, "why": "Low multiple, P/B, dividend yield and improving profits; liquidity/catalyst weak.", "clean_score": 1.29, "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B58 #13", "overall_rank": 268, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.99, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (25% 1Y, 60% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "2455.HK", "momentum_1y_return": 0.25, "momentum_3m_return": 0.1029, "momentum_52w_position": 0.6 }, { "ticker": "LS.MI", "company": "Lemon Sistemi", "theme": "Solar / Electrical Installer, Italian Microcap", "source": "B61 #14", "batch": 61, "source_rank": 14, "base_moic": 1.42, "bull_moic": 2.49, "why": "Tiny solar/electrical installer with improved sales and breakeven-ish profitability, but free float and liquidity are serious constraints.", "rank": 269, "clean_score_pre_accounting_cash_overlay": 1.05, "sector": "Energy & Utilities", "country": "Italy", "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "clean_score": 1.29, "overall_rank": 269, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 1.29, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (1% 1Y, 41% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "LS.MI", "momentum_1y_return": 0.009, "momentum_3m_return": 0.2519, "momentum_52w_position": 0.4107 }, { "rank": 270, "ticker": "5PO.SI", "company": "Hiap Tong", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #16", "batch": 48, "source_rank": 16, "base_moic": 1.42, "bull_moic": 2.08, "why": "Asset-heavy crane/lifting microcap with rising H1 profit; liquidity/catalyst weak.", "clean_score": 1.287, "overall_rank": 270, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.747, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.987, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (23% 1Y, 52% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "5PO.SI", "momentum_1y_return": 0.2333, "momentum_3m_return": -0.0672, "momentum_52w_position": 0.52 }, { "rank": 271, "ticker": "0206.HK", "company": "CM Energy Tech", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #13", "batch": 50, "source_rank": 13, "base_moic": 1.28, "bull_moic": 1.98, "why": "Offshore/green-energy theme, but current earnings thin and valuation stretched.", "clean_score": 1.287, "overall_rank": 271, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.987, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.987, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (83% 1Y, 53% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "0206.HK", "momentum_1y_return": 0.8298, "momentum_3m_return": -0.1887, "momentum_52w_position": 0.5274 }, { "rank": 272, "ticker": "CFW.TO", "company": "Calfrac Well Services", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #15", "batch": 53, "source_rank": 15, "base_moic": 1.4, "bull_moic": 1.92, "why": "Safer oilfield-services torque with EBITDA and low net debt/EBITDA.", "clean_score": 1.285, "overall_rank": 272, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.765, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Canada", "clean_score_pre_momentum_overlay": 0.635, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (86% 1Y, 84% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "CFW.TO", "momentum_1y_return": 0.8606, "momentum_3m_return": 0.1876, "momentum_52w_position": 0.8392 }, { "rank": 273, "ticker": "209640.KQ", "company": "YJ Link", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #24", "batch": 36, "source_rank": 24, "base_moic": 0.99, "bull_moic": 1.51, "why": "SMT/automation theme, but valuation stretched relative to earnings.", "tier": "B - Strong Watchlist", "overall_rank": 273, "clean_score": 1.285, "clean_score_pre_accounting_cash_overlay": 0.785, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.785, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (4% 1Y, 79% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "209640.KQ", "momentum_1y_return": 0.037, "momentum_3m_return": 0.6441, "momentum_52w_position": 0.7857 }, { "rank": 274, "ticker": "NOD.OL", "company": "Nordic Semiconductor", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #16", "batch": 21, "source_rank": 16, "base_moic": 1.1, "bull_moic": 1.51, "why": "Strong company, weak small-cap mispricing after move.", "tier": "B - Strong Watchlist", "overall_rank": 274, "clean_score": 1.281, "clean_score_pre_accounting_cash_overlay": 0.631, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Norway", "clean_score_pre_momentum_overlay": 0.631, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (64% 1Y, 94% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "NOD.OL", "momentum_1y_return": 0.6355, "momentum_3m_return": 0.2388, "momentum_52w_position": 0.942 }, { "rank": 275, "ticker": "000970.KQ", "company": "Korea Cast Iron Pipe", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #11", "batch": 28, "source_rank": 11, "base_moic": 1.3, "bull_moic": 1.6, "why": "Lower torque, dividend/value support.", "tier": "B - Strong Watchlist", "overall_rank": 275, "clean_score": 1.28, "clean_score_pre_accounting_cash_overlay": 1.18, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.28, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-2% 1Y, 26% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "000970.KQ", "momentum_1y_return": -0.0247, "momentum_3m_return": -0.0044, "momentum_52w_position": 0.2647 }, { "rank": 276, "ticker": "1568.HK", "company": "Sundart Holdings", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #25", "batch": 39, "source_rank": 25, "base_moic": 1.3, "bull_moic": 1.71, "why": "Cheap HK/Macau fitting-out contractor with dividend support, but property/construction cap.", "tier": "B - Strong Watchlist", "overall_rank": 276, "clean_score": 1.28, "clean_score_pre_accounting_cash_overlay": 1.18, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.28, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-9% 1Y, 33% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "1568.HK", "momentum_1y_return": -0.0909, "momentum_3m_return": -0.125, "momentum_52w_position": 0.3333 }, { "rank": 277, "ticker": "LSG.OL / LSIN:0GM2", "company": "Leroy Seafood", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #19", "batch": 41, "source_rank": 19, "base_moic": 1.3, "bull_moic": 1.6, "why": "Salmon recovery plus dividend, moderate torque.", "clean_score": 1.28, "overall_rank": 277, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.18, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Norway", "clean_score_pre_momentum_overlay": 1.28, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-3% 1Y, 29% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "LSG.OL", "momentum_1y_return": -0.0332, "momentum_3m_return": -0.0903, "momentum_52w_position": 0.2854 }, { "rank": 278, "ticker": "DTI.AX", "company": "DTI Group", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #18", "batch": 53, "source_rank": 18, "base_moic": 2.1, "bull_moic": 4.17, "why": "Microcap operating leverage, but liquidity and contract lumpiness severe.", "clean_score": 1.278, "overall_rank": 278, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.198, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Australia", "clean_score_pre_momentum_overlay": 1.278, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (100% 1Y, 28% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.1x/4.2x.", "momentum_source": "yahoo", "momentum_symbol": "DTI.AX", "momentum_1y_return": 1, "momentum_3m_return": 0.0909, "momentum_52w_position": 0.28 }, { "rank": 279, "ticker": "000850.KS", "company": "Hwacheon Machine Tool", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #9", "batch": 48, "source_rank": 9, "base_moic": 1.47, "bull_moic": 2.13, "why": "Strong downside protection from low EV, revenue scale, low P/E; catalyst is the issue.", "clean_score": 1.274, "overall_rank": 279, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.214, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.274, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (16% 1Y, 33% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "000850.KS", "momentum_1y_return": 0.1599, "momentum_3m_return": -0.0826, "momentum_52w_position": 0.3253 }, { "rank": 280, "ticker": "6089.T", "company": "Will Group", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #15", "batch": 26, "source_rank": 15, "base_moic": 1.26, "bull_moic": 1.65, "why": "Stable HR/staffing with dividend.", "tier": "B - Strong Watchlist", "overall_rank": 280, "clean_score": 1.272, "clean_score_pre_accounting_cash_overlay": 1.172, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Industrials & Aerospace", "country": "Japan", "clean_score_pre_momentum_overlay": 1.272, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (11% 1Y, 28% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "6089.T", "momentum_1y_return": 0.11, "momentum_3m_return": -0.1606, "momentum_52w_position": 0.285 }, { "rank": 281, "ticker": "029460.KQ", "company": "KC Co.", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #8", "batch": 12, "source_rank": 8, "base_moic": 1.23, "bull_moic": 1.67, "why": "Profitable Korean industrial/semi-adjacent name, but already rerated.", "tier": "B - Strong Watchlist", "overall_rank": 281, "clean_score": 1.268, "clean_score_pre_accounting_cash_overlay": 0.868, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Industrials & Aerospace", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.968, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (49% 1Y, 58% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "029460.KQ", "momentum_1y_return": 0.4931, "momentum_3m_return": -0.0168, "momentum_52w_position": 0.5794 }, { "rank": 282, "ticker": "4248.T", "company": "Takemoto Yohki", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #21", "batch": 41, "source_rank": 21, "base_moic": 1.3, "bull_moic": 1.6, "why": "Packaging profit inflection, modest torque.", "clean_score": 1.266, "overall_rank": 282, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.966, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.966, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (5% 1Y, 57% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "4248.T", "momentum_1y_return": 0.0485, "momentum_3m_return": -0.0137, "momentum_52w_position": 0.5745 }, { "rank": 283, "ticker": "0373.HK", "company": "Allied Group", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #3", "batch": 14, "source_rank": 3, "base_moic": 2.02, "bull_moic": 3.22, "why": "Huge holdco discount; use HK line, not stale/wide ALEDY ADR.", "tier": "B - Strong Watchlist", "overall_rank": 283, "clean_score": 1.265, "clean_score_pre_accounting_cash_overlay": 1.205, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "sector": "Non-Actionable Cleanup", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.265, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (56% 1Y, 40% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 2.0x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "0373.HK", "momentum_1y_return": 0.5556, "momentum_3m_return": -0.1408, "momentum_52w_position": 0.4009 }, { "rank": 284, "ticker": "DII.B / DO4B.F", "company": "Dorel", "theme": "Medtech, Consumer Turnarounds, Real Estate", "source": "B8 #4", "batch": 8, "source_rank": 4, "base_moic": 2.24, "bull_moic": 5.45, "why": "Distressed deep-value torque; equity tiny vs revenue, but losses continue.", "tier": "B - Strong Watchlist", "overall_rank": 284, "clean_score": 1.264, "clean_score_pre_accounting_cash_overlay": 1.264, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.264, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-14% 1Y, 29% of 52-week range). No major accounting flag is shown. Base/bull case: 2.2x/5.5x.", "momentum_source": "yahoo", "momentum_symbol": "DO4B.F", "momentum_1y_return": -0.1368, "momentum_3m_return": -0.1202, "momentum_52w_position": 0.2867 }, { "rank": 285, "ticker": "GRVY", "company": "Gravity", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #18", "batch": 40, "source_rank": 18, "base_moic": 1.3, "bull_moic": 1.9, "why": "Cheap profitable game company, franchise concentration.", "clean_score": 1.264, "overall_rank": 285, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.164, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.264, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-3% 1Y, 44% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "GRVY", "momentum_1y_return": -0.031, "momentum_3m_return": 0.0353, "momentum_52w_position": 0.4433 }, { "rank": 286, "ticker": "HOHCF / HOH.V", "company": "High Arctic Overseas", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #27", "batch": 53, "source_rank": 27, "base_moic": 1.2, "bull_moic": 1.55, "why": "Cash optionality, too little operating catalyst and near highs.", "clean_score": 1.263, "overall_rank": 286, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.513, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 0.613, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (38% 1Y, 86% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "HOH.V", "momentum_1y_return": 0.3786, "momentum_3m_return": 0.0677, "momentum_52w_position": 0.86 }, { "rank": 287, "ticker": "HGO.AX", "company": "Hillgrove Resources", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #3", "batch": 28, "source_rank": 3, "base_moic": 2, "bull_moic": 3.6, "why": "Strong copper production torque at Kanmantoo with record production and cash.", "tier": "B - Strong Watchlist", "overall_rank": 287, "clean_score": 1.256, "clean_score_pre_accounting_cash_overlay": 1.256, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Australia", "clean_score_pre_momentum_overlay": 1.256, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (19% 1Y, 45% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "HGO.AX", "momentum_1y_return": 0.1892, "momentum_3m_return": 0.2941, "momentum_52w_position": 0.4483 }, { "rank": 288, "ticker": "AXTELCPO.MX", "company": "Axtel", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #7", "batch": 39, "source_rank": 7, "base_moic": 1.53, "bull_moic": 2.11, "why": "Deleveraging plus EBITDA growth and fiber/data-infrastructure angle; governance/leverage haircut.", "tier": "B - Strong Watchlist", "overall_rank": 288, "clean_score": 1.255, "clean_score_pre_accounting_cash_overlay": 1.095, "accounting_cash_overlay": -0.34, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Mexico", "clean_score_pre_momentum_overlay": 0.755, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (19% 1Y, 66% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "AXTELCPO.MX", "momentum_1y_return": 0.1853, "momentum_3m_return": 0.1, "momentum_52w_position": 0.6579 }, { "rank": 289, "ticker": "6136.TW", "company": "Fullerton Technology", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #20", "batch": 26, "source_rank": 20, "base_moic": 1.07, "bull_moic": 1.39, "why": "Dividend/yield, weakest torque.", "tier": "B - Strong Watchlist", "overall_rank": 289, "clean_score": 1.255, "clean_score_pre_accounting_cash_overlay": 0.855, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.955, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (5% 1Y, 57% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "6136.TW", "momentum_1y_return": 0.0538, "momentum_3m_return": 0.0604, "momentum_52w_position": 0.5714 }, { "rank": 290, "ticker": "067170.KQ", "company": "Autech", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #19", "batch": 54, "source_rank": 19, "base_moic": 1.5, "bull_moic": 3.4, "why": "Deep turnaround math with revenue scale, but loss-making and liability load.", "clean_score": 1.254, "overall_rank": 290, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.754, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.754, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (49% 1Y, 72% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "067170.KQ", "momentum_1y_return": 0.4915, "momentum_3m_return": 0.9989, "momentum_52w_position": 0.7155 }, { "rank": 291, "ticker": "6549.T", "company": "DM Solutions", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #17", "batch": 26, "source_rank": 17, "base_moic": 1.22, "bull_moic": 1.52, "why": "Good fundamentals, already near highs.", "tier": "B - Strong Watchlist", "overall_rank": 291, "clean_score": 1.253, "clean_score_pre_accounting_cash_overlay": 0.603, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.603, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (28% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "6549.T", "momentum_1y_return": 0.2771, "momentum_3m_return": 0.1217, "momentum_52w_position": 1 }, { "rank": 292, "ticker": "HARN-R.BK", "company": "Harn Engineering", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #5", "batch": 36, "source_rank": 5, "base_moic": 1.31, "bull_moic": 1.76, "why": "Less explosive, but better risk-adjusted; positive earnings and revenue/net income growth.", "tier": "B - Strong Watchlist", "overall_rank": 292, "clean_score": 1.252, "clean_score_pre_accounting_cash_overlay": 1.152, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.252, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-6% 1Y, 37% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "HARN-R.BK", "momentum_1y_return": -0.0566, "momentum_3m_return": 0.025, "momentum_52w_position": 0.3673 }, { "rank": 293, "ticker": "0737.HK", "company": "Shenzhen Expressway", "theme": "Infrastructure Yield, China / Hong Kong", "source": "B60 #17", "batch": 60, "source_rank": 17, "base_moic": 1.22, "bull_moic": 1.56, "why": "High payout infrastructure income profile with ROE/dividend support; more yield than torque.", "tier": "B - Strong Watchlist", "overall_rank": 293, "clean_score": 1.25, "clean_score_pre_accounting_cash_overlay": 0.85, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.95, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (4% 1Y, 69% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "0737.HK", "momentum_1y_return": 0.0378, "momentum_3m_return": -0.0154, "momentum_52w_position": 0.6923 }, { "rank": 294, "ticker": "6068.KL", "company": "PCCS", "theme": "Consumer & Media / Apparel, Labels, Microcap Value", "source": "B56 #16", "batch": 56, "source_rank": 16, "base_moic": 1.58, "bull_moic": 2.46, "why": "Deep-value apparel/labeling microcap with low P/E and P/B; liquidity and quality limit conviction.", "clean_score": 1.25, "clean_score_pre_accounting_cash_overlay": 0.95, "accounting_cash_overlay": 0.3, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B56 #16", "overall_rank": 294, "tier": "B - Strong Watchlist", "sector": "Consumer & Media", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.25, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-12% 1Y, 29% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "6068.KL", "momentum_1y_return": -0.1231, "momentum_3m_return": -0.05, "momentum_52w_position": 0.2857 }, { "rank": 295, "ticker": "1716.T", "company": "Daiichi Cutter", "theme": "Industrials & Aerospace / Japan Specialty Contractor", "source": "B58 #9", "batch": 58, "source_rank": 9, "base_moic": 1.32, "bull_moic": 1.74, "why": "Better quality with low EV/EBITDA, sub-1x P/B, and Q1 net income growth.", "clean_score": 1.25, "clean_score_pre_accounting_cash_overlay": 1.15, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B58 #9", "overall_rank": 295, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.25, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (6% 1Y, 42% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "1716.T", "momentum_1y_return": 0.0623, "momentum_3m_return": -0.0709, "momentum_52w_position": 0.4242 }, { "rank": 296, "ticker": "TBCG.L", "company": "TBC Bank", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #15", "batch": 40, "source_rank": 15, "base_moic": 1.4, "bull_moic": 1.8, "why": "Quality bank, lower torque.", "clean_score": 1.248, "overall_rank": 296, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.948, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.948, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (1% 1Y, 56% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "TBCG.L", "momentum_1y_return": 0.0081, "momentum_3m_return": 0.069, "momentum_52w_position": 0.5623 }, { "rank": 297, "ticker": "YCX.F / CIA", "company": "Citizens Inc.", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #14", "batch": 49, "source_rank": 14, "base_moic": 1.4, "bull_moic": 1.8, "why": "Insurance book-value rerate, more steady than explosive.", "clean_score": 1.248, "overall_rank": 297, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.948, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.948, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (16% 1Y, 51% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "YCX.F", "momentum_1y_return": 0.1561, "momentum_3m_return": -0.0099, "momentum_52w_position": 0.5122 }, { "rank": 298, "ticker": "7859.T", "company": "Almedio", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #4", "batch": 2, "source_rank": 4, "base_moic": 1.33, "bull_moic": 2.46, "why": "Nanomaterials/net-cash torque, but operating results collapsed.", "tier": "B - Strong Watchlist", "overall_rank": 298, "clean_score": 1.246, "clean_score_pre_accounting_cash_overlay": 0.946, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.946, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (17% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "7859.T", "momentum_1y_return": 0.173, "momentum_3m_return": 0.144, "momentum_52w_position": 0.6207 }, { "rank": 299, "ticker": "6986.T", "company": "Futaba", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #14", "batch": 54, "source_rank": 14, "base_moic": 1.4, "bull_moic": 2.1, "why": "Japan turnaround candidate with profit rebound, but legacy value-trap risk.", "clean_score": 1.246, "overall_rank": 299, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.246, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.246, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (20% 1Y, 34% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "6986.T", "momentum_1y_return": 0.2004, "momentum_3m_return": -0.1382, "momentum_52w_position": 0.3422 }, { "rank": 300, "ticker": "2361.HK", "company": "Sinohealth", "theme": "Software, Data, Adtech, Services", "source": "B22 #14", "batch": 22, "source_rank": 14, "base_moic": 1.1, "bull_moic": 1.4, "why": "Good business, not distressed.", "tier": "B - Strong Watchlist", "overall_rank": 300, "clean_score": 1.244, "clean_score_pre_accounting_cash_overlay": 0.744, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.744, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (61% 1Y, 74% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "2361.HK", "momentum_1y_return": 0.6053, "momentum_3m_return": -0.002, "momentum_52w_position": 0.737 }, { "rank": 301, "ticker": "AMN", "company": "AMN Healthcare", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #27", "batch": 47, "source_rank": 27, "base_moic": 1.3, "bull_moic": 2.05, "why": "Quality cyclical, but labor-disruption benefit normalizes and torque is not clean.", "clean_score": 1.243, "overall_rank": 301, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.743, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.743, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (21% 1Y, 75% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "AMN", "momentum_1y_return": 0.2148, "momentum_3m_return": 0.498, "momentum_52w_position": 0.7457 }, { "rank": 302, "ticker": "6763.T", "company": "Teikoku Tsushin Kogyo", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #17", "batch": 29, "source_rank": 17, "base_moic": 1.1, "bull_moic": 1.37, "why": "Not broken, but limited upside after move.", "tier": "B - Strong Watchlist", "overall_rank": 302, "clean_score": 1.242, "clean_score_pre_accounting_cash_overlay": 0.742, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.742, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (34% 1Y, 81% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "6763.T", "momentum_1y_return": 0.3387, "momentum_3m_return": 0.0875, "momentum_52w_position": 0.807 }, { "rank": 303, "ticker": "078890.KS", "company": "KAON Group", "theme": "Technology & Digital / Korean AI, OTT, Broadband Hardware", "source": "B57 #8", "batch": 57, "source_rank": 8, "base_moic": 1.51, "bull_moic": 2.33, "why": "Thematic Korea tech torque, but legacy set-top-box cyclicality, debt/EV, and sharp prior move cap rank.", "clean_score": 1.24, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #8", "overall_rank": 303, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.74, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (159% 1Y, 74% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "078890.KS", "momentum_1y_return": 1.5927, "momentum_3m_return": 0.3349, "momentum_52w_position": 0.7417 }, { "rank": 304, "ticker": "REA.L", "company": "R.E.A. Holdings", "theme": "Plantation, Asset Cycle, Preference Stack", "source": "B60 #14", "batch": 60, "source_rank": 14, "base_moic": 1.49, "bull_moic": 2.48, "why": "Cheap palm-oil asset/cycle recovery optionality, but the preference stack, debt, and distributable-reserve issue complicate the common.", "tier": "B - Strong Watchlist", "overall_rank": 304, "clean_score": 1.24, "clean_score_pre_accounting_cash_overlay": 1.1, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.94, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (0% 1Y, 50% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "REA.L", "momentum_1y_return": 0, "momentum_3m_return": 0, "momentum_52w_position": 0.5 }, { "rank": 305, "ticker": "2928.S", "company": "RIZAP Group", "theme": "Consumer, Beauty, Education, Food, Holdcos", "source": "B5 #3", "batch": 5, "source_rank": 3, "base_moic": 1.73, "bull_moic": 3.37, "why": "chocoZAP can reframe failed roll-up into scalable low-cost gym platform.", "tier": "B - Strong Watchlist", "overall_rank": 305, "clean_score": 1.24, "clean_score_pre_accounting_cash_overlay": 1.24, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.24, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (0% 1Y, 38% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "2928.S", "momentum_1y_return": 0, "momentum_3m_return": -0.1034, "momentum_52w_position": 0.383 }, { "rank": 306, "ticker": "TDM.KL", "company": "TDM Bhd", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #9", "batch": 23, "source_rank": 9, "base_moic": 1.36, "bull_moic": 2.05, "why": "Plantation plus healthcare recovery.", "tier": "B - Strong Watchlist", "overall_rank": 306, "clean_score": 1.239, "clean_score_pre_accounting_cash_overlay": 0.939, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.939, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (16% 1Y, 56% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "TDM.KL", "momentum_1y_return": 0.1622, "momentum_3m_return": 0.0488, "momentum_52w_position": 0.5625 }, { "rank": 307, "ticker": "SCIDC.AD", "company": "Sharjah Cement", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #10", "batch": 14, "source_rank": 10, "base_moic": 1.26, "bull_moic": 1.68, "why": "Reasonable P/B and P/E value, lower torque.", "tier": "B - Strong Watchlist", "overall_rank": 307, "clean_score": 1.237, "clean_score_pre_accounting_cash_overlay": 1.077, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.317, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "fallback" }, { "rank": 308, "ticker": "540740.DE", "company": "CeoTronics", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #6", "batch": 39, "source_rank": 6, "base_moic": 1.64, "bull_moic": 2.55, "why": "Defense communications inflection with revenue, backlog, and H1 record sales; contract timing risk.", "tier": "B - Strong Watchlist", "overall_rank": 308, "clean_score": 1.237, "clean_score_pre_accounting_cash_overlay": 1.217, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Germany", "clean_score_pre_momentum_overlay": 1.317, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Cash-flow or asset support helps. Base/bull case: 1.6x/2.5x.", "momentum_source": "fallback" }, { "rank": 309, "ticker": "AFM.V / 21L.F", "company": "Alphamin Resources", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #16", "batch": 45, "source_rank": 16, "base_moic": 1.3, "bull_moic": 2.1, "why": "World-class tin, but security/control risk and less obscure.", "clean_score": 1.236, "overall_rank": 309, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.586, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 0.586, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (58% 1Y, 83% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "AFM.V", "momentum_1y_return": 0.5824, "momentum_3m_return": 0.2857, "momentum_52w_position": 0.8312 }, { "rank": 310, "ticker": "HEOL", "company": "Highwater Ethanol", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #24", "batch": 16, "source_rank": 24, "base_moic": 1.17, "bull_moic": 1.52, "why": "Better downside than upside; cash/no debt/yield but commodity exposure.", "tier": "B - Strong Watchlist", "overall_rank": 310, "clean_score": 1.233, "clean_score_pre_accounting_cash_overlay": 1.233, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.313, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "fallback" }, { "rank": 311, "ticker": "ADV", "company": "Advantage Solutions", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #11", "batch": 41, "source_rank": 11, "base_moic": 1.5, "bull_moic": 2.2, "why": "EBITDA/FCF recovery visible, but net leverage around 4.2x.", "clean_score": 1.232, "overall_rank": 311, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.092, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.932, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (23% 1Y, 64% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "ADV", "momentum_1y_return": 0.227, "momentum_3m_return": 0.7593, "momentum_52w_position": 0.6403 }, { "rank": 312, "ticker": "010690.KS", "company": "Hwashin", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #8", "batch": 48, "source_rank": 8, "base_moic": 1.44, "bull_moic": 2.1, "why": "Cheap Korean auto-parts recovery with revenue growth and decent ROE; more discovered/cyclical.", "clean_score": 1.23, "overall_rank": 312, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.93, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.93, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (56% 1Y, 60% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "010690.KS", "momentum_1y_return": 0.5581, "momentum_3m_return": 0.0318, "momentum_52w_position": 0.5988 }, { "rank": 313, "ticker": "151860.KQ", "company": "KG Eco Solution", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #4", "batch": 52, "source_rank": 4, "base_moic": 1.55, "bull_moic": 2.32, "why": "Deep value Korean conglomerate with low P/E/P/B and huge revenue base; debt and complexity.", "clean_score": 1.23, "overall_rank": 313, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.23, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.23, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (14% 1Y, 41% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "151860.KQ", "momentum_1y_return": 0.1386, "momentum_3m_return": 0.0115, "momentum_52w_position": 0.4141 }, { "rank": 314, "ticker": "NEOBO.ST", "company": "Neobo Fastigheter", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #4", "batch": 58, "source_rank": 4, "base_moic": 1.73, "bull_moic": 2.42, "why": "Clear NAV discount with buybacks and improving vacancy; leverage/interest coverage is the main risk.", "clean_score": 1.23, "clean_score_pre_accounting_cash_overlay": 1.15, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B58 #4", "overall_rank": 314, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Sweden", "clean_score_pre_momentum_overlay": 1.23, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (5% 1Y, 31% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.7x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "NEOBO.ST", "momentum_1y_return": 0.0491, "momentum_3m_return": -0.086, "momentum_52w_position": 0.3053 }, { "rank": 315, "ticker": "9928.HK", "company": "Times Neighborhood", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #22", "batch": 45, "source_rank": 22, "base_moic": 1.2, "bull_moic": 1.8, "why": "Cheap property services, thin earnings power.", "clean_score": 1.228, "overall_rank": 315, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.928, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.928, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (9% 1Y, 65% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "9928.HK", "momentum_1y_return": 0.0943, "momentum_3m_return": 0.1717, "momentum_52w_position": 0.6471 }, { "rank": 316, "ticker": "3380.HK", "company": "Logan Group", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #16", "batch": 14, "source_rank": 16, "base_moic": 1.24, "bull_moic": 2.33, "why": "Distressed restructuring equity option.", "tier": "B - Strong Watchlist", "overall_rank": 316, "clean_score": 1.224, "clean_score_pre_accounting_cash_overlay": 0.684, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.924, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (45% 1Y, 46% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "3380.HK", "momentum_1y_return": 0.4483, "momentum_3m_return": -0.0382, "momentum_52w_position": 0.4563 }, { "rank": 317, "ticker": "BIOPOR.CO", "company": "BioPorto", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #8", "batch": 11, "source_rank": 8, "base_moic": 1.26, "bull_moic": 2.73, "why": "FDA-cleared diagnostic inflection, but valuation high versus current revenue.", "tier": "B - Strong Watchlist", "overall_rank": 317, "clean_score": 1.22, "clean_score_pre_accounting_cash_overlay": 0.92, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Denmark", "clean_score_pre_momentum_overlay": 0.92, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (-18% 1Y, 53% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "BIOPOR.CO", "momentum_1y_return": -0.1796, "momentum_3m_return": 0.3468, "momentum_52w_position": 0.5297 }, { "rank": 318, "ticker": "036890.KS", "company": "Jinsung T.E.C.", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #14", "batch": 48, "source_rank": 14, "base_moic": 1.35, "bull_moic": 1.84, "why": "Solid business with growth forecasts, but valuation already reflects some recovery.", "clean_score": 1.22, "overall_rank": 318, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.92, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.92, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (43% 1Y, 59% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "036890.KS", "momentum_1y_return": 0.4327, "momentum_3m_return": -0.0006, "momentum_52w_position": 0.5877 }, { "rank": 319, "ticker": "LAYHONG.KL", "company": "Lay Hong", "theme": "Consumer & Food / Poultry, Egg Producer", "source": "B57 #7", "batch": 57, "source_rank": 7, "base_moic": 1.76, "bull_moic": 2.55, "why": "Cheap poultry/egg producer with FY2025 earnings and low single-digit P/E; feed/egg normalization risk.", "clean_score": 1.22, "clean_score_pre_accounting_cash_overlay": 1.3, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #7", "overall_rank": 319, "tier": "B - Strong Watchlist", "sector": "Consumer & Media", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.3, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.8x/2.5x.", "momentum_source": "fallback" }, { "rank": 320, "ticker": "ECR.L", "company": "ECR Minerals", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #2", "batch": 18, "source_rank": 2, "base_moic": 1.91, "bull_moic": 3.83, "why": "Gold production catalyst with financing/execution risk.", "tier": "B - Strong Watchlist", "overall_rank": 320, "clean_score": 1.216, "clean_score_pre_accounting_cash_overlay": 1.376, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.216, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (9% 1Y, 27% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.9x/3.8x.", "momentum_source": "yahoo", "momentum_symbol": "ECR.L", "momentum_1y_return": 0.093, "momentum_3m_return": -0.0408, "momentum_52w_position": 0.2667 }, { "rank": 321, "ticker": "BST.MI", "company": "Banca Sistema", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #20", "batch": 49, "source_rank": 20, "base_moic": 1.2, "bull_moic": 1.7, "why": "Cheap Italian bank/receivables lender; capital allocation/profitability cap rerating.", "clean_score": 1.212, "overall_rank": 321, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.912, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Italy", "clean_score_pre_momentum_overlay": 0.912, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (7% 1Y, 50% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "BST.MI", "momentum_1y_return": 0.07, "momentum_3m_return": 0.0956, "momentum_52w_position": 0.4977 }, { "rank": 322, "ticker": "105740.KQ", "company": "DK-Lok", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #6", "batch": 54, "source_rank": 6, "base_moic": 1.7, "bull_moic": 3.2, "why": "Boring industrial small-cap with energy/semis/LNG/hydrogen capex upside.", "clean_score": 1.212, "overall_rank": 322, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.212, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.212, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (17% 1Y, 39% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "105740.KQ", "momentum_1y_return": 0.1702, "momentum_3m_return": -0.0881, "momentum_52w_position": 0.3858 }, { "rank": 323, "ticker": "W6O.F / WINS.JK", "company": "Wintermar Offshore Marine", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #2", "batch": 50, "source_rank": 2, "base_moic": 1.63, "bull_moic": 2.31, "why": "Visible offshore recovery with revenue and net-profit acceleration; small equity.", "clean_score": 1.207, "overall_rank": 323, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.207, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Indonesia", "clean_score_pre_momentum_overlay": 1.207, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (241% 1Y, 44% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "W6O.F", "momentum_1y_return": 2.406, "momentum_3m_return": -0.0476, "momentum_52w_position": 0.4366 }, { "rank": 324, "ticker": "EYDAP.AT", "company": "Athens Water", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #18", "batch": 29, "source_rank": 18, "base_moic": 1.15, "bull_moic": 1.4, "why": "Hard-asset utility with possible regulatory reset, thin upside.", "tier": "B - Strong Watchlist", "overall_rank": 324, "clean_score": 1.204, "clean_score_pre_accounting_cash_overlay": 0.554, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.554, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (76% 1Y, 93% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "EYDAP.AT", "momentum_1y_return": 0.7647, "momentum_3m_return": 0.1578, "momentum_52w_position": 0.9346 }, { "ticker": "3671.T", "company": "Softmax", "theme": "Japan Healthcare IT, Dividend, Software", "source": "B60 #12", "batch": 60, "source_rank": 12, "base_moic": 1.43, "bull_moic": 2, "why": "Stable healthcare IT with Q1 revenue growth, full-year operating-profit guide and dividend; catalyst density is moderate.", "rank": 325, "clean_score_pre_accounting_cash_overlay": 1.1, "sector": "Healthcare & Pharma", "country": "Japan", "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "clean_score": 1.2, "overall_rank": 325, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 1.2, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (37% 1Y, 43% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "3671.T", "momentum_1y_return": 0.3723, "momentum_3m_return": -0.0379, "momentum_52w_position": 0.4293 }, { "ticker": "2199.HK", "company": "Regina Miracle International", "theme": "Apparel OEM, Dividend, Hong Kong Value", "source": "B60 #15", "batch": 60, "source_rank": 15, "base_moic": 1.44, "bull_moic": 2.11, "why": "Operationally improving apparel OEM with revenue/profit growth and dividend support; customer/product-cycle risk keeps it mid-pack.", "rank": 326, "clean_score_pre_accounting_cash_overlay": 1.1, "sector": "Consumer & Media", "country": "Hong Kong / China", "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "clean_score": 1.2, "overall_rank": 326, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 1.2, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (7% 1Y, 26% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "2199.HK", "momentum_1y_return": 0.0659, "momentum_3m_return": -0.1721, "momentum_52w_position": 0.2621 }, { "rank": 327, "ticker": "TLW.L", "company": "Tullow Oil", "theme": "Oil & Gas E&P / Services", "source": "B19 #2", "batch": 19, "source_rank": 2, "base_moic": 2, "bull_moic": 4, "why": "Debt-overhang survival rerate after refi and Ghana extension.", "tier": "B - Strong Watchlist", "overall_rank": 327, "clean_score": 1.2, "clean_score_pre_accounting_cash_overlay": 1.44, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.28, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/4.0x.", "momentum_source": "fallback" }, { "rank": 328, "ticker": "6629.T / MUN:X5X", "company": "Techno Horizon", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #21", "batch": 48, "source_rank": 21, "base_moic": 1.23, "bull_moic": 1.75, "why": "Profit swing is real but stock already rerated violently.", "clean_score": 1.193, "overall_rank": 328, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.693, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.693, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (241% 1Y, 68% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "6629.T", "momentum_1y_return": 2.4112, "momentum_3m_return": 0.2227, "momentum_52w_position": 0.6786 }, { "rank": 329, "ticker": "8115.T", "company": "Moonbat", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #9", "batch": 42, "source_rank": 9, "base_moic": 1.16, "bull_moic": 1.61, "why": "Good earnings, catalyst partly seasonal and already moved.", "clean_score": 1.193, "overall_rank": 329, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.893, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.893, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (57% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "8115.T", "momentum_1y_return": 0.5688, "momentum_3m_return": 0.111, "momentum_52w_position": 0.6185 }, { "rank": 330, "ticker": "G50.SI", "company": "Grand Banks", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #10", "batch": 6, "source_rank": 10, "base_moic": 1.31, "bull_moic": 1.75, "why": "Solid niche luxury-boat business with balance sheet support.", "tier": "B - Strong Watchlist", "overall_rank": 330, "clean_score": 1.191, "clean_score_pre_accounting_cash_overlay": 0.891, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.891, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (41% 1Y, 52% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "G50.SI", "momentum_1y_return": 0.4124, "momentum_3m_return": 0.0148, "momentum_52w_position": 0.519 }, { "rank": 331, "ticker": "5232.KL", "company": "Leon Fuat", "theme": "Metals, Mining, Commodity Cyclicals, Consumer / Infrastructure Corrections", "source": "B55 #6", "batch": 55, "source_rank": 6, "base_moic": 1.45, "bull_moic": 2.11, "why": "Cheap to book with profit recovery, but leverage, steel-cycle exposure, and thin margins limit confidence.", "clean_score": 1.19, "overall_rank": 331, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.05, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B55 #6", "prior_repass_source": "B51 #21", "sector": "Metals & Materials", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.89, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (0% 1Y, 54% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "5232.KL", "momentum_1y_return": 0, "momentum_3m_return": 0.027, "momentum_52w_position": 0.5385 }, { "rank": 332, "ticker": "CBR.V", "company": "Cabral Gold", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #9", "batch": 28, "source_rank": 9, "base_moic": 1.2, "bull_moic": 2.1, "why": "Geological torque but market already prices much of Stage 1 NPV.", "tier": "B - Strong Watchlist", "overall_rank": 332, "clean_score": 1.186, "clean_score_pre_accounting_cash_overlay": 0.686, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 0.686, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (135% 1Y, 66% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "CBR.V", "momentum_1y_return": 1.3457, "momentum_3m_return": -0.0777, "momentum_52w_position": 0.6632 }, { "rank": 333, "ticker": "8439.HK", "company": "Somerley Capital", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #26", "batch": 47, "source_rank": 26, "base_moic": 1.31, "bull_moic": 2.48, "why": "Illiquid corporate-finance microcap; needs deal-flow recovery.", "clean_score": 1.185, "overall_rank": 333, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.685, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.685, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (421% 1Y, 80% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "8439.HK", "momentum_1y_return": 4.2105, "momentum_3m_return": 4.5, "momentum_52w_position": 0.799 }, { "rank": 334, "ticker": "301239.SZ", "company": "Bright Eye Hospital", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #16", "batch": 46, "source_rank": 16, "base_moic": 1.4, "bull_moic": 1.9, "why": "Q1 profit inflection, but China healthcare-chain regulation/multiples cap upside.", "clean_score": 1.184, "overall_rank": 334, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.684, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 0.684, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (0% 1Y, 66% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "301239.SZ", "momentum_1y_return": 0.0002, "momentum_3m_return": 0.1852, "momentum_52w_position": 0.6596 }, { "rank": 335, "ticker": "001258.SZ", "company": "Xinjiang Lixin Energy", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #20", "batch": 29, "source_rank": 20, "base_moic": 0.62, "bull_moic": 1.09, "why": "Worst risk/reward: high multiple, weak ROE/net income.", "tier": "B - Strong Watchlist", "overall_rank": 335, "clean_score": 1.177, "clean_score_pre_accounting_cash_overlay": 0.577, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "China", "clean_score_pre_momentum_overlay": 0.677, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (49% 1Y, 76% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.6x/1.1x.", "momentum_source": "yahoo", "momentum_symbol": "001258.SZ", "momentum_1y_return": 0.4909, "momentum_3m_return": 0.0341, "momentum_52w_position": 0.7625 }, { "rank": 336, "ticker": "036830.KQ", "company": "Soulbrain Holdings", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #9", "batch": 21, "source_rank": 9, "base_moic": 1.28, "bull_moic": 1.82, "why": "Holdco/look-through semi materials value, one-off distortions.", "tier": "B - Strong Watchlist", "overall_rank": 336, "clean_score": 1.177, "clean_score_pre_accounting_cash_overlay": 0.877, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.877, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (91% 1Y, 53% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "036830.KQ", "momentum_1y_return": 0.9064, "momentum_3m_return": 0.0638, "momentum_52w_position": 0.5301 }, { "rank": 337, "ticker": "5AB.SI", "company": "Trek 2000", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #5", "batch": 16, "source_rank": 5, "base_moic": 1.6, "bull_moic": 2.76, "why": "Turnaround small-cap with profit jump; governance/history/liquidity risk.", "tier": "B - Strong Watchlist", "overall_rank": 337, "clean_score": 1.176, "clean_score_pre_accounting_cash_overlay": 0.616, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.676, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (37% 1Y, 79% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.6x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "5AB.SI", "momentum_1y_return": 0.3661, "momentum_3m_return": 0.53, "momentum_52w_position": 0.7944 }, { "rank": 338, "ticker": "AEP.L", "company": "AEP Plantations", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #16", "batch": 18, "source_rank": 16, "base_moic": 1.17, "bull_moic": 1.57, "why": "Strong palm-oil earnings, already near highs.", "tier": "B - Strong Watchlist", "overall_rank": 338, "clean_score": 1.176, "clean_score_pre_accounting_cash_overlay": 0.676, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.676, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (132% 1Y, 66% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "AEP.L", "momentum_1y_return": 1.3166, "momentum_3m_return": 0.061, "momentum_52w_position": 0.6601 }, { "rank": 339, "ticker": "6523.T", "company": "PHC Holdings", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #22", "batch": 46, "source_rank": 22, "base_moic": 1.3, "bull_moic": 1.7, "why": "Scaled diabetes/diagnostics asset with low growth and FX-hit net profit.", "clean_score": 1.172, "overall_rank": 339, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.872, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.872, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (9% 1Y, 55% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "6523.T", "momentum_1y_return": 0.0936, "momentum_3m_return": 0.04, "momentum_52w_position": 0.5549 }, { "rank": 340, "ticker": "7245.T", "company": "Daido Metal", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #12", "batch": 51, "source_rank": 12, "base_moic": 1.37, "bull_moic": 1.89, "why": "Industrial inflection with profit growth and data-center/marine generator demand.", "clean_score": 1.165, "overall_rank": 340, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.865, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Japan", "clean_score_pre_momentum_overlay": 0.865, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (58% 1Y, 60% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "7245.T", "momentum_1y_return": 0.5781, "momentum_3m_return": 0.0595, "momentum_52w_position": 0.604 }, { "rank": 341, "ticker": "2664.T", "company": "Cawachi", "theme": "Consumer, Beauty, Education, Food, Holdcos", "source": "B5 #8", "batch": 5, "source_rank": 8, "base_moic": 1.27, "bull_moic": 1.7, "why": "Defensive net-cash drugstore, modest torque.", "tier": "B - Strong Watchlist", "overall_rank": 341, "clean_score": 1.164, "clean_score_pre_accounting_cash_overlay": 0.864, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.864, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (10% 1Y, 57% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "2664.T", "momentum_1y_return": 0.0978, "momentum_3m_return": 0.0247, "momentum_52w_position": 0.5697 }, { "rank": 342, "ticker": "NIL-B.ST", "company": "Nilorngruppen", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #17", "batch": 28, "source_rank": 17, "base_moic": 1, "bull_moic": 1.1, "why": "Merger-arb/takeover cap, not torque.", "tier": "B - Strong Watchlist", "overall_rank": 342, "clean_score": 1.156, "clean_score_pre_accounting_cash_overlay": 0.506, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.506, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (18% 1Y, 96% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.1x.", "momentum_source": "yahoo", "momentum_symbol": "NIL-B.ST", "momentum_1y_return": 0.1769, "momentum_3m_return": 0.4608, "momentum_52w_position": 0.9632 }, { "rank": 343, "ticker": "CTNK.F", "company": "centrotherm", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #13", "batch": 15, "source_rank": 13, "base_moic": 1.2, "bull_moic": 1.9, "why": "Semicap/PV equipment exposure with backlog cyclicality.", "tier": "B - Strong Watchlist", "overall_rank": 343, "clean_score": 1.154, "clean_score_pre_accounting_cash_overlay": 0.754, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.854, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (46% 1Y, 58% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "CTNK.F", "momentum_1y_return": 0.4574, "momentum_3m_return": -0.2231, "momentum_52w_position": 0.5765 }, { "rank": 344, "ticker": "KSN.AX", "company": "Kingston Resources", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #2", "batch": 28, "source_rank": 2, "base_moic": 2.1, "bull_moic": 3.7, "why": "Clean small-cap copper/gold ramp with cash, no debt, and first underground ore processed.", "tier": "B - Strong Watchlist", "overall_rank": 344, "clean_score": 1.152, "clean_score_pre_accounting_cash_overlay": 1.922, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Metals & Materials", "country": "Australia", "clean_score_pre_momentum_overlay": 2.002, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-32% 1Y, 6% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.1x/3.7x.", "momentum_source": "yahoo", "momentum_symbol": "KSN.AX", "momentum_1y_return": -0.32, "momentum_3m_return": 0.0119, "momentum_52w_position": 0.0588 }, { "rank": 345, "ticker": "3422.T", "company": "J-MAX", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #21", "batch": 52, "source_rank": 21, "base_moic": 1.32, "bull_moic": 1.82, "why": "Auto-parts turnaround with revenue/profit improvement; low margin/cyclical.", "clean_score": 1.151, "overall_rank": 345, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.651, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Japan", "clean_score_pre_momentum_overlay": 0.651, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (43% 1Y, 73% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "3422.T", "momentum_1y_return": 0.425, "momentum_3m_return": 0.1176, "momentum_52w_position": 0.7304 }, { "rank": 346, "ticker": "ALBA.TA", "company": "Al-Bad Massuot Yitzhak", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #12", "batch": 42, "source_rank": 12, "base_moic": 1.25, "bull_moic": 1.66, "why": "Deleveraging/value, high debt and Israel/geopolitical risk.", "clean_score": 1.15, "overall_rank": 346, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.66, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Israel", "clean_score_pre_momentum_overlay": 0.5, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (71% 1Y, 88% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "ALBA.TA", "momentum_1y_return": 0.7118, "momentum_3m_return": 0.0539, "momentum_52w_position": 0.8751 }, { "rank": 347, "ticker": "055490.KQ", "company": "Tapex", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #5", "batch": 4, "source_rank": 5, "base_moic": 1.24, "bull_moic": 1.75, "why": "Small-cap recovery setup.", "tier": "B - Strong Watchlist", "overall_rank": 347, "clean_score": 1.149, "clean_score_pre_accounting_cash_overlay": 0.849, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.849, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (36% 1Y, 61% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "055490.KQ", "momentum_1y_return": 0.3593, "momentum_3m_return": 0.1991, "momentum_52w_position": 0.6089 }, { "rank": 348, "ticker": "9407.FU", "company": "RKB Mainichi Holdings", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #17", "batch": 14, "source_rank": 17, "base_moic": 1.13, "bull_moic": 1.48, "why": "Asset-style broadcaster, low torque.", "tier": "B - Strong Watchlist", "overall_rank": 348, "clean_score": 1.147, "clean_score_pre_accounting_cash_overlay": 0.987, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.227, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Net-cash or strong balance-sheet support helps. Base/bull case: 1.1x/1.5x.", "momentum_source": "fallback" }, { "rank": 349, "ticker": "STGNZ.XC", "company": "StarragTornos", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #13", "batch": 54, "source_rank": 13, "base_moic": 1.5, "bull_moic": 2.4, "why": "Machine-tool recovery optionality with backlog, but cyclicality and utilization risk.", "clean_score": 1.144, "overall_rank": 349, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.044, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.144, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-11% 1Y, 34% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "STGNZ.XC", "momentum_1y_return": -0.1105, "momentum_3m_return": -0.0456, "momentum_52w_position": 0.337 }, { "rank": 350, "ticker": "PVE.AX", "company": "Po Valley Energy", "theme": "Oil & Gas E&P / Services", "source": "B19 #5", "batch": 19, "source_rank": 5, "base_moic": 1.61, "bull_moic": 2.9, "why": "Cash-flowing Italian gas microcap with development optionality.", "tier": "B - Strong Watchlist", "overall_rank": 350, "clean_score": 1.14, "clean_score_pre_accounting_cash_overlay": 0.84, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Australia", "clean_score_pre_momentum_overlay": 0.84, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (43% 1Y, 64% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "PVE.AX", "momentum_1y_return": 0.4286, "momentum_3m_return": -0.1304, "momentum_52w_position": 0.6364 }, { "rank": 351, "ticker": "AAWH / AAWH.U", "company": "Ascend Wellness", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #4", "batch": 30, "source_rank": 4, "base_moic": 3.5, "bull_moic": 8, "why": "Real cannabis MSO EBITDA, but debt/refinancing dominates equity.", "tier": "B - Strong Watchlist", "overall_rank": 351, "clean_score": 1.14, "clean_score_pre_accounting_cash_overlay": 1.3, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 1.14, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (76% 1Y, 32% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 3.5x/8.0x.", "momentum_source": "yahoo", "momentum_symbol": "AAWH", "momentum_1y_return": 0.7647, "momentum_3m_return": 0.0693, "momentum_52w_position": 0.3233 }, { "rank": 352, "ticker": "6035.T", "company": "IR Japan Holdings", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #15", "batch": 30, "source_rank": 15, "base_moic": 1.65, "bull_moic": 2.5, "why": "Improving fundamentals, not a moonshot.", "tier": "B - Strong Watchlist", "overall_rank": 352, "clean_score": 1.14, "clean_score_pre_accounting_cash_overlay": 1.14, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.14, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-14% 1Y, 49% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "6035.T", "momentum_1y_return": -0.1425, "momentum_3m_return": 0.0231, "momentum_52w_position": 0.4947 }, { "rank": 353, "ticker": "MCHN.SW / MCHNZ.XC", "company": "MCH Group", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #12", "batch": 41, "source_rank": 12, "base_moic": 1.4, "bull_moic": 1.9, "why": "Quality Art Basel/events recovery, less raw torque.", "clean_score": 1.134, "overall_rank": 353, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.634, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Switzerland", "clean_score_pre_momentum_overlay": 0.634, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (23% 1Y, 75% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "MCHN.SW", "momentum_1y_return": 0.2257, "momentum_3m_return": 0.0861, "momentum_52w_position": 0.7544 }, { "rank": 354, "ticker": "CPKR.TO", "company": "Canada Packers", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #17", "batch": 44, "source_rank": 17, "base_moic": 1.22, "bull_moic": 1.67, "why": "Defensive spin/protein name, limited torque.", "clean_score": 1.132, "overall_rank": 354, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.832, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 0.832, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (6% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "CPKR.TO", "momentum_1y_return": 0.0636, "momentum_3m_return": -0.1102, "momentum_52w_position": 0.6208 }, { "rank": 355, "ticker": "7234.KL", "company": "Lotus Circular", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #25", "batch": 16, "source_rank": 25, "base_moic": 1.21, "bull_moic": 1.75, "why": "Operating company, not especially cheap.", "tier": "B - Strong Watchlist", "overall_rank": 355, "clean_score": 1.131, "clean_score_pre_accounting_cash_overlay": 0.831, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.831, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (-12% 1Y, 58% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "7234.KL", "momentum_1y_return": -0.1169, "momentum_3m_return": 0.0968, "momentum_52w_position": 0.5789 }, { "rank": 356, "ticker": "2689.T", "company": "OLBA Healthcare", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #23", "batch": 46, "source_rank": 23, "base_moic": 1.3, "bull_moic": 1.5, "why": "Cheap healthcare distributor, but operating profit declined under cost pressure.", "clean_score": 1.13, "overall_rank": 356, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.83, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.83, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (1% 1Y, 45% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "2689.T", "momentum_1y_return": 0.0063, "momentum_3m_return": -0.0227, "momentum_52w_position": 0.4503 }, { "rank": 357, "ticker": "7062.T", "company": "Fureasu", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #8", "batch": 46, "source_rank": 8, "base_moic": 1.5, "bull_moic": 2.3, "why": "Japan care turnaround moved to operating profit; FY2027 revenue guide down, so not fully clean.", "clean_score": 1.128, "overall_rank": 357, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.128, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 1.128, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (17% 1Y, 43% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "7062.T", "momentum_1y_return": 0.1739, "momentum_3m_return": -0.1143, "momentum_52w_position": 0.4308 }, { "rank": 358, "ticker": "3389.HK", "company": "Hengdeli", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #4", "batch": 7, "source_rank": 4, "base_moic": 1.52, "bull_moic": 2.4, "why": "Net-cash deep value, but governance/value-trap risk.", "tier": "B - Strong Watchlist", "overall_rank": 358, "clean_score": 1.126, "clean_score_pre_accounting_cash_overlay": 0.656, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.476, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (138% 1Y, 83% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "3389.HK", "momentum_1y_return": 1.3762, "momentum_3m_return": 0.2903, "momentum_52w_position": 0.8276 }, { "rank": 359, "ticker": "005010.KS", "company": "Husteel", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #16", "batch": 50, "source_rank": 16, "base_moic": 1.21, "bull_moic": 1.67, "why": "Asset/cycle value, but earnings cycle has not turned.", "clean_score": 1.126, "overall_rank": 359, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.826, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.826, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (13% 1Y, 48% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "005010.KS", "momentum_1y_return": 0.1271, "momentum_3m_return": 0.0324, "momentum_52w_position": 0.481 }, { "rank": 360, "ticker": "MCFT", "company": "MasterCraft Boat", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #14", "batch": 23, "source_rank": 14, "base_moic": 1.21, "bull_moic": 1.56, "why": "Cleaner company, lower torque.", "tier": "B - Strong Watchlist", "overall_rank": 360, "clean_score": 1.12, "clean_score_pre_accounting_cash_overlay": 0.82, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.82, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (37% 1Y, 60% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "MCFT", "momentum_1y_return": 0.372, "momentum_3m_return": 0.1733, "momentum_52w_position": 0.6013 }, { "rank": 361, "ticker": "GBK.DE", "company": "GBK Beteiligungen", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #15", "batch": 17, "source_rank": 15, "base_moic": 1.2, "bull_moic": 1.5, "why": "NAV discount plus dividend, low torque.", "tier": "B - Strong Watchlist", "overall_rank": 361, "clean_score": 1.12, "clean_score_pre_accounting_cash_overlay": 0.96, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Germany", "clean_score_pre_momentum_overlay": 1.2, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "fallback" }, { "rank": 362, "ticker": "300717.SZ", "company": "Jiangsu Huaxin New Material", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #9", "batch": 20, "source_rank": 9, "base_moic": 0.83, "bull_moic": 1.29, "why": "Profitable but valuation too rich and Q1 declined.", "tier": "B - Strong Watchlist", "overall_rank": 362, "clean_score": 1.115, "clean_score_pre_accounting_cash_overlay": 0.715, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "China", "clean_score_pre_momentum_overlay": 0.815, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (28% 1Y, 51% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.8x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "300717.SZ", "momentum_1y_return": 0.2759, "momentum_3m_return": -0.0154, "momentum_52w_position": 0.5101 }, { "rank": 363, "ticker": "PDN.VN", "company": "Dong Nai Port", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #20", "batch": 38, "source_rank": 20, "base_moic": 1.21, "bull_moic": 1.49, "why": "High-quality port asset, but valuation already limits torque.", "tier": "B - Strong Watchlist", "overall_rank": 363, "clean_score": 1.115, "clean_score_pre_accounting_cash_overlay": 0.815, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.815, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (23% 1Y, 65% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "PDN.VN", "momentum_1y_return": 0.2263, "momentum_3m_return": -0.0386, "momentum_52w_position": 0.6467 }, { "rank": 364, "ticker": "3122.TWO", "company": "Megawin Technology", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #6", "batch": 3, "source_rank": 6, "base_moic": 0.84, "bull_moic": 1.83, "why": "Microcap MCU optionality, but rich valuation for a loss-maker.", "tier": "B - Strong Watchlist", "overall_rank": 364, "clean_score": 1.114, "clean_score_pre_accounting_cash_overlay": 0.614, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.614, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (60% 1Y, 77% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "3122.TWO", "momentum_1y_return": 0.6018, "momentum_3m_return": 0.2734, "momentum_52w_position": 0.7692 }, { "rank": 365, "ticker": "7826.T / FRUYF", "company": "Furuya Metal", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #4", "batch": 3, "source_rank": 4, "base_moic": 1.04, "bull_moic": 1.3, "why": "Quality scarce-materials story, but already rerated.", "tier": "B - Strong Watchlist", "overall_rank": 365, "clean_score": 1.112, "clean_score_pre_accounting_cash_overlay": 0.462, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.462, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (274% 1Y, 87% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "7826.T", "momentum_1y_return": 2.7364, "momentum_3m_return": 0.3713, "momentum_52w_position": 0.8704 }, { "rank": 366, "ticker": "1313.TW", "company": "UPC Technology", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #16", "batch": 16, "source_rank": 16, "base_moic": 1.33, "bull_moic": 1.9, "why": "Petrochemical cycle turn.", "tier": "B - Strong Watchlist", "overall_rank": 366, "clean_score": 1.112, "clean_score_pre_accounting_cash_overlay": 0.812, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.812, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (25% 1Y, 51% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "1313.TW", "momentum_1y_return": 0.2471, "momentum_3m_return": -0.1908, "momentum_52w_position": 0.5118 }, { "rank": 367, "ticker": "1362.HK", "company": "SiS Mobile", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #28", "batch": 44, "source_rank": 28, "base_moic": 0.84, "bull_moic": 1.24, "why": "Distributor economics, weak risk/reward.", "clean_score": 1.108, "overall_rank": 367, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.458, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.458, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (143% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "1362.HK", "momentum_1y_return": 1.4324, "momentum_3m_return": 0.3043, "momentum_52w_position": 1 }, { "rank": 368, "ticker": "950140.KQ", "company": "Englewood Lab", "theme": "Consumer, Beauty, Education, Food, Holdcos", "source": "B5 #1", "batch": 5, "source_rank": 1, "base_moic": 1.68, "bull_moic": 2.76, "why": "Best mix of earnings growth, net cash, K-beauty theme, strategic-buyer validation.", "tier": "B - Strong Watchlist", "overall_rank": 368, "clean_score": 1.104, "clean_score_pre_accounting_cash_overlay": 1.714, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.954, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-5% 1Y, 2% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "950140.KQ", "momentum_1y_return": -0.0465, "momentum_3m_return": -0.2142, "momentum_52w_position": 0.0241 }, { "rank": 369, "ticker": "083310.KQ", "company": "LOT Vacuum", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #6", "batch": 21, "source_rank": 6, "base_moic": 1.32, "bull_moic": 2.19, "why": "Dry-vacuum pump semi exposure, data visibility weaker.", "tier": "B - Strong Watchlist", "overall_rank": 369, "clean_score": 1.103, "clean_score_pre_accounting_cash_overlay": 0.803, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.803, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (53% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "083310.KQ", "momentum_1y_return": 0.5315, "momentum_3m_return": 0.0229, "momentum_52w_position": 0.6189 }, { "rank": 370, "ticker": "OML.V", "company": "Omni-Lite", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #12", "batch": 9, "source_rank": 12, "base_moic": 1.57, "bull_moic": 2.67, "why": "Tiny aerospace/defense/manufacturing compounder candidate.", "tier": "B - Strong Watchlist", "overall_rank": 370, "clean_score": 1.102, "clean_score_pre_accounting_cash_overlay": 1.102, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Canada", "clean_score_pre_momentum_overlay": 1.102, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (21% 1Y, 44% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "OML.V", "momentum_1y_return": 0.2149, "momentum_3m_return": 0.0889, "momentum_52w_position": 0.4416 }, { "rank": 371, "ticker": "3035.T", "company": "ktk", "theme": "Technology & Digital / Office IT Supplies", "source": "B57 #25", "batch": 57, "source_rank": 25, "base_moic": 1.15, "bull_moic": 1.41, "why": "Japan low-multiple office/IT supplies value, but thin margins and near 52-week high.", "clean_score": 1.1, "clean_score_pre_accounting_cash_overlay": 0.45, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #25", "overall_rank": 371, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.45, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (26% 1Y, 90% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "3035.T", "momentum_1y_return": 0.2553, "momentum_3m_return": 0.1935, "momentum_52w_position": 0.9048 }, { "rank": 372, "ticker": "LFG.MI", "company": "Leone Film Group", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #13", "batch": 17, "source_rank": 13, "base_moic": 1.4, "bull_moic": 2, "why": "Film-library/content value with debt/cash-flow opacity.", "tier": "B - Strong Watchlist", "overall_rank": 372, "clean_score": 1.1, "clean_score_pre_accounting_cash_overlay": 0.96, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Italy", "clean_score_pre_momentum_overlay": 0.8, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (-1% 1Y, 74% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "LFG.MI", "momentum_1y_return": -0.0062, "momentum_3m_return": 0.0596, "momentum_52w_position": 0.7381 }, { "rank": 373, "ticker": "VGO.WA", "company": "VIGO Photonics", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #15", "batch": 21, "source_rank": 15, "base_moic": 1.16, "bull_moic": 1.74, "why": "IR detector/space/defense quality niche, valuation premium.", "tier": "B - Strong Watchlist", "overall_rank": 373, "clean_score": 1.1, "clean_score_pre_accounting_cash_overlay": 0.8, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Poland", "clean_score_pre_momentum_overlay": 0.8, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (12% 1Y, 60% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "VGO.WA", "momentum_1y_return": 0.1163, "momentum_3m_return": 0.1755, "momentum_52w_position": 0.6018 }, { "ticker": "3991.HK", "company": "Changhong Jiahua", "theme": "Event-Driven, Hong Kong Technology Distribution", "source": "B60 #8", "batch": 60, "source_rank": 8, "base_moic": 1.29, "bull_moic": 1.37, "why": "Offer at HK$1.223/share creates clean event-style upside, but the spread is capped and this is not a multibagger torque setup.", "rank": 374, "clean_score_pre_accounting_cash_overlay": 1.1, "sector": "Special Situations", "country": "Hong Kong / China", "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.1, "overall_rank": 374, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 1.1, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (16% 1Y, 43% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "3991.HK", "momentum_1y_return": 0.1585, "momentum_3m_return": -0.1667, "momentum_52w_position": 0.4324 }, { "rank": 375, "ticker": "199820.KQ", "company": "Cheil Electric", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #5", "batch": 2, "source_rank": 5, "base_moic": 1.13, "bull_moic": 1.98, "why": "Electrification/data-center power theme, valuation already embeds premium.", "tier": "B - Strong Watchlist", "overall_rank": 375, "clean_score": 1.097, "clean_score_pre_accounting_cash_overlay": 0.797, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.797, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (54% 1Y, 48% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "199820.KQ", "momentum_1y_return": 0.5402, "momentum_3m_return": 0.2311, "momentum_52w_position": 0.4755 }, { "rank": 376, "ticker": "0497.HK", "company": "CSI Properties", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #7", "batch": 14, "source_rank": 7, "base_moic": 1.69, "bull_moic": 2.66, "why": "High torque, high haircuts; large book discount with heavy net debt/losses.", "tier": "B - Strong Watchlist", "overall_rank": 376, "clean_score": 1.094, "clean_score_pre_accounting_cash_overlay": 0.854, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.794, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (26% 1Y, 59% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.7x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "0497.HK", "momentum_1y_return": 0.2563, "momentum_3m_return": -0.0519, "momentum_52w_position": 0.5857 }, { "rank": 377, "ticker": "5753.T", "company": "Nippon Shindo", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #4", "batch": 28, "source_rank": 4, "base_moic": 1.5, "bull_moic": 2.4, "why": "Copper/brass cyclical; hedge losses masked operating recovery.", "tier": "B - Strong Watchlist", "overall_rank": 377, "clean_score": 1.09, "clean_score_pre_accounting_cash_overlay": 1.09, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Japan", "clean_score_pre_momentum_overlay": 1.09, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (13% 1Y, 32% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "5753.T", "momentum_1y_return": 0.1267, "momentum_3m_return": -0.138, "momentum_52w_position": 0.3166 }, { "rank": 378, "ticker": "9936.HK", "company": "Ximei Resources", "theme": "Oil & Gas E&P / Services", "source": "B19 #18", "batch": 19, "source_rank": 18, "base_moic": 0.91, "bull_moic": 1.51, "why": "Theme/momentum, valuation too stretched.", "tier": "B - Strong Watchlist", "overall_rank": 378, "clean_score": 1.087, "clean_score_pre_accounting_cash_overlay": 0.437, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.437, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (435% 1Y, 92% of 52-week range). No major accounting flag is shown. Base/bull case: 0.9x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "9936.HK", "momentum_1y_return": 4.3471, "momentum_3m_return": 0.4399, "momentum_52w_position": 0.9222 }, { "rank": 379, "ticker": "2814.T", "company": "Sato Foods Industries", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #18", "batch": 44, "source_rank": 18, "base_moic": 1.16, "bull_moic": 1.51, "why": "Good business, lower torque.", "clean_score": 1.087, "overall_rank": 379, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.787, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.787, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (35% 1Y, 65% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "2814.T", "momentum_1y_return": 0.3451, "momentum_3m_return": -0.0418, "momentum_52w_position": 0.6461 }, { "rank": 380, "ticker": "6625.T", "company": "JALCO Holdings", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #1", "batch": 36, "source_rank": 1, "base_moic": 1.43, "bull_moic": 2.3, "why": "Best combination of inflection and torque; FY2026 revenue, operating profit, and net profit rebounded sharply.", "tier": "B - Strong Watchlist", "overall_rank": 380, "clean_score": 1.086, "clean_score_pre_accounting_cash_overlay": 1.086, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.086, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (13% 1Y, 26% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "6625.T", "momentum_1y_return": 0.1301, "momentum_3m_return": -0.1495, "momentum_52w_position": 0.2614 }, { "rank": 381, "ticker": "PRIUA.PR", "company": "Primoco UAV", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #17", "batch": 37, "source_rank": 17, "base_moic": 1.37, "bull_moic": 2, "why": "European UAV/defense theme, but recent sales/net income weakness limits valuation discipline.", "tier": "B - Strong Watchlist", "overall_rank": 381, "clean_score": 1.082, "clean_score_pre_accounting_cash_overlay": 0.982, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Czech Republic", "clean_score_pre_momentum_overlay": 1.082, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (2% 1Y, 28% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "PRIUA.PR", "momentum_1y_return": 0.0222, "momentum_3m_return": -0.1097, "momentum_52w_position": 0.2764 }, { "rank": 382, "ticker": "DCM.TO", "company": "Data Communications Management", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #2", "batch": 40, "source_rank": 2, "base_moic": 2.3, "bull_moic": 3.3, "why": "Highest-quality value setup; EBITDA up and net debt falling.", "clean_score": 1.074, "overall_rank": 382, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.234, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Canada", "clean_score_pre_momentum_overlay": 1.074, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-8% 1Y, 56% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.3x/3.3x.", "momentum_source": "yahoo", "momentum_symbol": "DCM.TO", "momentum_1y_return": -0.0806, "momentum_3m_return": 0.0364, "momentum_52w_position": 0.56 }, { "rank": 383, "ticker": "VTX.V", "company": "Vertex Resource Group", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #13", "batch": 53, "source_rank": 13, "base_moic": 1.6, "bull_moic": 2.38, "why": "Cheap industrial services EBITDA story; debt/working capital cap rank.", "clean_score": 1.073, "overall_rank": 383, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.133, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 1.073, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-24% 1Y, 27% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "VTX.V", "momentum_1y_return": -0.24, "momentum_3m_return": -0.05, "momentum_52w_position": 0.2667 }, { "rank": 384, "ticker": "MYX:VIZIONE", "company": "Vizione", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #10", "batch": 54, "source_rank": 10, "base_moic": 1.9, "bull_moic": 4.7, "why": "Tiny construction turnaround with new project, but contract history, weak profitability and dilution risk.", "clean_score": 1.07, "overall_rank": 384, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.31, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.15, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Debt, dilution, or quality risk trims the score. Base/bull case: 1.9x/4.7x.", "momentum_source": "fallback" }, { "rank": 385, "ticker": "DU4.SI", "company": "Mermaid Maritime", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #9", "batch": 15, "source_rank": 9, "base_moic": 1.4, "bull_moic": 2.4, "why": "Offshore-services cycle torque, but FY2025 weakened.", "tier": "B - Strong Watchlist", "overall_rank": 385, "clean_score": 1.064, "clean_score_pre_accounting_cash_overlay": 0.764, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.764, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (17% 1Y, 49% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "DU4.SI", "momentum_1y_return": 0.1667, "momentum_3m_return": -0.0325, "momentum_52w_position": 0.4878 }, { "rank": 386, "ticker": "LPK.DE", "company": "LPKF Laser", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #26", "batch": 36, "source_rank": 26, "base_moic": 0.68, "bull_moic": 1.58, "why": "Strong story stock, weak valuation setup after rally and weaker orders/backlog.", "tier": "B - Strong Watchlist", "overall_rank": 386, "clean_score": 1.063, "clean_score_pre_accounting_cash_overlay": 0.463, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Germany", "clean_score_pre_momentum_overlay": 0.563, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (147% 1Y, 68% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.7x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "LPK.DE", "momentum_1y_return": 1.473, "momentum_3m_return": 2.1889, "momentum_52w_position": 0.6763 }, { "rank": 387, "ticker": "033230.KQ", "company": "INSUNG", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #12", "batch": 15, "source_rank": 12, "base_moic": 1.4, "bull_moic": 2.1, "why": "Deep turnaround; large revenue base and latest-quarter profit flip.", "tier": "B - Strong Watchlist", "overall_rank": 387, "clean_score": 1.056, "clean_score_pre_accounting_cash_overlay": 1.056, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.056, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-24% 1Y, 26% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "033230.KQ", "momentum_1y_return": -0.2394, "momentum_3m_return": 0.0792, "momentum_52w_position": 0.2622 }, { "rank": 388, "ticker": "6345.T", "company": "Aichi Corp", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #16", "batch": 36, "source_rank": 16, "base_moic": 1.17, "bull_moic": 1.5, "why": "Quality but lower torque; solid revenue/net income, valuation spread not wide.", "tier": "B - Strong Watchlist", "overall_rank": 388, "clean_score": 1.052, "clean_score_pre_accounting_cash_overlay": 0.952, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.052, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-3% 1Y, 27% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "6345.T", "momentum_1y_return": -0.0306, "momentum_3m_return": -0.0082, "momentum_52w_position": 0.2742 }, { "rank": 389, "ticker": "UTGN", "company": "UTG", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #12", "batch": 45, "source_rank": 12, "base_moic": 1.45, "bull_moic": 2.1, "why": "Insurance/investment-company book discount, illiquid.", "clean_score": 1.046, "overall_rank": 389, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.746, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.746, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (33% 1Y, 64% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "UTGN", "momentum_1y_return": 0.325, "momentum_3m_return": -0.0364, "momentum_52w_position": 0.6399 }, { "rank": 390, "ticker": "3303.HK", "company": "Jutal Offshore", "theme": "Oil & Gas E&P / Services", "source": "B19 #16", "batch": 19, "source_rank": 16, "base_moic": 1.23, "bull_moic": 2.11, "why": "Offshore services recovery candidate; FY25 weak.", "tier": "B - Strong Watchlist", "overall_rank": 390, "clean_score": 1.045, "clean_score_pre_accounting_cash_overlay": 0.745, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.745, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (-19% 1Y, 47% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "3303.HK", "momentum_1y_return": -0.1884, "momentum_3m_return": 0.1429, "momentum_52w_position": 0.4667 }, { "rank": 391, "ticker": "P34.SI / PEFDF", "company": "Delfi", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #24", "batch": 41, "source_rank": 24, "base_moic": 1.1, "bull_moic": 1.4, "why": "Good cash generator, lower torque.", "clean_score": 1.044, "overall_rank": 391, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.744, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.744, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (36% 1Y, 51% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "P34.SI", "momentum_1y_return": 0.3566, "momentum_3m_return": 0.043, "momentum_52w_position": 0.5098 }, { "rank": 392, "ticker": "200725.SZ", "company": "BOE Technology B", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #19", "batch": 6, "source_rank": 19, "base_moic": 1.09, "bull_moic": 1.32, "why": "Stronger company, weak torque near highs.", "tier": "B - Strong Watchlist", "overall_rank": 392, "clean_score": 1.043, "clean_score_pre_accounting_cash_overlay": 0.393, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.393, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (63% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "200725.SZ", "momentum_1y_return": 0.6328, "momentum_3m_return": 0.327, "momentum_52w_position": 1 }, { "rank": 393, "ticker": "2292.T", "company": "S Foods", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #23", "batch": 41, "source_rank": 23, "base_moic": 1.1, "bull_moic": 1.3, "why": "Stable food operator, little torque.", "clean_score": 1.038, "overall_rank": 393, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.738, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Japan", "clean_score_pre_momentum_overlay": 0.738, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (7% 1Y, 47% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "2292.T", "momentum_1y_return": 0.0731, "momentum_3m_return": -0.025, "momentum_52w_position": 0.469 }, { "rank": 394, "ticker": "ARK.L", "company": "Ark Resources", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #3", "batch": 30, "source_rank": 3, "base_moic": 4, "bull_moic": 12, "why": "Namibia uranium pivot plus Stonepark zinc; zeitgeist microcap with dilution risk.", "tier": "B - Strong Watchlist", "overall_rank": 394, "clean_score": 1.03, "clean_score_pre_accounting_cash_overlay": 0.54, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.38, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (155% 1Y, 100% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 4.0x/12.0x.", "momentum_source": "yahoo", "momentum_symbol": "ARK.L", "momentum_1y_return": 1.5455, "momentum_3m_return": 0.1667, "momentum_52w_position": 1 }, { "rank": 395, "ticker": "RWA.L", "company": "Robert Walters", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #9", "batch": 17, "source_rank": 9, "base_moic": 1.7, "bull_moic": 3, "why": "Recruitment-cycle recovery with net cash.", "tier": "B - Strong Watchlist", "overall_rank": 395, "clean_score": 1.03, "clean_score_pre_accounting_cash_overlay": 1.64, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Industrials & Aerospace", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.88, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-60% 1Y, 6% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "RWA.L", "momentum_1y_return": -0.6028, "momentum_3m_return": -0.0137, "momentum_52w_position": 0.0597 }, { "rank": 396, "ticker": "COLLADO.MX", "company": "G. Collado", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #20", "batch": 9, "source_rank": 20, "base_moic": 1.22, "bull_moic": 1.92, "why": "Steel distributor looks cheap, but weak margins/balance-sheet risk.", "tier": "B - Strong Watchlist", "overall_rank": 396, "clean_score": 1.027, "clean_score_pre_accounting_cash_overlay": 0.727, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Mexico", "clean_score_pre_momentum_overlay": 0.727, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (0% 1Y, 50% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "COLLADO.MX", "momentum_1y_return": 0, "momentum_3m_return": 0, "momentum_52w_position": 0.5 }, { "rank": 397, "ticker": "001360.KS", "company": "Samsung Pharm", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #24", "batch": 54, "source_rank": 24, "base_moic": 1.4, "bull_moic": 3.1, "why": "Pharma lottery with unclear drug-level catalyst and financial visibility.", "clean_score": 1.026, "overall_rank": 397, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.026, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.026, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (9% 1Y, 30% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "001360.KS", "momentum_1y_return": 0.0904, "momentum_3m_return": -0.1272, "momentum_52w_position": 0.3022 }, { "rank": 398, "ticker": "0045.KL", "company": "SSB8", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #15", "batch": 38, "source_rank": 15, "base_moic": 1.36, "bull_moic": 1.82, "why": "Data-center/construction-themed Malaysian momentum name; execution risk after market-cap expansion.", "tier": "B - Strong Watchlist", "overall_rank": 398, "clean_score": 1.025, "clean_score_pre_accounting_cash_overlay": 0.725, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.725, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (24% 1Y, 57% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "0045.KL", "momentum_1y_return": 0.236, "momentum_3m_return": -0.0517, "momentum_52w_position": 0.5714 }, { "rank": 399, "ticker": "NAIM.KL", "company": "Naim Holdings", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #2", "batch": 23, "source_rank": 2, "base_moic": 1.76, "bull_moic": 2.82, "why": "Deep asset/cash discount with weak catalyst quality.", "tier": "B - Strong Watchlist", "overall_rank": 399, "clean_score": 1.025, "clean_score_pre_accounting_cash_overlay": 1.105, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.105, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.8x/2.8x.", "momentum_source": "fallback" }, { "rank": 400, "ticker": "KZTK.KZ", "company": "Kazakhtelecom", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #9", "batch": 13, "source_rank": 9, "base_moic": 1.31, "bull_moic": 2.03, "why": "Asset-sale/dividend optionality with country/governance risk.", "tier": "B - Strong Watchlist", "overall_rank": 400, "clean_score": 1.022, "clean_score_pre_accounting_cash_overlay": 1.182, "accounting_cash_overlay": -0.08, "accounting_risk_flag": "watch", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.102, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Accounting/disclosure risk trims the score. Base/bull case: 1.3x/2.0x.", "momentum_source": "fallback" }, { "rank": 401, "ticker": "HNL.DE", "company": "Hoenle", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #6", "batch": 29, "source_rank": 6, "base_moic": 1.49, "bull_moic": 2.12, "why": "Operational turnaround with guidepost and consensus target support.", "tier": "B - Strong Watchlist", "overall_rank": 401, "clean_score": 1.021, "clean_score_pre_accounting_cash_overlay": 1.021, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Germany", "clean_score_pre_momentum_overlay": 1.021, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-13% 1Y, 67% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "HNL.DE", "momentum_1y_return": -0.1278, "momentum_3m_return": 0.0043, "momentum_52w_position": 0.6683 }, { "rank": 402, "ticker": "MOTHER.BK", "company": "Mother Marketing", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #19", "batch": 38, "source_rank": 19, "base_moic": 1.3, "bull_moic": 1.76, "why": "Tiny Thai grocery/retail compounder candidate with Q1 profit growth, thin margins, and limited liquidity.", "tier": "B - Strong Watchlist", "overall_rank": 402, "clean_score": 1.016, "clean_score_pre_accounting_cash_overlay": 0.776, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.016, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (16% 1Y, 42% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "MOTHER.BK", "momentum_1y_return": 0.1584, "momentum_3m_return": 0.0636, "momentum_52w_position": 0.4237 }, { "rank": 403, "ticker": "INGN", "company": "Inogen", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #1", "batch": 16, "source_rank": 1, "base_moic": 1.66, "bull_moic": 2.84, "why": "Best clean balance-sheet torque: cash, no debt, buyback, CPAP mask entry.", "tier": "B - Strong Watchlist", "overall_rank": 403, "clean_score": 1.016, "clean_score_pre_accounting_cash_overlay": 1.786, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.866, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (6% 1Y, 22% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "INGN", "momentum_1y_return": 0.0638, "momentum_3m_return": 0.0343, "momentum_52w_position": 0.2232 }, { "rank": 404, "ticker": "PKP.WA", "company": "PKP Cargo", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #9", "batch": 9, "source_rank": 9, "base_moic": 1.63, "bull_moic": 2.61, "why": "Turnaround torque, but court/restructuring risk.", "tier": "B - Strong Watchlist", "overall_rank": 404, "clean_score": 1.015, "clean_score_pre_accounting_cash_overlay": 0.715, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Poland", "clean_score_pre_momentum_overlay": 0.715, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (-12% 1Y, 63% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "PKP.WA", "momentum_1y_return": -0.1166, "momentum_3m_return": 0.1111, "momentum_52w_position": 0.6315 }, { "rank": 405, "ticker": "PCRX", "company": "Pacira BioSciences", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #6", "batch": 7, "source_rank": 6, "base_moic": 1.48, "bull_moic": 2.09, "why": "Cash-generative non-opioid pain optionality.", "tier": "B - Strong Watchlist", "overall_rank": 405, "clean_score": 1.013, "clean_score_pre_accounting_cash_overlay": 1.013, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.013, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-12% 1Y, 48% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "PCRX", "momentum_1y_return": -0.1201, "momentum_3m_return": 0.0445, "momentum_52w_position": 0.4764 }, { "rank": 406, "ticker": "TISI", "company": "Team Inc.", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #15", "batch": 25, "source_rank": 15, "base_moic": 1.6, "bull_moic": 3.5, "why": "Raw equity torque high, but levered stub.", "tier": "B - Strong Watchlist", "overall_rank": 406, "clean_score": 1.01, "clean_score_pre_accounting_cash_overlay": 1.17, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.01, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-15% 1Y, 36% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.6x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "TISI", "momentum_1y_return": -0.152, "momentum_3m_return": 0.1803, "momentum_52w_position": 0.3637 }, { "rank": 407, "ticker": "THX.L / THX.V", "company": "Thor Explorations", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #1", "batch": 25, "source_rank": 1, "base_moic": 2, "bull_moic": 3.1, "why": "Best blend of real cash generation and upside.", "tier": "B - Strong Watchlist", "overall_rank": 407, "clean_score": 1.006, "clean_score_pre_accounting_cash_overlay": 0.606, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 0.706, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (109% 1Y, 56% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.0x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "THX.L", "momentum_1y_return": 1.0872, "momentum_3m_return": -0.0441, "momentum_52w_position": 0.5583 }, { "rank": 408, "ticker": "ESENSE.HE", "company": "Enersense", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #9", "batch": 36, "source_rank": 9, "base_moic": 1.34, "bull_moic": 1.97, "why": "Energy-transition services turnaround; restructuring savings and margin progress are catalysts.", "tier": "B - Strong Watchlist", "overall_rank": 408, "clean_score": 1.002, "clean_score_pre_accounting_cash_overlay": 0.502, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.502, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (76% 1Y, 78% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "ESENSE.HE", "momentum_1y_return": 0.7609, "momentum_3m_return": 0.1219, "momentum_52w_position": 0.7828 }, { "rank": 409, "ticker": "172670.KQ", "company": "ALT", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #12", "batch": 21, "source_rank": 12, "base_moic": 1.17, "bull_moic": 2.14, "why": "Semi test-services torque, still loss-making.", "tier": "B - Strong Watchlist", "overall_rank": 409, "clean_score": 1, "clean_score_pre_accounting_cash_overlay": 0.35, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.35, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (146% 1Y, 96% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "172670.KQ", "momentum_1y_return": 1.4595, "momentum_3m_return": 0.6058, "momentum_52w_position": 0.9644 }, { "rank": 410, "ticker": "TIGXF / TIG.L", "company": "Team Internet", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #2", "batch": 27, "source_rank": 2, "base_moic": 0, "bull_moic": 0, "why": "Cheap FCF/strategic optionality after search-market transition.", "tier": "B - Strong Watchlist", "overall_rank": 410, "clean_score": 1, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.35, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (559900% 1Y, 100% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "TIGXF", "momentum_1y_return": 5599.0002, "momentum_3m_return": 0, "momentum_52w_position": 1 }, { "ticker": "042370.KQ", "company": "Vitzro Tech", "theme": "Korean Electrical Equipment, Grid, Already Re-rated", "source": "B61 #18", "batch": 61, "source_rank": 18, "base_moic": 1.18, "bull_moic": 1.89, "why": "Grid/electrical equipment theme is good, but the stock already rerated and feeds were inconsistent.", "rank": 411, "clean_score_pre_accounting_cash_overlay": 0.7, "sector": "Industrials & Aerospace", "country": "South Korea", "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1, "overall_rank": 411, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.7, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (83% 1Y, 55% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "042370.KQ", "momentum_1y_return": 0.8333, "momentum_3m_return": 0.2912, "momentum_52w_position": 0.5452 }, { "rank": 412, "ticker": "5789.KL", "company": "LBS Bina", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #14", "batch": 56, "source_rank": 14, "base_moic": 1.52, "bull_moic": 2.17, "why": "Cheap Malaysian property yield play, but operating momentum is less clean than Kimlun.", "clean_score": 1, "clean_score_pre_accounting_cash_overlay": 1, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #14", "overall_rank": 412, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-5% 1Y, 68% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "5789.KL", "momentum_1y_return": -0.051, "momentum_3m_return": 0.0109, "momentum_52w_position": 0.6786 }, { "rank": 413, "ticker": "AFNL", "company": "Abacus Financial Holdings", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #29", "batch": 30, "source_rank": 29, "base_moic": 1, "bull_moic": 1.8, "why": "Sparse OTC financial with near-zero liquidity.", "tier": "B - Strong Watchlist", "overall_rank": 413, "clean_score": 0.998, "clean_score_pre_accounting_cash_overlay": 0.258, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.498, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (85% 1Y, 77% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.0x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "AFNL", "momentum_1y_return": 0.8541, "momentum_3m_return": -0.0557, "momentum_52w_position": 0.767 }, { "rank": 414, "ticker": "HAATF / HTC.BK", "company": "Haad Thip", "theme": "Consumer, Beauty, Education, Food, Holdcos", "source": "B5 #9", "batch": 5, "source_rank": 9, "base_moic": 1.2, "bull_moic": 1.56, "why": "Good Coca-Cola bottler business, weaker torque.", "tier": "B - Strong Watchlist", "overall_rank": 414, "clean_score": 0.994, "clean_score_pre_accounting_cash_overlay": 0.694, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.694, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (0% 1Y, 50% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "HAATF", "momentum_1y_return": 0, "momentum_3m_return": 0, "momentum_52w_position": 0.5 }, { "rank": 415, "ticker": "ATO.PA", "company": "Atos", "theme": "Software, Data, Adtech, Services", "source": "B22 #12", "batch": 22, "source_rank": 12, "base_moic": 1.4, "bull_moic": 2.5, "why": "Turnaround optionality with heavy overhangs.", "tier": "B - Strong Watchlist", "overall_rank": 415, "clean_score": 0.99, "clean_score_pre_accounting_cash_overlay": 0.99, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "France", "clean_score_pre_momentum_overlay": 0.99, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (11% 1Y, 40% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "ATO.PA", "momentum_1y_return": 0.1126, "momentum_3m_return": 0.0487, "momentum_52w_position": 0.396 }, { "rank": 416, "ticker": "SYCAL.KL", "company": "Sycal Ventures", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #20", "batch": 14, "source_rank": 20, "base_moic": 0.94, "bull_moic": 1.35, "why": "Weakest fundamental setup in batch.", "tier": "B - Strong Watchlist", "overall_rank": 416, "clean_score": 0.985, "clean_score_pre_accounting_cash_overlay": 0.745, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.985, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (6% 1Y, 33% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 0.9x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "SYCAL.KL", "momentum_1y_return": 0.0625, "momentum_3m_return": 0.0303, "momentum_52w_position": 0.3333 }, { "rank": 417, "ticker": "PIA.MI / PGGCY", "company": "Piaggio", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #26", "batch": 38, "source_rank": 26, "base_moic": 1.18, "bull_moic": 1.54, "why": "Brand/dividend support, but 2025 and Q1 profit declines make it cyclical recovery, not deep torque.", "tier": "B - Strong Watchlist", "overall_rank": 417, "clean_score": 0.98, "clean_score_pre_accounting_cash_overlay": 0.88, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Italy", "clean_score_pre_momentum_overlay": 0.98, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-8% 1Y, 38% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "PIA.MI", "momentum_1y_return": -0.0844, "momentum_3m_return": 0.1182, "momentum_52w_position": 0.3803 }, { "rank": 418, "ticker": "1671.HK", "company": "Tianbao Energy", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #12", "batch": 13, "source_rank": 12, "base_moic": 1.28, "bull_moic": 2.16, "why": "EPS improved, but utility/cogeneration economics and revenue decline.", "tier": "B - Strong Watchlist", "overall_rank": 418, "clean_score": 0.978, "clean_score_pre_accounting_cash_overlay": 0.978, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.978, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (26% 1Y, 38% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "1671.HK", "momentum_1y_return": 0.2632, "momentum_3m_return": -0.0137, "momentum_52w_position": 0.375 }, { "rank": 419, "ticker": "0196.HK", "company": "Honghua Group", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #16", "batch": 25, "source_rank": 16, "base_moic": 1.4, "bull_moic": 2.3, "why": "Cheap revenue, thin margins.", "tier": "B - Strong Watchlist", "overall_rank": 419, "clean_score": 0.978, "clean_score_pre_accounting_cash_overlay": 0.978, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.978, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (35% 1Y, 43% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "0196.HK", "momentum_1y_return": 0.3475, "momentum_3m_return": 0.0106, "momentum_52w_position": 0.4298 }, { "rank": 420, "ticker": "RGP", "company": "Resources Connection", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #20", "batch": 30, "source_rank": 20, "base_moic": 1.4, "bull_moic": 2.3, "why": "Balance-sheet protection but services revenue decline.", "tier": "B - Strong Watchlist", "overall_rank": 420, "clean_score": 0.978, "clean_score_pre_accounting_cash_overlay": 0.978, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United States", "clean_score_pre_momentum_overlay": 0.978, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-11% 1Y, 38% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "RGP", "momentum_1y_return": -0.112, "momentum_3m_return": 0.2, "momentum_52w_position": 0.3789 }, { "rank": 421, "ticker": "ADVENTA.KL", "company": "Adventa", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #13", "batch": 16, "source_rank": 13, "base_moic": 1.53, "bull_moic": 2.33, "why": "Tiny healthcare/products net-net-ish case.", "tier": "B - Strong Watchlist", "overall_rank": 421, "clean_score": 0.978, "clean_score_pre_accounting_cash_overlay": 1.058, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.058, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.5x/2.3x.", "momentum_source": "fallback" }, { "rank": 422, "ticker": "SZ50.DU", "company": "Luebke Kelber", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #19", "batch": 14, "source_rank": 19, "base_moic": 0.99, "bull_moic": 1.68, "why": "Too opaque/hard to underwrite.", "tier": "B - Strong Watchlist", "overall_rank": 422, "clean_score": 0.975, "clean_score_pre_accounting_cash_overlay": 0.615, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.675, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (-2% 1Y, 57% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.0x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "SZ50.DU", "momentum_1y_return": -0.02, "momentum_3m_return": 0.1011, "momentum_52w_position": 0.5714 }, { "rank": 423, "ticker": "SGLFF", "company": "SGL Carbon", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #2", "batch": 2, "source_rank": 2, "base_moic": 1.27, "bull_moic": 2, "why": "Restructuring plus specialty graphite/semiconductor optionality.", "tier": "B - Strong Watchlist", "overall_rank": 423, "clean_score": 0.962, "clean_score_pre_accounting_cash_overlay": 0.462, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "United States", "clean_score_pre_momentum_overlay": 0.462, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (44% 1Y, 81% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "SGLFF", "momentum_1y_return": 0.4438, "momentum_3m_return": 0.4558, "momentum_52w_position": 0.8078 }, { "rank": 424, "ticker": "UOG.L", "company": "United Oil & Gas", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #5", "batch": 30, "source_rank": 5, "base_moic": 3.5, "bull_moic": 10, "why": "Jamaica Walton-Morant farmout/seismic option; limited balance-sheet support.", "tier": "B - Strong Watchlist", "overall_rank": 424, "clean_score": 0.96, "clean_score_pre_accounting_cash_overlay": 0.31, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.31, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (105% 1Y, 84% of 52-week range). No major accounting flag is shown. Base/bull case: 3.5x/10.0x.", "momentum_source": "yahoo", "momentum_symbol": "UOG.L", "momentum_1y_return": 1.0455, "momentum_3m_return": 0.1538, "momentum_52w_position": 0.8355 }, { "rank": 425, "ticker": "688021.SS", "company": "Aofu Environmental", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #20", "batch": 6, "source_rank": 20, "base_moic": 0.65, "bull_moic": 1.08, "why": "Recovery exists, but valuation already capitalizes it.", "tier": "B - Strong Watchlist", "overall_rank": 425, "clean_score": 0.955, "clean_score_pre_accounting_cash_overlay": 0.455, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.455, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (95% 1Y, 81% of 52-week range). No major accounting flag is shown. Base/bull case: 0.7x/1.1x.", "momentum_source": "yahoo", "momentum_symbol": "688021.SS", "momentum_1y_return": 0.9455, "momentum_3m_return": -0.1068, "momentum_52w_position": 0.8112 }, { "rank": 426, "ticker": "011560.KQ", "company": "Sebo Manufacturing Engineering", "theme": "Industrials & Aerospace / Korea Machinery", "source": "B58 #20", "batch": 58, "source_rank": 20, "base_moic": 1.16, "bull_moic": 1.52, "why": "Momentum and low EV multiples, but near 52-week high.", "clean_score": 0.95, "clean_score_pre_accounting_cash_overlay": 0.3, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #20", "overall_rank": 426, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.3, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (139% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "011560.KQ", "momentum_1y_return": 1.3883, "momentum_3m_return": 0.2909, "momentum_52w_position": 1 }, { "rank": 427, "ticker": "AMCX", "company": "AMC Global Media", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #6", "batch": 27, "source_rank": 6, "base_moic": 0, "bull_moic": 0, "why": "Huge FCF yield, secular cable/streaming risk.", "tier": "B - Strong Watchlist", "overall_rank": 427, "clean_score": 0.95, "clean_score_pre_accounting_cash_overlay": 0.35, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 0.45, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (38% 1Y, 69% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "AMCX", "momentum_1y_return": 0.3796, "momentum_3m_return": 0.2834, "momentum_52w_position": 0.6895 }, { "rank": 428, "ticker": "290550.KQ", "company": "DK Tech", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #15", "batch": 49, "source_rank": 15, "base_moic": 1.3, "bull_moic": 1.8, "why": "ESS optionality and momentum, but already rerated and P/E higher.", "clean_score": 0.948, "overall_rank": 428, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.448, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.448, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (270% 1Y, 70% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "290550.KQ", "momentum_1y_return": 2.7034, "momentum_3m_return": 0.275, "momentum_52w_position": 0.695 }, { "rank": 429, "ticker": "012790.KQ", "company": "Sinil Pharmaceutical", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #5", "batch": 14, "source_rank": 5, "base_moic": 1.5, "bull_moic": 1.94, "why": "Cash-rich small pharma; low EV after backing out cash.", "tier": "B - Strong Watchlist", "overall_rank": 429, "clean_score": 0.946, "clean_score_pre_accounting_cash_overlay": 1.556, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.796, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-13% 1Y, 2% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "012790.KQ", "momentum_1y_return": -0.1319, "momentum_3m_return": -0.0503, "momentum_52w_position": 0.0156 }, { "rank": 430, "ticker": "ABG.OL", "company": "ABG Sundal Collier", "theme": "Capital Markets / Asset Managers / Banks Additions", "source": "B43 #5", "batch": 43, "source_rank": 5, "base_moic": 1.23, "bull_moic": 1.76, "why": "High-yield Nordic capital-markets recovery.", "clean_score": 0.944, "overall_rank": 430, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.944, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Norway", "clean_score_pre_momentum_overlay": 0.944, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (6% 1Y, 29% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "ABG.OL", "momentum_1y_return": 0.0612, "momentum_3m_return": -0.1023, "momentum_52w_position": 0.2914 }, { "rank": 431, "ticker": "5HS.F / FRACTL", "company": "Fractal Gaming", "theme": "Electronics, Hardware, Machinery, Materials", "source": "B1 #2", "batch": 1, "source_rank": 2, "base_moic": 1.64, "bull_moic": 2.5, "why": "Cyclical washout with brand value, net cash, and possible tariff/refund relief.", "tier": "B - Strong Watchlist", "overall_rank": 431, "clean_score": 0.944, "clean_score_pre_accounting_cash_overlay": 1.554, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Semiconductors & Hardware", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.794, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-64% 1Y, 2% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "5HS.F", "momentum_1y_return": -0.6423, "momentum_3m_return": -0.1122, "momentum_52w_position": 0.0211 }, { "rank": 432, "ticker": "DINEA.MX", "company": "DINE", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #28", "batch": 49, "source_rank": 28, "base_moic": 1.2, "bull_moic": 1.7, "why": "Real-estate/land value may exist, but disclosure and catalyst velocity are thin.", "clean_score": 0.942, "overall_rank": 432, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.822, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Mexico", "clean_score_pre_momentum_overlay": 0.642, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (3% 1Y, 91% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "DINEA.MX", "momentum_1y_return": 0.0345, "momentum_3m_return": 0.0345, "momentum_52w_position": 0.9091 }, { "rank": 433, "ticker": "MAR-UN.V", "company": "Marwest Apartment REIT", "theme": "Property & Infrastructure / REIT, NAV Discount", "source": "B59 #24", "batch": 59, "source_rank": 24, "base_moic": 1.27, "bull_moic": 1.71, "why": "Thin REIT with possible NAV discount, but low catalyst and rate-driven upside.", "clean_score": 0.94, "clean_score_pre_accounting_cash_overlay": 0.4, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B59 #24", "overall_rank": 433, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Canada", "clean_score_pre_momentum_overlay": 0.64, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (0% 1Y, 64% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "MAR-UN.V", "momentum_1y_return": 0, "momentum_3m_return": 0.0533, "momentum_52w_position": 0.6429 }, { "rank": 434, "ticker": "4832.T", "company": "JFE Systems", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #16", "batch": 54, "source_rank": 16, "base_moic": 1.2, "bull_moic": 1.6, "why": "Stable quality, low torque after sales/income declines.", "clean_score": 0.936, "overall_rank": 434, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.936, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.936, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (14% 1Y, 32% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "4832.T", "momentum_1y_return": 0.145, "momentum_3m_return": -0.0721, "momentum_52w_position": 0.3185 }, { "rank": 435, "ticker": "LSE:0ABV / OTL", "company": "Odfjell Technology", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #8", "batch": 50, "source_rank": 8, "base_moic": 1.31, "bull_moic": 1.77, "why": "Quality compounder with backlog and liquidity, lower torque.", "clean_score": 0.932, "overall_rank": 435, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.772, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.012, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "fallback" }, { "rank": 436, "ticker": "MRF.JO / RZT.F", "company": "Merafe Resources", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #9", "batch": 45, "source_rank": 9, "base_moic": 1.6, "bull_moic": 2.5, "why": "Ferrochrome restart optionality; South Africa power/commodity risk.", "clean_score": 0.93, "overall_rank": 436, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.63, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "South Africa", "clean_score_pre_momentum_overlay": 0.63, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (8% 1Y, 64% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "MRF.JO", "momentum_1y_return": 0.0796, "momentum_3m_return": 0.0167, "momentum_52w_position": 0.6364 }, { "rank": 437, "ticker": "8383.T", "company": "Tottori Bank", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #15", "batch": 45, "source_rank": 15, "base_moic": 1.35, "bull_moic": 2, "why": "Japan regional bank book discount/rates tailwind, slower rerate.", "clean_score": 0.93, "overall_rank": 437, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.93, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Japan", "clean_score_pre_momentum_overlay": 0.93, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (22% 1Y, 38% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "8383.T", "momentum_1y_return": 0.2162, "momentum_3m_return": -0.1137, "momentum_52w_position": 0.3756 }, { "rank": 438, "ticker": "1432.HK", "company": "China Shengmu", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #17", "batch": 16, "source_rank": 17, "base_moic": 1.36, "bull_moic": 2.12, "why": "Dairy/raw-milk cyclicality.", "tier": "B - Strong Watchlist", "overall_rank": 438, "clean_score": 0.923, "clean_score_pre_accounting_cash_overlay": 0.623, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.623, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (80% 1Y, 51% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "1432.HK", "momentum_1y_return": 0.8033, "momentum_3m_return": -0.0435, "momentum_52w_position": 0.5068 }, { "rank": 439, "ticker": "HSSEB.KL", "company": "HSS Engineers", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #17", "batch": 39, "source_rank": 17, "base_moic": 1.46, "bull_moic": 2.12, "why": "Infrastructure consulting with order-flow upside, but margins need stabilization.", "tier": "B - Strong Watchlist", "overall_rank": 439, "clean_score": 0.923, "clean_score_pre_accounting_cash_overlay": 1.003, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.003, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "fallback" }, { "rank": 440, "ticker": "2877.T", "company": "Nittobest", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #13", "batch": 42, "source_rank": 13, "base_moic": 1.36, "bull_moic": 1.71, "why": "Cheap, steady, modest catalysts.", "clean_score": 0.919, "overall_rank": 440, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.919, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.919, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (1% 1Y, 29% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "2877.T", "momentum_1y_return": 0.0068, "momentum_3m_return": -0.0303, "momentum_52w_position": 0.2917 }, { "rank": 441, "ticker": "3632.T", "company": "GREE Holdings", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #18", "batch": 30, "source_rank": 18, "base_moic": 1.5, "bull_moic": 2.3, "why": "Net-cash/value-return profile, weak core growth.", "tier": "B - Strong Watchlist", "overall_rank": 441, "clean_score": 0.918, "clean_score_pre_accounting_cash_overlay": 0.918, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.918, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-19% 1Y, 31% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "3632.T", "momentum_1y_return": -0.1906, "momentum_3m_return": 0.0899, "momentum_52w_position": 0.3064 }, { "rank": 442, "ticker": "6706.TW", "company": "FitTech", "theme": "Electronics, Hardware, Machinery, Materials", "source": "B1 #8", "batch": 1, "source_rank": 8, "base_moic": 0.65, "bull_moic": 1.56, "why": "Right themes, poor current numbers.", "tier": "B - Strong Watchlist", "overall_rank": 442, "clean_score": 0.914, "clean_score_pre_accounting_cash_overlay": 0.264, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.264, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (130% 1Y, 91% of 52-week range). No major accounting flag is shown. Base/bull case: 0.7x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "6706.TW", "momentum_1y_return": 1.302, "momentum_3m_return": 0.4115, "momentum_52w_position": 0.9076 }, { "rank": 443, "ticker": "EZZ.AX", "company": "EZZ Life", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #3", "batch": 44, "source_rank": 3, "base_moic": 1.78, "bull_moic": 2.88, "why": "Tiny profitable consumer health exporter with dividend and low valuation.", "clean_score": 0.911, "overall_rank": 443, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.661, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Australia", "clean_score_pre_momentum_overlay": 1.761, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-63% 1Y, 1% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "EZZ.AX", "momentum_1y_return": -0.6347, "momentum_3m_return": -0.3295, "momentum_52w_position": 0.0073 }, { "rank": 444, "ticker": "CRESBLD.KL", "company": "Crest Builder", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #3", "batch": 58, "source_rank": 3, "base_moic": 1.67, "bull_moic": 2.5, "why": "Strongest Malaysia construction/property inflection in group with Q1 revenue/profit improvement; debt-heavy balance sheet limits safety.", "clean_score": 0.91, "clean_score_pre_accounting_cash_overlay": 1.15, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #3", "overall_rank": 444, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.99, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/2.5x.", "momentum_source": "fallback" }, { "rank": 445, "ticker": "FRM.AX", "company": "Farm Pride Foods", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #1", "batch": 48, "source_rank": 1, "base_moic": 2.25, "bull_moic": 4, "why": "Cleanest microcap anomaly: H1 profit inflection, net-asset support, covenants maintained, insider buying; egg-cycle and liquidity risk.", "clean_score": 0.91, "overall_rank": 445, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.82, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Australia", "clean_score_pre_momentum_overlay": 1.76, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-25% 1Y, 3% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.3x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "FRM.AX", "momentum_1y_return": -0.2545, "momentum_3m_return": -0.1458, "momentum_52w_position": 0.0303 }, { "ticker": "2180.T", "company": "Sunny Side Up Group", "theme": "Tender Offer, Japan Cleanup", "source": "B60 #18", "batch": 60, "source_rank": 18, "base_moic": 1, "bull_moic": 1.03, "why": "Fundamentally improved, but Akatsuki tender offer at ¥1,320 leaves almost no spread at the current quote.", "rank": 446, "clean_score_pre_accounting_cash_overlay": 0.25, "sector": "Special Situations", "country": "Japan", "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.9, "overall_rank": 446, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.25, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (165% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.0x.", "momentum_source": "yahoo", "momentum_symbol": "2180.T", "momentum_1y_return": 1.6479, "momentum_3m_return": 0.3824, "momentum_52w_position": 1 }, { "ticker": "0645.HK", "company": "Ares Asia", "theme": "Hong Kong Distressed Optionality, Arbitration", "source": "B60 #19", "batch": 60, "source_rank": 19, "base_moic": 1.06, "bull_moic": 2.06, "why": "Arbitration award is real, but 1H revenue collapsed and the operating business looks too impaired for a high clean-risk rank.", "rank": 447, "clean_score_pre_accounting_cash_overlay": 0.4, "sector": "Special Situations", "country": "Hong Kong / China", "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.9, "overall_rank": 447, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.4, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (-19% 1Y, 66% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "0645.HK", "momentum_1y_return": -0.1905, "momentum_3m_return": 0.2319, "momentum_52w_position": 0.661 }, { "rank": 448, "ticker": "AGD.AX / AGLD.V", "company": "Austral Gold", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #7", "batch": 9, "source_rank": 7, "base_moic": 1.85, "bull_moic": 3.33, "why": "Gold leverage plus turnaround, debt still material.", "tier": "B - Strong Watchlist", "overall_rank": 448, "clean_score": 0.9, "clean_score_pre_accounting_cash_overlay": 0.76, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 0.6, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (125% 1Y, 45% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.9x/3.3x.", "momentum_source": "yahoo", "momentum_symbol": "AGD.AX", "momentum_1y_return": 1.25, "momentum_3m_return": -0.1818, "momentum_52w_position": 0.4524 }, { "ticker": "3799.T", "company": "Keyware Solutions", "theme": "Japan IT Services, Profitable Value", "source": "B61 #19", "batch": 61, "source_rank": 19, "base_moic": 1.3, "bull_moic": 1.74, "why": "Profitable Japanese IT services value with EPS growth, but low upside torque versus better software names.", "rank": 449, "clean_score_pre_accounting_cash_overlay": 0.8, "sector": "Technology & Digital", "country": "Japan", "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "clean_score": 0.9, "overall_rank": 449, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (15% 1Y, 39% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "3799.T", "momentum_1y_return": 0.153, "momentum_3m_return": -0.1126, "momentum_52w_position": 0.3888 }, { "ticker": "THRY", "company": "Thryv Holdings", "theme": "Software, SaaS Transition, SMB Services", "source": "B60 #2", "batch": 60, "source_rank": 2, "base_moic": 2.38, "bull_moic": 4.23, "why": "Cheap SaaS transition: Q1 SaaS revenue was 70% of revenue and FY SaaS guidance was raised; legacy marketing services melt and leverage keep risk elevated.", "rank": 450, "clean_score_pre_accounting_cash_overlay": 1.85, "sector": "Technology & Digital", "country": "United States", "accounting_cash_overlay": -0.1, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.9, "overall_rank": 450, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 1.75, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-71% 1Y, 14% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.4x/4.2x.", "momentum_source": "yahoo", "momentum_symbol": "THRY", "momentum_1y_return": -0.713, "momentum_3m_return": 0.4766, "momentum_52w_position": 0.143 }, { "ticker": "5GN.AX / MLBEF", "company": "5G Networks", "theme": "Technology Infrastructure, Cybersecurity Pivot, Illiquid Microcap", "source": "B60 #4", "batch": 60, "source_rank": 4, "base_moic": 1.88, "bull_moic": 3.21, "why": "Continuing revenue grew and AUCyber acquisition adds a cyber/infra pivot; OTC liquidity and integration risk make sizing important.", "rank": 451, "clean_score_pre_accounting_cash_overlay": 1.45, "sector": "Technology & Digital", "country": "Australia", "accounting_cash_overlay": 0.3, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "clean_score": 0.9, "overall_rank": 451, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 1.75, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-44% 1Y, 27% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.9x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "5GN.AX", "momentum_1y_return": -0.4429, "momentum_3m_return": 0.2381, "momentum_52w_position": 0.2653 }, { "rank": 452, "ticker": "3527.TWO", "company": "Macroblock", "theme": "Electronics, Hardware, Machinery, Materials", "source": "B1 #5", "batch": 1, "source_rank": 5, "base_moic": 1.29, "bull_moic": 2.06, "why": "LED driver IC turnaround optionality; inflection not yet visible.", "tier": "B - Strong Watchlist", "overall_rank": 452, "clean_score": 0.898, "clean_score_pre_accounting_cash_overlay": 0.898, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.898, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-5% 1Y, 33% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "3527.TWO", "momentum_1y_return": -0.0489, "momentum_3m_return": 0.0796, "momentum_52w_position": 0.3349 }, { "rank": 453, "ticker": "CSHR", "company": "CoinShares", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #16", "batch": 40, "source_rank": 16, "base_moic": 1.4, "bull_moic": 2.3, "why": "Crypto asset-manager beta; listing/SPAC overhang.", "clean_score": 0.898, "overall_rank": 453, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.978, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "United States", "clean_score_pre_momentum_overlay": 0.978, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.4x/2.3x.", "momentum_source": "fallback" }, { "rank": 454, "ticker": "3234.TWO", "company": "Truelight", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #18", "batch": 21, "source_rank": 18, "base_moic": 1.09, "bull_moic": 1.88, "why": "Optical/semiconductor speculation with negative EBITDA.", "tier": "B - Strong Watchlist", "overall_rank": 454, "clean_score": 0.897, "clean_score_pre_accounting_cash_overlay": 0.397, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.397, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (170% 1Y, 73% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "3234.TWO", "momentum_1y_return": 1.7022, "momentum_3m_return": 0.0578, "momentum_52w_position": 0.7259 }, { "rank": 455, "ticker": "SFPI.PA", "company": "Groupe SFPI", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #18", "batch": 48, "source_rank": 18, "base_moic": 1.32, "bull_moic": 1.72, "why": "Sensible French industrial value, but not enough torque.", "clean_score": 0.895, "overall_rank": 455, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.895, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "France", "clean_score_pre_momentum_overlay": 0.895, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-10% 1Y, 39% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "SFPI.PA", "momentum_1y_return": -0.0981, "momentum_3m_return": 0.184, "momentum_52w_position": 0.3886 }, { "rank": 456, "ticker": "2281.HK", "company": "Luzhou Xinglu Water", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #9", "batch": 57, "source_rank": 9, "base_moic": 1.43, "bull_moic": 1.93, "why": "Boring but statistically cheap water utility with yield; profit decline, debt, and SOE dynamics limit rerate.", "clean_score": 0.89, "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #9", "overall_rank": 456, "tier": "B - Strong Watchlist", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.59, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (17% 1Y, 46% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "2281.HK", "momentum_1y_return": 0.1667, "momentum_3m_return": -0.1566, "momentum_52w_position": 0.4583 }, { "rank": 457, "ticker": "IRS", "company": "IRSA ADR", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #6", "batch": 58, "source_rank": 6, "base_moic": 1.6, "bull_moic": 2.55, "why": "Argentine real-estate recovery call with rental EBITDA and known dilution; macro/currency/political risk remains.", "tier": "B - Strong Watchlist", "overall_rank": 457, "clean_score": 0.89, "clean_score_pre_accounting_cash_overlay": 1.05, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #6", "prior_repass_source": "B13 #1", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.89, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-11% 1Y, 34% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "IRS", "momentum_1y_return": -0.1147, "momentum_3m_return": -0.0405, "momentum_52w_position": 0.3395 }, { "rank": 458, "ticker": "DYNR", "company": "DynaResource", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #1", "batch": 28, "source_rank": 1, "base_moic": 3.3, "bull_moic": 7.1, "why": "Best raw torque; profitable Mexico gold producer with six positive EBITDA quarters and tiny market cap.", "tier": "B - Strong Watchlist", "overall_rank": 458, "clean_score": 0.89, "clean_score_pre_accounting_cash_overlay": 1.64, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "United States", "clean_score_pre_momentum_overlay": 1.74, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-35% 1Y, 1% of 52-week range). Cash-flow or asset support helps. Base/bull case: 3.3x/7.1x.", "momentum_source": "yahoo", "momentum_symbol": "DYNR", "momentum_1y_return": -0.3478, "momentum_3m_return": -0.3571, "momentum_52w_position": 0.0099 }, { "rank": 459, "ticker": "8103.TW", "company": "Cvilux", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #10", "batch": 38, "source_rank": 10, "base_moic": 1.31, "bull_moic": 1.69, "why": "Q1 revenue/EPS improvement and hardware-cycle optionality without loss-making profile.", "tier": "B - Strong Watchlist", "overall_rank": 459, "clean_score": 0.887, "clean_score_pre_accounting_cash_overlay": 0.387, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.387, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (85% 1Y, 69% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "8103.TW", "momentum_1y_return": 0.8494, "momentum_3m_return": 0.2235, "momentum_52w_position": 0.693 }, { "rank": 460, "ticker": "WT.GROUP?", "company": "Wonderful Times Group", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #12", "batch": 17, "source_rank": 12, "base_moic": 1.4, "bull_moic": 2.1, "why": "Tiny Swedish operating/acquisition story.", "tier": "B - Strong Watchlist", "overall_rank": 460, "clean_score": 0.886, "clean_score_pre_accounting_cash_overlay": 0.966, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.966, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "fallback" }, { "rank": 461, "ticker": "095570.KS", "company": "AJ Networks", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #13", "batch": 48, "source_rank": 13, "base_moic": 1.39, "bull_moic": 1.82, "why": "Stable cheap Korean rental/logistics yield-backed business; leverage limits torque.", "clean_score": 0.883, "overall_rank": 461, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.743, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.583, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (29% 1Y, 59% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "095570.KS", "momentum_1y_return": 0.2898, "momentum_3m_return": -0.0685, "momentum_52w_position": 0.5876 }, { "rank": 462, "ticker": "COHN", "company": "Cohen & Company", "theme": "Capital Markets / Asset Managers / Banks Additions", "source": "B43 #1", "batch": 43, "source_rank": 1, "base_moic": 1.95, "bull_moic": 3.55, "why": "Best blend of microcap torque, real earnings, dividend support, and capital-markets optionality.", "clean_score": 0.883, "overall_rank": 462, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.633, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.733, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (31% 1Y, 14% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.9x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "COHN", "momentum_1y_return": 0.3093, "momentum_3m_return": -0.3257, "momentum_52w_position": 0.1404 }, { "ticker": "EEE.PL", "company": "Ekipa Holding", "theme": "Polish Media / Content, NewConnect Optionality", "source": "B61 #17", "batch": 61, "source_rank": 17, "base_moic": 1.43, "bull_moic": 2.86, "why": "Content/media optionality with decent asset/liability snapshot, but NewConnect liquidity and disclosure discount are large.", "rank": 463, "clean_score_pre_accounting_cash_overlay": 0.9, "sector": "Consumer & Media", "country": "Poland", "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "clean_score": 0.88, "overall_rank": 463, "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.96, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Accounting/disclosure risk trims the score. Base/bull case: 1.4x/2.9x.", "momentum_source": "fallback" }, { "rank": 464, "ticker": "GKENT.KL", "company": "GKENT", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #13", "batch": 12, "source_rank": 13, "base_moic": 1.24, "bull_moic": 1.9, "why": "Asset/balance-sheet value angle with uneven earnings.", "tier": "B - Strong Watchlist", "overall_rank": 464, "clean_score": 0.878, "clean_score_pre_accounting_cash_overlay": 0.958, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.958, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "fallback" }, { "rank": 465, "ticker": "6249.T", "company": "Gamecard Holdings", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #2", "batch": 14, "source_rank": 2, "base_moic": 1.46, "bull_moic": 1.99, "why": "Best risk-adjusted net-cash name; negative EV and profitable operations.", "tier": "B - Strong Watchlist", "overall_rank": 465, "clean_score": 0.875, "clean_score_pre_accounting_cash_overlay": 1.485, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.725, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (2% 1Y, 5% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "6249.T", "momentum_1y_return": 0.021, "momentum_3m_return": -0.1996, "momentum_52w_position": 0.0505 }, { "rank": 466, "ticker": "IPX.L", "company": "Impax Asset Management", "theme": "Capital Markets / Asset Managers / Banks Additions", "source": "B43 #2", "batch": 43, "source_rank": 2, "base_moic": 1.65, "bull_moic": 2.91, "why": "Cash-rich fallen ESG manager; EV very low if AUM stabilizes.", "clean_score": 0.875, "overall_rank": 466, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.485, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Financials & Credit", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.725, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-39% 1Y, 9% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "IPX.L", "momentum_1y_return": -0.3939, "momentum_3m_return": -0.1824, "momentum_52w_position": 0.0858 }, { "rank": 467, "ticker": "5JS.SI", "company": "Indofood Agri", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #19", "batch": 30, "source_rank": 19, "base_moic": 1.5, "bull_moic": 2.2, "why": "Cheap palm-oil operating leverage, lower rerating torque.", "tier": "B - Strong Watchlist", "overall_rank": 467, "clean_score": 0.872, "clean_score_pre_accounting_cash_overlay": 0.732, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.572, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (24% 1Y, 62% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "5JS.SI", "momentum_1y_return": 0.2419, "momentum_3m_return": -0.0375, "momentum_52w_position": 0.6154 }, { "rank": 468, "ticker": "KALV", "company": "KalVista Pharmaceuticals", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #30", "batch": 47, "source_rank": 30, "base_moic": 1.01, "bull_moic": 1.03, "why": "Chiesi cash takeout arb stub, not a torque idea.", "clean_score": 0.868, "overall_rank": 468, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.218, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.218, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (126% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.0x.", "momentum_source": "yahoo", "momentum_symbol": "KALV", "momentum_1y_return": 1.2586, "momentum_3m_return": 0.7308, "momentum_52w_position": 1 }, { "rank": 469, "ticker": "2878.HK", "company": "Solomon Systech", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #18", "batch": 35, "source_rank": 18, "base_moic": 1.3, "bull_moic": 1.8, "why": "Net cash makes EV look cheap, but revenue declined and FCF turned negative.", "tier": "B - Strong Watchlist", "overall_rank": 469, "clean_score": 0.868, "clean_score_pre_accounting_cash_overlay": 1.478, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Semiconductors & Hardware", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.718, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (9% 1Y, 23% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "2878.HK", "momentum_1y_return": 0.0921, "momentum_3m_return": 0.0921, "momentum_52w_position": 0.2321 }, { "rank": 470, "ticker": "1809.HK", "company": "Prinx Chengshan", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #9", "batch": 52, "source_rank": 9, "base_moic": 1.34, "bull_moic": 1.86, "why": "Cheap profitable tire exporter, lower downside but tariff/raw-material risk.", "clean_score": 0.866, "overall_rank": 470, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.766, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.866, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-3% 1Y, 58% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "1809.HK", "momentum_1y_return": -0.0252, "momentum_3m_return": 0.0104, "momentum_52w_position": 0.5755 }, { "rank": 471, "ticker": "SHMD", "company": "SCHMID Group", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #5", "batch": 3, "source_rank": 5, "base_moic": 0.79, "bull_moic": 1.5, "why": "AI/advanced-packaging narrative, but current price already discounts a lot.", "tier": "B - Strong Watchlist", "overall_rank": 471, "clean_score": 0.864, "clean_score_pre_accounting_cash_overlay": 0.564, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "United States", "clean_score_pre_momentum_overlay": 0.564, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (145% 1Y, 59% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "SHMD", "momentum_1y_return": 1.4491, "momentum_3m_return": 0.028, "momentum_52w_position": 0.5865 }, { "rank": 472, "ticker": "3585.TWO", "company": "Advance Materials", "theme": "Electronics, Hardware, Machinery, Materials", "source": "B1 #9", "batch": 1, "source_rank": 9, "base_moic": 0.62, "bull_moic": 1.68, "why": "Story-stock risk; valuation ahead of profitability.", "tier": "B - Strong Watchlist", "overall_rank": 472, "clean_score": 0.863, "clean_score_pre_accounting_cash_overlay": 0.563, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.563, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (1214% 1Y, 53% of 52-week range). No major accounting flag is shown. Base/bull case: 0.6x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "3585.TWO", "momentum_1y_return": 12.1395, "momentum_3m_return": 4.397, "momentum_52w_position": 0.5326 }, { "rank": 473, "ticker": "6609.HK", "company": "Shanghai HeartCare Medical", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #3", "batch": 49, "source_rank": 3, "base_moic": 1.7, "bull_moic": 2.7, "why": "Medtech growth plus profitability inflection; one-off gains and possible dilution mandate are risks.", "clean_score": 0.862, "overall_rank": 473, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.722, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.562, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (72% 1Y, 47% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "6609.HK", "momentum_1y_return": 0.7196, "momentum_3m_return": 0.0523, "momentum_52w_position": 0.4685 }, { "rank": 474, "ticker": "PASA.MX", "company": "Promotora Ambiental", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #7", "batch": 13, "source_rank": 7, "base_moic": 1.38, "bull_moic": 1.88, "why": "Solid waste/environmental services risk/reward with cleaner business quality.", "tier": "B - Strong Watchlist", "overall_rank": 474, "clean_score": 0.861, "clean_score_pre_accounting_cash_overlay": 0.941, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Mexico", "clean_score_pre_momentum_overlay": 0.941, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "fallback" }, { "rank": 475, "ticker": "NBDX", "company": "NB Distressed Debt Extended Life", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #19", "batch": 18, "source_rank": 19, "base_moic": 1.16, "bull_moic": 1.24, "why": "Liquidation-arb return, not equity torque.", "tier": "B - Strong Watchlist", "overall_rank": 475, "clean_score": 0.86, "clean_score_pre_accounting_cash_overlay": 0.52, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.36, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Sits in strong watchlist: good momentum supports the rank (-7% 1Y, 71% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "NBDX", "momentum_1y_return": -0.0678, "momentum_3m_return": 0.1048, "momentum_52w_position": 0.7114 }, { "rank": 476, "ticker": "PRIMOF.CO", "company": "Prime Office", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #16", "batch": 23, "source_rank": 16, "base_moic": 1.27, "bull_moic": 1.61, "why": "Property discount, moderate upside.", "tier": "B - Strong Watchlist", "overall_rank": 476, "clean_score": 0.859, "clean_score_pre_accounting_cash_overlay": 0.859, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Denmark", "clean_score_pre_momentum_overlay": 0.859, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (11% 1Y, 38% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "PRIMOF.CO", "momentum_1y_return": 0.1092, "momentum_3m_return": -0.1065, "momentum_52w_position": 0.381 }, { "rank": 477, "ticker": "LSE:0M09 / ROK-A.CO", "company": "ROCKWOOL A", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #17", "batch": 54, "source_rank": 17, "base_moic": 1.2, "bull_moic": 1.6, "why": "High-quality insulation compounder, wrong shape for high-torque microcap value.", "clean_score": 0.856, "overall_rank": 477, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.936, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.936, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "fallback" }, { "rank": 478, "ticker": "419120.KQ", "company": "Sandoll", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #4", "batch": 26, "source_rank": 4, "base_moic": 2.03, "bull_moic": 3.47, "why": "Crushed Korean font/software with buyback and AI/content optionality.", "tier": "B - Strong Watchlist", "overall_rank": 478, "clean_score": 0.856, "clean_score_pre_accounting_cash_overlay": 1.606, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.706, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-12% 1Y, 1% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.0x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "419120.KQ", "momentum_1y_return": -0.1167, "momentum_3m_return": -0.1536, "momentum_52w_position": 0.0088 }, { "rank": 479, "ticker": "600237.SS", "company": "Anhui Tongfeng Electronics", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #20", "batch": 13, "source_rank": 20, "base_moic": 0.98, "bull_moic": 1.39, "why": "Good theme, weak value setup.", "tier": "B - Strong Watchlist", "overall_rank": 479, "clean_score": 0.851, "clean_score_pre_accounting_cash_overlay": 0.551, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "China", "clean_score_pre_momentum_overlay": 0.551, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (35% 1Y, 65% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "600237.SS", "momentum_1y_return": 0.3459, "momentum_3m_return": 0.0806, "momentum_52w_position": 0.6471 }, { "rank": 480, "ticker": "DORL.TA", "company": "Doral", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #23", "batch": 57, "source_rank": 23, "base_moic": 1.06, "bull_moic": 1.44, "why": "Good renewables pipeline, but poor entry after large rerating.", "clean_score": 0.85, "clean_score_pre_accounting_cash_overlay": 0.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #23", "overall_rank": 480, "tier": "B - Strong Watchlist", "sector": "Energy & Utilities", "country": "Israel", "clean_score_pre_momentum_overlay": 0.2, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (507% 1Y, 91% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "DORL.TA", "momentum_1y_return": 5.0691, "momentum_3m_return": 0.228, "momentum_52w_position": 0.9096 }, { "rank": 481, "ticker": "TASE.TA", "company": "Tel Aviv Stock Exchange", "theme": "Financials & Credit / Market Infrastructure", "source": "B59 #22", "batch": 59, "source_rank": 22, "base_moic": 1.06, "bull_moic": 1.42, "why": "Excellent operating momentum, but already rerated and wrong profile for deep-value torque.", "clean_score": 0.85, "clean_score_pre_accounting_cash_overlay": 0.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B59 #22", "overall_rank": 481, "tier": "B - Strong Watchlist", "sector": "Financials & Credit", "country": "Israel", "clean_score_pre_momentum_overlay": 0.2, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (173% 1Y, 85% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "TASE.TA", "momentum_1y_return": 1.7273, "momentum_3m_return": -0.0077, "momentum_52w_position": 0.8507 }, { "rank": 482, "ticker": "441270.KQ", "company": "Fine M-Tec", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #25", "batch": 35, "source_rank": 25, "base_moic": 0.8, "bull_moic": 1.5, "why": "Foldable/mobile-parts optionality, but revenue fell sharply and EPS is negative.", "tier": "B - Strong Watchlist", "overall_rank": 482, "clean_score": 0.85, "clean_score_pre_accounting_cash_overlay": 0.55, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.55, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (63% 1Y, 51% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "441270.KQ", "momentum_1y_return": 0.6322, "momentum_3m_return": -0.0958, "momentum_52w_position": 0.5133 }, { "rank": 483, "ticker": "AUTLANB.MX", "company": "Autlan", "theme": "Metals, Mining, Commodity Cyclicals, Consumer / Infrastructure Corrections", "source": "B55 #9", "batch": 55, "source_rank": 9, "base_moic": 1.39, "bull_moic": 2.13, "why": "Manganese/ferroalloy cycle torque with revenue growth and narrowing losses, but still loss-making and cycle-dependent.", "clean_score": 0.85, "overall_rank": 483, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.55, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B55 #9", "prior_repass_source": "B52 #22", "sector": "Metals & Materials", "country": "Mexico", "clean_score_pre_momentum_overlay": 0.55, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (7% 1Y, 78% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "AUTLANB.MX", "momentum_1y_return": 0.0651, "momentum_3m_return": 0.0315, "momentum_52w_position": 0.782 }, { "rank": 484, "ticker": "2180.HK", "company": "ManpowerGroup Greater China", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #14", "batch": 30, "source_rank": 14, "base_moic": 1.6, "bull_moic": 2.5, "why": "Statistically cheap labor-cycle/capital-return setup.", "tier": "B - Strong Watchlist", "overall_rank": 484, "clean_score": 0.85, "clean_score_pre_accounting_cash_overlay": 0.85, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.85, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (24% 1Y, 35% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "2180.HK", "momentum_1y_return": 0.236, "momentum_3m_return": 0.0193, "momentum_52w_position": 0.3453 }, { "rank": 485, "ticker": "9768.T", "company": "Idea Consultants", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #26", "batch": 39, "source_rank": 26, "base_moic": 1.26, "bull_moic": 1.56, "why": "Quality infrastructure/environment consultant, good business but lower torque.", "tier": "B - Strong Watchlist", "overall_rank": 485, "clean_score": 0.85, "clean_score_pre_accounting_cash_overlay": 0.85, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Japan", "clean_score_pre_momentum_overlay": 0.85, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (16% 1Y, 32% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "9768.T", "momentum_1y_return": 0.1629, "momentum_3m_return": -0.1644, "momentum_52w_position": 0.3178 }, { "rank": 486, "ticker": "VITROA.MX", "company": "Vitro", "theme": "Metals, Mining, Commodity Cyclicals, Consumer / Infrastructure Corrections", "source": "B55 #8", "batch": 55, "source_rank": 8, "base_moic": 1.43, "bull_moic": 2.14, "why": "Statistically cheap asset-value name on low P/B and P/S, but catalyst quality and transparency are weaker.", "clean_score": 0.85, "overall_rank": 486, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B55 #8", "prior_repass_source": "B52 #20", "sector": "Special Situations", "country": "Mexico", "clean_score_pre_momentum_overlay": 0.85, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-12% 1Y, 44% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "VITROA.MX", "momentum_1y_return": -0.1234, "momentum_3m_return": -0.0344, "momentum_52w_position": 0.4357 }, { "rank": 487, "ticker": "049480.KS", "company": "Openbase", "theme": "Technology & Digital / Cybersecurity, Data Center Services", "source": "B57 #10", "batch": 57, "source_rank": 10, "base_moic": 1.47, "bull_moic": 2.13, "why": "Obscure Korean IT/cybersecurity value with revenue ramp; weak catalyst and volatility.", "clean_score": 0.85, "clean_score_pre_accounting_cash_overlay": 0.85, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #10", "overall_rank": 487, "tier": "B - Strong Watchlist", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.85, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (6% 1Y, 38% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "049480.KS", "momentum_1y_return": 0.0621, "momentum_3m_return": 0.1739, "momentum_52w_position": 0.375 }, { "rank": 488, "ticker": "DEK.WA", "company": "Dekpol", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #11", "batch": 58, "source_rank": 11, "base_moic": 1.43, "bull_moic": 1.98, "why": "Real growth and earnings power, but no longer a washed-out microcap.", "clean_score": 0.85, "clean_score_pre_accounting_cash_overlay": 0.85, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #11", "overall_rank": 488, "tier": "B - Strong Watchlist", "sector": "Energy & Utilities", "country": "Poland", "clean_score_pre_momentum_overlay": 0.85, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (23% 1Y, 37% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "DEK.WA", "momentum_1y_return": 0.2274, "momentum_3m_return": -0.1027, "momentum_52w_position": 0.3671 }, { "rank": 489, "ticker": "5171.KL", "company": "Kimlun", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #2", "batch": 56, "source_rank": 2, "base_moic": 1.7, "bull_moic": 2.36, "why": "Cheap earnings inflection with FY2025 net income, low trailing multiple, and Malaysia construction/data-center order-flow tailwind.", "clean_score": 0.85, "clean_score_pre_accounting_cash_overlay": 1.6, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B56 #2", "overall_rank": 489, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.7, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (7% 1Y, 25% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "5171.KL", "momentum_1y_return": 0.0653, "momentum_3m_return": -0.0364, "momentum_52w_position": 0.2479 }, { "rank": 490, "ticker": "IGR.L / IGDFF", "company": "IG Design Group", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #19", "batch": 52, "source_rank": 19, "base_moic": 1.3, "bull_moic": 1.82, "why": "Turnaround better than expected, but low-margin seasonal consumer business.", "clean_score": 0.849, "overall_rank": 490, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.549, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.549, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (15% 1Y, 64% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "IGR.L", "momentum_1y_return": 0.1484, "momentum_3m_return": 0.3364, "momentum_52w_position": 0.6413 }, { "rank": 491, "ticker": "ELSOFT.KL", "company": "Elsoft Research", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #8", "batch": 36, "source_rank": 8, "base_moic": 1.33, "bull_moic": 2.16, "why": "Semiconductor test-equipment optionality with high margins; needs revenue recovery.", "tier": "B - Strong Watchlist", "overall_rank": 491, "clean_score": 0.848, "clean_score_pre_accounting_cash_overlay": 0.928, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.928, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.3x/2.2x.", "momentum_source": "fallback" }, { "rank": 492, "ticker": "6840.TWO", "company": "BTL", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #33", "batch": 39, "source_rank": 33, "base_moic": 1.12, "bull_moic": 1.52, "why": "Testing/certification small cap with growth, but high P/E requires sustained execution.", "tier": "B - Strong Watchlist", "overall_rank": 492, "clean_score": 0.843, "clean_score_pre_accounting_cash_overlay": 0.543, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.543, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (61% 1Y, 58% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "6840.TWO", "momentum_1y_return": 0.6081, "momentum_3m_return": 0.0392, "momentum_52w_position": 0.5837 }, { "rank": 493, "ticker": "7907.TWO", "company": "LPST", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #19", "batch": 35, "source_rank": 19, "base_moic": 1.2, "bull_moic": 1.7, "why": "Real earnings, but new-listing enthusiasm leaves valuation high.", "tier": "B - Strong Watchlist", "overall_rank": 493, "clean_score": 0.842, "clean_score_pre_accounting_cash_overlay": 0.922, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.922, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "fallback" }, { "rank": 494, "ticker": "7472.T", "company": "Toba", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #6", "batch": 2, "source_rank": 6, "base_moic": 1.24, "bull_moic": 1.62, "why": "Net-cash factory automation distributor with recovery guidance.", "tier": "B - Strong Watchlist", "overall_rank": 494, "clean_score": 0.841, "clean_score_pre_accounting_cash_overlay": 0.841, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.841, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (5% 1Y, 30% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "7472.T", "momentum_1y_return": 0.0548, "momentum_3m_return": -0.085, "momentum_52w_position": 0.2987 }, { "rank": 495, "ticker": "2425.HK", "company": "AustAsia", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #11", "batch": 16, "source_rank": 11, "base_moic": 1.46, "bull_moic": 2.08, "why": "Dairy recovery option with debt/working-capital risk.", "tier": "B - Strong Watchlist", "overall_rank": 495, "clean_score": 0.841, "clean_score_pre_accounting_cash_overlay": 1.001, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.841, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (28% 1Y, 44% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "2425.HK", "momentum_1y_return": 0.28, "momentum_3m_return": -0.1193, "momentum_52w_position": 0.4394 }, { "rank": 496, "ticker": "016790.KQ", "company": "Hyundai Feed", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #29", "batch": 45, "source_rank": 29, "base_moic": 0.9, "bull_moic": 2, "why": "Improved quarter but weak rerating support.", "clean_score": 0.84, "overall_rank": 496, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.54, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.54, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (0% 1Y, 50% of 52-week range). No major accounting flag is shown. Base/bull case: 0.9x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "016790.KQ", "momentum_1y_return": 0, "momentum_3m_return": 0, "momentum_52w_position": 0.5 }, { "rank": 497, "ticker": "AVN.V", "company": "Avanti Helium", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #4", "batch": 20, "source_rank": 4, "base_moic": 1.85, "bull_moic": 3.48, "why": "Highest pure torque; Sweetgrass processing catalyst, but binary financing/commissioning risk.", "tier": "B - Strong Watchlist", "overall_rank": 497, "clean_score": 0.839, "clean_score_pre_accounting_cash_overlay": 0.699, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Canada", "clean_score_pre_momentum_overlay": 0.539, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (411% 1Y, 59% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.9x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "AVN.V", "momentum_1y_return": 4.1111, "momentum_3m_return": 0.1646, "momentum_52w_position": 0.5878 }, { "rank": 498, "ticker": "2464.TW", "company": "Mirle Automation", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #29", "batch": 35, "source_rank": 29, "base_moic": 0.6, "bull_moic": 1.1, "why": "Business can recover, but price already rerated aggressively and targets sit below quote.", "tier": "B - Strong Watchlist", "overall_rank": 498, "clean_score": 0.836, "clean_score_pre_accounting_cash_overlay": 0.186, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.186, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (119% 1Y, 97% of 52-week range). No major accounting flag is shown. Base/bull case: 0.6x/1.1x.", "momentum_source": "yahoo", "momentum_symbol": "2464.TW", "momentum_1y_return": 1.191, "momentum_3m_return": 0.7727, "momentum_52w_position": 0.9708 }, { "rank": 499, "ticker": "GAGS.VI", "company": "Gurktaler AG", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #17", "batch": 23, "source_rank": 17, "base_moic": 1.24, "bull_moic": 1.47, "why": "Illiquid dividend/asset hold.", "tier": "B - Strong Watchlist", "overall_rank": 499, "clean_score": 0.832, "clean_score_pre_accounting_cash_overlay": 0.732, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.832, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (21% 1Y, 27% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "GAGS.VI", "momentum_1y_return": 0.2143, "momentum_3m_return": 0, "momentum_52w_position": 0.2727 }, { "rank": 500, "ticker": "SUS.ST", "company": "Surgical Science", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #3", "batch": 11, "source_rank": 3, "base_moic": 1.46, "bull_moic": 2.26, "why": "Busted compounder with net cash, profitability, and credible 2027 margin recovery path.", "tier": "B - Strong Watchlist", "overall_rank": 500, "clean_score": 0.832, "clean_score_pre_accounting_cash_overlay": 1.442, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "Sweden", "clean_score_pre_momentum_overlay": 1.682, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-75% 1Y, 10% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "SUS.ST", "momentum_1y_return": -0.745, "momentum_3m_return": 0.162, "momentum_52w_position": 0.101 }, { "rank": 501, "ticker": "UPLD", "company": "Upland Software", "theme": "Software, Data, Adtech, Services", "source": "B22 #5", "batch": 22, "source_rank": 5, "base_moic": 2.4, "bull_moic": 5.4, "why": "Huge torque, high balance-sheet/reverse-split risk.", "tier": "B - Strong Watchlist", "overall_rank": 501, "clean_score": 0.83, "clean_score_pre_accounting_cash_overlay": 1.68, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "United States", "clean_score_pre_momentum_overlay": 1.68, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-69% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 2.4x/5.4x.", "momentum_source": "yahoo", "momentum_symbol": "UPLD", "momentum_1y_return": -0.6912, "momentum_3m_return": 0.3611, "momentum_52w_position": 0.0922 }, { "rank": 502, "ticker": "300686.SZ", "company": "Shenzhen CDL Precision", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #8", "batch": 3, "source_rank": 8, "base_moic": 0.85, "bull_moic": 1.49, "why": "Momentum and beta, poor fundamentals.", "tier": "B - Strong Watchlist", "overall_rank": 502, "clean_score": 0.829, "clean_score_pre_accounting_cash_overlay": 0.179, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "China", "clean_score_pre_momentum_overlay": 0.179, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Sits in strong watchlist: excellent momentum confirms the setup (111% 1Y, 86% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "300686.SZ", "momentum_1y_return": 1.1062, "momentum_3m_return": 0.2785, "momentum_52w_position": 0.8575 }, { "rank": 503, "ticker": "TST.L", "company": "Touchstar", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #14", "batch": 17, "source_rank": 14, "base_moic": 1.2, "bull_moic": 1.8, "why": "Net-cash microcap, operating stumble.", "tier": "B - Strong Watchlist", "overall_rank": 503, "clean_score": 0.828, "clean_score_pre_accounting_cash_overlay": 0.828, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.828, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-17% 1Y, 44% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "TST.L", "momentum_1y_return": -0.1714, "momentum_3m_return": 0.0741, "momentum_52w_position": 0.4412 }, { "rank": 504, "ticker": "7740.TW", "company": "Seetel New Energy", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #13", "batch": 23, "source_rank": 13, "base_moic": 1.2, "bull_moic": 1.77, "why": "Good theme, not cheap enough.", "tier": "B - Strong Watchlist", "overall_rank": 504, "clean_score": 0.826, "clean_score_pre_accounting_cash_overlay": 0.826, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.826, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-23% 1Y, 28% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "7740.TW", "momentum_1y_return": -0.2348, "momentum_3m_return": -0.0928, "momentum_52w_position": 0.2824 }, { "rank": 505, "ticker": "FOU.BR", "company": "Fountain SA", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #21", "batch": 44, "source_rank": 21, "base_moic": 1.29, "bull_moic": 1.94, "why": "Nano-cap, illiquid, weak catalyst.", "clean_score": 0.82, "overall_rank": 505, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.52, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Belgium", "clean_score_pre_momentum_overlay": 0.52, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (6% 1Y, 48% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "FOU.BR", "momentum_1y_return": 0.06, "momentum_3m_return": 0, "momentum_52w_position": 0.4783 }, { "rank": 506, "ticker": "PCR.WA", "company": "PCC Rokita", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #19", "batch": 9, "source_rank": 19, "base_moic": 1.21, "bull_moic": 1.56, "why": "Fine business, limited torque.", "tier": "B - Strong Watchlist", "overall_rank": 506, "clean_score": 0.82, "clean_score_pre_accounting_cash_overlay": 0.82, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Poland", "clean_score_pre_momentum_overlay": 0.82, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-5% 1Y, 74% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "PCR.WA", "momentum_1y_return": -0.0458, "momentum_3m_return": 0.0129, "momentum_52w_position": 0.7444 }, { "rank": 507, "ticker": "CTRM", "company": "Castor Maritime", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #12", "batch": 40, "source_rank": 12, "base_moic": 2.1, "bull_moic": 4.6, "why": "Extremely cheap on reported cash/earnings, but governance/realization risk severe.", "clean_score": 0.82, "overall_rank": 507, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.82, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-8% 1Y, 29% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 2.1x/4.6x.", "momentum_source": "yahoo", "momentum_symbol": "CTRM", "momentum_1y_return": -0.0845, "momentum_3m_return": -0.0102, "momentum_52w_position": 0.2887 }, { "rank": 508, "ticker": "KRONO.KL", "company": "KRONO", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #12", "batch": 36, "source_rank": 12, "base_moic": 1.25, "bull_moic": 2.5, "why": "Cloud/data-management theme, but recent fundamentals ugly and sentiment negative.", "tier": "B - Strong Watchlist", "overall_rank": 508, "clean_score": 0.82, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.3x/2.5x.", "momentum_source": "fallback" }, { "rank": 509, "ticker": "DCHCARE.KL", "company": "DC Healthcare", "theme": "Healthcare, Clinics, Medical Services Turnarounds", "source": "B55 #7", "batch": 55, "source_rank": 7, "base_moic": 1.45, "bull_moic": 2.73, "why": "Speculative clinic turnaround: revenue growth and Q3 profit, but FY2025 net income was tiny so margin proof is weak.", "clean_score": 0.82, "clean_score_pre_accounting_cash_overlay": 0.8, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B55 #7", "overall_rank": 509, "tier": "B - Strong Watchlist", "sector": "Healthcare & Pharma", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Cash-flow or asset support helps. Base/bull case: 1.4x/2.7x.", "momentum_source": "fallback" }, { "rank": 510, "ticker": "SUNLOGY.KL", "company": "ES Sunlogy", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #13", "batch": 57, "source_rank": 13, "base_moic": 1.62, "bull_moic": 2.69, "why": "Solar EPC torque with first full-year revenue/PBT, but gearing and project cyclicality matter.", "clean_score": 0.82, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #13", "overall_rank": 510, "tier": "B - Strong Watchlist", "sector": "Energy & Utilities", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.6x/2.7x.", "momentum_source": "fallback" }, { "rank": 511, "ticker": "LBICAP.KL", "company": "LBI Capital", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #7", "batch": 58, "source_rank": 7, "base_moic": 1.65, "bull_moic": 2.41, "why": "Tiny illiquid Malaysia property value around 0.3x book/NTA; catalyst is thin.", "clean_score": 0.82, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #7", "overall_rank": 511, "tier": "B - Strong Watchlist", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.6x/2.4x.", "momentum_source": "fallback" }, { "rank": 512, "ticker": "HMM.A", "company": "Hammond Manufacturing", "theme": "Industrials & Aerospace / Quality Industrial", "source": "B58 #16", "batch": 58, "source_rank": 16, "base_moic": 1.3, "bull_moic": 1.77, "why": "Quality industrial at reasonable EV/EBITDA, but lower torque.", "clean_score": 0.82, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #16", "overall_rank": 512, "tier": "B - Strong Watchlist", "sector": "Industrials & Aerospace", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "fallback" }, { "rank": 513, "ticker": "HPK", "company": "HighPeak Energy", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #16", "batch": 53, "source_rank": 16, "base_moic": 1.4, "bull_moic": 1.97, "why": "Permian asset torque, but leverage and ATM risk reduce margin of safety.", "clean_score": 0.818, "overall_rank": 513, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.578, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 0.518, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (-17% 1Y, 47% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "HPK", "momentum_1y_return": -0.1672, "momentum_3m_return": 0.1092, "momentum_52w_position": 0.4657 }, { "rank": 514, "ticker": "AUSS.OL", "company": "Austevoll Seafood", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #17", "batch": 17, "source_rank": 17, "base_moic": 1.2, "bull_moic": 1.6, "why": "Quality seafood holdco, mature/lower torque.", "tier": "B - Strong Watchlist", "overall_rank": 514, "clean_score": 0.816, "clean_score_pre_accounting_cash_overlay": 0.816, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Norway", "clean_score_pre_momentum_overlay": 0.816, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-5% 1Y, 39% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "AUSS.OL", "momentum_1y_return": -0.051, "momentum_3m_return": -0.0996, "momentum_52w_position": 0.385 }, { "rank": 515, "ticker": "POMO3.SA", "company": "Marcopolo", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #7", "batch": 38, "source_rank": 7, "base_moic": 1.44, "bull_moic": 1.86, "why": "Cheap cyclical compounder with strong ROIC and rising international revenue mix.", "tier": "B - Strong Watchlist", "overall_rank": 515, "clean_score": 0.816, "clean_score_pre_accounting_cash_overlay": 0.816, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.816, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (13% 1Y, 34% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "POMO3.SA", "momentum_1y_return": 0.1286, "momentum_3m_return": 0.0629, "momentum_52w_position": 0.344 }, { "rank": 516, "ticker": "603590.SS", "company": "JZJ Chain Drugstore", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #11", "batch": 7, "source_rank": 11, "base_moic": 1.2, "bull_moic": 1.56, "why": "Reasonable but low-margin, low-torque.", "tier": "B - Strong Watchlist", "overall_rank": 516, "clean_score": 0.814, "clean_score_pre_accounting_cash_overlay": 0.814, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 0.814, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (24% 1Y, 25% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "603590.SS", "momentum_1y_return": 0.2354, "momentum_3m_return": 0.0234, "momentum_52w_position": 0.252 }, { "rank": 517, "ticker": "POWR.JK", "company": "Cikarang Listrindo", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #12", "batch": 28, "source_rank": 12, "base_moic": 1.3, "bull_moic": 1.5, "why": "Stable utility-like high-yield exposure, low torque.", "tier": "B - Strong Watchlist", "overall_rank": 517, "clean_score": 0.81, "clean_score_pre_accounting_cash_overlay": 0.81, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Indonesia", "clean_score_pre_momentum_overlay": 0.81, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (-1% 1Y, 47% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "POWR.JK", "momentum_1y_return": -0.0136, "momentum_3m_return": 0.0069, "momentum_52w_position": 0.4737 }, { "rank": 518, "ticker": "HAIKI.MI", "company": "HAIKI+", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #5", "batch": 59, "source_rank": 5, "base_moic": 2.1, "bull_moic": 4, "why": "Italian waste/circular-economy platform with thematic rerating torque; leverage/refinancing is main risk.", "clean_score": 0.81, "clean_score_pre_accounting_cash_overlay": 1.05, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B59 #5", "overall_rank": 518, "tier": "B - Strong Watchlist", "sector": "Technology & Digital", "country": "Italy", "clean_score_pre_momentum_overlay": 0.89, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. Debt, dilution, or quality risk trims the score. Base/bull case: 2.1x/4.0x.", "momentum_source": "fallback" }, { "rank": 519, "ticker": "PYYX", "company": "Pyxus", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #1", "batch": 40, "source_rank": 1, "base_moic": 2.8, "bull_moic": 6, "why": "Best deep-value torque; FY26 EBITDA guide large versus tiny equity, deleveraging is unlock, but debt/OTC/tobacco risks.", "clean_score": 0.81, "overall_rank": 519, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 1.82, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.66, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Sits in strong watchlist: weak/stagnant momentum is a rank penalty (-46% 1Y, 5% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.8x/6.0x.", "momentum_source": "yahoo", "momentum_symbol": "PYYX", "momentum_1y_return": -0.4644, "momentum_3m_return": -0.0731, "momentum_52w_position": 0.0457 }, { "rank": 520, "ticker": "L&PBHD.KL", "company": "L&P Global", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #7", "batch": 2, "source_rank": 7, "base_moic": 1.24, "bull_moic": 2.38, "why": "Tiny beaten-down recovery option; needs demand proof.", "tier": "B - Strong Watchlist", "overall_rank": 520, "clean_score": 0.807, "clean_score_pre_accounting_cash_overlay": 0.887, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.887, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.2x/2.4x.", "momentum_source": "fallback" }, { "rank": 521, "ticker": "SEA1.OL", "company": "Sea1 Offshore", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #7", "batch": 6, "source_rank": 7, "base_moic": 1.34, "bull_moic": 1.93, "why": "Offshore-cycle cash generation, but cyclical/leverage risk.", "tier": "B - Strong Watchlist", "overall_rank": 521, "clean_score": 0.8, "clean_score_pre_accounting_cash_overlay": 0.56, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "Norway", "clean_score_pre_momentum_overlay": 0.5, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (37% 1Y, 54% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "SEA1.OL", "momentum_1y_return": 0.3678, "momentum_3m_return": -0.0323, "momentum_52w_position": 0.5391 }, { "rank": 522, "ticker": "030210.KS", "company": "Daol Investment & Securities", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #25", "batch": 40, "source_rank": 25, "base_moic": 1.4, "bull_moic": 2, "why": "Korean broker cyclicality; underwriting harder from public snippets.", "clean_score": 0.8, "overall_rank": 522, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.8, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.8, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (19% 1Y, 33% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "030210.KS", "momentum_1y_return": 0.1931, "momentum_3m_return": -0.0606, "momentum_52w_position": 0.3294 }, { "rank": 523, "ticker": "4627.T", "company": "Natoco", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #26", "batch": 51, "source_rank": 26, "base_moic": 1.15, "bull_moic": 1.46, "why": "Stable coatings/chemicals name, weak recent growth.", "clean_score": 0.798, "overall_rank": 523, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.498, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Japan", "clean_score_pre_momentum_overlay": 0.498, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Sits in strong watchlist: positive momentum gives it credit (14% 1Y, 63% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "4627.T", "momentum_1y_return": 0.1434, "momentum_3m_return": -0.0929, "momentum_52w_position": 0.6326 }, { "rank": 524, "ticker": "H&R.DE", "company": "H&R GmbH & Co KGaA", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #8", "batch": 37, "source_rank": 8, "base_moic": 1.37, "bull_moic": 1.77, "why": "Cheap cyclical chemical/specialty hydrocarbon name around low EBITDA multiple.", "tier": "B - Strong Watchlist", "overall_rank": 524, "clean_score": 0.798, "clean_score_pre_accounting_cash_overlay": 0.878, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Germany", "clean_score_pre_momentum_overlay": 0.878, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Sits in strong watchlist: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.4x/1.8x.", "momentum_source": "fallback" }, { "rank": 525, "ticker": "017390.KQ", "company": "Seoul City Gas", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #25", "batch": 51, "source_rank": 25, "base_moic": 1.26, "bull_moic": 1.68, "why": "Asset/yield value with no obvious inflection catalyst.", "clean_score": 0.797, "overall_rank": 525, "tier": "B - Strong Watchlist", "clean_score_pre_accounting_cash_overlay": 0.797, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.797, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Sits in strong watchlist: mixed momentum keeps it from ranking higher (9% 1Y, 29% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "017390.KQ", "momentum_1y_return": 0.0873, "momentum_3m_return": -0.1101, "momentum_52w_position": 0.2857 }, { "rank": 526, "ticker": "452280.KQ", "company": "HanSun Engineering", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #30", "batch": 35, "source_rank": 30, "base_moic": 0.7, "bull_moic": 1.1, "why": "Good company, poor entry; high valuation makes risk/reward weakest in basket.", "tier": "C - Monitor / Lower Priority", "overall_rank": 526, "clean_score": 0.796, "clean_score_pre_accounting_cash_overlay": 0.146, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.146, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Falls into monitor / lower priority: excellent momentum confirms the setup (351% 1Y, 97% of 52-week range). No major accounting flag is shown. Base/bull case: 0.7x/1.1x.", "momentum_source": "yahoo", "momentum_symbol": "452280.KQ", "momentum_1y_return": 3.5083, "momentum_3m_return": 1.1123, "momentum_52w_position": 0.9719 }, { "rank": 527, "ticker": "3580.TW", "company": "Mytrex", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #8", "batch": 7, "source_rank": 8, "base_moic": 1.43, "bull_moic": 2.26, "why": "Cheap on sales, weaker margins/catalyst quality.", "tier": "C - Monitor / Lower Priority", "overall_rank": 527, "clean_score": 0.794, "clean_score_pre_accounting_cash_overlay": 0.874, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.874, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.4x/2.3x.", "momentum_source": "fallback" }, { "rank": 528, "ticker": "4662.T", "company": "Focus Systems", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #12", "batch": 12, "source_rank": 12, "base_moic": 1.16, "bull_moic": 1.48, "why": "Stable Japanese IT/services, limited torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 528, "clean_score": 0.785, "clean_score_pre_accounting_cash_overlay": 0.785, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Japan", "clean_score_pre_momentum_overlay": 0.785, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (25% 1Y, 37% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "4662.T", "momentum_1y_return": 0.252, "momentum_3m_return": 0.0038, "momentum_52w_position": 0.3743 }, { "rank": 529, "ticker": "MYX:METRO", "company": "Metro Healthcare", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #26", "batch": 46, "source_rank": 26, "base_moic": 1.5, "bull_moic": 2.3, "why": "Small maternity/healthcare platform with corporate-action optionality but limited disclosure.", "clean_score": 0.778, "overall_rank": 529, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.038, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.858, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. Accounting/disclosure risk trims the score. Base/bull case: 1.5x/2.3x.", "momentum_source": "fallback" }, { "rank": 530, "ticker": "SEA.L", "company": "Seascape Energy Asia", "theme": "Oil & Gas E&P / Services", "source": "B19 #13", "batch": 19, "source_rank": 13, "base_moic": 1.51, "bull_moic": 3.35, "why": "Exploration option, already discounts a lot.", "tier": "C - Monitor / Lower Priority", "overall_rank": 530, "clean_score": 0.777, "clean_score_pre_accounting_cash_overlay": 0.127, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.127, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Falls into monitor / lower priority: excellent momentum confirms the setup (167% 1Y, 97% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "SEA.L", "momentum_1y_return": 1.6716, "momentum_3m_return": 0.1474, "momentum_52w_position": 0.9669 }, { "rank": 531, "ticker": "RHKU.F", "company": "Rhoen-Klinikum ADR", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #28", "batch": 47, "source_rank": 28, "base_moic": 1.15, "bull_moic": 1.39, "why": "Stable German hospital operator with limited catalyst density.", "clean_score": 0.773, "overall_rank": 531, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.773, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Germany", "clean_score_pre_momentum_overlay": 0.773, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-8% 1Y, 34% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "RHKU.F", "momentum_1y_return": -0.0846, "momentum_3m_return": -0.0165, "momentum_52w_position": 0.3437 }, { "rank": 532, "ticker": "2485.TW", "company": "Zinwell", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #24", "batch": 48, "source_rank": 24, "base_moic": 0.76, "bull_moic": 1.38, "why": "Momentum/optionality after huge run, poor fundamental risk/reward.", "clean_score": 0.769, "overall_rank": 532, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.119, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.119, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Falls into monitor / lower priority: excellent momentum confirms the setup (450% 1Y, 84% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "2485.TW", "momentum_1y_return": 4.5, "momentum_3m_return": -0.1211, "momentum_52w_position": 0.8432 }, { "rank": 533, "ticker": "RHK.DE", "company": "Rhon-Klinikum", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #9", "batch": 10, "source_rank": 9, "base_moic": 1.13, "bull_moic": 1.41, "why": "Stable, low torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 533, "clean_score": 0.763, "clean_score_pre_accounting_cash_overlay": 0.763, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Germany", "clean_score_pre_momentum_overlay": 0.763, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-2% 1Y, 65% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "RHK.DE", "momentum_1y_return": -0.0233, "momentum_3m_return": -0.0308, "momentum_52w_position": 0.65 }, { "rank": 534, "ticker": "HAILY.KL", "company": "Haily Group", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #4", "batch": 13, "source_rank": 4, "base_moic": 1.54, "bull_moic": 2.82, "why": "Illiquid Malaysian construction microcap with strong revenue growth and thin margins.", "tier": "C - Monitor / Lower Priority", "overall_rank": 534, "clean_score": 0.763, "clean_score_pre_accounting_cash_overlay": 0.843, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.843, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.5x/2.8x.", "momentum_source": "fallback" }, { "rank": 535, "ticker": "688488.SS", "company": "Jiangsu Aidea", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #10", "batch": 7, "source_rank": 10, "base_moic": 1.13, "bull_moic": 1.69, "why": "Revenue inflecting, but already expensive vs losses.", "tier": "C - Monitor / Lower Priority", "overall_rank": 535, "clean_score": 0.759, "clean_score_pre_accounting_cash_overlay": 0.459, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 0.459, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (44% 1Y, 46% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "688488.SS", "momentum_1y_return": 0.4389, "momentum_3m_return": 0.0125, "momentum_52w_position": 0.4567 }, { "rank": 536, "ticker": "CURV", "company": "Torrid", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #4", "batch": 12, "source_rank": 4, "base_moic": 1.59, "bull_moic": 3.08, "why": "Turnaround equity stub; adjusted EBITDA supports upside if store closures stabilize comps.", "tier": "C - Monitor / Lower Priority", "overall_rank": 536, "clean_score": 0.759, "clean_score_pre_accounting_cash_overlay": 1.509, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.609, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-75% 1Y, 9% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "CURV", "momentum_1y_return": -0.7505, "momentum_3m_return": 0.0866, "momentum_52w_position": 0.0907 }, { "rank": 537, "ticker": "688391.SS", "company": "Hi-Trend", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #10", "batch": 4, "source_rank": 10, "base_moic": 0.87, "bull_moic": 1.22, "why": "Expensive near highs while recent quarter weakened.", "tier": "C - Monitor / Lower Priority", "overall_rank": 537, "clean_score": 0.755, "clean_score_pre_accounting_cash_overlay": 0.255, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "China", "clean_score_pre_momentum_overlay": 0.255, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (15% 1Y, 77% of 52-week range). No major accounting flag is shown. Base/bull case: 0.9x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "688391.SS", "momentum_1y_return": 0.1452, "momentum_3m_return": 0.0543, "momentum_52w_position": 0.7678 }, { "rank": 538, "ticker": "6822.TW", "company": "BiOptic", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #13", "batch": 7, "source_rank": 13, "base_moic": 1.07, "bull_moic": 1.55, "why": "Too expensive for current earnings quality.", "tier": "C - Monitor / Lower Priority", "overall_rank": 538, "clean_score": 0.755, "clean_score_pre_accounting_cash_overlay": 0.835, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.835, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.1x/1.6x.", "momentum_source": "fallback" }, { "rank": 539, "ticker": "CPINV.BR", "company": "Care Property Invest", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #27", "batch": 46, "source_rank": 27, "base_moic": 1, "bull_moic": 1.2, "why": "Good healthcare REIT, but income/defensive profile has poor torque.", "clean_score": 0.752, "overall_rank": 539, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.452, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Belgium", "clean_score_pre_momentum_overlay": 0.452, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (-4% 1Y, 78% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "CPINV.BR", "momentum_1y_return": -0.035, "momentum_3m_return": 0.0559, "momentum_52w_position": 0.7826 }, { "rank": 540, "ticker": "1832.SP", "company": "Hokkaidenko", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #34", "batch": 39, "source_rank": 34, "base_moic": 1.23, "bull_moic": 1.56, "why": "Regional infrastructure contractor already rewarded by market; moderate torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 540, "clean_score": 0.752, "clean_score_pre_accounting_cash_overlay": 0.832, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.832, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "fallback" }, { "rank": 541, "ticker": "5AE.SI", "company": "Pollux Properties", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #21", "batch": 56, "source_rank": 21, "base_moic": 1.36, "bull_moic": 2.12, "why": "Illiquid Singapore property stub after sharp move; not clearly cheap enough.", "clean_score": 0.75, "clean_score_pre_accounting_cash_overlay": 0.45, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #21", "overall_rank": 541, "tier": "C - Monitor / Lower Priority", "sector": "Property & Infrastructure", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.45, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (50% 1Y, 54% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "5AE.SI", "momentum_1y_return": 0.5, "momentum_3m_return": -0.0833, "momentum_52w_position": 0.5385 }, { "rank": 542, "ticker": "DERM", "company": "Journey Medical", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #12", "batch": 47, "source_rank": 12, "base_moic": 1.54, "bull_moic": 2.43, "why": "Emrosi launch is working and losses narrowed; not as cheap as top names.", "clean_score": 0.75, "overall_rank": 542, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.75, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-9% 1Y, 37% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "DERM", "momentum_1y_return": -0.09, "momentum_3m_return": -0.1334, "momentum_52w_position": 0.3655 }, { "ticker": "NZK.NZ", "company": "New Zealand King Salmon", "theme": "Aquaculture, Asset Value, Biological Risk", "source": "B61 #20", "batch": 61, "source_rank": 20, "base_moic": 1.2, "bull_moic": 2.25, "why": "Asset-value mismatch with NTA above price, but recent losses, biological risk, and weak long-term stock performance keep it lower.", "rank": 543, "clean_score_pre_accounting_cash_overlay": 0.65, "sector": "Consumer & Media", "country": "New Zealand", "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "clean_score": 0.75, "overall_rank": 543, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 0.75, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-13% 1Y, 38% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "NZK.NZ", "momentum_1y_return": -0.125, "momentum_3m_return": 0.0244, "momentum_52w_position": 0.375 }, { "rank": 544, "ticker": "FDM.L / FDDMF", "company": "FDM Group", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #8", "batch": 45, "source_rank": 8, "base_moic": 1.55, "bull_moic": 2.4, "why": "Debt-free cyclical trough candidate; tech hiring must turn.", "clean_score": 0.744, "overall_rank": 544, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.514, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Financials & Credit", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.594, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-55% 1Y, 6% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "FDM.L", "momentum_1y_return": -0.5474, "momentum_3m_return": -0.1191, "momentum_52w_position": 0.0632 }, { "rank": 545, "ticker": "MTL.L", "company": "Metals Exploration", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #3", "batch": 9, "source_rank": 3, "base_moic": 1.59, "bull_moic": 2.76, "why": "Lower-risk gold torque and strong cash generation.", "tier": "C - Monitor / Lower Priority", "overall_rank": 545, "clean_score": 0.74, "clean_score_pre_accounting_cash_overlay": 0.34, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.44, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (90% 1Y, 63% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "MTL.L", "momentum_1y_return": 0.8954, "momentum_3m_return": 0.0821, "momentum_52w_position": 0.6313 }, { "ticker": "LDX.AX", "company": "Lumos Diagnostics", "theme": "Healthcare Diagnostics, Commercial Rollout, Microcap Optionality", "source": "B60 #1", "batch": 60, "source_rank": 1, "base_moic": 2.15, "bull_moic": 4.62, "why": "FebriDx FDA 510(k)/CLIA waiver, WellStreet sites, BARDA milestones and PHASE framework; dilution and commercial execution risk remain real.", "rank": 546, "clean_score_pre_accounting_cash_overlay": 1.75, "sector": "Healthcare & Pharma", "country": "Australia", "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.74, "overall_rank": 546, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 1.59, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (408% 1Y, 36% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.1x/4.6x.", "momentum_source": "yahoo", "momentum_symbol": "LDX.AX", "momentum_1y_return": 4.0769, "momentum_3m_return": -0.5019, "momentum_52w_position": 0.3605 }, { "rank": 547, "ticker": "241690.KQ", "company": "Unitekno", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #22", "batch": 35, "source_rank": 22, "base_moic": 1.1, "bull_moic": 1.8, "why": "Cheap-looking near low, but margins and profitability are weak.", "tier": "C - Monitor / Lower Priority", "overall_rank": 547, "clean_score": 0.738, "clean_score_pre_accounting_cash_overlay": 0.738, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.738, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (13% 1Y, 37% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "241690.KQ", "momentum_1y_return": 0.1347, "momentum_3m_return": -0.1247, "momentum_52w_position": 0.3655 }, { "rank": 548, "ticker": "ORON.SW", "company": "Orior", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #12", "batch": 44, "source_rank": 12, "base_moic": 1.51, "bull_moic": 2.65, "why": "Fallen Swiss food restructuring/debt reduction.", "clean_score": 0.735, "overall_rank": 548, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.595, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Switzerland", "clean_score_pre_momentum_overlay": 0.435, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (-12% 1Y, 53% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "ORON.SW", "momentum_1y_return": -0.1229, "momentum_3m_return": 0.2685, "momentum_52w_position": 0.5259 }, { "rank": 549, "ticker": "KELYA", "company": "Kelly Services", "theme": "Software, Data, Adtech, Services", "source": "B22 #11", "batch": 22, "source_rank": 11, "base_moic": 1.3, "bull_moic": 1.9, "why": "Cheap staffing cyclicality.", "tier": "C - Monitor / Lower Priority", "overall_rank": 549, "clean_score": 0.734, "clean_score_pre_accounting_cash_overlay": 0.734, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "United States", "clean_score_pre_momentum_overlay": 0.734, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-13% 1Y, 34% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "KELYA", "momentum_1y_return": -0.1324, "momentum_3m_return": 0.2279, "momentum_52w_position": 0.3369 }, { "rank": 550, "ticker": "5007.KL", "company": "Chin Well", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #10", "batch": 28, "source_rank": 10, "base_moic": 1.3, "bull_moic": 1.9, "why": "Balance-sheet value with lower catalyst density.", "tier": "C - Monitor / Lower Priority", "overall_rank": 550, "clean_score": 0.734, "clean_score_pre_accounting_cash_overlay": 0.734, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.734, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-13% 1Y, 39% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "5007.KL", "momentum_1y_return": -0.131, "momentum_3m_return": 0.0977, "momentum_52w_position": 0.3889 }, { "rank": 551, "ticker": "3315.T", "company": "Nippon Coke", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #24", "batch": 40, "source_rank": 24, "base_moic": 1.3, "bull_moic": 2.2, "why": "Commodity/reopening recovery torque, but ugly fundamentals.", "clean_score": 0.732, "overall_rank": 551, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.732, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Japan", "clean_score_pre_momentum_overlay": 0.732, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (18% 1Y, 32% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "3315.T", "momentum_1y_return": 0.1765, "momentum_3m_return": -0.1228, "momentum_52w_position": 0.3158 }, { "rank": 552, "ticker": "LSX:A1CZC2 / LHC.JSE", "company": "Life Healthcare", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #25", "batch": 46, "source_rank": 25, "base_moic": 1.2, "bull_moic": 1.5, "why": "Larger private-hospital value story with distributions; lower torque.", "clean_score": 0.73, "overall_rank": 552, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.81, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.81, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.2x/1.5x.", "momentum_source": "fallback" }, { "rank": 553, "ticker": "036580.KQ", "company": "FARMSCO", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #4", "batch": 16, "source_rank": 4, "base_moic": 1.73, "bull_moic": 2.5, "why": "Very cheap normalized earnings; feed/meat cycle and leverage.", "tier": "C - Monitor / Lower Priority", "overall_rank": 553, "clean_score": 0.728, "clean_score_pre_accounting_cash_overlay": 0.888, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.728, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (21% 1Y, 29% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "036580.KQ", "momentum_1y_return": 0.2143, "momentum_3m_return": -0.175, "momentum_52w_position": 0.2938 }, { "rank": 554, "ticker": "307180.KQ", "company": "IL CO", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #9", "batch": 4, "source_rank": 9, "base_moic": 0.95, "bull_moic": 1.76, "why": "Speculative rebound case.", "tier": "C - Monitor / Lower Priority", "overall_rank": 554, "clean_score": 0.726, "clean_score_pre_accounting_cash_overlay": 0.226, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.226, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (177% 1Y, 81% of 52-week range). No major accounting flag is shown. Base/bull case: 0.9x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "307180.KQ", "momentum_1y_return": 1.7708, "momentum_3m_return": 0.3735, "momentum_52w_position": 0.8057 }, { "rank": 555, "ticker": "KETL.L / SG9.F", "company": "Strix Group", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #14", "batch": 39, "source_rank": 14, "base_moic": 1.46, "bull_moic": 2, "why": "Levered recovery candidate; Billi helps mix, but consumer cyclicality and debt cap rank.", "tier": "C - Monitor / Lower Priority", "overall_rank": 555, "clean_score": 0.726, "clean_score_pre_accounting_cash_overlay": 0.586, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.426, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (-4% 1Y, 53% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "KETL.L", "momentum_1y_return": -0.0439, "momentum_3m_return": 0.166, "momentum_52w_position": 0.5294 }, { "rank": 556, "ticker": "1122.HK", "company": "Qingling Motors", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #22", "batch": 41, "source_rank": 22, "base_moic": 1.2, "bull_moic": 1.6, "why": "Low P/B China truck OEM, profitability weak.", "clean_score": 0.726, "overall_rank": 556, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.626, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.726, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (60% 1Y, 42% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "1122.HK", "momentum_1y_return": 0.5965, "momentum_3m_return": 0.0111, "momentum_52w_position": 0.4167 }, { "rank": 557, "ticker": "WILD.TO", "company": "WildBrain", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #1", "batch": 44, "source_rank": 1, "base_moic": 1.9, "bull_moic": 3.57, "why": "Peanuts stake sale deleveraging creates higher-quality licensing rerate setup.", "clean_score": 0.724, "overall_rank": 557, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.574, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 1.574, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-31% 1Y, 20% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "WILD.TO", "momentum_1y_return": -0.3147, "momentum_3m_return": 0.1345, "momentum_52w_position": 0.202 }, { "rank": 558, "ticker": "ACDC", "company": "ProFrac", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #19", "batch": 50, "source_rank": 19, "base_moic": 0.9, "bull_moic": 1.55, "why": "Frac-cycle torque, but near-term revenue/EBITDA trend is poor.", "clean_score": 0.723, "overall_rank": 558, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.423, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.423, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (18% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 0.9x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "ACDC", "momentum_1y_return": 0.1832, "momentum_3m_return": 0.1742, "momentum_52w_position": 0.6213 }, { "rank": 559, "ticker": "1765.HK", "company": "XJ International", "theme": "Consumer, Beauty, Education, Food, Holdcos", "source": "B5 #2", "batch": 5, "source_rank": 2, "base_moic": 2.06, "bull_moic": 3.87, "why": "Deepest value; sub-3x P/E and 0.12x P/B with structure risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 559, "clean_score": 0.718, "clean_score_pre_accounting_cash_overlay": 1.468, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.568, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-16% 1Y, 17% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.1x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "1765.HK", "momentum_1y_return": -0.1613, "momentum_3m_return": -0.0602, "momentum_52w_position": 0.1681 }, { "rank": 560, "ticker": "RICK", "company": "RCI Hospitality", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #11", "batch": 44, "source_rank": 11, "base_moic": 1.57, "bull_moic": 2.69, "why": "Real-asset-backed cash-flow, but compliance/traffic hair.", "clean_score": 0.713, "overall_rank": 560, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.323, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "United States", "clean_score_pre_momentum_overlay": 1.563, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-39% 1Y, 16% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "RICK", "momentum_1y_return": -0.3912, "momentum_3m_return": 0.1623, "momentum_52w_position": 0.1558 }, { "rank": 561, "ticker": "2293.T", "company": "Takizawa Ham", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #25", "batch": 41, "source_rank": 25, "base_moic": 1.1, "bull_moic": 1.3, "why": "Profit return forecast, weak margins.", "clean_score": 0.708, "overall_rank": 561, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.708, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.708, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (5% 1Y, 31% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "2293.T", "momentum_1y_return": 0.0482, "momentum_3m_return": -0.1098, "momentum_52w_position": 0.3143 }, { "rank": 562, "ticker": "TEOSENG.KL", "company": "Teo Seng Capital", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #13", "batch": 30, "source_rank": 13, "base_moic": 1.7, "bull_moic": 2.8, "why": "Profitable egg producer, subsidy/margin normalization risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 562, "clean_score": 0.708, "clean_score_pre_accounting_cash_overlay": 1.458, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.558, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-15% 1Y, 0% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "TEOSENG.KL", "momentum_1y_return": -0.1515, "momentum_3m_return": -0.1295, "momentum_52w_position": 0 }, { "rank": 563, "ticker": "PGY", "company": "Pagaya", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #9", "batch": 40, "source_rank": 9, "base_moic": 1.7, "bull_moic": 2.8, "why": "Profitable network-volume platform; credit/funding-market risk.", "clean_score": 0.708, "overall_rank": 563, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.458, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "United States", "clean_score_pre_momentum_overlay": 1.558, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-4% 1Y, 8% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "PGY", "momentum_1y_return": -0.0434, "momentum_3m_return": 0.2491, "momentum_52w_position": 0.0844 }, { "rank": 564, "ticker": "ERDLF / ERD.NZ", "company": "EROAD", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #2", "batch": 39, "source_rank": 2, "base_moic": 1.6, "bull_moic": 2.6, "why": "Strong SaaS/telematics turnaround with FY25 profit, FCF inflection, U.S. exposure, and rerating room.", "tier": "C - Monitor / Lower Priority", "overall_rank": 564, "clean_score": 0.706, "clean_score_pre_accounting_cash_overlay": 1.456, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "New Zealand", "clean_score_pre_momentum_overlay": 1.556, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-2% 1Y, 0% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "ERDLF", "momentum_1y_return": -0.0207, "momentum_3m_return": -0.5245, "momentum_52w_position": 0 }, { "rank": 565, "ticker": "PMTS", "company": "CPI Card Group", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #7", "batch": 28, "source_rank": 7, "base_moic": 1.4, "bull_moic": 2.2, "why": "Levered but improving; Q1 growth and FCF, leverage caps rank.", "tier": "C - Monitor / Lower Priority", "overall_rank": 565, "clean_score": 0.702, "clean_score_pre_accounting_cash_overlay": 0.762, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.702, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-20% 1Y, 34% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "PMTS", "momentum_1y_return": -0.1972, "momentum_3m_return": 0.1515, "momentum_52w_position": 0.3437 }, { "rank": 566, "ticker": "5915.T", "company": "Komaihaltec", "theme": "Industrials & Aerospace / Japan Steel Structures", "source": "B58 #21", "batch": 58, "source_rank": 21, "base_moic": 1.27, "bull_moic": 1.79, "why": "Asset discount but sales and profit declined; needs clearer catalyst.", "clean_score": 0.7, "clean_score_pre_accounting_cash_overlay": 0.4, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #21", "overall_rank": 566, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.4, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (39% 1Y, 46% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "5915.T", "momentum_1y_return": 0.3875, "momentum_3m_return": 0.0622, "momentum_52w_position": 0.4555 }, { "ticker": "215790.KQ", "company": "Inno Instrument", "theme": "Korean Telecom / Fiber Tools, High Volatility", "source": "B61 #26", "batch": 61, "source_rank": 26, "base_moic": 1.06, "bull_moic": 2.21, "why": "Extreme volatility after a run; latest quarter showed a net loss, so base case does not justify a higher clean-risk rank.", "rank": 567, "clean_score_pre_accounting_cash_overlay": 0.4, "sector": "Special Situations", "country": "South Korea", "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.7, "overall_rank": 567, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 0.4, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (409% 1Y, 49% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "215790.KQ", "momentum_1y_return": 4.0903, "momentum_3m_return": 4.8269, "momentum_52w_position": 0.489 }, { "rank": 568, "ticker": "8038.TWO", "company": "Changs Ascending", "theme": "Industrials & Aerospace / Taiwan Turnaround", "source": "B57 #14", "batch": 57, "source_rank": 14, "base_moic": 1.47, "bull_moic": 2.2, "why": "Profit recovery candidate, but current EPS valuation and volatility reduce margin of safety.", "clean_score": 0.7, "clean_score_pre_accounting_cash_overlay": 0.7, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #14", "overall_rank": 568, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.7, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (40% 1Y, 37% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "8038.TWO", "momentum_1y_return": 0.4007, "momentum_3m_return": -0.0736, "momentum_52w_position": 0.3664 }, { "rank": 569, "ticker": "POL.AX", "company": "Polymetals Resources", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #1", "batch": 9, "source_rank": 1, "base_moic": 1.88, "bull_moic": 2.94, "why": "Best mix of visible restart catalyst and NAV gap.", "tier": "C - Monitor / Lower Priority", "overall_rank": 569, "clean_score": 0.694, "clean_score_pre_accounting_cash_overlay": 1.304, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Metals & Materials", "country": "Australia", "clean_score_pre_momentum_overlay": 1.544, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (8% 1Y, 21% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.9x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "POL.AX", "momentum_1y_return": 0.075, "momentum_3m_return": 0.2374, "momentum_52w_position": 0.2108 }, { "rank": 570, "ticker": "3319.HK", "company": "A-Living Smart City Services", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #23", "batch": 49, "source_rank": 23, "base_moic": 1.1, "bull_moic": 1.7, "why": "Returned to profit, but China property overhang and low consensus upside.", "clean_score": 0.692, "overall_rank": 570, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.692, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.692, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-13% 1Y, 41% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "3319.HK", "momentum_1y_return": -0.1303, "momentum_3m_return": 0.1932, "momentum_52w_position": 0.413 }, { "rank": 571, "ticker": "DGI9.L", "company": "Digital 9 Infrastructure", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #5", "batch": 57, "source_rank": 5, "base_moic": 1.67, "bull_moic": 2.22, "why": "Managed wind-down special situation at discount to NAV; remaining asset leakage and timing are risks.", "clean_score": 0.69, "clean_score_pre_accounting_cash_overlay": 1.3, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B57 #5", "overall_rank": 571, "tier": "C - Monitor / Lower Priority", "sector": "Property & Infrastructure", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.54, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-43% 1Y, 2% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.7x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "DGI9.L", "momentum_1y_return": -0.4275, "momentum_3m_return": -0.1262, "momentum_52w_position": 0.0175 }, { "rank": 572, "ticker": "1623.HK / 8HL.F", "company": "Hilong", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #14", "batch": 28, "source_rank": 14, "base_moic": 1, "bull_moic": 2.6, "why": "Distress option; debt overwhelms tiny equity.", "tier": "C - Monitor / Lower Priority", "overall_rank": 572, "clean_score": 0.686, "clean_score_pre_accounting_cash_overlay": 0.346, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.186, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (96% 1Y, 67% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.0x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "1623.HK", "momentum_1y_return": 0.9558, "momentum_3m_return": -0.1333, "momentum_52w_position": 0.6667 }, { "rank": 573, "ticker": "6816.HK", "company": "Prosper Construction", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #18", "batch": 23, "source_rank": 18, "base_moic": 0.95, "bull_moic": 1.84, "why": "Distressed contractor.", "tier": "C - Monitor / Lower Priority", "overall_rank": 573, "clean_score": 0.68, "clean_score_pre_accounting_cash_overlay": 0.68, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.68, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (81% 1Y, 43% of 52-week range). No major accounting flag is shown. Base/bull case: 0.9x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "6816.HK", "momentum_1y_return": 0.8056, "momentum_3m_return": -0.0714, "momentum_52w_position": 0.4318 }, { "rank": 574, "ticker": "7771.TWO", "company": "GBT", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #21", "batch": 36, "source_rank": 21, "base_moic": 1.08, "bull_moic": 1.66, "why": "Smart safety surveillance theme, but limited public financial data.", "tier": "C - Monitor / Lower Priority", "overall_rank": 574, "clean_score": 0.668, "clean_score_pre_accounting_cash_overlay": 0.748, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.748, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.1x/1.7x.", "momentum_source": "fallback" }, { "rank": 575, "ticker": "002310.KS", "company": "Asia Paper Manufacturing", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #37", "batch": 39, "source_rank": 37, "base_moic": 1.21, "bull_moic": 1.58, "why": "Low-valuation paper/corrugated cyclical with limited near-term inflection.", "tier": "C - Monitor / Lower Priority", "overall_rank": 575, "clean_score": 0.661, "clean_score_pre_accounting_cash_overlay": 0.661, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.661, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (14% 1Y, 28% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "002310.KS", "momentum_1y_return": 0.1354, "momentum_3m_return": -0.0743, "momentum_52w_position": 0.2792 }, { "rank": 576, "ticker": "000889.SZ", "company": "ZJBC Information Technology", "theme": "Software, Data, Adtech, Services", "source": "B22 #17", "batch": 22, "source_rank": 17, "base_moic": 0.8, "bull_moic": 1.3, "why": "Momentum, not value.", "tier": "C - Monitor / Lower Priority", "overall_rank": 576, "clean_score": 0.658, "clean_score_pre_accounting_cash_overlay": 0.358, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.358, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (48% 1Y, 52% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "000889.SZ", "momentum_1y_return": 0.4754, "momentum_3m_return": 0.2545, "momentum_52w_position": 0.5192 }, { "rank": 577, "ticker": "147760.KQ", "company": "Protec Mems Technology", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #27", "batch": 35, "source_rank": 27, "base_moic": 0.6, "bull_moic": 1.1, "why": "Severe FY2025 loss and near 52-week high make skew poor.", "tier": "C - Monitor / Lower Priority", "overall_rank": 577, "clean_score": 0.656, "clean_score_pre_accounting_cash_overlay": 0.006, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.006, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Falls into monitor / lower priority: excellent momentum confirms the setup (231% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 0.6x/1.1x.", "momentum_source": "yahoo", "momentum_symbol": "147760.KQ", "momentum_1y_return": 2.3056, "momentum_3m_return": 1.1441, "momentum_52w_position": 1 }, { "rank": 578, "ticker": "6190.T", "company": "PhoenixBio", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #3", "batch": 29, "source_rank": 3, "base_moic": 1.63, "bull_moic": 2.56, "why": "Best balance-sheet asymmetry: cash/ST investments large versus market cap, profitable niche CRO.", "tier": "C - Monitor / Lower Priority", "overall_rank": 578, "clean_score": 0.652, "clean_score_pre_accounting_cash_overlay": 1.402, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.502, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (11% 1Y, 21% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "6190.T", "momentum_1y_return": 0.114, "momentum_3m_return": -0.0549, "momentum_52w_position": 0.2127 }, { "rank": 579, "ticker": "ALK.AX / MND.TO", "company": "Alkane / Mandalay successor exposure", "theme": "Metals, Mining, Commodity Cyclicals, Consumer / Infrastructure Corrections", "source": "B55 #12", "batch": 55, "source_rank": 12, "base_moic": 1.27, "bull_moic": 1.86, "why": "Mandalay should not be ranked standalone after Alkane merger; use Alkane look-through only.", "clean_score": 0.65, "overall_rank": 579, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.15, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B55 #12", "prior_repass_source": "B51 #17", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 0.15, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (108% 1Y, 69% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "ALK.AX", "momentum_1y_return": 1.0839, "momentum_3m_return": 0.0311, "momentum_52w_position": 0.6857 }, { "rank": 580, "ticker": "002872.SZ", "company": "Tiansheng Pharma", "theme": "Healthcare & Pharma / China Turnarounds", "source": "B56 #18", "batch": 56, "source_rank": 18, "base_moic": 1.18, "bull_moic": 1.82, "why": "High-risk pharma turnaround optionality, but recent losses remain material.", "clean_score": 0.65, "clean_score_pre_accounting_cash_overlay": 0.15, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #18", "overall_rank": 580, "tier": "C - Monitor / Lower Priority", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 0.15, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (27% 1Y, 81% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "002872.SZ", "momentum_1y_return": 0.2706, "momentum_3m_return": 0.0345, "momentum_52w_position": 0.8137 }, { "rank": 581, "ticker": "CCT.L", "company": "Character Group", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #8", "batch": 27, "source_rank": 8, "base_moic": 0, "bull_moic": 0, "why": "Net-cash small-cap recovery.", "tier": "C - Monitor / Lower Priority", "overall_rank": 581, "clean_score": 0.65, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.35, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (16% 1Y, 52% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "CCT.L", "momentum_1y_return": 0.1555, "momentum_3m_return": 0.1603, "momentum_52w_position": 0.5155 }, { "rank": 582, "ticker": "ASYTF / ASY.PA", "company": "Assystem", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #16", "batch": 27, "source_rank": 16, "base_moic": 0, "bull_moic": 0, "why": "Quality nuclear exposure, lower torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 582, "clean_score": 0.65, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "France", "clean_score_pre_momentum_overlay": 0.35, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (0% 1Y, 50% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "ASYTF", "momentum_1y_return": 0, "momentum_3m_return": 0, "momentum_52w_position": 0.5 }, { "rank": 583, "ticker": "054940.KQ", "company": "EXA E&C", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #19", "batch": 56, "source_rank": 19, "base_moic": 1.49, "bull_moic": 2.57, "why": "Clean-room/data-center adjacency is interesting, but FY2025 net income collapse and weak margin make it conditional.", "clean_score": 0.65, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B56 #19", "overall_rank": 583, "tier": "C - Monitor / Lower Priority", "sector": "Technology & Digital", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.35, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (-1% 1Y, 51% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "054940.KQ", "momentum_1y_return": -0.0148, "momentum_3m_return": 0.0928, "momentum_52w_position": 0.5091 }, { "rank": 584, "ticker": "ETG.DE", "company": "EnviTec Biogas", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #18", "batch": 59, "source_rank": 18, "base_moic": 1.3, "bull_moic": 1.94, "why": "Real biogas business, but FY2025 weaker, no dividend, and growth more likely 2027 story.", "clean_score": 0.65, "clean_score_pre_accounting_cash_overlay": 0.55, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #18", "overall_rank": 584, "tier": "C - Monitor / Lower Priority", "sector": "Energy & Utilities", "country": "Germany", "clean_score_pre_momentum_overlay": 0.65, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-15% 1Y, 44% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "ETG.DE", "momentum_1y_return": -0.1529, "momentum_3m_return": -0.136, "momentum_52w_position": 0.4372 }, { "rank": 585, "ticker": "IMITF / IMI.V", "company": "Intermap? / IMI telecom-construction note", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #2", "batch": 15, "source_rank": 2, "base_moic": 2.3, "bull_moic": 5, "why": "Profitable microcap telecom-construction, but MCTO/delayed-filing and OTC liquidity risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 585, "clean_score": 0.65, "clean_score_pre_accounting_cash_overlay": 1.44, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "sector": "Semiconductors & Hardware", "country": "Canada", "clean_score_pre_momentum_overlay": 1.5, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-30% 1Y, 66% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 2.3x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "IMITF", "momentum_1y_return": -0.3043, "momentum_3m_return": -0.0588, "momentum_52w_position": 0.6628 }, { "rank": 586, "ticker": "SAAS.L", "company": "Microlise", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #3", "batch": 26, "source_rank": 3, "base_moic": 2.14, "bull_moic": 3.57, "why": "Recurring transport software priced like busted microcap.", "tier": "C - Monitor / Lower Priority", "overall_rank": 586, "clean_score": 0.648, "clean_score_pre_accounting_cash_overlay": 1.498, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.498, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-59% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 2.1x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "SAAS.L", "momentum_1y_return": -0.5943, "momentum_3m_return": -0.3228, "momentum_52w_position": 0.0095 }, { "rank": 587, "ticker": "0436.HK", "company": "NU Enviro", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #20", "batch": 48, "source_rank": 20, "base_moic": 1.31, "bull_moic": 1.97, "why": "Microcap environmental/asset value, still loss-making with thin liquidity.", "clean_score": 0.644, "overall_rank": 587, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.404, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.644, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (25% 1Y, 44% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "0436.HK", "momentum_1y_return": 0.25, "momentum_3m_return": 0.0937, "momentum_52w_position": 0.4375 }, { "rank": 588, "ticker": "NHTC", "company": "Natural Health Trends", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #11", "batch": 30, "source_rank": 11, "base_moic": 1.8, "bull_moic": 2.7, "why": "Net-cash/deep-value profile with dividend support but declining revenue.", "tier": "C - Monitor / Lower Priority", "overall_rank": 588, "clean_score": 0.642, "clean_score_pre_accounting_cash_overlay": 1.392, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.492, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-37% 1Y, 14% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "NHTC", "momentum_1y_return": -0.3673, "momentum_3m_return": 0.0325, "momentum_52w_position": 0.1417 }, { "rank": 589, "ticker": "5098.KL", "company": "Masteel", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #18", "batch": 51, "source_rank": 18, "base_moic": 1.38, "bull_moic": 2.18, "why": "Steel-cycle leverage with thin margins and falling earnings.", "clean_score": 0.639, "overall_rank": 589, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.499, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.339, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (15% 1Y, 55% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "5098.KL", "momentum_1y_return": 0.1458, "momentum_3m_return": 0.0577, "momentum_52w_position": 0.5455 }, { "rank": 590, "ticker": "3788.HK", "company": "Hanking Gold", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #19", "batch": 28, "source_rank": 19, "base_moic": 0.7, "bull_moic": 1.3, "why": "Worst risk/reward in batch despite gold exposure; base below current.", "tier": "C - Monitor / Lower Priority", "overall_rank": 590, "clean_score": 0.638, "clean_score_pre_accounting_cash_overlay": 0.338, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.338, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (150% 1Y, 47% of 52-week range). No major accounting flag is shown. Base/bull case: 0.7x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "3788.HK", "momentum_1y_return": 1.496, "momentum_3m_return": -0.1702, "momentum_52w_position": 0.4722 }, { "rank": 591, "ticker": "VIS.KL", "company": "VisDynamics", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #1", "batch": 21, "source_rank": 1, "base_moic": 1.67, "bull_moic": 3.26, "why": "Highest torque in batch; tiny cap and revenue rebound, still loss-making.", "tier": "C - Monitor / Lower Priority", "overall_rank": 591, "clean_score": 0.638, "clean_score_pre_accounting_cash_overlay": 0.718, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.718, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.7x/3.3x.", "momentum_source": "fallback" }, { "rank": 592, "ticker": "079650.KQ", "company": "Seosan", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #3", "batch": 16, "source_rank": 3, "base_moic": 2.18, "bull_moic": 2.93, "why": "Net-net style asset case, but FY2025 loss/catalyst risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 592, "clean_score": 0.634, "clean_score_pre_accounting_cash_overlay": 1.484, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.484, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-14% 1Y, 6% of 52-week range). No major accounting flag is shown. Base/bull case: 2.2x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "079650.KQ", "momentum_1y_return": -0.1356, "momentum_3m_return": -0.2207, "momentum_52w_position": 0.0636 }, { "rank": 593, "ticker": "006650.KS", "company": "Korea Petrochemical", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #9", "batch": 50, "source_rank": 9, "base_moic": 1.36, "bull_moic": 1.94, "why": "Cyclical restructuring call on Korean petrochemical rationalization; earnings still weak.", "clean_score": 0.632, "overall_rank": 593, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.332, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.332, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (67% 1Y, 49% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "006650.KS", "momentum_1y_return": 0.6667, "momentum_3m_return": -0.0037, "momentum_52w_position": 0.492 }, { "rank": 594, "ticker": "BFF.MI / 2BF.F", "company": "BFF Bank", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #5", "batch": 40, "source_rank": 5, "base_moic": 1.9, "bull_moic": 3.1, "why": "Dislocated specialty bank; profitable, regulatory/capital confidence is key risk.", "clean_score": 0.626, "overall_rank": 594, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.376, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "Italy", "clean_score_pre_momentum_overlay": 1.476, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-75% 1Y, 8% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.9x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "BFF.MI", "momentum_1y_return": -0.749, "momentum_3m_return": -0.2603, "momentum_52w_position": 0.0826 }, { "rank": 595, "ticker": "688219.SS", "company": "Shaanxi Kanghui", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #15", "batch": 7, "source_rank": 15, "base_moic": 0.9, "bull_moic": 1.42, "why": "Q1 turnaround, but price already discounts too much.", "tier": "C - Monitor / Lower Priority", "overall_rank": 595, "clean_score": 0.625, "clean_score_pre_accounting_cash_overlay": 0.625, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 0.625, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-3% 1Y, 42% of 52-week range). No major accounting flag is shown. Base/bull case: 0.9x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "688219.SS", "momentum_1y_return": -0.026, "momentum_3m_return": 0.0951, "momentum_52w_position": 0.42 }, { "rank": 596, "ticker": "2028.TW", "company": "Wei Chih Steel", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #8", "batch": 20, "source_rank": 8, "base_moic": 1.18, "bull_moic": 1.59, "why": "Cyclical steel value, weak earnings quality.", "tier": "C - Monitor / Lower Priority", "overall_rank": 596, "clean_score": 0.623, "clean_score_pre_accounting_cash_overlay": 0.623, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.623, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-10% 1Y, 36% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "2028.TW", "momentum_1y_return": -0.0979, "momentum_3m_return": -0.0394, "momentum_52w_position": 0.3645 }, { "rank": 597, "ticker": "THS.L", "company": "Tharisa", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #8", "batch": 9, "source_rank": 8, "base_moic": 1.5, "bull_moic": 2.37, "why": "Solid cash generator, not a lottery ticket.", "tier": "C - Monitor / Lower Priority", "overall_rank": 597, "clean_score": 0.622, "clean_score_pre_accounting_cash_overlay": 0.122, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.122, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (120% 1Y, 79% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "THS.L", "momentum_1y_return": 1.2, "momentum_3m_return": 0.1295, "momentum_52w_position": 0.7886 }, { "rank": 598, "ticker": "1599.HK / BDG.F", "company": "Beijing Urban Construction Design", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #7", "batch": 45, "source_rank": 7, "base_moic": 1.6, "bull_moic": 2.3, "why": "Cheap profitable SOE-linked infrastructure/design, lower excitement.", "clean_score": 0.618, "overall_rank": 598, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.368, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.468, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-9% 1Y, 7% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "1599.HK", "momentum_1y_return": -0.0889, "momentum_3m_return": -0.0821, "momentum_52w_position": 0.069 }, { "rank": 599, "ticker": "WINE.L", "company": "Naked Wines", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #5", "batch": 44, "source_rank": 5, "base_moic": 1.49, "bull_moic": 2.38, "why": "Net-cash DTC turnaround, customer acquisition/retention risk.", "clean_score": 0.617, "overall_rank": 599, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.617, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.617, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-5% 1Y, 40% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "WINE.L", "momentum_1y_return": -0.053, "momentum_3m_return": 0.1943, "momentum_52w_position": 0.3961 }, { "rank": 600, "ticker": "TITA B.ST", "company": "Titania Holding B", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #5", "batch": 58, "source_rank": 5, "base_moic": 1.9, "bull_moic": 3.17, "why": "Levered real-estate recovery option with high torque, but weak debt/equity and interest coverage.", "clean_score": 0.61, "clean_score_pre_accounting_cash_overlay": 0.85, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #5", "overall_rank": 600, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.69, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. Debt, dilution, or quality risk trims the score. Base/bull case: 1.9x/3.2x.", "momentum_source": "fallback" }, { "ticker": "4442.T", "company": "Valtes Holdings", "theme": "Japan Software, QA, Net Cash", "source": "B60 #10", "batch": 60, "source_rank": 10, "base_moic": 1.49, "bull_moic": 2.23, "why": "Low-multiple Japanese software/QA compounder with FY2027 revenue-growth guidance and positive net cash; respectable but not explosive.", "rank": 601, "clean_score_pre_accounting_cash_overlay": 1.22, "sector": "Technology & Digital", "country": "Japan", "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "clean_score": 0.61, "overall_rank": 601, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 1.46, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-0% 1Y, 4% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "4442.T", "momentum_1y_return": -0.0049, "momentum_3m_return": -0.0944, "momentum_52w_position": 0.0361 }, { "rank": 602, "ticker": "013310.KQ", "company": "A-Jin Industry", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #24", "batch": 52, "source_rank": 24, "base_moic": 1.18, "bull_moic": 1.63, "why": "Cheap auto supplier, but debt/EV load and modest upside.", "clean_score": 0.606, "overall_rank": 602, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.466, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.306, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (20% 1Y, 47% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "013310.KQ", "momentum_1y_return": 0.2, "momentum_3m_return": 0.0665, "momentum_52w_position": 0.4701 }, { "rank": 603, "ticker": "3444.T", "company": "Kikuchi Seisakusho", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #29", "batch": 51, "source_rank": 29, "base_moic": 1.11, "bull_moic": 1.95, "why": "Physical-AI narrative already ran; fundamentals not strong enough.", "clean_score": 0.603, "overall_rank": 603, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.303, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Japan", "clean_score_pre_momentum_overlay": 0.303, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (327% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "3444.T", "momentum_1y_return": 3.2659, "momentum_3m_return": 0.5187, "momentum_52w_position": 0.6158 }, { "rank": 604, "ticker": "JAG.TO", "company": "Jaguar Mining", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #10", "batch": 52, "source_rank": 10, "base_moic": 1.37, "bull_moic": 2.01, "why": "Gold producer with cash, guidance, and restart/ramp optionality; concentration risk.", "clean_score": 0.603, "overall_rank": 604, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.303, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 0.303, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (88% 1Y, 48% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "JAG.TO", "momentum_1y_return": 0.8792, "momentum_3m_return": -0.1127, "momentum_52w_position": 0.4757 }, { "rank": 605, "ticker": "7915.T", "company": "Nissha", "theme": "Technology & Digital / Electronics, Materials", "source": "B58 #24", "batch": 58, "source_rank": 24, "base_moic": 0.91, "bull_moic": 1.16, "why": "Not enough upside at current price despite Q1 profit recovery.", "clean_score": 0.6, "clean_score_pre_accounting_cash_overlay": -0.05, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #24", "overall_rank": 605, "tier": "C - Monitor / Lower Priority", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": -0.05, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Falls into monitor / lower priority: excellent momentum confirms the setup (29% 1Y, 100% of 52-week range). No major accounting flag is shown. Base/bull case: 0.9x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "7915.T", "momentum_1y_return": 0.2906, "momentum_3m_return": 0.2855, "momentum_52w_position": 1 }, { "rank": 606, "ticker": "0751.HK", "company": "Skyworth Group", "theme": "Consumer & Media / Appliances, Display Hardware", "source": "B57 #29", "batch": 57, "source_rank": 29, "base_moic": 1.12, "bull_moic": 1.46, "why": "Large business but no deep-value appeal after profit decline and no final dividend.", "clean_score": 0.6, "clean_score_pre_accounting_cash_overlay": 0, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B57 #29", "overall_rank": 606, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.1, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (95% 1Y, 67% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "0751.HK", "momentum_1y_return": 0.9507, "momentum_3m_return": -0.1529, "momentum_52w_position": 0.6705 }, { "rank": 607, "ticker": "WJG.L", "company": "Watkin Jones", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #1", "batch": 58, "source_rank": 1, "base_moic": 2.49, "bull_moic": 4.52, "why": "Best pure property torque: distressed quote despite cash and consensus recovery optionality; UK PBSA/residential execution risk.", "clean_score": 0.6, "clean_score_pre_accounting_cash_overlay": 1.45, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #1", "overall_rank": 607, "tier": "C - Monitor / Lower Priority", "sector": "Property & Infrastructure", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.45, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-43% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 2.5x/4.5x.", "momentum_source": "yahoo", "momentum_symbol": "WJG.L", "momentum_1y_return": -0.4319, "momentum_3m_return": -0.2191, "momentum_52w_position": 0.0261 }, { "rank": 608, "ticker": "SAM.TO / SHVLF", "company": "Starcore", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #23", "batch": 52, "source_rank": 23, "base_moic": 1.31, "bull_moic": 1.85, "why": "Tiny gold producer with gold-price torque, inferior scale/liquidity/cost structure.", "clean_score": 0.597, "overall_rank": 608, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.357, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 0.597, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (163% 1Y, 34% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "SAM.TO", "momentum_1y_return": 1.626, "momentum_3m_return": -0.0714, "momentum_52w_position": 0.3359 }, { "rank": 609, "ticker": "5932.T", "company": "Sankyo Tateyama", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #6", "batch": 4, "source_rank": 6, "base_moic": 1.43, "bull_moic": 2.07, "why": "Deep below-book value, but losses make it less clean.", "tier": "C - Monitor / Lower Priority", "overall_rank": 609, "clean_score": 0.596, "clean_score_pre_accounting_cash_overlay": 1.206, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.446, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (0% 1Y, 24% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "5932.T", "momentum_1y_return": 0.0048, "momentum_3m_return": -0.0781, "momentum_52w_position": 0.2391 }, { "rank": 610, "ticker": "1257.HK", "company": "China Everbright Greentech", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #15", "batch": 57, "source_rank": 15, "base_moic": 1.32, "bull_moic": 1.72, "why": "Yield and state-backed green asset value, but debt and earnings pressure limit torque.", "clean_score": 0.59, "clean_score_pre_accounting_cash_overlay": 0.65, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B57 #15", "overall_rank": 610, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.59, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (14% 1Y, 37% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "1257.HK", "momentum_1y_return": 0.1429, "momentum_3m_return": -0.0222, "momentum_52w_position": 0.3714 }, { "rank": 611, "ticker": "NSPR", "company": "InspireMD", "theme": "Medtech, Consumer Turnarounds, Real Estate", "source": "B8 #1", "batch": 8, "source_rank": 1, "base_moic": 2, "bull_moic": 5, "why": "Highest clean catalyst torque; U.S. CGuard path visible.", "tier": "C - Monitor / Lower Priority", "overall_rank": 611, "clean_score": 0.59, "clean_score_pre_accounting_cash_overlay": 1.44, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.44, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-55% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "NSPR", "momentum_1y_return": -0.5516, "momentum_3m_return": -0.4413, "momentum_52w_position": 0 }, { "rank": 612, "ticker": "JBDI", "company": "JBDI Holdings", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #10", "batch": 30, "source_rank": 10, "base_moic": 2, "bull_moic": 5, "why": "Nasdaq microcap reflexivity in Singapore container/reconditioning business.", "tier": "C - Monitor / Lower Priority", "overall_rank": 612, "clean_score": 0.59, "clean_score_pre_accounting_cash_overlay": 1.44, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.44, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-47% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "JBDI", "momentum_1y_return": -0.4721, "momentum_3m_return": -0.1629, "momentum_52w_position": 0.0251 }, { "rank": 613, "ticker": "5484.TW", "company": "EverFocus Electronics", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #9", "batch": 3, "source_rank": 9, "base_moic": 0.8, "bull_moic": 1.75, "why": "Edge-AI/security angle, valuation stretched for quality.", "tier": "C - Monitor / Lower Priority", "overall_rank": 613, "clean_score": 0.585, "clean_score_pre_accounting_cash_overlay": 0.585, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.585, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (2% 1Y, 43% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "5484.TW", "momentum_1y_return": 0.0181, "momentum_3m_return": 0.0255, "momentum_52w_position": 0.4296 }, { "rank": 614, "ticker": "NXL.AX / 3SJ.F", "company": "Nuix", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #3", "batch": 38, "source_rank": 3, "base_moic": 1.46, "bull_moic": 2.15, "why": "Software turnaround torque; revenue, adjusted EBITDA, Neo ACV, and cash flow improved, but CEO turnover raises risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 614, "clean_score": 0.585, "clean_score_pre_accounting_cash_overlay": 1.495, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Australia", "clean_score_pre_momentum_overlay": 1.435, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-47% 1Y, 11% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "NXL.AX", "momentum_1y_return": -0.4691, "momentum_3m_return": -0.0851, "momentum_52w_position": 0.1147 }, { "rank": 615, "ticker": "HRTX / AXD2.F", "company": "Heron Therapeutics", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #3", "batch": 47, "source_rank": 3, "base_moic": 1.89, "bull_moic": 3.85, "why": "Commercial-stage turnaround with revenue and adjusted EBITDA guide; debt and oncology decline keep it risky.", "clean_score": 0.575, "overall_rank": 615, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.485, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.425, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-55% 1Y, 7% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.9x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "HRTX", "momentum_1y_return": -0.5479, "momentum_3m_return": 0.0119, "momentum_52w_position": 0.0676 }, { "rank": 616, "ticker": "GPG.ST / S3V.F", "company": "Genova Property", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #4", "batch": 14, "source_rank": 4, "base_moic": 1.46, "bull_moic": 1.95, "why": "Strong property-NAV discount with debt reduction, asset sales, and buybacks.", "tier": "C - Monitor / Lower Priority", "overall_rank": 616, "clean_score": 0.573, "clean_score_pre_accounting_cash_overlay": 1.343, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Sweden", "clean_score_pre_momentum_overlay": 1.423, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-23% 1Y, 0% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "GPG.ST", "momentum_1y_return": -0.2344, "momentum_3m_return": -0.1401, "momentum_52w_position": 0 }, { "rank": 617, "ticker": "SIIC.SI", "company": "SIIC Environment", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #16", "batch": 57, "source_rank": 16, "base_moic": 1.35, "bull_moic": 1.76, "why": "Value/yield China water/wastewater exposure, but receivables and slow rerating.", "clean_score": 0.57, "clean_score_pre_accounting_cash_overlay": 0.65, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #16", "overall_rank": 617, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.65, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.4x/1.8x.", "momentum_source": "fallback" }, { "rank": 618, "ticker": "BLOOM.PS / BLBRF", "company": "Bloomberry Resorts", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #4", "batch": 6, "source_rank": 4, "base_moic": 2.02, "bull_moic": 3.47, "why": "Distressed casino recovery; Solaire North ramp is catalyst.", "tier": "C - Monitor / Lower Priority", "overall_rank": 618, "clean_score": 0.57, "clean_score_pre_accounting_cash_overlay": 1.42, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.42, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-88% 1Y, 4% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "BLBRF", "momentum_1y_return": -0.8765, "momentum_3m_return": -0.5333, "momentum_52w_position": 0.043 }, { "rank": 619, "ticker": "0564.HK / F:ZGC", "company": "ZMJ", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #16", "batch": 51, "source_rank": 16, "base_moic": 1.31, "bull_moic": 1.71, "why": "Quality China coal machinery/auto-parts exposure, less mispriced.", "clean_score": 0.569, "overall_rank": 619, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.569, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.569, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (19% 1Y, 30% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "0564.HK", "momentum_1y_return": 0.1926, "momentum_3m_return": -0.1248, "momentum_52w_position": 0.2996 }, { "rank": 620, "ticker": "AI.MC", "company": "Airtificial Intelligence Structures", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #9", "batch": 14, "source_rank": 9, "base_moic": 1.36, "bull_moic": 2.27, "why": "Aerospace/defense/AI zeitgeist optionality, not clean value.", "tier": "C - Monitor / Lower Priority", "overall_rank": 620, "clean_score": 0.562, "clean_score_pre_accounting_cash_overlay": 1.172, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Technology & Digital", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.412, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-28% 1Y, 10% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "AI.MC", "momentum_1y_return": -0.2774, "momentum_3m_return": -0.0339, "momentum_52w_position": 0.0995 }, { "rank": 621, "ticker": "6518.TWO", "company": "Concord Medical", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #21", "batch": 46, "source_rank": 21, "base_moic": 1.3, "bull_moic": 1.8, "why": "Profitable Taiwan medical name with dividend support, limited catalyst.", "clean_score": 0.558, "overall_rank": 621, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.308, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.408, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (11% 1Y, 19% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "6518.TWO", "momentum_1y_return": 0.1056, "momentum_3m_return": 0.1415, "momentum_52w_position": 0.1909 }, { "rank": 622, "ticker": "MANO.L", "company": "Manolete Partners", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #1", "batch": 18, "source_rank": 1, "base_moic": 1.95, "bull_moic": 3.9, "why": "Best mix of beaten-down price, real revenue base, case portfolio optionality.", "tier": "C - Monitor / Lower Priority", "overall_rank": 622, "clean_score": 0.554, "clean_score_pre_accounting_cash_overlay": 1.404, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.404, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-55% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "MANO.L", "momentum_1y_return": -0.5523, "momentum_3m_return": -0.3246, "momentum_52w_position": 0.0187 }, { "rank": 623, "ticker": "102950.KQ", "company": "AHA", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #18", "batch": 52, "source_rank": 18, "base_moic": 1.42, "bull_moic": 1.96, "why": "Education/display hardware microcap with theme torque, but liquidity/business quality weak.", "clean_score": 0.55, "overall_rank": 623, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.31, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.55, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-20% 1Y, 39% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "102950.KQ", "momentum_1y_return": -0.1996, "momentum_3m_return": 0.3941, "momentum_52w_position": 0.3915 }, { "ticker": "KITS.TO", "company": "KITS Eyecare", "theme": "Consumer Health, Eyecare E-commerce, Net Cash Quality", "source": "B61 #3", "batch": 61, "source_rank": 3, "base_moic": 1.51, "bull_moic": 2.34, "why": "Higher-quality torque: revenue growth, glasses growth, positive adjusted EBITDA/net income, cash, and no term debt.", "rank": 624, "clean_score_pre_accounting_cash_overlay": 1.32, "sector": "Healthcare & Pharma", "country": "Canada", "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "clean_score": 0.55, "overall_rank": 624, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 1.4, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-8% 1Y, 10% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "KITS.TO", "momentum_1y_return": -0.08, "momentum_3m_return": -0.1488, "momentum_52w_position": 0.101 }, { "ticker": "ISHA.DE", "company": "Intershop Communications", "theme": "German Commerce Software, Cloud Turnaround, Cash", "source": "B61 #6", "batch": 61, "source_rank": 6, "base_moic": 1.6, "bull_moic": 2.74, "why": "Small German commerce software turnaround with EBIT slightly positive, operating cash flow and cash support; ARR decline still needs monitoring.", "rank": 625, "clean_score_pre_accounting_cash_overlay": 1.3, "sector": "Technology & Digital", "country": "Germany", "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "clean_score": 0.55, "overall_rank": 625, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 1.4, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-36% 1Y, 14% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "ISHA.DE", "momentum_1y_return": -0.3596, "momentum_3m_return": 0.033, "momentum_52w_position": 0.1386 }, { "rank": 626, "ticker": "UUU.DE", "company": "3U Holding", "theme": "German Holdco, Renewable Energy, Asset / NAV", "source": "B61 #11", "batch": 61, "source_rank": 11, "base_moic": 1.49, "bull_moic": 2.46, "why": "Asset/NAV special situation with positive Q1 EBITDA, renewable-energy EBITDA growth, and cash; Bitcoin write-down and weak group revenue add mess.", "tier": "C - Monitor / Lower Priority", "overall_rank": 626, "clean_score": 0.54, "clean_score_pre_accounting_cash_overlay": 1.15, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Energy & Utilities", "country": "Germany", "clean_score_pre_momentum_overlay": 1.39, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-25% 1Y, 17% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "UUU.DE", "momentum_1y_return": -0.2525, "momentum_3m_return": 0.0317, "momentum_52w_position": 0.1702 }, { "rank": 627, "ticker": "6127.TWO", "company": "Leatec Fine Ceramics", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #24", "batch": 35, "source_rank": 24, "base_moic": 0.9, "bull_moic": 1.8, "why": "Ceramics-cycle recovery possible, but Q1 swung to loss and leverage is elevated.", "tier": "C - Monitor / Lower Priority", "overall_rank": 627, "clean_score": 0.538, "clean_score_pre_accounting_cash_overlay": 0.048, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": -0.112, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Falls into monitor / lower priority: excellent momentum confirms the setup (174% 1Y, 100% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 0.9x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "6127.TWO", "momentum_1y_return": 1.7374, "momentum_3m_return": 0.2207, "momentum_52w_position": 1 }, { "rank": 628, "ticker": "LX / 1LFA.F", "company": "LexinFintech", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #8", "batch": 40, "source_rank": 8, "base_moic": 1.8, "bull_moic": 3.1, "why": "Cheap China fintech with dividends, but VIE/regulatory/geopolitical discount.", "clean_score": 0.53, "overall_rank": 628, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.28, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.38, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-77% 1Y, 0% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "LX", "momentum_1y_return": -0.7739, "momentum_3m_return": -0.2432, "momentum_52w_position": 0.0045 }, { "rank": 629, "ticker": "LSE:0GUO / CTT.ST", "company": "CTT Systems", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #8", "batch": 54, "source_rank": 8, "base_moic": 1.4, "bull_moic": 2.3, "why": "Quality aerospace niche with margin inflection, cleaner but less raw torque.", "clean_score": 0.528, "overall_rank": 629, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.378, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.378, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-40% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "CTT.ST", "momentum_1y_return": -0.4005, "momentum_3m_return": -0.0872, "momentum_52w_position": 0.0474 }, { "rank": 630, "ticker": "6425.T / UETMF", "company": "Universal Entertainment", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #10", "batch": 41, "source_rank": 10, "base_moic": 1.6, "bull_moic": 2.4, "why": "Deep value with Okada Manila optionality, governance/balance-sheet risk.", "clean_score": 0.524, "overall_rank": 630, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.704, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.524, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-22% 1Y, 39% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.6x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "6425.T", "momentum_1y_return": -0.2206, "momentum_3m_return": 0.115, "momentum_52w_position": 0.3875 }, { "rank": 631, "ticker": "KOD.L", "company": "Kodal Minerals", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #6", "batch": 9, "source_rank": 6, "base_moic": 2.39, "bull_moic": 4.78, "why": "Huge lithium optionality; Mali/lithium sentiment risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 631, "clean_score": 0.524, "clean_score_pre_accounting_cash_overlay": 1.374, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.374, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-2% 1Y, 19% of 52-week range). No major accounting flag is shown. Base/bull case: 2.4x/4.8x.", "momentum_source": "yahoo", "momentum_symbol": "KOD.L", "momentum_1y_return": -0.0226, "momentum_3m_return": -0.0955, "momentum_52w_position": 0.1867 }, { "rank": 632, "ticker": "ORXGF", "company": "Orca Energy", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #25", "batch": 38, "source_rank": 25, "base_moic": 1.23, "bull_moic": 1.89, "why": "Dividend/cash-flow special situation with filing-delay and governance red flags.", "tier": "C - Monitor / Lower Priority", "overall_rank": 632, "clean_score": 0.521, "clean_score_pre_accounting_cash_overlay": 0.601, "accounting_cash_overlay": -0.08, "accounting_risk_flag": "watch", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.521, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (27% 1Y, 38% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "ORXGF", "momentum_1y_return": 0.2679, "momentum_3m_return": 0.0861, "momentum_52w_position": 0.3836 }, { "rank": 633, "ticker": "ITIM.L", "company": "itim Group", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #4", "batch": 17, "source_rank": 4, "base_moic": 1.9, "bull_moic": 3.8, "why": "Very cheap EV/ARR if retail software revenue holds.", "tier": "C - Monitor / Lower Priority", "overall_rank": 633, "clean_score": 0.518, "clean_score_pre_accounting_cash_overlay": 1.368, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.368, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-52% 1Y, 38% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/3.8x.", "momentum_source": "yahoo", "momentum_symbol": "ITIM.L", "momentum_1y_return": -0.5176, "momentum_3m_return": -0.1724, "momentum_52w_position": 0.3825 }, { "rank": 634, "ticker": "5858.T", "company": "STG Co.", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #2", "batch": 13, "source_rank": 2, "base_moic": 1.44, "bull_moic": 2.2, "why": "Tiny profitable Japanese industrial with asymmetric rerating potential.", "tier": "C - Monitor / Lower Priority", "overall_rank": 634, "clean_score": 0.516, "clean_score_pre_accounting_cash_overlay": 1.266, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Industrials & Aerospace", "country": "Japan", "clean_score_pre_momentum_overlay": 1.366, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-17% 1Y, 2% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "5858.T", "momentum_1y_return": -0.1733, "momentum_3m_return": -0.2412, "momentum_52w_position": 0.0191 }, { "rank": 635, "ticker": "SLQT", "company": "SelectQuote", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #4", "batch": 11, "source_rank": 4, "base_moic": 2.14, "bull_moic": 4.29, "why": "Very high equity torque, but capital structure, CAC, and Medicare Advantage cyclicality keep it below CNDT.", "tier": "C - Monitor / Lower Priority", "overall_rank": 635, "clean_score": 0.514, "clean_score_pre_accounting_cash_overlay": 1.364, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.364, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-52% 1Y, 22% of 52-week range). No major accounting flag is shown. Base/bull case: 2.1x/4.3x.", "momentum_source": "yahoo", "momentum_symbol": "SLQT", "momentum_1y_return": -0.5249, "momentum_3m_return": 0.7213, "momentum_52w_position": 0.2179 }, { "rank": 636, "ticker": "ARCM.L", "company": "Arc Minerals", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #12", "batch": 18, "source_rank": 12, "base_moic": 1.87, "bull_moic": 4, "why": "Copper optionality after Anglo exit damaged credibility.", "tier": "C - Monitor / Lower Priority", "overall_rank": 636, "clean_score": 0.512, "clean_score_pre_accounting_cash_overlay": 1.362, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.362, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-68% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "ARCM.L", "momentum_1y_return": -0.6837, "momentum_3m_return": -0.3524, "momentum_52w_position": 0 }, { "rank": 637, "ticker": "LINV.L", "company": "LendInvest", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #7", "batch": 40, "source_rank": 7, "base_moic": 1.8, "bull_moic": 3.2, "why": "Property-credit turnaround; lending growth and return to profit, funding-spread risk.", "clean_score": 0.512, "overall_rank": 637, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.362, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.362, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-19% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "LINV.L", "momentum_1y_return": -0.1871, "momentum_3m_return": -0.1458, "momentum_52w_position": 0.0105 }, { "rank": 638, "ticker": "NEXN", "company": "Nexxen International", "theme": "Adtech, CTV, Net Cash", "source": "B61 #4", "batch": 61, "source_rank": 4, "base_moic": 1.47, "bull_moic": 2.2, "why": "Clean adtech/CTV rerate setup with raised FY2026 guidance, cash, and no long-term debt.", "tier": "C - Monitor / Lower Priority", "overall_rank": 638, "clean_score": 0.51, "clean_score_pre_accounting_cash_overlay": 1.28, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Technology & Digital", "country": "United States", "clean_score_pre_momentum_overlay": 1.36, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-27% 1Y, 41% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "NEXN", "momentum_1y_return": -0.2735, "momentum_3m_return": 0.2012, "momentum_52w_position": 0.4066 }, { "rank": 639, "ticker": "5245.TWO", "company": "Wisechip", "theme": "RF, Critical Materials, Korean Semis, Turnarounds", "source": "B4 #8", "batch": 4, "source_rank": 8, "base_moic": 0.99, "bull_moic": 1.59, "why": "OLED/display optionality only; loss-making.", "tier": "C - Monitor / Lower Priority", "overall_rank": 639, "clean_score": 0.509, "clean_score_pre_accounting_cash_overlay": 0.209, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.209, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (9% 1Y, 45% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "5245.TWO", "momentum_1y_return": 0.0917, "momentum_3m_return": 0.0214, "momentum_52w_position": 0.45 }, { "rank": 640, "ticker": "LS:902213 / GERN", "company": "Geron", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #6", "batch": 46, "source_rank": 6, "base_moic": 1.9, "bull_moic": 3.6, "why": "Commercial RYTELO ramp with 2026 revenue guide; operating expense load means acceleration must continue.", "clean_score": 0.506, "overall_rank": 640, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.356, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.356, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-6% 1Y, 22% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "GERN", "momentum_1y_return": -0.0597, "momentum_3m_return": -0.1871, "momentum_52w_position": 0.2159 }, { "rank": 641, "ticker": "STARLENT.BO", "company": "StarlinePS", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #27", "batch": 36, "source_rank": 27, "base_moic": 0.7, "bull_moic": 1.41, "why": "Bottom rank; stock ran hard and governance/quality flags remain.", "tier": "C - Monitor / Lower Priority", "overall_rank": 641, "clean_score": 0.505, "clean_score_pre_accounting_cash_overlay": 0.185, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.005, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (59% 1Y, 72% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 0.7x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "STARLENT.BO", "momentum_1y_return": 0.5878, "momentum_3m_return": -0.0807, "momentum_52w_position": 0.7183 }, { "rank": 642, "ticker": "MEK.AX", "company": "Meeka Metals", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #2", "batch": 9, "source_rank": 2, "base_moic": 1.92, "bull_moic": 3.33, "why": "Gold producer ramp with DFS economics.", "tier": "C - Monitor / Lower Priority", "overall_rank": 642, "clean_score": 0.502, "clean_score_pre_accounting_cash_overlay": 1.352, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Australia", "clean_score_pre_momentum_overlay": 1.352, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-10% 1Y, 4% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/3.3x.", "momentum_source": "yahoo", "momentum_symbol": "MEK.AX", "momentum_1y_return": -0.0963, "momentum_3m_return": -0.2375, "momentum_52w_position": 0.0368 }, { "rank": 643, "ticker": "2598.HK", "company": "Lianlian DigiTech", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #1", "batch": 45, "source_rank": 1, "base_moic": 2.3, "bull_moic": 4, "why": "Best theme/valuation reset/growth/profit inflection; China fintech regulation risk.", "clean_score": 0.5, "overall_rank": 643, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.35, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.35, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-24% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 2.3x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "2598.HK", "momentum_1y_return": -0.2379, "momentum_3m_return": -0.1508, "momentum_52w_position": 0 }, { "rank": 644, "ticker": "7176.KL", "company": "TPC Plus", "theme": "Consumer & Food / Poultry Cycle Value", "source": "B55 #3", "batch": 55, "source_rank": 3, "base_moic": 1.58, "bull_moic": 2.28, "why": "Boring but attractive risk/reward: low-end 52-week range, low earnings multiple, yield support, poultry-cycle value.", "clean_score": 0.5, "overall_rank": 644, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.35, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B55 #3", "prior_repass_source": "B53 #19", "sector": "Consumer & Media", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.35, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-26% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "7176.KL", "momentum_1y_return": -0.2632, "momentum_3m_return": -0.082, "momentum_52w_position": 0 }, { "ticker": "ANG.AX", "company": "Austin Engineering", "theme": "Mining Equipment, Cyclical Value, Cash Flow", "source": "B61 #10", "batch": 61, "source_rank": 10, "base_moic": 1.66, "bull_moic": 2.57, "why": "Mining-equipment value with better North America and improved cash flow; delayed orders need to convert.", "rank": 645, "clean_score_pre_accounting_cash_overlay": 1.25, "sector": "Metals & Materials", "country": "Australia", "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "clean_score": 0.5, "overall_rank": 645, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 1.35, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-49% 1Y, 7% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "ANG.AX", "momentum_1y_return": -0.493, "momentum_3m_return": -0.0526, "momentum_52w_position": 0.0682 }, { "rank": 646, "ticker": "RMTI / RWMA.F", "company": "Rockwell Medical", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #4", "batch": 47, "source_rank": 4, "base_moic": 2.01, "bull_moic": 3.35, "why": "Tiny cap versus 2026 revenue guide and positive adjusted EBITDA path; low margin, customer concentration, and sub-$1 risk.", "clean_score": 0.497, "overall_rank": 646, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.247, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.347, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-18% 1Y, 4% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.0x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "RMTI", "momentum_1y_return": -0.18, "momentum_3m_return": -0.2039, "momentum_52w_position": 0.0381 }, { "ticker": "PSIG", "company": "PS International", "theme": "Logistics / Trading, Momentum, Weak Financials", "source": "B61 #28", "batch": 61, "source_rank": 28, "base_moic": 0.65, "bull_moic": 1.56, "why": "Momentum exists, but TTM losses, thin gross margin, weak current ratio, and revenue contraction make downside too large.", "rank": 647, "clean_score_pre_accounting_cash_overlay": 0, "sector": "Financials & Credit", "country": "United States", "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.49, "overall_rank": 647, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.16, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Falls into monitor / lower priority: excellent momentum confirms the setup (181% 1Y, 100% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 0.7x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "PSIG", "momentum_1y_return": 1.8098, "momentum_3m_return": 0.4465, "momentum_52w_position": 1 }, { "rank": 648, "ticker": "OPAL", "company": "OPAL Fuels", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #5", "batch": 29, "source_rank": 5, "base_moic": 1.78, "bull_moic": 2.66, "why": "RNG/45Z credit torque with real EBITDA and pending credit monetization.", "tier": "C - Monitor / Lower Priority", "overall_rank": 648, "clean_score": 0.488, "clean_score_pre_accounting_cash_overlay": 1.338, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 1.338, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-21% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "OPAL", "momentum_1y_return": -0.212, "momentum_3m_return": -0.1705, "momentum_52w_position": 0.0161 }, { "rank": 649, "ticker": "PAL", "company": "Proficient Auto Logistics", "theme": "Capital Markets / Asset Managers / Banks Additions", "source": "B43 #3", "batch": 43, "source_rank": 3, "base_moic": 1.57, "bull_moic": 2.75, "why": "Cheap post-IPO roll-up with buyback; GAAP-loss-making and cyclical.", "clean_score": 0.484, "overall_rank": 649, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.234, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 1.334, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-35% 1Y, 3% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "PAL", "momentum_1y_return": -0.3536, "momentum_3m_return": -0.1707, "momentum_52w_position": 0.032 }, { "rank": 650, "ticker": "AKT.A / AKTAF", "company": "AKITA Drilling", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #6", "batch": 30, "source_rank": 6, "base_moic": 2.3, "bull_moic": 4, "why": "Best real-business torque; debt repaid, Fox acquisition, dual-class cleanup.", "tier": "C - Monitor / Lower Priority", "overall_rank": 650, "clean_score": 0.48, "clean_score_pre_accounting_cash_overlay": -0.01, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": -0.17, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Falls into monitor / lower priority: excellent momentum confirms the setup (138% 1Y, 85% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.3x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "AKTAF", "momentum_1y_return": 1.3813, "momentum_3m_return": 0.3262, "momentum_52w_position": 0.8496 }, { "rank": 651, "ticker": "0884.HK", "company": "CIFI Holdings", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #7", "batch": 23, "source_rank": 7, "base_moic": 1.86, "bull_moic": 3.57, "why": "Pure equity-stub option.", "tier": "C - Monitor / Lower Priority", "overall_rank": 651, "clean_score": 0.48, "clean_score_pre_accounting_cash_overlay": 1.33, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.33, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-68% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "0884.HK", "momentum_1y_return": -0.6827, "momentum_3m_return": -0.1316, "momentum_52w_position": 0 }, { "rank": 652, "ticker": "5210.KL", "company": "Bumi Armada", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #17", "batch": 53, "source_rank": 17, "base_moic": 1.5, "bull_moic": 2.3, "why": "Deep asset-value setup with NAV gap and Kraken support, but FPSO timing hard to underwrite.", "clean_score": 0.48, "overall_rank": 652, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.09, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1.33, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-29% 1Y, 36% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "5210.KL", "momentum_1y_return": -0.2885, "momentum_3m_return": 0.1212, "momentum_52w_position": 0.3617 }, { "rank": 653, "ticker": "J2T.SI", "company": "Hock Lian Seng", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #11", "batch": 14, "source_rank": 11, "base_moic": 1.28, "bull_moic": 1.67, "why": "NAV support, modest upside.", "tier": "C - Monitor / Lower Priority", "overall_rank": 653, "clean_score": 0.478, "clean_score_pre_accounting_cash_overlay": 1.088, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Singapore", "clean_score_pre_momentum_overlay": 1.328, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (3% 1Y, 11% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "J2T.SI", "momentum_1y_return": 0.0267, "momentum_3m_return": -0.0253, "momentum_52w_position": 0.1071 }, { "rank": 654, "ticker": "OMSE", "company": "OMS Energy", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #11", "batch": 53, "source_rank": 11, "base_moic": 1.7, "bull_moic": 2.45, "why": "Cheap relative to FY2025 earnings and cash generation; cyclicality/normalization risk.", "clean_score": 0.477, "overall_rank": 654, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.227, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 1.327, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-41% 1Y, 24% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "OMSE", "momentum_1y_return": -0.4147, "momentum_3m_return": 0.0307, "momentum_52w_position": 0.237 }, { "rank": 655, "ticker": "GMR.L / RNE1.F", "company": "Gaming Realms", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #9", "batch": 39, "source_rank": 9, "base_moic": 1.53, "bull_moic": 2.03, "why": "Scalable licensing model with buyback support; regulation and customer concentration risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 655, "clean_score": 0.476, "clean_score_pre_accounting_cash_overlay": 1.226, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.326, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-29% 1Y, 12% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "GMR.L", "momentum_1y_return": -0.287, "momentum_3m_return": 0.0446, "momentum_52w_position": 0.12 }, { "rank": 656, "ticker": "HODL.CN / STKE", "company": "Sol Strategies", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #2", "batch": 6, "source_rank": 2, "base_moic": 1.84, "bull_moic": 3.67, "why": "Highest zeitgeist torque: Solana treasury plus validator business.", "tier": "C - Monitor / Lower Priority", "overall_rank": 656, "clean_score": 0.474, "clean_score_pre_accounting_cash_overlay": 1.324, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.324, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-93% 1Y, 4% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/3.7x.", "momentum_source": "yahoo", "momentum_symbol": "HODL.CN", "momentum_1y_return": -0.925, "momentum_3m_return": 0.2062, "momentum_52w_position": 0.035 }, { "rank": 657, "ticker": "1167.HK", "company": "Jacobio-B", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #1", "batch": 7, "source_rank": 1, "base_moic": 1.87, "bull_moic": 3.37, "why": "Best biotech torque after AstraZeneca validation.", "tier": "C - Monitor / Lower Priority", "overall_rank": 657, "clean_score": 0.474, "clean_score_pre_accounting_cash_overlay": 1.324, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.324, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (8% 1Y, 15% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "1167.HK", "momentum_1y_return": 0.0816, "momentum_3m_return": -0.2136, "momentum_52w_position": 0.1452 }, { "rank": 658, "ticker": "ROMJ / R07.F", "company": "Rubicon Organics", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #4", "batch": 41, "source_rank": 4, "base_moic": 2.4, "bull_moic": 3.9, "why": "Cannabis operating leverage; Cascadia/UK optionality but EBITDA turned negative.", "clean_score": 0.474, "overall_rank": 658, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.484, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 1.324, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-4% 1Y, 12% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.4x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "R07.F", "momentum_1y_return": -0.0373, "momentum_3m_return": -0.1569, "momentum_52w_position": 0.1236 }, { "rank": 659, "ticker": "4763.T", "company": "Creek & River", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #7", "batch": 21, "source_rank": 7, "base_moic": 1.39, "bull_moic": 1.95, "why": "Cheap/profitable non-semi name with analyst target support.", "tier": "C - Monitor / Lower Priority", "overall_rank": 659, "clean_score": 0.471, "clean_score_pre_accounting_cash_overlay": 1.221, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.321, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-11% 1Y, 2% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "4763.T", "momentum_1y_return": -0.1142, "momentum_3m_return": -0.0768, "momentum_52w_position": 0.0157 }, { "rank": 660, "ticker": "NCC.DU", "company": "National Cement", "theme": "Property & Infrastructure / Cement, UAE", "source": "B58 #19", "batch": 58, "source_rank": 19, "base_moic": 1.13, "bull_moic": 1.41, "why": "Dividend support but Q1 net income fell despite revenue growth; low torque.", "clean_score": 0.47, "clean_score_pre_accounting_cash_overlay": 0.45, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B58 #19", "overall_rank": 660, "tier": "C - Monitor / Lower Priority", "sector": "Property & Infrastructure", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.55, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. Cash-flow or asset support helps. Base/bull case: 1.1x/1.4x.", "momentum_source": "fallback" }, { "rank": 661, "ticker": "CXM", "company": "Sprinklr", "theme": "Software, Data, Adtech, Services", "source": "B22 #7", "batch": 22, "source_rank": 7, "base_moic": 1.4, "bull_moic": 2.1, "why": "Cheap FCF SaaS but lower torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 661, "clean_score": 0.466, "clean_score_pre_accounting_cash_overlay": 1.216, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "United States", "clean_score_pre_momentum_overlay": 1.316, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-35% 1Y, 10% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "CXM", "momentum_1y_return": -0.3453, "momentum_3m_return": -0.1143, "momentum_52w_position": 0.0953 }, { "rank": 662, "ticker": "PRTDF / MATD.L", "company": "Petro Matad", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #9", "batch": 53, "source_rank": 9, "base_moic": 2.2, "bull_moic": 4.44, "why": "Tiny Mongolia production/exploration torque; execution/country risk high.", "clean_score": 0.466, "overall_rank": 662, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.216, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.316, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-66% 1Y, 19% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.2x/4.4x.", "momentum_source": "yahoo", "momentum_symbol": "PRTDF", "momentum_1y_return": -0.6552, "momentum_3m_return": -0.359, "momentum_52w_position": 0.1923 }, { "rank": 663, "ticker": "0830.HK", "company": "CSC Development", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #12", "batch": 48, "source_rank": 12, "base_moic": 1.47, "bull_moic": 2, "why": "Cheap SOE-linked facade/contracting business with dividend support; less explosive.", "clean_score": 0.464, "overall_rank": 663, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.214, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.314, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-47% 1Y, 3% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "0830.HK", "momentum_1y_return": -0.4747, "momentum_3m_return": -0.1263, "momentum_52w_position": 0.025 }, { "rank": 664, "ticker": "6322.T", "company": "Tacmina", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #3", "batch": 2, "source_rank": 3, "base_moic": 1.41, "bull_moic": 1.93, "why": "Best risk-adjusted value; record earnings, high equity ratio, dividend.", "tier": "C - Monitor / Lower Priority", "overall_rank": 664, "clean_score": 0.462, "clean_score_pre_accounting_cash_overlay": 1.212, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.312, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (0% 1Y, 19% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "6322.T", "momentum_1y_return": 0.0032, "momentum_3m_return": -0.0133, "momentum_52w_position": 0.188 }, { "rank": 665, "ticker": "FLGT", "company": "Fulgent Genetics", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #3", "batch": 10, "source_rank": 3, "base_moic": 1.46, "bull_moic": 2.13, "why": "Best downside protection: cash-heavy, buyback-backed.", "tier": "C - Monitor / Lower Priority", "overall_rank": 665, "clean_score": 0.462, "clean_score_pre_accounting_cash_overlay": 1.212, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.312, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-19% 1Y, 15% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "FLGT", "momentum_1y_return": -0.191, "momentum_3m_return": 0.0839, "momentum_52w_position": 0.1536 }, { "rank": 666, "ticker": "090080.KQ", "company": "Pyung Hwa Industrial", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #3", "batch": 51, "source_rank": 3, "base_moic": 1.66, "bull_moic": 2.59, "why": "Very cheap earnings inflection with revenue/net-income growth and low P/E near range lows.", "clean_score": 0.462, "overall_rank": 666, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.252, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.312, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-44% 1Y, 11% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "090080.KQ", "momentum_1y_return": -0.4358, "momentum_3m_return": 0.013, "momentum_52w_position": 0.1095 }, { "rank": 667, "ticker": "ODD", "company": "ODDITY Tech", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #4", "batch": 42, "source_rank": 4, "base_moic": 1.44, "bull_moic": 2.4, "why": "Cheap if business intact; buyback support, class-action/revenue reset overhang.", "clean_score": 0.458, "overall_rank": 667, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.208, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.308, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-81% 1Y, 1% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "ODD", "momentum_1y_return": -0.807, "momentum_3m_return": -0.1282, "momentum_52w_position": 0.0113 }, { "rank": 668, "ticker": "DVD.OL", "company": "Deep Value Driller", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #12", "batch": 25, "source_rank": 12, "base_moic": 1.3, "bull_moic": 1.6, "why": "Event/liquidation math, not compounding equity.", "tier": "C - Monitor / Lower Priority", "overall_rank": 668, "clean_score": 0.456, "clean_score_pre_accounting_cash_overlay": -0.044, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": -0.044, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (33% 1Y, 77% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "DVD.OL", "momentum_1y_return": 0.3268, "momentum_3m_return": -0.024, "momentum_52w_position": 0.7661 }, { "rank": 669, "ticker": "SERI.MI / PCHP.F", "company": "SERI Industrial", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #9", "batch": 51, "source_rank": 9, "base_moic": 1.44, "bull_moic": 2.54, "why": "Battery/industrial optionality, but Q1 revenue fell sharply.", "clean_score": 0.456, "overall_rank": 669, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.456, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Italy", "clean_score_pre_momentum_overlay": 0.456, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (15% 1Y, 37% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "SERI.MI", "momentum_1y_return": 0.1484, "momentum_3m_return": 0.1569, "momentum_52w_position": 0.3651 }, { "rank": 670, "ticker": "3175.T", "company": "AP Holdings", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #10", "batch": 26, "source_rank": 10, "base_moic": 1.34, "bull_moic": 1.83, "why": "Restaurant turnaround with operating leverage.", "tier": "C - Monitor / Lower Priority", "overall_rank": 670, "clean_score": 0.454, "clean_score_pre_accounting_cash_overlay": 0.614, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Japan", "clean_score_pre_momentum_overlay": 0.454, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (4% 1Y, 34% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "3175.T", "momentum_1y_return": 0.0427, "momentum_3m_return": -0.0262, "momentum_52w_position": 0.3423 }, { "rank": 671, "ticker": "CRLBF", "company": "Cresco Labs", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #5", "batch": 42, "source_rank": 5, "base_moic": 1.82, "bull_moic": 4.55, "why": "Cannabis reform/280E torque, but debt/tax drag and net losses.", "clean_score": 0.452, "overall_rank": 671, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.612, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.452, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (28% 1Y, 30% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/4.5x.", "momentum_source": "yahoo", "momentum_symbol": "CRLBF", "momentum_1y_return": 0.2791, "momentum_3m_return": -0.0871, "momentum_52w_position": 0.3019 }, { "rank": 672, "ticker": "3309.HK", "company": "C-MER Medical", "theme": "Healthcare, Clinics, Medical Services Turnarounds", "source": "B55 #5", "batch": 55, "source_rank": 5, "base_moic": 1.53, "bull_moic": 2.25, "why": "Deep-value healthcare turnaround near lows with FY2025 profit recovery and adjusted-profit support.", "clean_score": 0.45, "clean_score_pre_accounting_cash_overlay": 1.3, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B55 #5", "overall_rank": 672, "tier": "C - Monitor / Lower Priority", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.3, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-36% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "3309.HK", "momentum_1y_return": -0.3584, "momentum_3m_return": -0.1778, "momentum_52w_position": 0 }, { "rank": 673, "ticker": "ONT", "company": "Onterris", "theme": "Environmental Services, Free Cash Flow, Rebrand", "source": "B60 #11", "batch": 60, "source_rank": 11, "base_moic": 1.53, "bull_moic": 2.24, "why": "Higher-quality environmental-services inflection with FY2025 FCF and 2026 EBITDA guide; less obscure and less mispriced than the top microcaps.", "tier": "C - Monitor / Lower Priority", "overall_rank": 673, "clean_score": 0.45, "clean_score_pre_accounting_cash_overlay": 1.2, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Industrials & Aerospace", "country": "United States", "clean_score_pre_momentum_overlay": 1.3, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-20% 1Y, 7% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "ONT", "momentum_1y_return": -0.1979, "momentum_3m_return": -0.2936, "momentum_52w_position": 0.0688 }, { "rank": 674, "ticker": "4235.T", "company": "Ultrafabrics", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #16", "batch": 9, "source_rank": 16, "base_moic": 1.38, "bull_moic": 1.92, "why": "Specialty materials mean-reversion with dividend support.", "tier": "C - Monitor / Lower Priority", "overall_rank": 674, "clean_score": 0.446, "clean_score_pre_accounting_cash_overlay": 1.196, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "Japan", "clean_score_pre_momentum_overlay": 1.296, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (5% 1Y, 21% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "4235.T", "momentum_1y_return": 0.0544, "momentum_3m_return": 0.0195, "momentum_52w_position": 0.2102 }, { "rank": 675, "ticker": "111110.KS", "company": "Hojeon", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #15", "batch": 48, "source_rank": 15, "base_moic": 1.38, "bull_moic": 1.94, "why": "Cheap apparel OEM with dividend and ownership support; earnings fell sharply.", "clean_score": 0.446, "overall_rank": 675, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.196, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.296, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-14% 1Y, 15% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "111110.KS", "momentum_1y_return": -0.1364, "momentum_3m_return": -0.0309, "momentum_52w_position": 0.1542 }, { "rank": 676, "ticker": "TSG.JO", "company": "Tsogo Sun", "theme": "Consumer & Media / Hotels, Leisure", "source": "B59 #21", "batch": 59, "source_rank": 21, "base_moic": 1.29, "bull_moic": 1.73, "why": "Cheap with dividend support, but South Africa power/cost risk and debt cap multiple.", "clean_score": 0.44, "clean_score_pre_accounting_cash_overlay": 0.5, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #21", "overall_rank": 676, "tier": "C - Monitor / Lower Priority", "sector": "Energy & Utilities", "country": "South Africa", "clean_score_pre_momentum_overlay": 0.44, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-12% 1Y, 44% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "TSG.JO", "momentum_1y_return": -0.118, "momentum_3m_return": 0.029, "momentum_52w_position": 0.4389 }, { "rank": 677, "ticker": "VLRS / 2CDA.F", "company": "Volaris", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #17", "batch": 48, "source_rank": 17, "base_moic": 1.32, "bull_moic": 2.12, "why": "Airline recovery and structure optionality; still loss-making with cost pressure.", "clean_score": 0.439, "overall_rank": 677, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.439, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "United States", "clean_score_pre_momentum_overlay": 0.439, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (57% 1Y, 39% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "VLRS", "momentum_1y_return": 0.5718, "momentum_3m_return": -0.067, "momentum_52w_position": 0.3866 }, { "rank": 678, "ticker": "1565.TWO", "company": "St.Shine Optical", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #8", "batch": 21, "source_rank": 8, "base_moic": 1.33, "bull_moic": 1.8, "why": "Real earnings/dividend support; needs contact-lens recovery.", "tier": "C - Monitor / Lower Priority", "overall_rank": 678, "clean_score": 0.436, "clean_score_pre_accounting_cash_overlay": 1.186, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.286, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-44% 1Y, 4% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "1565.TWO", "momentum_1y_return": -0.4366, "momentum_3m_return": -0.0771, "momentum_52w_position": 0.0421 }, { "rank": 679, "ticker": "363280.KQ", "company": "TY Holdings", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #4", "batch": 23, "source_rank": 4, "base_moic": 1.82, "bull_moic": 3.24, "why": "Distressed holdco discount with asset optionality.", "tier": "C - Monitor / Lower Priority", "overall_rank": 679, "clean_score": 0.436, "clean_score_pre_accounting_cash_overlay": 1.286, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.286, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (8% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "363280.KQ", "momentum_1y_return": 0.0819, "momentum_3m_return": -0.1173, "momentum_52w_position": 0.0858 }, { "rank": 680, "ticker": "7294.T", "company": "Yorozu", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #20", "batch": 51, "source_rank": 20, "base_moic": 1.33, "bull_moic": 1.74, "why": "Japan auto-parts recovery with dividend support, lower torque.", "clean_score": 0.436, "overall_rank": 680, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.186, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Japan", "clean_score_pre_momentum_overlay": 1.286, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-5% 1Y, 4% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "7294.T", "momentum_1y_return": -0.0507, "momentum_3m_return": -0.06, "momentum_52w_position": 0.0424 }, { "rank": 681, "ticker": "1418.HK", "company": "Sinomax", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #19", "batch": 51, "source_rank": 19, "base_moic": 1.32, "bull_moic": 2.01, "why": "Cheap exporter/dividend support, but earnings trend weak and dividend cut.", "clean_score": 0.434, "overall_rank": 681, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.184, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.284, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-47% 1Y, 1% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "1418.HK", "momentum_1y_return": -0.4702, "momentum_3m_return": -0.1838, "momentum_52w_position": 0.0056 }, { "rank": 682, "ticker": "018120.KS", "company": "Jinro Distillers", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #14", "batch": 29, "source_rank": 14, "base_moic": 1.21, "bull_moic": 1.44, "why": "Cheap, profitable, yieldy, but low torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 682, "clean_score": 0.432, "clean_score_pre_accounting_cash_overlay": 1.182, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.282, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-5% 1Y, 7% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "018120.KS", "momentum_1y_return": -0.0541, "momentum_3m_return": -0.0389, "momentum_52w_position": 0.0721 }, { "rank": 683, "ticker": "FSZ.TO / ZFS.F", "company": "Fiera Capital", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #12", "batch": 49, "source_rank": 12, "base_moic": 1.3, "bull_moic": 1.8, "why": "Dividend/value asset-manager setup, not explosive; AUM down from year-end.", "clean_score": 0.43, "overall_rank": 683, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.18, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "Canada", "clean_score_pre_momentum_overlay": 1.28, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-10% 1Y, 17% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "FSZ.TO", "momentum_1y_return": -0.1044, "momentum_3m_return": 0.0398, "momentum_52w_position": 0.1735 }, { "rank": 684, "ticker": "1382.HK / PTEXF", "company": "Pacific Textiles", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #13", "batch": 6, "source_rank": 13, "base_moic": 1.29, "bull_moic": 1.67, "why": "Dividend-supported textile value, limited catalyst density.", "tier": "C - Monitor / Lower Priority", "overall_rank": 684, "clean_score": 0.428, "clean_score_pre_accounting_cash_overlay": 1.178, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.278, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-10% 1Y, 19% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "1382.HK", "momentum_1y_return": -0.1, "momentum_3m_return": -0.0565, "momentum_52w_position": 0.1875 }, { "rank": 685, "ticker": "3399.HK", "company": "Guangdong Yueyun", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #26", "batch": 16, "source_rank": 26, "base_moic": 1.28, "bull_moic": 1.67, "why": "Dividend/boring value.", "tier": "C - Monitor / Lower Priority", "overall_rank": 685, "clean_score": 0.426, "clean_score_pre_accounting_cash_overlay": 1.176, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.276, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-14% 1Y, 3% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "3399.HK", "momentum_1y_return": -0.1394, "momentum_3m_return": -0.1013, "momentum_52w_position": 0.0317 }, { "rank": 686, "ticker": "6979.TWO", "company": "Victory for Technology", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #25", "batch": 36, "source_rank": 25, "base_moic": 0.73, "bull_moic": 1.43, "why": "Momentum and theme, but sparse disclosure and poor risk/reward.", "tier": "C - Monitor / Lower Priority", "overall_rank": 686, "clean_score": 0.424, "clean_score_pre_accounting_cash_overlay": 0.104, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Taiwan", "clean_score_pre_momentum_overlay": -0.076, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (237% 1Y, 81% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 0.7x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "6979.TWO", "momentum_1y_return": 2.3724, "momentum_3m_return": 0.8736, "momentum_52w_position": 0.8134 }, { "rank": 687, "ticker": "0658.HK", "company": "China High Speed Transmission", "theme": "Industrials & Aerospace / China Machinery", "source": "B59 #16", "batch": 59, "source_rank": 16, "base_moic": 1.54, "bull_moic": 2.56, "why": "Huge revenue scale versus equity value, but H1 loss and governance/China risk lower quality.", "clean_score": 0.42, "clean_score_pre_accounting_cash_overlay": 0.1, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "refreshed_from": "B59 #16", "overall_rank": 687, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.08, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (135% 1Y, 67% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.5x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "0658.HK", "momentum_1y_return": 1.3494, "momentum_3m_return": -0.0299, "momentum_52w_position": 0.6726 }, { "rank": 688, "ticker": "VIRS.RG", "company": "Virsi-A", "theme": "Consumer & Media / Fuel, Convenience, Energy Retail", "source": "B57 #24", "batch": 57, "source_rank": 24, "base_moic": 1.23, "bull_moic": 1.6, "why": "Solid Baltic fuel/convenience operator; more compounder than mispricing.", "clean_score": 0.42, "clean_score_pre_accounting_cash_overlay": 0.5, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #24", "overall_rank": 688, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.5, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "fallback" }, { "rank": 689, "ticker": "9979.HK", "company": "Greentown Management", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #19", "batch": 45, "source_rank": 19, "base_moic": 1.25, "bull_moic": 1.7, "why": "Dividend/value, earnings reset.", "clean_score": 0.42, "overall_rank": 689, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.17, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Financials & Credit", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.27, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-24% 1Y, 3% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "9979.HK", "momentum_1y_return": -0.2418, "momentum_3m_return": -0.0633, "momentum_52w_position": 0.0296 }, { "rank": 690, "ticker": "0327.HK", "company": "PAX Global", "theme": "Software, Data, Adtech, Services", "source": "B22 #2", "batch": 22, "source_rank": 2, "base_moic": 1.7, "bull_moic": 2.4, "why": "Best deep-value quality; cash-generative at low earnings multiple.", "tier": "C - Monitor / Lower Priority", "overall_rank": 690, "clean_score": 0.414, "clean_score_pre_accounting_cash_overlay": 1.264, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.264, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-28% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "0327.HK", "momentum_1y_return": -0.2807, "momentum_3m_return": -0.1761, "momentum_52w_position": 0 }, { "rank": 691, "ticker": "1808.TW", "company": "Run Long Construction", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #13", "batch": 14, "source_rank": 13, "base_moic": 1.18, "bull_moic": 1.56, "why": "Income/value, not high torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 691, "clean_score": 0.412, "clean_score_pre_accounting_cash_overlay": 1.022, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.262, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-15% 1Y, 7% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "1808.TW", "momentum_1y_return": -0.1492, "momentum_3m_return": -0.0313, "momentum_52w_position": 0.0688 }, { "rank": 692, "ticker": "3372.TWO", "company": "Taiwan IC Packaging", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #11", "batch": 2, "source_rank": 11, "base_moic": 0.84, "bull_moic": 1.42, "why": "Semiconductor label, but loss-making and not cheap enough.", "tier": "C - Monitor / Lower Priority", "overall_rank": 692, "clean_score": 0.409, "clean_score_pre_accounting_cash_overlay": 0.109, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.109, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (49% 1Y, 55% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "3372.TWO", "momentum_1y_return": 0.485, "momentum_3m_return": -0.1338, "momentum_52w_position": 0.5462 }, { "rank": 693, "ticker": "BIF.BD", "company": "BIF", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #14", "batch": 14, "source_rank": 14, "base_moic": 1.17, "bull_moic": 1.5, "why": "Good property company, limited mispricing.", "tier": "C - Monitor / Lower Priority", "overall_rank": 693, "clean_score": 0.402, "clean_score_pre_accounting_cash_overlay": 1.012, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.252, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-34% 1Y, 16% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "BIF.BD", "momentum_1y_return": -0.3407, "momentum_3m_return": -0.0798, "momentum_52w_position": 0.1579 }, { "rank": 694, "ticker": "301267.SZ", "company": "Huaxia Eye Hospital", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #24", "batch": 46, "source_rank": 24, "base_moic": 1.3, "bull_moic": 1.7, "why": "Profitable ophthalmology chain, modest growth and not enough torque.", "clean_score": 0.402, "overall_rank": 694, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.152, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 1.252, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-13% 1Y, 11% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "301267.SZ", "momentum_1y_return": -0.1282, "momentum_3m_return": -0.025, "momentum_52w_position": 0.1113 }, { "rank": 695, "ticker": "7076.KL", "company": "CB Industrial Product", "theme": "Industrials & Aerospace / Palm Oil Equipment, Engineering", "source": "B56 #26", "batch": 56, "source_rank": 26, "base_moic": 1.14, "bull_moic": 1.63, "why": "Palm-oil equipment recovery optionality, but FY2025 revenue collapse and net loss make base upside weak.", "clean_score": 0.4, "clean_score_pre_accounting_cash_overlay": -0.1, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #26", "overall_rank": 695, "tier": "C - Monitor / Lower Priority", "sector": "Energy & Utilities", "country": "Malaysia", "clean_score_pre_momentum_overlay": -0.1, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Falls into monitor / lower priority: good momentum supports the rank (14% 1Y, 70% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "7076.KL", "momentum_1y_return": 0.1389, "momentum_3m_return": 0.1081, "momentum_52w_position": 0.697 }, { "rank": 696, "ticker": "RDG.WA", "company": "Read-Gene", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #19", "batch": 27, "source_rank": 19, "base_moic": 0, "bull_moic": 0, "why": "Too illiquid, not obviously cheap.", "tier": "C - Monitor / Lower Priority", "overall_rank": 696, "clean_score": 0.4, "clean_score_pre_accounting_cash_overlay": 0, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Poland", "clean_score_pre_momentum_overlay": 0.1, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (17% 1Y, 46% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "RDG.WA", "momentum_1y_return": 0.1681, "momentum_3m_return": 0.0154, "momentum_52w_position": 0.4626 }, { "rank": 697, "ticker": "0527.HK", "company": "Ruifeng Renewable", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #22", "batch": 57, "source_rank": 22, "base_moic": 1.21, "bull_moic": 1.9, "why": "Wind/storage theme but weak financial quality and negative profitability.", "clean_score": 0.4, "clean_score_pre_accounting_cash_overlay": 0.1, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #22", "overall_rank": 697, "tier": "C - Monitor / Lower Priority", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.1, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (35% 1Y, 53% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "0527.HK", "momentum_1y_return": 0.3542, "momentum_3m_return": -0.058, "momentum_52w_position": 0.534 }, { "rank": 698, "ticker": "9552.T", "company": "Quants Research Institute", "theme": "Japan Software, AI Consulting, Buybacks", "source": "B60 #5", "batch": 60, "source_rank": 5, "base_moic": 1.48, "bull_moic": 2.19, "why": "Q2 sales and operating profit grew, guidance was raised, and AI-driven consulting/buybacks support the setup; easy mispricing has partly closed.", "clean_score": 0.4, "overall_rank": 698, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.25, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "Japan", "clean_score_pre_momentum_overlay": 1.25, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-33% 1Y, 40% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "9552.T", "momentum_1y_return": -0.3257, "momentum_3m_return": 0.5761, "momentum_52w_position": 0.4021 }, { "rank": 699, "ticker": "2496.TW", "company": "Success Prime", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #10", "batch": 2, "source_rank": 10, "base_moic": 1.17, "bull_moic": 1.56, "why": "FCF-positive high yield; more income/value than torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 699, "clean_score": 0.396, "clean_score_pre_accounting_cash_overlay": 1.146, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.246, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-13% 1Y, 7% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "2496.TW", "momentum_1y_return": -0.1331, "momentum_3m_return": -0.0584, "momentum_52w_position": 0.066 }, { "rank": 700, "ticker": "AGFB.BR", "company": "Agfa-Gevaert", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #9", "batch": 46, "source_rank": 9, "base_moic": 1.8, "bull_moic": 2.8, "why": "Messy turnaround with Q1 adjusted EBITDA improvement, still loss-making and structurally complex.", "clean_score": 0.394, "overall_rank": 700, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.144, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Belgium", "clean_score_pre_momentum_overlay": 1.244, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-49% 1Y, 5% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "AGFB.BR", "momentum_1y_return": -0.4857, "momentum_3m_return": -0.049, "momentum_52w_position": 0.0489 }, { "rank": 701, "ticker": "8K7.SI", "company": "UG Healthcare", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #26", "batch": 44, "source_rank": 26, "base_moic": 1.25, "bull_moic": 2.05, "why": "Post-glove bust recovery, still loss-making.", "clean_score": 0.393, "overall_rank": 701, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.393, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.393, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-21% 1Y, 36% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "8K7.SI", "momentum_1y_return": -0.2091, "momentum_3m_return": 0.1447, "momentum_52w_position": 0.359 }, { "rank": 702, "ticker": "B0U.F / HYPD", "company": "Hyperion DeFi", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #10", "batch": 49, "source_rank": 10, "base_moic": 1.5, "bull_moic": 5, "why": "Highest raw crypto-treasury torque; gains-driven earnings and mark-to-market risk dominate.", "clean_score": 0.39, "overall_rank": 702, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.24, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "United States", "clean_score_pre_momentum_overlay": 1.24, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-73% 1Y, 6% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "B0U.F", "momentum_1y_return": -0.7349, "momentum_3m_return": -0.1061, "momentum_52w_position": 0.0645 }, { "rank": 703, "ticker": "FND.AX", "company": "Findi", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #1", "batch": 57, "source_rank": 1, "base_moic": 2.5, "bull_moic": 6.25, "why": "Best setup: real EBITDA/OCF, broken sentiment, India execution and IPO/platform optionality; debt/credibility risk remains.", "clean_score": 0.39, "clean_score_pre_accounting_cash_overlay": 1.4, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #1", "overall_rank": 703, "tier": "C - Monitor / Lower Priority", "sector": "Technology & Digital", "country": "Australia", "clean_score_pre_momentum_overlay": 1.24, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-84% 1Y, 1% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.5x/6.3x.", "momentum_source": "yahoo", "momentum_symbol": "FND.AX", "momentum_1y_return": -0.8401, "momentum_3m_return": -0.1299, "momentum_52w_position": 0.0135 }, { "rank": 704, "ticker": "049950.KQ", "company": "Meere Company", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #3", "batch": 3, "source_rank": 3, "base_moic": 0.89, "bull_moic": 2.06, "why": "Deep cyclical recovery option with net cash/book support.", "tier": "C - Monitor / Lower Priority", "overall_rank": 704, "clean_score": 0.388, "clean_score_pre_accounting_cash_overlay": 0.998, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.238, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-16% 1Y, 23% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 0.9x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "049950.KQ", "momentum_1y_return": -0.1572, "momentum_3m_return": 0.0094, "momentum_52w_position": 0.2338 }, { "rank": 705, "ticker": "MYX:RL", "company": "Reservoir Link Energy", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #18", "batch": 50, "source_rank": 18, "base_moic": 0.96, "bull_moic": 1.73, "why": "Small bounce optionality, but sales fell and loss emerged.", "clean_score": 0.38, "overall_rank": 705, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.08, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.08, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (20% 1Y, 53% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "RL", "momentum_1y_return": 0.2021, "momentum_3m_return": -0.0362, "momentum_52w_position": 0.5338 }, { "rank": 706, "ticker": "CMNP.JK", "company": "PT Citra Marga", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #13", "batch": 18, "source_rank": 13, "base_moic": 1.38, "bull_moic": 1.94, "why": "Toll-road asset value, lower torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 706, "clean_score": 0.374, "clean_score_pre_accounting_cash_overlay": 1.124, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Indonesia", "clean_score_pre_momentum_overlay": 1.224, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (1% 1Y, 23% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "CMNP.JK", "momentum_1y_return": 0.0144, "momentum_3m_return": 0.0036, "momentum_52w_position": 0.2324 }, { "ticker": "GOGO", "company": "Gogo", "theme": "Aviation Connectivity, Deleveraging, Galileo / 5G", "source": "B61 #7", "batch": 61, "source_rank": 7, "base_moic": 1.72, "bull_moic": 2.95, "why": "Deleveraging plus Galileo/5G optionality and FCF guidance, but service revenue declined and leverage remains central.", "rank": 707, "clean_score_pre_accounting_cash_overlay": 1.35, "sector": "Special Situations", "country": "United States", "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "clean_score": 0.37, "overall_rank": 707, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 1.22, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-66% 1Y, 2% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "GOGO", "momentum_1y_return": -0.6642, "momentum_3m_return": -0.0874, "momentum_52w_position": 0.015 }, { "rank": 708, "ticker": "LSE:SHAW", "company": "Shawbrook Group", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #7", "batch": 49, "source_rank": 7, "base_moic": 1.5, "bull_moic": 2.1, "why": "Cheap specialist lender post-IPO with strong PBT/RoTE; IPO overhang and governance/pay optics.", "clean_score": 0.366, "overall_rank": 708, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.626, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.446, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. Accounting/disclosure risk trims the score. Base/bull case: 1.5x/2.1x.", "momentum_source": "fallback" }, { "rank": 709, "ticker": "HLS.AX", "company": "Healius", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #8", "batch": 44, "source_rank": 8, "base_moic": 1.71, "bull_moic": 3.14, "why": "Distressed pathology turnaround/M&A candidate.", "clean_score": 0.364, "overall_rank": 709, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.214, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Australia", "clean_score_pre_momentum_overlay": 1.214, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-66% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "HLS.AX", "momentum_1y_return": -0.6615, "momentum_3m_return": -0.3825, "momentum_52w_position": 0.0101 }, { "rank": 710, "ticker": "1472.TW", "company": "Triocean Industrial", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #11", "batch": 13, "source_rank": 11, "base_moic": 1.24, "bull_moic": 1.64, "why": "Profitable, not expensive, but lower catalyst torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 710, "clean_score": 0.362, "clean_score_pre_accounting_cash_overlay": 1.112, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Industrials & Aerospace", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.212, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-17% 1Y, 11% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "1472.TW", "momentum_1y_return": -0.1701, "momentum_3m_return": -0.074, "momentum_52w_position": 0.1122 }, { "rank": 711, "ticker": "SUNVIEW.KL", "company": "Sunview Group", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #12", "batch": 59, "source_rank": 12, "base_moic": 1.76, "bull_moic": 2.97, "why": "Solar EPC theme with project and banking-facility headlines; P/E and working-capital risk cap quality.", "clean_score": 0.36, "clean_score_pre_accounting_cash_overlay": 0.6, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B59 #12", "overall_rank": 711, "tier": "C - Monitor / Lower Priority", "sector": "Energy & Utilities", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.44, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/3.0x.", "momentum_source": "fallback" }, { "rank": 712, "ticker": "HEAD.L", "company": "Headlam Group", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #3", "batch": 6, "source_rank": 3, "base_moic": 2.03, "bull_moic": 3.75, "why": "Hated UK turnaround with asset backing and operating leverage.", "tier": "C - Monitor / Lower Priority", "overall_rank": 712, "clean_score": 0.353, "clean_score_pre_accounting_cash_overlay": 1.363, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.203, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-68% 1Y, 3% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/3.8x.", "momentum_source": "yahoo", "momentum_symbol": "HEAD.L", "momentum_1y_return": -0.6802, "momentum_3m_return": -0.3056, "momentum_52w_position": 0.0265 }, { "rank": 713, "ticker": "ELAN-B.ST", "company": "Elanders", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #15", "batch": 18, "source_rank": 15, "base_moic": 1.44, "bull_moic": 1.96, "why": "Deleveraging value case.", "tier": "C - Monitor / Lower Priority", "overall_rank": 713, "clean_score": 0.352, "clean_score_pre_accounting_cash_overlay": 1.202, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Sweden", "clean_score_pre_momentum_overlay": 1.202, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-14% 1Y, 21% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "ELAN-B.ST", "momentum_1y_return": -0.1416, "momentum_3m_return": 0.0464, "momentum_52w_position": 0.2105 }, { "rank": 714, "ticker": "LDI", "company": "loanDepot", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #14", "batch": 40, "source_rank": 14, "base_moic": 1.8, "bull_moic": 3.7, "why": "Mortgage-cycle torque with balance-sheet/rate-cycle risk.", "clean_score": 0.352, "overall_rank": 714, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.202, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.202, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (3% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/3.7x.", "momentum_source": "yahoo", "momentum_symbol": "LDI", "momentum_1y_return": 0.0252, "momentum_3m_return": -0.1921, "momentum_52w_position": 0.0234 }, { "rank": 715, "ticker": "GFIN.L", "company": "Gfinity", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #7", "batch": 17, "source_rank": 7, "base_moic": 1.6, "bull_moic": 5, "why": "AI/Connected IQ option, not a fundamental business yet.", "tier": "C - Monitor / Lower Priority", "overall_rank": 715, "clean_score": 0.35, "clean_score_pre_accounting_cash_overlay": 1.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.2, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-41% 1Y, 32% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "GFIN.L", "momentum_1y_return": -0.4074, "momentum_3m_return": 0, "momentum_52w_position": 0.3231 }, { "rank": 716, "ticker": "310200.KQ", "company": "AniPlus", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #13", "batch": 45, "source_rank": 13, "base_moic": 1.7, "bull_moic": 3, "why": "Anime/content zeitgeist with revenue scale; needs balance-sheet work.", "clean_score": 0.35, "overall_rank": 716, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.2, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-31% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "310200.KQ", "momentum_1y_return": -0.3128, "momentum_3m_return": -0.1307, "momentum_52w_position": 0 }, { "rank": 717, "ticker": "4625.T", "company": "Atomix", "theme": "Industrials, Coatings, Japan Microcap Value", "source": "B56 #12", "batch": 56, "source_rank": 12, "base_moic": 1.44, "bull_moic": 2.05, "why": "Statistically cheap Japan microcap with FY2026 profit inflection; limited narrative catalyst.", "clean_score": 0.35, "clean_score_pre_accounting_cash_overlay": 1.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #12", "overall_rank": 717, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.2, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (17% 1Y, 33% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "4625.T", "momentum_1y_return": 0.1697, "momentum_3m_return": -0.2249, "momentum_52w_position": 0.3293 }, { "rank": 718, "ticker": "JFIN", "company": "Jiayin Group", "theme": "Financials & Credit / China Fintech", "source": "B57 #3", "batch": 57, "source_rank": 3, "base_moic": 1.82, "bull_moic": 3.18, "why": "Cheap China fintech with earnings growth and filed 20-F; VIE/regulation/ADS share-count uncertainty cap confidence.", "clean_score": 0.35, "clean_score_pre_accounting_cash_overlay": 1.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #3", "overall_rank": 718, "tier": "C - Monitor / Lower Priority", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.2, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-65% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "JFIN", "momentum_1y_return": -0.6508, "momentum_3m_return": -0.2485, "momentum_52w_position": 0.0294 }, { "rank": 719, "ticker": "TCO.HM", "company": "Janus Group", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #6", "batch": 36, "source_rank": 6, "base_moic": 1.37, "bull_moic": 2.05, "why": "Vietnam logistics/transport microcap with momentum and reasonable P/E; opacity and revenue volatility.", "tier": "C - Monitor / Lower Priority", "overall_rank": 719, "clean_score": 0.345, "clean_score_pre_accounting_cash_overlay": 0.425, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.425, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "fallback" }, { "rank": 720, "ticker": "6058.HK", "company": "China Industrial Securities Intl", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #26", "batch": 40, "source_rank": 26, "base_moic": 1.2, "bull_moic": 1.7, "why": "Cheap-looking broker, leverage and cyclicality cap conviction.", "clean_score": 0.342, "overall_rank": 720, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.202, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.042, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (71% 1Y, 60% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "6058.HK", "momentum_1y_return": 0.7143, "momentum_3m_return": 0.4815, "momentum_52w_position": 0.6 }, { "rank": 721, "ticker": "APLN.JK", "company": "Agung Podomoro", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #22", "batch": 56, "source_rank": 22, "base_moic": 1.34, "bull_moic": 2.03, "why": "Distressed Indonesian property rebound candidate; leverage/property-cycle risk remains high.", "clean_score": 0.34, "clean_score_pre_accounting_cash_overlay": 0.2, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #22", "overall_rank": 721, "tier": "C - Monitor / Lower Priority", "sector": "Property & Infrastructure", "country": "Indonesia", "clean_score_pre_momentum_overlay": 0.04, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (50% 1Y, 53% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "APLN.JK", "momentum_1y_return": 0.5, "momentum_3m_return": 0.04, "momentum_52w_position": 0.5349 }, { "rank": 722, "ticker": "KLDVK.OL", "company": "Kaldvik / Ice Fish Farm", "theme": "Aquaculture, Distressed Salmon Turnaround", "source": "B60 #6", "batch": 60, "source_rank": 6, "base_moic": 1.82, "bull_moic": 3.64, "why": "Distressed aquaculture torque after revenue growth but wider losses, harvest-guide cut, and covenant waiver; asymmetric if biology and pricing normalize.", "tier": "C - Monitor / Lower Priority", "overall_rank": 722, "clean_score": 0.34, "clean_score_pre_accounting_cash_overlay": 1.35, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Norway", "clean_score_pre_momentum_overlay": 1.19, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-81% 1Y, 1% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "KLDVK.OL", "momentum_1y_return": -0.8146, "momentum_3m_return": -0.175, "momentum_52w_position": 0.0068 }, { "ticker": "GTN", "company": "Gray Media / Gray Television", "theme": "Media, Broadcast, Political Cycle, Deleveraging", "source": "B60 #7", "batch": 60, "source_rank": 7, "base_moic": 1.89, "bull_moic": 3.53, "why": "Political-cycle and retransmission torque, but net leverage around 5.94x means equity upside depends on refinancing and deleveraging.", "rank": 723, "clean_score_pre_accounting_cash_overlay": 1.35, "sector": "Consumer & Media", "country": "United States", "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.34, "overall_rank": 723, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 1.19, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (4% 1Y, 13% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.9x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "GTN", "momentum_1y_return": 0.0366, "momentum_3m_return": -0.1038, "momentum_52w_position": 0.1269 }, { "rank": 724, "ticker": "OCI.AS", "company": "OCI N.V.", "theme": "Residual NAV, Capital Return, Chemicals", "source": "B61 #15", "batch": 61, "source_rank": 15, "base_moic": 1.3, "bull_moic": 1.9, "why": "Residual NAV/capital-return situation after divestments and shareholder returns; remaining upside is harder to underwrite.", "tier": "C - Monitor / Lower Priority", "overall_rank": 724, "clean_score": 0.34, "clean_score_pre_accounting_cash_overlay": 0.95, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Netherlands", "clean_score_pre_momentum_overlay": 1.19, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-51% 1Y, 19% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "OCI.AS", "momentum_1y_return": -0.5109, "momentum_3m_return": 0.1148, "momentum_52w_position": 0.1944 }, { "rank": 725, "ticker": "1419.HK", "company": "Human Health Holdings", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #7", "batch": 46, "source_rank": 7, "base_moic": 1.6, "bull_moic": 2.3, "why": "Net-cash/negative-EV Hong Kong healthcare services stub with revenue/profit growth.", "clean_score": 0.338, "overall_rank": 725, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.188, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.188, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-2% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "1419.HK", "momentum_1y_return": -0.0244, "momentum_3m_return": -0.0361, "momentum_52w_position": 0.0172 }, { "rank": 726, "ticker": "GRR.AX", "company": "Grange Resources", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #4", "batch": 9, "source_rank": 4, "base_moic": 1.69, "bull_moic": 2.81, "why": "Deep-value magnetite producer with negative EV, underground transition risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 726, "clean_score": 0.333, "clean_score_pre_accounting_cash_overlay": 1.183, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Australia", "clean_score_pre_momentum_overlay": 1.183, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-16% 1Y, 7% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "GRR.AX", "momentum_1y_return": -0.1579, "momentum_3m_return": -0.2, "momentum_52w_position": 0.069 }, { "rank": 727, "ticker": "AQZ.AX", "company": "Alliance Aviation", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #3", "batch": 12, "source_rank": 3, "base_moic": 1.86, "bull_moic": 3.73, "why": "High asset-value torque, but distressed/levered aircraft story after impairment/write-down.", "tier": "C - Monitor / Lower Priority", "overall_rank": 727, "clean_score": 0.33, "clean_score_pre_accounting_cash_overlay": 1.34, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Australia", "clean_score_pre_momentum_overlay": 1.18, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-77% 1Y, 2% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.9x/3.7x.", "momentum_source": "yahoo", "momentum_symbol": "AQZ.AX", "momentum_1y_return": -0.7731, "momentum_3m_return": -0.0088, "momentum_52w_position": 0.0161 }, { "rank": 728, "ticker": "002320.KS", "company": "Hanjin Logistics", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #23", "batch": 48, "source_rank": 23, "base_moic": 1.24, "bull_moic": 1.7, "why": "Large revenue scale but huge EV, thin margins, negative EPS; dividend helps.", "clean_score": 0.326, "overall_rank": 728, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.076, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Industrials & Aerospace", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.176, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-11% 1Y, 1% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "002320.KS", "momentum_1y_return": -0.1068, "momentum_3m_return": -0.0769, "momentum_52w_position": 0.0075 }, { "rank": 729, "ticker": "003090.KS", "company": "Daewoong Co.", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #12", "batch": 46, "source_rank": 12, "base_moic": 1.6, "bull_moic": 2.2, "why": "Cheap Korean pharma holdco with strong FY2025 EPS/net-income improvement; holdco discount may persist.", "clean_score": 0.322, "overall_rank": 729, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.172, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.172, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (0% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "003090.KS", "momentum_1y_return": 0, "momentum_3m_return": -0.1438, "momentum_52w_position": 0.0972 }, { "rank": 730, "ticker": "TYM.L", "company": "Tamar Minerals", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #10", "batch": 17, "source_rank": 10, "base_moic": 1.4, "bull_moic": 2.6, "why": "UK tin/copper exploration, early-stage.", "tier": "C - Monitor / Lower Priority", "overall_rank": 730, "clean_score": 0.316, "clean_score_pre_accounting_cash_overlay": 0.016, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.016, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (46% 1Y, 48% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "TYM.L", "momentum_1y_return": 0.46, "momentum_3m_return": -0.1412, "momentum_52w_position": 0.4835 }, { "rank": 731, "ticker": "PAX.ST", "company": "Paxman", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #3", "batch": 7, "source_rank": 3, "base_moic": 1.7, "bull_moic": 2.4, "why": "Cleanest small-cap growth/inflection setup.", "tier": "C - Monitor / Lower Priority", "overall_rank": 731, "clean_score": 0.314, "clean_score_pre_accounting_cash_overlay": 1.164, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Sweden", "clean_score_pre_momentum_overlay": 1.164, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-31% 1Y, 15% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "PAX.ST", "momentum_1y_return": -0.3082, "momentum_3m_return": 0.1301, "momentum_52w_position": 0.1495 }, { "rank": 732, "ticker": "6269.TW", "company": "Flexium Interconnect", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #23", "batch": 51, "source_rank": 23, "base_moic": 1.19, "bull_moic": 1.6, "why": "Apple/PCB-cycle torque, but losses widened.", "clean_score": 0.31, "overall_rank": 732, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.01, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.01, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (5% 1Y, 48% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "6269.TW", "momentum_1y_return": 0.0501, "momentum_3m_return": 0.0244, "momentum_52w_position": 0.4828 }, { "rank": 733, "ticker": "NVM.DE", "company": "Novem Group", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #6", "batch": 18, "source_rank": 6, "base_moic": 1.8, "bull_moic": 3.01, "why": "Cheap auto interior supplier with FCF and leverage risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 733, "clean_score": 0.301, "clean_score_pre_accounting_cash_overlay": 1.211, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Germany", "clean_score_pre_momentum_overlay": 1.151, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-34% 1Y, 9% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "NVM.DE", "momentum_1y_return": -0.3448, "momentum_3m_return": -0.0148, "momentum_52w_position": 0.0882 }, { "rank": 734, "ticker": "0031.HK", "company": "China Aerospace International", "theme": "Industrials & Aerospace / China Manufacturing", "source": "B56 #25", "batch": 56, "source_rank": 25, "base_moic": 1.38, "bull_moic": 2.07, "why": "State-linked aerospace/manufacturing optionality, but FY2025 loss weakens support.", "clean_score": 0.3, "clean_score_pre_accounting_cash_overlay": 0, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #25", "overall_rank": 734, "tier": "C - Monitor / Lower Priority", "sector": "Industrials & Aerospace", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (42% 1Y, 49% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "0031.HK", "momentum_1y_return": 0.4217, "momentum_3m_return": 0.0172, "momentum_52w_position": 0.494 }, { "rank": 735, "ticker": "0077.HK", "company": "AMS Public Transport", "theme": "Industrials & Aerospace / Transport, Licenses", "source": "B57 #19", "batch": 57, "source_rank": 19, "base_moic": 1.28, "bull_moic": 1.74, "why": "Asset/licence scarcity but weak earnings trend and 1H swing to loss.", "clean_score": 0.3, "clean_score_pre_accounting_cash_overlay": 0.3, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #19", "overall_rank": 735, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.3, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (4% 1Y, 43% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "0077.HK", "momentum_1y_return": 0.0361, "momentum_3m_return": -0.0227, "momentum_52w_position": 0.4286 }, { "rank": 736, "ticker": "HOV", "company": "Hovnanian", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #6", "batch": 56, "source_rank": 6, "base_moic": 1.53, "bull_moic": 2.45, "why": "U.S. housing-cycle asymmetry if margins stabilize, but rate sensitivity and gross-margin pressure cap quality.", "clean_score": 0.3, "clean_score_pre_accounting_cash_overlay": 1.15, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #6", "overall_rank": 736, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.15, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (10% 1Y, 15% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "HOV", "momentum_1y_return": 0.0973, "momentum_3m_return": -0.0681, "momentum_52w_position": 0.1482 }, { "rank": 737, "ticker": "CAT-B.ST / 0RL4", "company": "Catella AB B", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #5", "batch": 45, "source_rank": 5, "base_moic": 1.8, "bull_moic": 2.8, "why": "Real-estate-cycle recovery plus AUM/co-investment shift.", "clean_score": 0.298, "overall_rank": 737, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.148, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Sweden", "clean_score_pre_momentum_overlay": 1.148, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-35% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "CAT-B.ST", "momentum_1y_return": -0.3503, "momentum_3m_return": -0.0706, "momentum_52w_position": 0.0541 }, { "rank": 738, "ticker": "SFR.L", "company": "Severfield", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #10", "batch": 9, "source_rank": 10, "base_moic": 1.67, "bull_moic": 2.41, "why": "UK structural steel turnaround with data-center/infrastructure exposure.", "tier": "C - Monitor / Lower Priority", "overall_rank": 738, "clean_score": 0.297, "clean_score_pre_accounting_cash_overlay": 1.147, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.147, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-18% 1Y, 17% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "SFR.L", "momentum_1y_return": -0.1824, "momentum_3m_return": -0.0038, "momentum_52w_position": 0.1688 }, { "rank": 739, "ticker": "HLF.TO / HLNFF", "company": "High Liner Foods", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #15", "batch": 44, "source_rank": 15, "base_moic": 1.2, "bull_moic": 1.7, "why": "Stable food cash flow, lower torque.", "clean_score": 0.292, "overall_rank": 739, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.042, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Canada", "clean_score_pre_momentum_overlay": 1.142, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-21% 1Y, 17% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "HLF.TO", "momentum_1y_return": -0.2139, "momentum_3m_return": -0.0929, "momentum_52w_position": 0.1681 }, { "rank": 740, "ticker": "KARIN.PR", "company": "Karo Leather", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #21", "batch": 54, "source_rank": 21, "base_moic": 1.2, "bull_moic": 1.6, "why": "Low-conviction Czech microcap, conflicting public-source descriptions.", "clean_score": 0.286, "overall_rank": 740, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.466, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Czech Republic", "clean_score_pre_momentum_overlay": 0.286, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (9% 1Y, 38% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "KARIN.PR", "momentum_1y_return": 0.0915, "momentum_3m_return": -0.1092, "momentum_52w_position": 0.381 }, { "rank": 741, "ticker": "BBBY", "company": "Bed Bath & Beyond", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #5", "batch": 48, "source_rank": 5, "base_moic": 1.62, "bull_moic": 2.67, "why": "Narrative/catalyst rebuild with revenue growth and operator involvement; execution risk severe.", "clean_score": 0.282, "overall_rank": 741, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.132, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.132, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-14% 1Y, 12% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "BBBY", "momentum_1y_return": -0.1447, "momentum_3m_return": 0.0779, "momentum_52w_position": 0.1173 }, { "rank": 742, "ticker": "SOMA.V / 8PR1.F", "company": "Soma Gold", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #2", "batch": 51, "source_rank": 2, "base_moic": 1.7, "bull_moic": 2.98, "why": "Gold producer with operating recovery and 2026 production growth; 8PR1.F is duplicate exposure.", "clean_score": 0.276, "overall_rank": 742, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.126, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "Canada", "clean_score_pre_momentum_overlay": 1.126, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (1% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "SOMA.V", "momentum_1y_return": 0.0108, "momentum_3m_return": -0.4471, "momentum_52w_position": 0.0194 }, { "rank": 743, "ticker": "BON.PA", "company": "Bonduelle", "theme": "Consumer, Beauty, Education, Food, Holdcos", "source": "B5 #4", "batch": 5, "source_rank": 4, "base_moic": 1.6, "bull_moic": 2.71, "why": "Ugly but interesting equity-stub turnaround.", "tier": "C - Monitor / Lower Priority", "overall_rank": 743, "clean_score": 0.273, "clean_score_pre_accounting_cash_overlay": 1.123, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "France", "clean_score_pre_momentum_overlay": 1.123, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (1% 1Y, 24% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "BON.PA", "momentum_1y_return": 0.0086, "momentum_3m_return": -0.0167, "momentum_52w_position": 0.2442 }, { "rank": 744, "ticker": "3117.TWO", "company": "Tecstar", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #28", "batch": 35, "source_rank": 28, "base_moic": 0.8, "bull_moic": 1.5, "why": "Loss-making, small, and volatile; weak fundamental long today.", "tier": "C - Monitor / Lower Priority", "overall_rank": 744, "clean_score": 0.27, "clean_score_pre_accounting_cash_overlay": -0.03, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": -0.03, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (526% 1Y, 46% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "3117.TWO", "momentum_1y_return": 5.2623, "momentum_3m_return": 2.6922, "momentum_52w_position": 0.4619 }, { "rank": 745, "ticker": "1921.HK", "company": "Dalipal Holdings", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #4", "batch": 50, "source_rank": 4, "base_moic": 1.61, "bull_moic": 2.57, "why": "Saudi Aramco supplier approval creates real catalyst; stock well below highs.", "clean_score": 0.27, "overall_rank": 745, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.12, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.12, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-56% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "1921.HK", "momentum_1y_return": -0.5587, "momentum_3m_return": -0.4917, "momentum_52w_position": 0 }, { "rank": 746, "ticker": "WOOF", "company": "Petco Health and Wellness", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #3", "batch": 46, "source_rank": 3, "base_moic": 2, "bull_moic": 3.6, "why": "Levered turnaround equity stub; EBITDA/free-cash-flow progress gives torque if comps stabilize, debt remains the main risk.", "clean_score": 0.266, "overall_rank": 746, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.276, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.116, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-31% 1Y, 9% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "WOOF", "momentum_1y_return": -0.3123, "momentum_3m_return": -0.2229, "momentum_52w_position": 0.0887 }, { "rank": 747, "ticker": "HDSN", "company": "Hudson Technologies", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #5", "batch": 54, "source_rank": 5, "base_moic": 1.6, "bull_moic": 2.6, "why": "Best U.S.-listed risk/reward in batch; refrigerant scarcity/reclamation setup but margin execution risk.", "clean_score": 0.266, "overall_rank": 747, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.116, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.116, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-33% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "HDSN", "momentum_1y_return": -0.3324, "momentum_3m_return": -0.1692, "momentum_52w_position": 0.0214 }, { "rank": 748, "ticker": "195500.KQ", "company": "Maniker F&G", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #26", "batch": 41, "source_rank": 26, "base_moic": 1.1, "bull_moic": 1.4, "why": "Profitable small Korean food, limited catalyst.", "clean_score": 0.264, "overall_rank": 748, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.014, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.114, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-27% 1Y, 1% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "195500.KQ", "momentum_1y_return": -0.265, "momentum_3m_return": -0.0411, "momentum_52w_position": 0.0104 }, { "rank": 749, "ticker": "2348.HK", "company": "Dawnrays Pharma", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #24", "batch": 44, "source_rank": 24, "base_moic": 1.25, "bull_moic": 1.7, "why": "Value/yield but net income fell; not enough torque.", "clean_score": 0.262, "overall_rank": 749, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.012, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.112, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-6% 1Y, 12% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "2348.HK", "momentum_1y_return": -0.0588, "momentum_3m_return": -0.0261, "momentum_52w_position": 0.1176 }, { "rank": 750, "ticker": "SUP.L", "company": "Supreme", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #9", "batch": 27, "source_rank": 9, "base_moic": 0, "bull_moic": 0, "why": "Cheap EBITDA, vape/nicotine regulation risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 750, "clean_score": 0.26, "clean_score_pre_accounting_cash_overlay": 0.16, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.26, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-6% 1Y, 43% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "SUP.L", "momentum_1y_return": -0.0565, "momentum_3m_return": 0.1654, "momentum_52w_position": 0.4259 }, { "rank": 751, "ticker": "8435.TWO", "company": "Zimmite Taiwan", "theme": "Semicap, Specialty Materials, Industrials", "source": "B2 #8", "batch": 2, "source_rank": 8, "base_moic": 1.25, "bull_moic": 1.6, "why": "Quality water-treatment niche with dividend, moderate torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 751, "clean_score": 0.26, "clean_score_pre_accounting_cash_overlay": 1.17, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.11, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-23% 1Y, 24% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "8435.TWO", "momentum_1y_return": -0.2335, "momentum_3m_return": -0.0228, "momentum_52w_position": 0.2385 }, { "rank": 752, "ticker": "12J0.F / LAT.PA", "company": "Latecoere", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #3", "batch": 54, "source_rank": 3, "base_moic": 2.3, "bull_moic": 6, "why": "Highest live raw aerospace torque, but debt/dilution/refinancing/penny-stock impairment risk dominates.", "clean_score": 0.26, "overall_rank": 752, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.27, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "France", "clean_score_pre_momentum_overlay": 1.11, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-30% 1Y, 14% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.3x/6.0x.", "momentum_source": "yahoo", "momentum_symbol": "12J0.F", "momentum_1y_return": -0.299, "momentum_3m_return": -0.6, "momentum_52w_position": 0.14 }, { "rank": 753, "ticker": "RDC.DE / SHPPF", "company": "Redcare Pharmacy", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #12", "batch": 52, "source_rank": 12, "base_moic": 1.51, "bull_moic": 2.26, "why": "Secular eRx growth with revenue/EBITDA acceleration; less obscure and not deep value.", "clean_score": 0.242, "overall_rank": 753, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.092, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.092, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-64% 1Y, 16% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "RDC.DE", "momentum_1y_return": -0.6394, "momentum_3m_return": 0.2344, "momentum_52w_position": 0.1588 }, { "rank": 754, "ticker": "XOS", "company": "Xos", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #5", "batch": 53, "source_rank": 5, "base_moic": 2.2, "bull_moic": 3.85, "why": "Turnaround torque with gross-margin improvement; dilution/solvency risk if unit growth stalls.", "clean_score": 0.236, "overall_rank": 754, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.216, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 1.086, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-38% 1Y, 22% of 52-week range). Cash-flow or asset support helps. Base/bull case: 2.2x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "XOS", "momentum_1y_return": -0.3763, "momentum_3m_return": 0.0558, "momentum_52w_position": 0.2166 }, { "rank": 755, "ticker": "9214.T", "company": "Recovery International", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #18", "batch": 46, "source_rank": 18, "base_moic": 1.4, "bull_moic": 1.9, "why": "Aging/home-nursing tailwind, but thin profit and tiny liquidity.", "clean_score": 0.234, "overall_rank": 755, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.844, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 1.084, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-7% 1Y, 0% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "9214.T", "momentum_1y_return": -0.0725, "momentum_3m_return": -0.0917, "momentum_52w_position": 0 }, { "rank": 756, "ticker": "096240.KQ", "company": "Creverse", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #16", "batch": 26, "source_rank": 16, "base_moic": 1.23, "bull_moic": 1.58, "why": "Dividend/asset-value education setup.", "tier": "C - Monitor / Lower Priority", "overall_rank": 756, "clean_score": 0.233, "clean_score_pre_accounting_cash_overlay": 0.983, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.083, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-32% 1Y, 0% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "096240.KQ", "momentum_1y_return": -0.3173, "momentum_3m_return": -0.1466, "momentum_52w_position": 0 }, { "rank": 757, "ticker": "7049.T", "company": "Shikigaku", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #4", "batch": 44, "source_rank": 4, "base_moic": 1.43, "bull_moic": 2.24, "why": "Japan small-cap sales/profit growth; some investment-gain distortion.", "clean_score": 0.232, "overall_rank": 757, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.082, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 1.082, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-2% 1Y, 18% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "7049.T", "momentum_1y_return": -0.0173, "momentum_3m_return": 0.0284, "momentum_52w_position": 0.1846 }, { "rank": 758, "ticker": "BP2A.F / DOMH", "company": "Dominari Holdings", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #5", "batch": 49, "source_rank": 5, "base_moic": 2.2, "bull_moic": 4.3, "why": "Enormous underwriting-revenue torque, but still loss-making and episodic.", "clean_score": 0.23, "overall_rank": 758, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.08, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 1.08, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-47% 1Y, 8% of 52-week range). No major accounting flag is shown. Base/bull case: 2.2x/4.3x.", "momentum_source": "yahoo", "momentum_symbol": "BP2A.F", "momentum_1y_return": -0.4741, "momentum_3m_return": -0.0102, "momentum_52w_position": 0.0757 }, { "rank": 759, "ticker": "ARBNZ.XC / ARBN.SW", "company": "Arbonia", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #12", "batch": 54, "source_rank": 12, "base_moic": 1.4, "bull_moic": 2, "why": "Strategic doors refocus after climate sale, cleaner but moderate upside.", "clean_score": 0.23, "overall_rank": 759, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.08, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Switzerland", "clean_score_pre_momentum_overlay": 1.08, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-33% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "ARBNZ.XC", "momentum_1y_return": -0.3295, "momentum_3m_return": -0.0217, "momentum_52w_position": 0.0502 }, { "rank": 760, "ticker": "ASUNTO.HE / H57.F", "company": "Asuntosalkku", "theme": "Medtech, Consumer Turnarounds, Real Estate", "source": "B8 #9", "batch": 8, "source_rank": 9, "base_moic": 1.24, "bull_moic": 1.5, "why": "NAV-discount value, slower and rate-sensitive.", "tier": "C - Monitor / Lower Priority", "overall_rank": 760, "clean_score": 0.224, "clean_score_pre_accounting_cash_overlay": 0.834, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 1.074, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-9% 1Y, 0% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "ASUNTO.HE", "momentum_1y_return": -0.0875, "momentum_3m_return": -0.0875, "momentum_52w_position": 0 }, { "rank": 761, "ticker": "BC.PS", "company": "Benguet", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #21", "batch": 39, "source_rank": 21, "base_moic": 1.29, "bull_moic": 1.82, "why": "Mining/gold torque with governance/disclosure risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 761, "clean_score": 0.223, "clean_score_pre_accounting_cash_overlay": 0.483, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.303, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. Accounting/disclosure risk trims the score. Base/bull case: 1.3x/1.8x.", "momentum_source": "fallback" }, { "rank": 762, "ticker": "MYGN", "company": "Myriad Genetics", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #5", "batch": 11, "source_rank": 5, "base_moic": 1.97, "bull_moic": 3.15, "why": "Busted diagnostics platform at low sales multiple with cash and MRD/GeneSight upside, but still burning cash.", "tier": "C - Monitor / Lower Priority", "overall_rank": 762, "clean_score": 0.221, "clean_score_pre_accounting_cash_overlay": 1.071, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.071, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-6% 1Y, 6% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "MYGN", "momentum_1y_return": -0.0639, "momentum_3m_return": -0.1789, "momentum_52w_position": 0.0562 }, { "rank": 763, "ticker": "2587.HK", "company": "HealthyWay", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #5", "batch": 7, "source_rank": 5, "base_moic": 1.53, "bull_moic": 2.54, "why": "AI healthcare plus growth, but valuation/volatility high.", "tier": "C - Monitor / Lower Priority", "overall_rank": 763, "clean_score": 0.22, "clean_score_pre_accounting_cash_overlay": 1.07, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.07, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-88% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "2587.HK", "momentum_1y_return": -0.8783, "momentum_3m_return": -0.2084, "momentum_52w_position": 0.0007 }, { "rank": 764, "ticker": "CNDT", "company": "Conduent", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #1", "batch": 11, "source_rank": 1, "base_moic": 1.97, "bull_moic": 3.95, "why": "Best leveraged deep-value torque; ugly top line, but FY26 EBITDA guide is large relative to equity value.", "tier": "C - Monitor / Lower Priority", "overall_rank": 764, "clean_score": 0.219, "clean_score_pre_accounting_cash_overlay": 1.229, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.069, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-32% 1Y, 20% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "CNDT", "momentum_1y_return": -0.3244, "momentum_3m_return": 0.3103, "momentum_52w_position": 0.2 }, { "rank": 765, "ticker": "DAL.MI", "company": "Datalogic", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #8", "batch": 26, "source_rank": 8, "base_moic": 1.56, "bull_moic": 2.16, "why": "Industrial automation/scanning trough.", "tier": "C - Monitor / Lower Priority", "overall_rank": 765, "clean_score": 0.216, "clean_score_pre_accounting_cash_overlay": 1.066, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Italy", "clean_score_pre_momentum_overlay": 1.066, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-9% 1Y, 24% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "DAL.MI", "momentum_1y_return": -0.0889, "momentum_3m_return": 0.1185, "momentum_52w_position": 0.235 }, { "rank": 766, "ticker": "167A.T", "company": "Ryoyo Ryosan", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #15", "batch": 36, "source_rank": 15, "base_moic": 1.2, "bull_moic": 1.54, "why": "Better income/value than torque; electronics distribution plus dividend support.", "tier": "C - Monitor / Lower Priority", "overall_rank": 766, "clean_score": 0.212, "clean_score_pre_accounting_cash_overlay": 0.962, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 1.062, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (9% 1Y, 22% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "167A.T", "momentum_1y_return": 0.0911, "momentum_3m_return": -0.1562, "momentum_52w_position": 0.2189 }, { "rank": 767, "ticker": "173940.KQ", "company": "FNC Entertainment", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #28", "batch": 41, "source_rank": 28, "base_moic": 1.1, "bull_moic": 1.5, "why": "K-pop optionality, widened losses.", "clean_score": 0.21, "overall_rank": 767, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.21, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.21, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-4% 1Y, 31% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "173940.KQ", "momentum_1y_return": -0.0416, "momentum_3m_return": -0.053, "momentum_52w_position": 0.314 }, { "rank": 768, "ticker": "4512.T", "company": "Wakamoto Pharma", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #6", "batch": 16, "source_rank": 6, "base_moic": 1.53, "bull_moic": 2.37, "why": "Activist/unlock case below adjusted book.", "tier": "C - Monitor / Lower Priority", "overall_rank": 768, "clean_score": 0.21, "clean_score_pre_accounting_cash_overlay": 1.06, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 1.06, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-4% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "4512.T", "momentum_1y_return": -0.0441, "momentum_3m_return": -0.192, "momentum_52w_position": 0.0989 }, { "rank": 769, "ticker": "688606.SS", "company": "Alltest Biotech", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #28", "batch": 46, "source_rank": 28, "base_moic": 1.2, "bull_moic": 1.5, "why": "Profitable diagnostics name, but post-COVID normalization leaves weak torque.", "clean_score": 0.21, "overall_rank": 769, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.96, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 1.06, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-21% 1Y, 0% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "688606.SS", "momentum_1y_return": -0.2074, "momentum_3m_return": -0.2181, "momentum_52w_position": 0 }, { "rank": 770, "ticker": "EMD.AX", "company": "Emyria", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #7", "batch": 10, "source_rank": 7, "base_moic": 1.41, "bull_moic": 3.08, "why": "Thematic microcap option, weak evidence and dilution.", "tier": "C - Monitor / Lower Priority", "overall_rank": 770, "clean_score": 0.201, "clean_score_pre_accounting_cash_overlay": 0.361, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Australia", "clean_score_pre_momentum_overlay": 0.201, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (21% 1Y, 33% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "EMD.AX", "momentum_1y_return": 0.2121, "momentum_3m_return": -0.0698, "momentum_52w_position": 0.3333 }, { "rank": 771, "ticker": "1686.HK", "company": "SUNeVision", "theme": "Technology & Digital / Data Centers", "source": "B58 #26", "batch": 58, "source_rank": 26, "base_moic": 0.99, "bull_moic": 1.22, "why": "Best thematic data-center asset in list, but already rerated and not deep value.", "clean_score": 0.2, "clean_score_pre_accounting_cash_overlay": 0.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #26", "overall_rank": 771, "tier": "C - Monitor / Lower Priority", "sector": "Technology & Digital", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.2, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-3% 1Y, 45% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "1686.HK", "momentum_1y_return": -0.0281, "momentum_3m_return": 0.0383, "momentum_52w_position": 0.4474 }, { "rank": 772, "ticker": "EGNETY.CO", "company": "EgnsINVEST Ejd. Tyskland", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #20", "batch": 41, "source_rank": 20, "base_moic": 1.2, "bull_moic": 1.5, "why": "German property NAV/rate recovery, modest.", "clean_score": 0.2, "overall_rank": 772, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.81, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Denmark", "clean_score_pre_momentum_overlay": 1.05, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-13% 1Y, 6% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "EGNETY.CO", "momentum_1y_return": -0.128, "momentum_3m_return": -0.0272, "momentum_52w_position": 0.06 }, { "ticker": "BSS.MI", "company": "Biesse", "theme": "Italian Machinery, Cyclical Recovery", "source": "B61 #12", "batch": 61, "source_rank": 12, "base_moic": 1.46, "bull_moic": 2.23, "why": "Machinery recovery option, but Q1 revenue was down and losses persisted, so the plan has to carry the thesis.", "rank": 773, "clean_score_pre_accounting_cash_overlay": 1.05, "sector": "Industrials & Aerospace", "country": "Italy", "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.2, "overall_rank": 773, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 1.05, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-29% 1Y, 8% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "BSS.MI", "momentum_1y_return": -0.2926, "momentum_3m_return": 0.0178, "momentum_52w_position": 0.0771 }, { "rank": 774, "ticker": "CCEL", "company": "Cryo-Cell International", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #16", "batch": 47, "source_rank": 16, "base_moic": 1.5, "bull_moic": 2.44, "why": "Stable cord-blood platform near breakeven; low growth.", "clean_score": 0.196, "overall_rank": 774, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.046, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.046, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-28% 1Y, 23% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "CCEL", "momentum_1y_return": -0.2804, "momentum_3m_return": 0.1258, "momentum_52w_position": 0.2317 }, { "rank": 775, "ticker": "PMI.L", "company": "Premier Miton", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #21", "batch": 40, "source_rank": 21, "base_moic": 1.5, "bull_moic": 2.2, "why": "Cheap UK asset manager, needs AUM stabilization.", "clean_score": 0.182, "overall_rank": 775, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.032, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.032, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-39% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "PMI.L", "momentum_1y_return": -0.3875, "momentum_3m_return": -0.16, "momentum_52w_position": 0.0123 }, { "rank": 776, "ticker": "MCG.L", "company": "Mobico", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #2", "batch": 17, "source_rank": 2, "base_moic": 2.9, "bull_moic": 5.7, "why": "Best real-business tiny equity stub; debt risk, operating leverage torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 776, "clean_score": 0.18, "clean_score_pre_accounting_cash_overlay": 1.19, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.03, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-24% 1Y, 19% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.9x/5.7x.", "momentum_source": "yahoo", "momentum_symbol": "MCG.L", "momentum_1y_return": -0.2421, "momentum_3m_return": 0.0725, "momentum_52w_position": 0.1945 }, { "rank": 777, "ticker": "9922.HK / JIUMF", "company": "Jiumaojiu", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #5", "batch": 41, "source_rank": 5, "base_moic": 1.7, "bull_moic": 2.8, "why": "Discarded China restaurant recovery near lows; needs SSS stabilization.", "clean_score": 0.178, "overall_rank": 777, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.028, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 1.028, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-38% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "9922.HK", "momentum_1y_return": -0.375, "momentum_3m_return": -0.1667, "momentum_52w_position": 0 }, { "rank": 778, "ticker": "9262.T", "company": "Silver Life", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #9", "batch": 41, "source_rank": 9, "base_moic": 1.5, "bull_moic": 2.1, "why": "Demographic meal-delivery tailwind, better quality.", "clean_score": 0.176, "overall_rank": 778, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.026, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Japan", "clean_score_pre_momentum_overlay": 1.026, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (1% 1Y, 11% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "9262.T", "momentum_1y_return": 0.0123, "momentum_3m_return": -0.1661, "momentum_52w_position": 0.1122 }, { "rank": 779, "ticker": "6583.TWO", "company": "JTV / Yoosonn", "theme": "Medtech, Consumer Turnarounds, Real Estate", "source": "B8 #3", "batch": 8, "source_rank": 3, "base_moic": 1.43, "bull_moic": 2.78, "why": "High torque only if corrected microcap market cap is right.", "tier": "C - Monitor / Lower Priority", "overall_rank": 779, "clean_score": 0.175, "clean_score_pre_accounting_cash_overlay": 1.025, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.025, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-33% 1Y, 16% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "6583.TWO", "momentum_1y_return": -0.327, "momentum_3m_return": 0.0873, "momentum_52w_position": 0.1569 }, { "rank": 780, "ticker": "GREEN.ST", "company": "Green Landscaping", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #9", "batch": 6, "source_rank": 9, "base_moic": 1.5, "bull_moic": 2.03, "why": "Better business quality, lower deep-value torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 780, "clean_score": 0.172, "clean_score_pre_accounting_cash_overlay": 1.022, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Sweden", "clean_score_pre_momentum_overlay": 1.022, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-44% 1Y, 8% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "GREEN.ST", "momentum_1y_return": -0.4407, "momentum_3m_return": -0.1698, "momentum_52w_position": 0.0784 }, { "rank": 781, "ticker": "050860.KQ", "company": "Asia Technology", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #2", "batch": 20, "source_rank": 2, "base_moic": 1.61, "bull_moic": 2.5, "why": "Ignored Korean small cap with low sales multiple and possible cleanup/cycle turn.", "tier": "C - Monitor / Lower Priority", "overall_rank": 781, "clean_score": 0.166, "clean_score_pre_accounting_cash_overlay": 1.016, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 1.016, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-8% 1Y, 7% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "050860.KQ", "momentum_1y_return": -0.079, "momentum_3m_return": -0.0421, "momentum_52w_position": 0.0659 }, { "rank": 782, "ticker": "SWTQ.SW", "company": "Schweiter", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #28", "batch": 39, "source_rank": 28, "base_moic": 1.23, "bull_moic": 1.63, "why": "Low P/B Swiss composites with cash generation, but weak demand and limited rerating.", "tier": "C - Monitor / Lower Priority", "overall_rank": 782, "clean_score": 0.166, "clean_score_pre_accounting_cash_overlay": 0.916, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Switzerland", "clean_score_pre_momentum_overlay": 1.016, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-32% 1Y, 21% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "SWTQ.SW", "momentum_1y_return": -0.316, "momentum_3m_return": 0.0575, "momentum_52w_position": 0.2066 }, { "rank": 783, "ticker": "NEXS.L", "company": "Nexus Infrastructure", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #5", "batch": 23, "source_rank": 5, "base_moic": 1.44, "bull_moic": 2.52, "why": "Microcap turnaround with cash/order book.", "tier": "C - Monitor / Lower Priority", "overall_rank": 783, "clean_score": 0.165, "clean_score_pre_accounting_cash_overlay": 1.015, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 1.015, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-32% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "NEXS.L", "momentum_1y_return": -0.3169, "momentum_3m_return": -0.039, "momentum_52w_position": 0.0182 }, { "rank": 784, "ticker": "QDEL", "company": "QuidelOrtho", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #2", "batch": 7, "source_rank": 2, "base_moic": 2.02, "bull_moic": 3.53, "why": "Most levered equity torque, but debt makes it fragile.", "tier": "C - Monitor / Lower Priority", "overall_rank": 784, "clean_score": 0.164, "clean_score_pre_accounting_cash_overlay": 1.174, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 1.014, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-60% 1Y, 8% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "QDEL", "momentum_1y_return": -0.5974, "momentum_3m_return": -0.3006, "momentum_52w_position": 0.0767 }, { "rank": 785, "ticker": "2102.TW", "company": "Federal Corp", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #23", "batch": 16, "source_rank": 23, "base_moic": 1.33, "bull_moic": 1.93, "why": "Optically cheap; earnings quality concern.", "tier": "C - Monitor / Lower Priority", "overall_rank": 785, "clean_score": 0.164, "clean_score_pre_accounting_cash_overlay": 1.014, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.014, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-12% 1Y, 8% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "2102.TW", "momentum_1y_return": -0.1192, "momentum_3m_return": -0.0449, "momentum_52w_position": 0.0824 }, { "rank": 786, "ticker": "6591.TW", "company": "Sun Max Tech", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #11", "batch": 38, "source_rank": 11, "base_moic": 1.35, "bull_moic": 1.73, "why": "Visible earnings inflection with strong 2025 revenue and earnings growth at modest valuation.", "tier": "C - Monitor / Lower Priority", "overall_rank": 786, "clean_score": 0.164, "clean_score_pre_accounting_cash_overlay": 1.014, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 1.014, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-31% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "6591.TW", "momentum_1y_return": -0.3125, "momentum_3m_return": -0.1619, "momentum_52w_position": 0.0316 }, { "rank": 787, "ticker": "INEO", "company": "INNEOVA / INEO", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #5", "batch": 12, "source_rank": 5, "base_moic": 1.65, "bull_moic": 2.95, "why": "Microcap pivot optionality; hydrogen/material-handling narrative plus debt/Nasdaq microcap risk.", "tier": "C - Monitor / Lower Priority", "overall_rank": 787, "clean_score": 0.157, "clean_score_pre_accounting_cash_overlay": 1.167, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United States", "clean_score_pre_momentum_overlay": 1.007, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-31% 1Y, 9% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.6x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "INEO", "momentum_1y_return": -0.3143, "momentum_3m_return": 0.1925, "momentum_52w_position": 0.0906 }, { "rank": 788, "ticker": "024910.KQ", "company": "Kyung Chang", "theme": "Software, Data, Adtech, Services", "source": "B22 #18", "batch": 22, "source_rank": 18, "base_moic": 0.9, "bull_moic": 1.6, "why": "Auto supplier leverage with weak earnings.", "tier": "C - Monitor / Lower Priority", "overall_rank": 788, "clean_score": 0.156, "clean_score_pre_accounting_cash_overlay": 0.316, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.156, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (12% 1Y, 40% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 0.9x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "024910.KQ", "momentum_1y_return": 0.1239, "momentum_3m_return": 0.0704, "momentum_52w_position": 0.3956 }, { "rank": 789, "ticker": "B49.SI", "company": "World Precision", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #27", "batch": 51, "source_rank": 27, "base_moic": 1.22, "bull_moic": 2.03, "why": "Statistically cheap, but revenue down and losses widened.", "clean_score": 0.154, "overall_rank": 789, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.154, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.154, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-18% 1Y, 28% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "B49.SI", "momentum_1y_return": -0.1823, "momentum_3m_return": -0.0263, "momentum_52w_position": 0.2787 }, { "rank": 790, "ticker": "TA:PRIM", "company": "Prime Energy", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #22", "batch": 50, "source_rank": 22, "base_moic": 0.79, "bull_moic": 1.31, "why": "Solar pipeline theme but valuation too aggressive and losses persist.", "clean_score": 0.153, "overall_rank": 790, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.233, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.233, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 0.8x/1.3x.", "momentum_source": "fallback" }, { "rank": 791, "ticker": "5152.KL", "company": "Muar Ban Lee Group", "theme": "Industrials & Aerospace / Machinery, Malaysian Microcaps", "source": "B59 #8", "batch": 59, "source_rank": 8, "base_moic": 1.59, "bull_moic": 2.51, "why": "Cheap industrial microcap with FY2025 revenue growth but weaker margin/net income quality.", "clean_score": 0.15, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #8", "overall_rank": 791, "tier": "C - Monitor / Lower Priority", "sector": "Industrials & Aerospace", "country": "Malaysia", "clean_score_pre_momentum_overlay": 1, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-19% 1Y, 16% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "5152.KL", "momentum_1y_return": -0.1923, "momentum_3m_return": 0.0161, "momentum_52w_position": 0.1579 }, { "rank": 792, "ticker": "ONTEX.BR / ONXYY", "company": "Ontex", "theme": "Medtech, Consumer Turnarounds, Real Estate", "source": "B8 #6", "batch": 8, "source_rank": 6, "base_moic": 1.64, "bull_moic": 2.92, "why": "Cheap, levered recovery trade.", "tier": "C - Monitor / Lower Priority", "overall_rank": 792, "clean_score": 0.149, "clean_score_pre_accounting_cash_overlay": 1.159, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Belgium", "clean_score_pre_momentum_overlay": 0.999, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-64% 1Y, 2% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.6x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "ONTEX.BR", "momentum_1y_return": -0.6414, "momentum_3m_return": -0.3209, "momentum_52w_position": 0.0208 }, { "rank": 793, "ticker": "STVG.L", "company": "STV Group", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #5", "batch": 18, "source_rank": 5, "base_moic": 1.64, "bull_moic": 2.9, "why": "Deeply unloved media cyclical.", "tier": "C - Monitor / Lower Priority", "overall_rank": 793, "clean_score": 0.148, "clean_score_pre_accounting_cash_overlay": 0.998, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.998, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-36% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "STVG.L", "momentum_1y_return": -0.3611, "momentum_3m_return": -0.0143, "momentum_52w_position": 0.0462 }, { "rank": 794, "ticker": "CRN.AX / CODQL", "company": "Coronado Global Resources", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #7", "batch": 51, "source_rank": 7, "base_moic": 1.59, "bull_moic": 2.73, "why": "Met coal rebound option with liquidity/cost/impairment risk.", "clean_score": 0.148, "overall_rank": 794, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.758, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Energy & Utilities", "country": "Australia", "clean_score_pre_momentum_overlay": 0.998, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (53% 1Y, 30% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "CRN.AX", "momentum_1y_return": 0.531, "momentum_3m_return": -0.2345, "momentum_52w_position": 0.3039 }, { "rank": 795, "ticker": "2160.T", "company": "GNI Group", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #7", "batch": 11, "source_rank": 7, "base_moic": 1.21, "bull_moic": 1.86, "why": "Drug/regulatory optionality, but complex and not statistically cheap while loss-making.", "tier": "C - Monitor / Lower Priority", "overall_rank": 795, "clean_score": 0.138, "clean_score_pre_accounting_cash_overlay": 0.138, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.138, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (15% 1Y, 29% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "2160.T", "momentum_1y_return": 0.1524, "momentum_3m_return": 0.0056, "momentum_52w_position": 0.2922 }, { "rank": 796, "ticker": "WRLG.V", "company": "West Red Lake Gold", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #1", "batch": 52, "source_rank": 1, "base_moic": 1.82, "bull_moic": 3.03, "why": "Highest ramp torque: Madsen commercial production and high gold tape, but mine-ramp execution and dilution risk remain.", "clean_score": 0.138, "overall_rank": 796, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.148, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 0.988, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-16% 1Y, 3% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "WRLG.V", "momentum_1y_return": -0.1625, "momentum_3m_return": -0.3738, "momentum_52w_position": 0.0267 }, { "rank": 797, "ticker": "BSSR.JK", "company": "Baramulti Suksessarana", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #23", "batch": 37, "source_rank": 23, "base_moic": 1.2, "bull_moic": 1.45, "why": "Dividend coal name; profit drop and coal cyclicality cap rank.", "tier": "C - Monitor / Lower Priority", "overall_rank": 797, "clean_score": 0.137, "clean_score_pre_accounting_cash_overlay": 0.887, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Indonesia", "clean_score_pre_momentum_overlay": 0.987, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-11% 1Y, 5% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "BSSR.JK", "momentum_1y_return": -0.1119, "momentum_3m_return": -0.0226, "momentum_52w_position": 0.0526 }, { "rank": 798, "ticker": "9261.KL", "company": "Gadang", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #6", "batch": 23, "source_rank": 6, "base_moic": 1.58, "bull_moic": 2.63, "why": "Cheap balance sheet, weak current operations.", "tier": "C - Monitor / Lower Priority", "overall_rank": 798, "clean_score": 0.136, "clean_score_pre_accounting_cash_overlay": 0.986, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.986, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-27% 1Y, 24% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "9261.KL", "momentum_1y_return": -0.2692, "momentum_3m_return": -0.0256, "momentum_52w_position": 0.2432 }, { "rank": 799, "ticker": "AFISH.OL", "company": "Arctic Fish", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #21", "batch": 30, "source_rank": 21, "base_moic": 1.4, "bull_moic": 2.4, "why": "Salmon aquaculture recovery/strategic-holder angle.", "tier": "C - Monitor / Lower Priority", "overall_rank": 799, "clean_score": 0.134, "clean_score_pre_accounting_cash_overlay": 0.984, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Norway", "clean_score_pre_momentum_overlay": 0.984, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-47% 1Y, 20% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "AFISH.OL", "momentum_1y_return": -0.4667, "momentum_3m_return": 0.0496, "momentum_52w_position": 0.2031 }, { "rank": 800, "ticker": "133750.KQ", "company": "MegaMD", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #11", "batch": 26, "source_rank": 11, "base_moic": 1.43, "bull_moic": 2.09, "why": "Cheap education/exam-prep cash-flow stock.", "tier": "C - Monitor / Lower Priority", "overall_rank": 800, "clean_score": 0.133, "clean_score_pre_accounting_cash_overlay": 0.983, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.983, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-23% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "133750.KQ", "momentum_1y_return": -0.228, "momentum_3m_return": -0.0968, "momentum_52w_position": 0.0346 }, { "rank": 801, "ticker": "NATPLY.BO", "company": "National Plywood", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #22", "batch": 36, "source_rank": 22, "base_moic": 1.17, "bull_moic": 2.68, "why": "Nano-cap distress; restructuring/revival bull case, but negative earnings/book value.", "tier": "C - Monitor / Lower Priority", "overall_rank": 801, "clean_score": 0.133, "clean_score_pre_accounting_cash_overlay": 0.743, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.983, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-33% 1Y, 28% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "NATPLY.BO", "momentum_1y_return": -0.3257, "momentum_3m_return": -0.4494, "momentum_52w_position": 0.2763 }, { "rank": 802, "ticker": "605009.SS", "company": "Hangzhou Haoyue", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #7", "batch": 7, "source_rank": 7, "base_moic": 1.44, "bull_moic": 1.97, "why": "Lower-risk compounder, less explosive.", "tier": "C - Monitor / Lower Priority", "overall_rank": 802, "clean_score": 0.132, "clean_score_pre_accounting_cash_overlay": 0.982, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 0.982, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-43% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "605009.SS", "momentum_1y_return": -0.4284, "momentum_3m_return": -0.09, "momentum_52w_position": 0.0048 }, { "rank": 803, "ticker": "MARP.MI", "company": "Marzocchi Pompe", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #16", "batch": 6, "source_rank": 16, "base_moic": 1.4, "bull_moic": 2.34, "why": "Small industrial recovery, but not cheap enough on current results.", "tier": "C - Monitor / Lower Priority", "overall_rank": 803, "clean_score": 0.13, "clean_score_pre_accounting_cash_overlay": 0.98, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Italy", "clean_score_pre_momentum_overlay": 0.98, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-12% 1Y, 17% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "MARP.MI", "momentum_1y_return": -0.12, "momentum_3m_return": 0.0377, "momentum_52w_position": 0.1667 }, { "rank": 804, "ticker": "1951.HK", "company": "Jinxin Fertility", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #9", "batch": 7, "source_rank": 9, "base_moic": 1.42, "bull_moic": 2.08, "why": "Recovery/cash-flow setup, sector headwinds remain.", "tier": "C - Monitor / Lower Priority", "overall_rank": 804, "clean_score": 0.127, "clean_score_pre_accounting_cash_overlay": 0.977, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.977, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-20% 1Y, 12% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "1951.HK", "momentum_1y_return": -0.2014, "momentum_3m_return": 0.0268, "momentum_52w_position": 0.1231 }, { "rank": 805, "ticker": "148250.KQ", "company": "RN2 Technologies", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #5", "batch": 20, "source_rank": 5, "base_moic": 1.56, "bull_moic": 2.65, "why": "Component/materials turnaround with trading torque, weak current margins.", "tier": "C - Monitor / Lower Priority", "overall_rank": 805, "clean_score": 0.125, "clean_score_pre_accounting_cash_overlay": 0.975, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.975, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-59% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "148250.KQ", "momentum_1y_return": -0.5926, "momentum_3m_return": -0.0847, "momentum_52w_position": 0.0889 }, { "rank": 806, "ticker": "IFP.TO", "company": "Interfor", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #4", "batch": 48, "source_rank": 4, "base_moic": 1.75, "bull_moic": 2.74, "why": "Cyclical lumber torque with asset backing and EBITDA improvement; net debt constrains.", "clean_score": 0.125, "overall_rank": 806, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.135, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 0.975, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-29% 1Y, 30% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "IFP.TO", "momentum_1y_return": -0.2931, "momentum_3m_return": 0.0628, "momentum_52w_position": 0.3029 }, { "rank": 807, "ticker": "438A.T", "company": "Infcurion", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #18", "batch": 16, "source_rank": 18, "base_moic": 1.41, "bull_moic": 2.12, "why": "Quality growth, less deep value.", "tier": "C - Monitor / Lower Priority", "overall_rank": 807, "clean_score": 0.123, "clean_score_pre_accounting_cash_overlay": 0.973, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.973, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-40% 1Y, 15% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "438A.T", "momentum_1y_return": -0.4025, "momentum_3m_return": 0.1348, "momentum_52w_position": 0.154 }, { "rank": 808, "ticker": "FLO.L", "company": "Flowtech Fluidpower", "theme": "Software, Data, Adtech, Services", "source": "B22 #8", "batch": 22, "source_rank": 8, "base_moic": 1.4, "bull_moic": 2.2, "why": "Small UK industrial turnaround.", "tier": "C - Monitor / Lower Priority", "overall_rank": 808, "clean_score": 0.122, "clean_score_pre_accounting_cash_overlay": 0.972, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.972, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-27% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "FLO.L", "momentum_1y_return": -0.2742, "momentum_3m_return": -0.0217, "momentum_52w_position": 0.0896 }, { "rank": 809, "ticker": "5102.KL", "company": "Guan Chong", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #6", "batch": 6, "source_rank": 6, "base_moic": 1.42, "bull_moic": 1.99, "why": "Cocoa margin-recovery setup.", "tier": "C - Monitor / Lower Priority", "overall_rank": 809, "clean_score": 0.121, "clean_score_pre_accounting_cash_overlay": 0.971, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.971, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-45% 1Y, 23% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "5102.KL", "momentum_1y_return": -0.4526, "momentum_3m_return": 0.1364, "momentum_52w_position": 0.2332 }, { "rank": 810, "ticker": "ENY.MI", "company": "Energy S.p.A.", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #11", "batch": 59, "source_rank": 11, "base_moic": 1.79, "bull_moic": 3.51, "why": "Battery/storage theme torque, but EPS negative and cash burn/backlog/debt covenants need diligence.", "clean_score": 0.12, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #11", "overall_rank": 810, "tier": "C - Monitor / Lower Priority", "sector": "Energy & Utilities", "country": "Italy", "clean_score_pre_momentum_overlay": 0.12, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-9% 1Y, 45% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.8x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "ENY.MI", "momentum_1y_return": -0.0925, "momentum_3m_return": 0.1902, "momentum_52w_position": 0.4486 }, { "rank": 811, "ticker": "NCN1T.TL", "company": "Nordecon", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #11", "batch": 23, "source_rank": 11, "base_moic": 1.27, "bull_moic": 1.95, "why": "Construction turnaround, profitability still thin.", "tier": "C - Monitor / Lower Priority", "overall_rank": 811, "clean_score": 0.119, "clean_score_pre_accounting_cash_overlay": 0.969, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.969, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-26% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "NCN1T.TL", "momentum_1y_return": -0.2558, "momentum_3m_return": -0.0835, "momentum_52w_position": 0.0099 }, { "rank": 812, "ticker": "MYX:TOYOVEN", "company": "Toyo Ventures", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #23", "batch": 50, "source_rank": 23, "base_moic": 0.88, "bull_moic": 2, "why": "Song Hau 2 termination impairs thesis; speculative only.", "clean_score": 0.118, "overall_rank": 812, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.198, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.198, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Falls into monitor / lower priority: data-limited momentum gets only neutral credit. No major accounting flag is shown. Base/bull case: 0.9x/2.0x.", "momentum_source": "fallback" }, { "rank": 813, "ticker": "PSFE", "company": "Paysafe", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #3", "batch": 42, "source_rank": 3, "base_moic": 1.69, "bull_moic": 2.68, "why": "Levered payments EBITDA/deleveraging torque; $2.2B net debt is key risk.", "clean_score": 0.114, "overall_rank": 813, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 1.124, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.964, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-40% 1Y, 12% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "PSFE", "momentum_1y_return": -0.3966, "momentum_3m_return": 0.0158, "momentum_52w_position": 0.1246 }, { "rank": 814, "ticker": "RWT", "company": "Redwood Trust", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #6", "batch": 45, "source_rank": 6, "base_moic": 1.55, "bull_moic": 2.2, "why": "Discount-to-book mortgage-cycle torque, funding/spread risk.", "clean_score": 0.112, "overall_rank": 814, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.962, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.962, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-4% 1Y, 17% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "RWT", "momentum_1y_return": -0.0417, "momentum_3m_return": -0.0957, "momentum_52w_position": 0.1677 }, { "rank": 815, "ticker": "3948.KL", "company": "DutaLand", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #27", "batch": 58, "source_rank": 27, "base_moic": 1.27, "bull_moic": 2, "why": "Asset optionality but Q3 FY26 and FY25 losses lower quality.", "clean_score": 0.1, "clean_score_pre_accounting_cash_overlay": -0.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #27", "overall_rank": 815, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": -0.2, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Falls into monitor / lower priority: positive momentum gives it credit (7% 1Y, 73% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "3948.KL", "momentum_1y_return": 0.0714, "momentum_3m_return": 0.0345, "momentum_52w_position": 0.7273 }, { "rank": 816, "ticker": "SGF.MI", "company": "Sogefi", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #6", "batch": 28, "source_rank": 6, "base_moic": 1.6, "bull_moic": 2.2, "why": "Cleaner non-resource value: Q1 EBITDA/FCF and low net debt support rerating.", "tier": "C - Monitor / Lower Priority", "overall_rank": 816, "clean_score": 0.098, "clean_score_pre_accounting_cash_overlay": 1.108, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Italy", "clean_score_pre_momentum_overlay": 0.948, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-8% 1Y, 16% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.6x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "SGF.MI", "momentum_1y_return": -0.0757, "momentum_3m_return": 0.1376, "momentum_52w_position": 0.1629 }, { "rank": 817, "ticker": "AKR-R.BK", "company": "Ekarat Engineering", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #4", "batch": 36, "source_rank": 4, "base_moic": 1.37, "bull_moic": 2.08, "why": "Cheap Thai transformer/electrical equipment exposure with grid/electrification torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 817, "clean_score": 0.097, "clean_score_pre_accounting_cash_overlay": 0.947, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.947, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-15% 1Y, 12% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "AKR-R.BK", "momentum_1y_return": -0.1485, "momentum_3m_return": -0.0549, "momentum_52w_position": 0.1176 }, { "rank": 818, "ticker": "S30.PA", "company": "Solutions 30", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #2", "batch": 38, "source_rank": 2, "base_moic": 1.69, "bull_moic": 2.57, "why": "Deeply distressed valuation versus EBITDA, with governance scars and weak interest cover.", "tier": "C - Monitor / Lower Priority", "overall_rank": 818, "clean_score": 0.094, "clean_score_pre_accounting_cash_overlay": 1.124, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "France", "clean_score_pre_momentum_overlay": 0.944, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-55% 1Y, 11% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.7x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "S30.PA", "momentum_1y_return": -0.5509, "momentum_3m_return": -0.1371, "momentum_52w_position": 0.1062 }, { "rank": 819, "ticker": "452160.KQ", "company": "JNB", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #16", "batch": 12, "source_rank": 16, "base_moic": 1.34, "bull_moic": 2.27, "why": "Semi/vacuum-parts optionality, but fundamentals thin.", "tier": "C - Monitor / Lower Priority", "overall_rank": 819, "clean_score": 0.09, "clean_score_pre_accounting_cash_overlay": 0.94, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.94, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-6% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "452160.KQ", "momentum_1y_return": -0.0587, "momentum_3m_return": -0.1412, "momentum_52w_position": 0.0268 }, { "rank": 820, "ticker": "29M.AX / TWNMF", "company": "29Metals", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #2", "batch": 52, "source_rank": 2, "base_moic": 1.8, "bull_moic": 3.2, "why": "Copper torque plus repaired balance sheet; costs and project timing keep risk high.", "clean_score": 0.082, "overall_rank": 820, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.932, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Australia", "clean_score_pre_momentum_overlay": 0.932, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (59% 1Y, 19% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "29M.AX", "momentum_1y_return": 0.5938, "momentum_3m_return": -0.2388, "momentum_52w_position": 0.1919 }, { "rank": 821, "ticker": "0581.HK", "company": "China Oriental", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #15", "batch": 14, "source_rank": 15, "base_moic": 1.15, "bull_moic": 1.68, "why": "Cheap-looking steel cyclicality, no strong inflection.", "tier": "C - Monitor / Lower Priority", "overall_rank": 821, "clean_score": 0.081, "clean_score_pre_accounting_cash_overlay": 0.691, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Metals & Materials", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.931, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (2% 1Y, 17% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.1x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "0581.HK", "momentum_1y_return": 0.0157, "momentum_3m_return": -0.0444, "momentum_52w_position": 0.1705 }, { "rank": 822, "ticker": "STX.L / 1JS.F", "company": "Shield Therapeutics", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #6", "batch": 47, "source_rank": 6, "base_moic": 2, "bull_moic": 3.85, "why": "ACCRUFeR revenue/EBIT inflection, but thin balance sheet and pricing friction remain.", "clean_score": 0.081, "overall_rank": 822, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.931, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.931, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (171% 1Y, 42% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "STX.L", "momentum_1y_return": 1.7083, "momentum_3m_return": -0.2169, "momentum_52w_position": 0.4184 }, { "rank": 823, "ticker": "282720.KQ", "company": "Kumyang Green Power", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #8", "batch": 23, "source_rank": 8, "base_moic": 1.35, "bull_moic": 1.98, "why": "Green-power/EPC theme, less cheap.", "tier": "C - Monitor / Lower Priority", "overall_rank": 823, "clean_score": 0.079, "clean_score_pre_accounting_cash_overlay": 0.929, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.929, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-2% 1Y, 20% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "282720.KQ", "momentum_1y_return": -0.0192, "momentum_3m_return": -0.3417, "momentum_52w_position": 0.1985 }, { "rank": 824, "ticker": "NCSM", "company": "NCS Multistage", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #5", "batch": 50, "source_rank": 5, "base_moic": 1.37, "bull_moic": 1.95, "why": "Cheap and cash-backed with Q1 EBITDA, but Q2 guide is weak.", "clean_score": 0.079, "overall_rank": 824, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.929, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.929, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (35% 1Y, 27% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "NCSM", "momentum_1y_return": 0.349, "momentum_3m_return": -0.3933, "momentum_52w_position": 0.2658 }, { "rank": 825, "ticker": "3613.HK", "company": "Beijing Tong Ren Tang Chinese Medicine", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #14", "batch": 42, "source_rank": 14, "base_moic": 1.22, "bull_moic": 1.6, "why": "Quality/yield, not torque.", "clean_score": 0.078, "overall_rank": 825, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.928, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.928, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-18% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "3613.HK", "momentum_1y_return": -0.1823, "momentum_3m_return": -0.1572, "momentum_52w_position": 0 }, { "rank": 826, "ticker": "7361.T", "company": "Human Creation Holdings", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #7", "batch": 12, "source_rank": 7, "base_moic": 1.35, "bull_moic": 1.91, "why": "Small-cap IT services grower with M&A support.", "tier": "C - Monitor / Lower Priority", "overall_rank": 826, "clean_score": 0.075, "clean_score_pre_accounting_cash_overlay": 0.925, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Japan", "clean_score_pre_momentum_overlay": 0.925, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-1% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "7361.T", "momentum_1y_return": -0.0139, "momentum_3m_return": -0.0893, "momentum_52w_position": 0.0283 }, { "rank": 827, "ticker": "BOE.AX", "company": "Boss Energy", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #29", "batch": 40, "source_rank": 29, "base_moic": 1.3, "bull_moic": 2.4, "why": "Uranium beta, but Honeymoon feasibility reset hurts trust.", "clean_score": 0.074, "overall_rank": 827, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.924, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Australia", "clean_score_pre_momentum_overlay": 0.924, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-67% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "BOE.AX", "momentum_1y_return": -0.669, "momentum_3m_return": -0.2072, "momentum_52w_position": 0.0072 }, { "rank": 828, "ticker": "4728.T", "company": "Tose", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #14", "batch": 26, "source_rank": 14, "base_moic": 1.35, "bull_moic": 1.75, "why": "Japanese game co-development turnaround.", "tier": "C - Monitor / Lower Priority", "overall_rank": 828, "clean_score": 0.065, "clean_score_pre_accounting_cash_overlay": 0.915, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.915, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (1% 1Y, 13% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "4728.T", "momentum_1y_return": 0.008, "momentum_3m_return": -0.011, "momentum_52w_position": 0.1316 }, { "rank": 829, "ticker": "HYQ / 0JVS.IL", "company": "Hypoport", "theme": "Capital Markets / Asset Managers / Banks Additions", "source": "B43 #4", "batch": 43, "source_rank": 4, "base_moic": 1.32, "bull_moic": 1.95, "why": "Cleanest operating recovery; less explosive due quality valuation.", "clean_score": 0.059, "overall_rank": 829, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.909, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.909, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-61% 1Y, 6% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "0JVS.IL", "momentum_1y_return": -0.6094, "momentum_3m_return": -0.0889, "momentum_52w_position": 0.0637 }, { "rank": 830, "ticker": "USNA", "company": "USANA", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #25", "batch": 44, "source_rank": 25, "base_moic": 1.32, "bull_moic": 1.93, "why": "Direct-selling legacy business, structural concerns.", "clean_score": 0.058, "overall_rank": 830, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.908, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.908, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-39% 1Y, 7% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "USNA", "momentum_1y_return": -0.3905, "momentum_3m_return": 0.0614, "momentum_52w_position": 0.0669 }, { "rank": 831, "ticker": "3BZ.F / 6196.HK", "company": "Bank of Zhengzhou", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #27", "batch": 49, "source_rank": 27, "base_moic": 1.2, "bull_moic": 1.7, "why": "Low-quality bank value-trap risk: weak ROE and earnings/revenue trends.", "clean_score": 0.052, "overall_rank": 831, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.902, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.902, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (4% 1Y, 13% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "3BZ.F", "momentum_1y_return": 0.0388, "momentum_3m_return": -0.0531, "momentum_52w_position": 0.125 }, { "rank": 832, "ticker": "SBOEY / SBO.VI", "company": "Schoeller-Bleckmann Oilfield", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #26", "batch": 53, "source_rank": 26, "base_moic": 1.3, "bull_moic": 1.7, "why": "Quality oilfield equipment, but not deep-value torque.", "clean_score": 0.052, "overall_rank": 832, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.802, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 0.902, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-6% 1Y, 8% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "SBOEY", "momentum_1y_return": -0.0625, "momentum_3m_return": 0, "momentum_52w_position": 0.0811 }, { "rank": 833, "ticker": "065710.KQ", "company": "Seoho Electric", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #9", "batch": 38, "source_rank": 9, "base_moic": 1.32, "bull_moic": 1.82, "why": "Good value-to-quality mix; high-margin port/crane electrical control systems exposure.", "tier": "C - Monitor / Lower Priority", "overall_rank": 833, "clean_score": 0.051, "clean_score_pre_accounting_cash_overlay": 0.901, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.901, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (12% 1Y, 24% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "065710.KQ", "momentum_1y_return": 0.123, "momentum_3m_return": -0.1104, "momentum_52w_position": 0.2441 }, { "rank": 834, "ticker": "0583.HK", "company": "Great Wall Pan Asia", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #23", "batch": 56, "source_rank": 23, "base_moic": 1.41, "bull_moic": 2.22, "why": "Tiny HK asset-value situation, but losses and management churn reduce quality.", "clean_score": 0.05, "clean_score_pre_accounting_cash_overlay": 0.05, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #23", "overall_rank": 834, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.05, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Falls into monitor / lower priority: mixed momentum keeps it from ranking higher (-3% 1Y, 83% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "0583.HK", "momentum_1y_return": -0.0275, "momentum_3m_return": 0.0081, "momentum_52w_position": 0.8261 }, { "rank": 835, "ticker": "0022.HK", "company": "MEXAN", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #8", "batch": 56, "source_rank": 8, "base_moic": 1.69, "bull_moic": 3.05, "why": "High raw torque in a tiny post-distribution stub; needs residual asset monetization or corporate action.", "clean_score": 0.05, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #8", "overall_rank": 835, "tier": "C - Monitor / Lower Priority", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-64% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "0022.HK", "momentum_1y_return": -0.638, "momentum_3m_return": -0.829, "momentum_52w_position": 0 }, { "rank": 836, "ticker": "EDN", "company": "Edenor", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #12", "batch": 57, "source_rank": 12, "base_moic": 1.48, "bull_moic": 2.26, "why": "Argentina utility normalization story, but macro/currency/regulatory risk and less obscurity.", "clean_score": 0.05, "overall_rank": 836, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #12", "prior_repass_source": "B40 #20", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-32% 1Y, 44% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "EDN", "momentum_1y_return": -0.3204, "momentum_3m_return": -0.1015, "momentum_52w_position": 0.4364 }, { "ticker": "SCDX.TA", "company": "Scodix", "theme": "Print Technology, Israeli Microcap Optionality", "source": "B61 #16", "batch": 61, "source_rank": 16, "base_moic": 1.35, "bull_moic": 2.88, "why": "Print-tech optionality with improved revenue and narrower losses, but still loss-making and very small.", "rank": 837, "clean_score_pre_accounting_cash_overlay": 0.9, "sector": "Special Situations", "country": "Israel", "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.05, "overall_rank": 837, "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 0.9, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-37% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "SCDX.TA", "momentum_1y_return": -0.3655, "momentum_3m_return": -0.1092, "momentum_52w_position": 0.0347 }, { "rank": 838, "ticker": "ALAR", "company": "Alarum", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #15", "batch": 15, "source_rank": 15, "base_moic": 1.3, "bull_moic": 1.9, "why": "AI data-collection story, but current market cap already reflects a lot.", "tier": "C - Monitor / Lower Priority", "overall_rank": 838, "clean_score": 0.044, "clean_score_pre_accounting_cash_overlay": 0.894, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "United States", "clean_score_pre_momentum_overlay": 0.894, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-6% 1Y, 17% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "ALAR", "momentum_1y_return": -0.0565, "momentum_3m_return": 0.0533, "momentum_52w_position": 0.1673 }, { "rank": 839, "ticker": "STG", "company": "Sunlands Technology", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #3", "batch": 39, "source_rank": 3, "base_moic": 2.43, "bull_moic": 3.88, "why": "Highest apparent statistical cheapness, heavily haircut for China/VIE, weak momentum, and revenue guidance decline.", "tier": "C - Monitor / Lower Priority", "overall_rank": 839, "clean_score": 0.041, "clean_score_pre_accounting_cash_overlay": 0.891, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.891, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-40% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 2.4x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "STG", "momentum_1y_return": -0.3953, "momentum_3m_return": -0.3204, "momentum_52w_position": 0.0119 }, { "rank": 840, "ticker": "PETS.L", "company": "Pets at Home", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #6", "batch": 10, "source_rank": 6, "base_moic": 1.31, "bull_moic": 1.74, "why": "Solid turnaround/value, not enough torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 840, "clean_score": 0.04, "clean_score_pre_accounting_cash_overlay": 0.89, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.89, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-29% 1Y, 7% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "PETS.L", "momentum_1y_return": -0.2931, "momentum_3m_return": -0.0342, "momentum_52w_position": 0.0733 }, { "rank": 841, "ticker": "032850.KQ", "company": "BIT Computer", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #13", "batch": 38, "source_rank": 13, "base_moic": 1.31, "bull_moic": 1.74, "why": "Lower-risk Korean healthcare IT/net-cash value, but steadier than explosive.", "tier": "C - Monitor / Lower Priority", "overall_rank": 841, "clean_score": 0.04, "clean_score_pre_accounting_cash_overlay": 0.89, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.89, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-11% 1Y, 7% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "032850.KQ", "momentum_1y_return": -0.1084, "momentum_3m_return": -0.143, "momentum_52w_position": 0.0658 }, { "rank": 842, "ticker": "NEWCONNECT:MNS", "company": "Mennica Skarbowa", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #11", "batch": 50, "source_rank": 11, "base_moic": 1.3, "bull_moic": 1.83, "why": "Gold/silver retail demand exposure, but low-margin and inventory-sensitive.", "clean_score": 0.04, "overall_rank": 842, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.89, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Poland", "clean_score_pre_momentum_overlay": 0.89, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (17% 1Y, 23% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "MNS.WA", "momentum_1y_return": 0.172, "momentum_3m_return": -0.3326, "momentum_52w_position": 0.2299 }, { "rank": 843, "ticker": "MEGP.L", "company": "ME Group International", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #13", "batch": 13, "source_rank": 13, "base_moic": 1.31, "bull_moic": 1.69, "why": "Quality compounder, lower torque.", "tier": "C - Monitor / Lower Priority", "overall_rank": 843, "clean_score": 0.037, "clean_score_pre_accounting_cash_overlay": 0.887, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.887, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-32% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "MEGP.L", "momentum_1y_return": -0.3196, "momentum_3m_return": 0.041, "momentum_52w_position": 0.616 }, { "rank": 844, "ticker": "8835.T", "company": "Taiheiyo Kouhatsu", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #12", "batch": 23, "source_rank": 12, "base_moic": 1.3, "bull_moic": 1.79, "why": "Boring but not broken.", "tier": "C - Monitor / Lower Priority", "overall_rank": 844, "clean_score": 0.037, "clean_score_pre_accounting_cash_overlay": 0.887, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.887, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (19% 1Y, 23% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "8835.T", "momentum_1y_return": 0.1876, "momentum_3m_return": -0.0936, "momentum_52w_position": 0.225 }, { "rank": 845, "ticker": "098070.KQ", "company": "Hantech", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #16", "batch": 37, "source_rank": 16, "base_moic": 1.31, "bull_moic": 1.68, "why": "Solid business quality, not obviously cheap enough after volatility.", "tier": "C - Monitor / Lower Priority", "overall_rank": 845, "clean_score": 0.037, "clean_score_pre_accounting_cash_overlay": 0.887, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.887, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (12% 1Y, 18% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "098070.KQ", "momentum_1y_return": 0.1191, "momentum_3m_return": -0.1996, "momentum_52w_position": 0.1833 }, { "rank": 846, "ticker": "2273.HK", "company": "Gushengtang", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #17", "batch": 46, "source_rank": 17, "base_moic": 1.3, "bull_moic": 1.7, "why": "Quality TCM outpatient compounder, less cheap after growth is recognized.", "clean_score": 0.032, "overall_rank": 846, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.882, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.882, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-21% 1Y, 11% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "2273.HK", "momentum_1y_return": -0.2129, "momentum_3m_return": 0.0151, "momentum_52w_position": 0.1057 }, { "rank": 847, "ticker": "SGF.MI / LSE:0NV0", "company": "Sogefi", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #15", "batch": 51, "source_rank": 15, "base_moic": 1.38, "bull_moic": 1.9, "why": "Real earnings after portfolio focus; not blue-sky turnaround.", "clean_score": 0.032, "overall_rank": 847, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.882, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.882, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-8% 1Y, 16% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "SGF.MI", "momentum_1y_return": -0.0757, "momentum_3m_return": 0.1376, "momentum_52w_position": 0.1629 }, { "rank": 848, "ticker": "7522.T", "company": "Watami", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #15", "batch": 54, "source_rank": 15, "base_moic": 1.3, "bull_moic": 1.7, "why": "Restaurant recovery, but labor/food costs and lower multiple expansion cap torque.", "clean_score": 0.032, "overall_rank": 848, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.882, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Japan", "clean_score_pre_momentum_overlay": 0.882, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-10% 1Y, 16% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "7522.T", "momentum_1y_return": -0.098, "momentum_3m_return": -0.015, "momentum_52w_position": 0.1637 }, { "rank": 849, "ticker": "EQTL.TA", "company": "Equital", "theme": "Consumer, Beauty, Education, Food, Holdcos", "source": "B5 #5", "batch": 5, "source_rank": 5, "base_moic": 1.28, "bull_moic": 1.87, "why": "Holdco/SOTP with gas, real estate, Tamar exposure.", "tier": "C - Monitor / Lower Priority", "overall_rank": 849, "clean_score": 0.03, "clean_score_pre_accounting_cash_overlay": 0.88, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Israel", "clean_score_pre_momentum_overlay": 0.88, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-18% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "EQTL.TA", "momentum_1y_return": -0.1754, "momentum_3m_return": -0.1303, "momentum_52w_position": 0.0233 }, { "rank": 850, "ticker": "228760.KQ", "company": "Genomictree", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #11", "batch": 46, "source_rank": 11, "base_moic": 1.7, "bull_moic": 3, "why": "Diagnostic-platform optionality and UK pathway, but revenue is tiny and losses remain large.", "clean_score": 0.03, "overall_rank": 850, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.88, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.88, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (6% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "228760.KQ", "momentum_1y_return": 0.0625, "momentum_3m_return": -0.2786, "momentum_52w_position": 0.1032 }, { "rank": 851, "ticker": "SARN.TA / SARI.SI", "company": "Sarine Technologies", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #13", "batch": 26, "source_rank": 13, "base_moic": 1.41, "bull_moic": 2.5, "why": "AI/gemology optionality in weak diamond market.", "tier": "C - Monitor / Lower Priority", "overall_rank": 851, "clean_score": 0.026, "clean_score_pre_accounting_cash_overlay": 0.876, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Israel", "clean_score_pre_momentum_overlay": 0.876, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (-22% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "SARN.TA", "momentum_1y_return": -0.2191, "momentum_3m_return": -0.123, "momentum_52w_position": 0.0055 }, { "rank": 852, "ticker": "9010.T / 8V7.F", "company": "Fuji Kyuko", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #18", "batch": 41, "source_rank": 18, "base_moic": 1.3, "bull_moic": 1.6, "why": "Better tourism/regional asset than bargain.", "clean_score": 0.026, "overall_rank": 852, "tier": "C - Monitor / Lower Priority", "clean_score_pre_accounting_cash_overlay": 0.876, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.876, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Falls into monitor / lower priority: weak/stagnant momentum is a rank penalty (2% 1Y, 19% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "9010.T", "momentum_1y_return": 0.0183, "momentum_3m_return": -0.1627, "momentum_52w_position": 0.1899 }, { "rank": 853, "ticker": "092200.KS", "company": "DAE-IL", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #18", "batch": 9, "source_rank": 18, "base_moic": 1.3, "bull_moic": 1.88, "why": "Auto/industrial parts value, weak earnings quality.", "tier": "D - Deprioritized / Avoid", "overall_rank": 853, "clean_score": 0.023, "clean_score_pre_accounting_cash_overlay": 0.873, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.873, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (46% 1Y, 28% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "092200.KS", "momentum_1y_return": 0.4585, "momentum_3m_return": -0.2334, "momentum_52w_position": 0.2783 }, { "rank": 854, "ticker": "ZIP", "company": "ZipRecruiter", "theme": "Software, Data, Adtech, Services", "source": "B22 #9", "batch": 22, "source_rank": 9, "base_moic": 1.4, "bull_moic": 2.2, "why": "Labor-cycle call option.", "tier": "D - Deprioritized / Avoid", "overall_rank": 854, "clean_score": 0.022, "clean_score_pre_accounting_cash_overlay": 0.872, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.872, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-38% 1Y, 35% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "ZIP", "momentum_1y_return": -0.3773, "momentum_3m_return": 0.3035, "momentum_52w_position": 0.3487 }, { "rank": 855, "ticker": "9FZ.F / SYNSAM.ST", "company": "Synsam", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #20", "batch": 46, "source_rank": 20, "base_moic": 1.4, "bull_moic": 1.7, "why": "Good optical retail/subscription model with improving profit/debt, but less explosive.", "clean_score": 0.022, "overall_rank": 855, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 1.032, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.872, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (11% 1Y, 28% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "9FZ.F", "momentum_1y_return": 0.105, "momentum_3m_return": -0.2151, "momentum_52w_position": 0.2828 }, { "rank": 856, "ticker": "CEN.PA", "company": "Groupe Crit", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #10", "batch": 42, "source_rank": 10, "base_moic": 1.29, "bull_moic": 1.61, "why": "Good staffing value, lower torque.", "clean_score": 0.021, "overall_rank": 856, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.871, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "France", "clean_score_pre_momentum_overlay": 0.871, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-18% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "CEN.PA", "momentum_1y_return": -0.1796, "momentum_3m_return": -0.1104, "momentum_52w_position": 0 }, { "rank": 857, "ticker": "027830.KQ", "company": "Daesung Private Equity", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #29", "batch": 49, "source_rank": 29, "base_moic": 1.3, "bull_moic": 1.8, "why": "Venture/PE optionality, weak earnings profile and high multiple versus quality.", "clean_score": 0.018, "overall_rank": 857, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.868, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.868, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-31% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "027830.KQ", "momentum_1y_return": -0.3066, "momentum_3m_return": -0.0928, "momentum_52w_position": 0 }, { "rank": 858, "ticker": "1830.HK", "company": "Perfect Medical", "theme": "Consumer, Beauty, Education, Food, Holdcos", "source": "B5 #7", "batch": 5, "source_rank": 7, "base_moic": 1.32, "bull_moic": 1.9, "why": "High payout, but revenue/profit declined.", "tier": "D - Deprioritized / Avoid", "overall_rank": 858, "clean_score": 0.016, "clean_score_pre_accounting_cash_overlay": 0.866, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.866, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-48% 1Y, 6% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "1830.HK", "momentum_1y_return": -0.4828, "momentum_3m_return": 0.0169, "momentum_52w_position": 0.063 }, { "rank": 859, "ticker": "AAD.DE", "company": "Amadeus Fire", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #7", "batch": 42, "source_rank": 7, "base_moic": 1.48, "bull_moic": 2.27, "why": "Staffing/training cyclical bottoming candidate.", "clean_score": 0.014, "overall_rank": 859, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.864, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Germany", "clean_score_pre_momentum_overlay": 0.864, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-67% 1Y, 6% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "AAD.DE", "momentum_1y_return": -0.6739, "momentum_3m_return": 0.0346, "momentum_52w_position": 0.056 }, { "rank": 860, "ticker": "3668.T", "company": "COLOPL", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #31", "batch": 39, "source_rank": 31, "base_moic": 1.28, "bull_moic": 1.92, "why": "Net-cash game optionality, but earnings quality weak and needs hit/capital return.", "tier": "D - Deprioritized / Avoid", "overall_rank": 860, "clean_score": 0.013, "clean_score_pre_accounting_cash_overlay": 0.863, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.863, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-21% 1Y, 12% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "3668.T", "momentum_1y_return": -0.2149, "momentum_3m_return": -0.0991, "momentum_52w_position": 0.1207 }, { "rank": 861, "ticker": "CHP.L", "company": "Cavendish Financial", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #17", "batch": 30, "source_rank": 17, "base_moic": 2, "bull_moic": 5, "why": "Extremely small financial-services optionality, weak visibility/liquidity.", "tier": "D - Deprioritized / Avoid", "overall_rank": 861, "clean_score": 0.01, "clean_score_pre_accounting_cash_overlay": 0.62, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Financials & Credit", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.86, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-8% 1Y, 0% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 2.0x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "CHP.L", "momentum_1y_return": -0.0833, "momentum_3m_return": -0.3125, "momentum_52w_position": 0 }, { "rank": 862, "ticker": "0819.HK", "company": "Tianneng Power", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #8", "batch": 51, "source_rank": 8, "base_moic": 1.48, "bull_moic": 2.14, "why": "Cheap battery manufacturer with P/E/book support.", "clean_score": 0.006, "overall_rank": 862, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.856, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.856, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-1% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "0819.HK", "momentum_1y_return": -0.0145, "momentum_3m_return": -0.0823, "momentum_52w_position": 0.0973 }, { "rank": 863, "ticker": "9425.T", "company": "ReYuu Japan", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #12", "batch": 16, "source_rank": 12, "base_moic": 1.5, "bull_moic": 2.57, "why": "High-beta microcap after collapse; forecast loss worsened.", "tier": "D - Deprioritized / Avoid", "overall_rank": 863, "clean_score": 0.004, "clean_score_pre_accounting_cash_overlay": 0.854, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.854, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-60% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "9425.T", "momentum_1y_return": -0.5996, "momentum_3m_return": -0.2862, "momentum_52w_position": 0 }, { "rank": 864, "ticker": "PIHLIS.HE", "company": "Pihlajalinna", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #6", "batch": 11, "source_rank": 6, "base_moic": 1.26, "bull_moic": 1.62, "why": "Cheap defensive Finnish healthcare value, but lower upside torque.", "tier": "D - Deprioritized / Avoid", "overall_rank": 864, "clean_score": 0.003, "clean_score_pre_accounting_cash_overlay": 0.853, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.853, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-26% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "PIHLIS.HE", "momentum_1y_return": -0.2647, "momentum_3m_return": -0.1431, "momentum_52w_position": 0.0985 }, { "rank": 865, "ticker": "HDL / 9658.HK", "company": "Super Hi International", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #11", "batch": 42, "source_rank": 11, "base_moic": 1.24, "bull_moic": 1.82, "why": "Global Haidilao growth, but valuation not distressed.", "clean_score": 0.003, "overall_rank": 865, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.853, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.853, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-38% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "HDL", "momentum_1y_return": -0.3847, "momentum_3m_return": -0.1037, "momentum_52w_position": 0.0487 }, { "rank": 866, "ticker": "1867.T", "company": "UEKI Corp", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #15", "batch": 58, "source_rank": 15, "base_moic": 1.28, "bull_moic": 1.71, "why": "Low normalized P/E and dividend support, but cash-flow quality concerns.", "clean_score": 0, "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B58 #15", "overall_rank": 866, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.85, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (22% 1Y, 30% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "1867.T", "momentum_1y_return": 0.215, "momentum_3m_return": -0.2215, "momentum_52w_position": 0.2996 }, { "rank": 867, "ticker": "4990.T", "company": "Showa Chemical", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #13", "batch": 21, "source_rank": 13, "base_moic": 1.25, "bull_moic": 1.63, "why": "Boring specialty chemical/filter-media value.", "tier": "D - Deprioritized / Avoid", "overall_rank": 867, "clean_score": -0.002, "clean_score_pre_accounting_cash_overlay": 0.848, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.848, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (5% 1Y, 22% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "4990.T", "momentum_1y_return": 0.0545, "momentum_3m_return": -0.1119, "momentum_52w_position": 0.2213 }, { "rank": 868, "ticker": "NZX.NZ / NZSTY", "company": "NZX", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #17", "batch": 45, "source_rank": 17, "base_moic": 1.25, "bull_moic": 1.55, "why": "Quality market infrastructure, low torque.", "clean_score": -0.007, "overall_rank": 868, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.843, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "New Zealand", "clean_score_pre_momentum_overlay": 0.843, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-14% 1Y, 18% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "NZX.NZ", "momentum_1y_return": -0.1401, "momentum_3m_return": 0.0037, "momentum_52w_position": 0.1803 }, { "rank": 869, "ticker": "1180.HK", "company": "Paradise Entertainment", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #17", "batch": 41, "source_rank": 17, "base_moic": 1.4, "bull_moic": 2, "why": "LT Game product optionality, weak current quality.", "clean_score": -0.01, "overall_rank": 869, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.84, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.84, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-65% 1Y, 18% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "1180.HK", "momentum_1y_return": -0.645, "momentum_3m_return": 0.4947, "momentum_52w_position": 0.1757 }, { "rank": 870, "ticker": "FLX", "company": "BingEx", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #10", "batch": 45, "source_rank": 10, "base_moic": 1.6, "bull_moic": 4, "why": "Broken IPO China courier optionality; extreme ADR/labor/competition risk.", "clean_score": -0.01, "overall_rank": 870, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.84, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.84, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (2% 1Y, 11% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "FLX", "momentum_1y_return": 0.021, "momentum_3m_return": 0.0125, "momentum_52w_position": 0.1082 }, { "rank": 871, "ticker": "EDN", "company": "Edenor", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #7", "batch": 29, "source_rank": 7, "base_moic": 1.48, "bull_moic": 2.05, "why": "Argentina tariff-reset torque; macro/FX/political risks remain large.", "tier": "D - Deprioritized / Avoid", "overall_rank": 871, "clean_score": -0.019, "clean_score_pre_accounting_cash_overlay": 0.831, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.831, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-32% 1Y, 44% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "EDN", "momentum_1y_return": -0.3204, "momentum_3m_return": -0.1015, "momentum_52w_position": 0.4364 }, { "rank": 872, "ticker": "HCAT", "company": "Health Catalyst", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #6", "batch": 26, "source_rank": 6, "base_moic": 1.73, "bull_moic": 3.54, "why": "High raw upside but stabilization/rerating bet after impairment.", "tier": "D - Deprioritized / Avoid", "overall_rank": 872, "clean_score": -0.02, "clean_score_pre_accounting_cash_overlay": 0.83, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.83, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-66% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "HCAT", "momentum_1y_return": -0.6551, "momentum_3m_return": 0.1121, "momentum_52w_position": 0.0929 }, { "rank": 873, "ticker": "VBSN.SW", "company": "IVF Hartmann", "theme": "Healthcare, Medical Supplies, Cash-Rich Defensives", "source": "B55 #11", "batch": 55, "source_rank": 11, "base_moic": 1.19, "bull_moic": 1.46, "why": "High-quality, cash-rich, no-debt medical supplies name, but limited torque for a wealth-acceleration screen.", "clean_score": -0.02, "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B55 #11", "overall_rank": 873, "tier": "D - Deprioritized / Avoid", "sector": "Healthcare & Pharma", "country": "Switzerland", "clean_score_pre_momentum_overlay": 0.83, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-12% 1Y, 8% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "VBSN.SW", "momentum_1y_return": -0.12, "momentum_3m_return": -0.0538, "momentum_52w_position": 0.0769 }, { "rank": 874, "ticker": "1033.HK", "company": "Sinopec Oilfield Service", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #18", "batch": 25, "source_rank": 18, "base_moic": 1.2, "bull_moic": 1.7, "why": "Large low-margin SOE oilfield services.", "tier": "D - Deprioritized / Avoid", "overall_rank": 874, "clean_score": -0.028, "clean_score_pre_accounting_cash_overlay": 0.822, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.822, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (19% 1Y, 14% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "1033.HK", "momentum_1y_return": 0.1905, "momentum_3m_return": -0.2788, "momentum_52w_position": 0.1444 }, { "rank": 875, "ticker": "2001.HK", "company": "China New Higher Education", "theme": "Consumer & Media / China Education", "source": "B57 #4", "batch": 57, "source_rank": 4, "base_moic": 1.64, "bull_moic": 2.39, "why": "Statistically cheap China education near lows, but regulation, governance, scrip dividends, and catalyst risk remain.", "tier": "D - Deprioritized / Avoid", "overall_rank": 875, "clean_score": -0.03, "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": -0.08, "accounting_risk_flag": "watch", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B57 #4", "prior_repass_source": "B29 #2", "sector": "Consumer & Media", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.82, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-28% 1Y, 0% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.6x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "2001.HK", "momentum_1y_return": -0.2826, "momentum_3m_return": -0.1852, "momentum_52w_position": 0 }, { "rank": 876, "ticker": "ACMTA", "company": "ACMAT", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #14", "batch": 45, "source_rank": 14, "base_moic": 1.35, "bull_moic": 2.1, "why": "Hidden-asset microcap, weak catalyst.", "clean_score": -0.034, "overall_rank": 876, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.816, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.816, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-49% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "ACMTA", "momentum_1y_return": -0.4857, "momentum_3m_return": -0.3077, "momentum_52w_position": 0 }, { "rank": 877, "ticker": "MAYNF", "company": "Mayne Pharma", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #17", "batch": 47, "source_rank": 17, "base_moic": 1.48, "bull_moic": 2.41, "why": "Broken M&A special situation after blocked Cosette bid; outcome control is poor.", "clean_score": -0.037, "overall_rank": 877, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.813, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.813, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-63% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "MAYNF", "momentum_1y_return": -0.6306, "momentum_3m_return": -0.1463, "momentum_52w_position": 0 }, { "rank": 878, "ticker": "1854.HK", "company": "China Wantian", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #21", "batch": 50, "source_rank": 21, "base_moic": 0.76, "bull_moic": 1.43, "why": "Loss widened and not cheap enough for risk.", "clean_score": -0.038, "overall_rank": 878, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.038, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.038, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (-24% 1Y, 53% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "1854.HK", "momentum_1y_return": -0.2391, "momentum_3m_return": -0.1026, "momentum_52w_position": 0.5333 }, { "rank": 879, "ticker": "008040.KQ", "company": "SAJODONGAONE", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #17", "batch": 12, "source_rank": 17, "base_moic": 1.19, "bull_moic": 1.63, "why": "Food/feed business with data-quality issues.", "tier": "D - Deprioritized / Avoid", "overall_rank": 879, "clean_score": -0.038, "clean_score_pre_accounting_cash_overlay": 0.812, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.812, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-4% 1Y, 8% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "008040.KQ", "momentum_1y_return": -0.0354, "momentum_3m_return": -0.0795, "momentum_52w_position": 0.0847 }, { "rank": 880, "ticker": "BTP.SI", "company": "Baker Technology", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #24", "batch": 53, "source_rank": 24, "base_moic": 1.3, "bull_moic": 1.8, "why": "Cash-backed optionality, but revenue fell and company swung to loss.", "clean_score": -0.042, "overall_rank": 880, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.708, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Singapore", "clean_score_pre_momentum_overlay": 0.808, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-9% 1Y, 5% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "BTP.SI", "momentum_1y_return": -0.0917, "momentum_3m_return": -0.01, "momentum_52w_position": 0.0476 }, { "rank": 881, "ticker": "INTJ", "company": "Intelligent Group", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #18", "batch": 18, "source_rank": 18, "base_moic": 1.19, "bull_moic": 3.47, "why": "Web3/low-float optionality, weak fundamentals.", "tier": "D - Deprioritized / Avoid", "overall_rank": 881, "clean_score": -0.048, "clean_score_pre_accounting_cash_overlay": 0.802, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.802, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-9% 1Y, 13% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/3.5x.", "momentum_source": "yahoo", "momentum_symbol": "INTJ", "momentum_1y_return": -0.0932, "momentum_3m_return": 0.3424, "momentum_52w_position": 0.1323 }, { "rank": 882, "ticker": "001380.KQ", "company": "SG Global", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #14", "batch": 12, "source_rank": 14, "base_moic": 1.16, "bull_moic": 1.73, "why": "Cheap but catalyst-light auto seat/textile business.", "tier": "D - Deprioritized / Avoid", "overall_rank": 882, "clean_score": -0.05, "clean_score_pre_accounting_cash_overlay": 0.8, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.8, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-48% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "001380.KQ", "momentum_1y_return": -0.4849, "momentum_3m_return": -0.3525, "momentum_52w_position": 0.0505 }, { "rank": 883, "ticker": "KING.OL", "company": "Kingfish Company", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #6", "batch": 17, "source_rank": 6, "base_moic": 1.7, "bull_moic": 4.4, "why": "Distressed financing optionality.", "tier": "D - Deprioritized / Avoid", "overall_rank": 883, "clean_score": -0.05, "clean_score_pre_accounting_cash_overlay": 0.96, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": 0.8, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-87% 1Y, 4% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/4.4x.", "momentum_source": "yahoo", "momentum_symbol": "KING.OL", "momentum_1y_return": -0.8676, "momentum_3m_return": -0.6875, "momentum_52w_position": 0.0357 }, { "rank": 884, "ticker": "ST:FPAR-D", "company": "FastPartner Series D", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #29", "batch": 47, "source_rank": 29, "base_moic": 1.05, "bull_moic": 1.16, "why": "Preference share behaves more bond-like; yield but capped equity upside.", "clean_score": -0.05, "overall_rank": 884, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.8, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.8, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-1% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "FPAR-D.ST", "momentum_1y_return": -0.0139, "momentum_3m_return": -0.0301, "momentum_52w_position": 0 }, { "rank": 885, "ticker": "9906.TW", "company": "Hsin Ba Ba", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #10", "batch": 58, "source_rank": 10, "base_moic": 1.32, "bull_moic": 1.88, "why": "Strong Q1 reversal to profit, but property/development revenue-recognition risk remains.", "clean_score": -0.05, "clean_score_pre_accounting_cash_overlay": 0.8, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #10", "overall_rank": 885, "tier": "D - Deprioritized / Avoid", "sector": "Property & Infrastructure", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.8, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-61% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "9906.TW", "momentum_1y_return": -0.6092, "momentum_3m_return": -0.1695, "momentum_52w_position": 0.0348 }, { "rank": 886, "ticker": "TSAT", "company": "Telesat", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #11", "batch": 18, "source_rank": 11, "base_moic": 1.27, "bull_moic": 2.74, "why": "Binary Lightspeed optionality and leverage/refinancing/litigation risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 886, "clean_score": -0.054, "clean_score_pre_accounting_cash_overlay": -0.544, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": -0.704, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Deprioritized: excellent momentum confirms the setup (221% 1Y, 90% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "TSAT", "momentum_1y_return": 2.2138, "momentum_3m_return": 0.2649, "momentum_52w_position": 0.9029 }, { "rank": 887, "ticker": "SCAP-R.BK", "company": "Srisawad Capital", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #24", "batch": 38, "source_rank": 24, "base_moic": 1.31, "bull_moic": 1.83, "why": "Credit-cycle recovery option; asset quality and funding risk dominate.", "tier": "D - Deprioritized / Avoid", "overall_rank": 887, "clean_score": -0.054, "clean_score_pre_accounting_cash_overlay": 0.796, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.796, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-79% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "SCAP-R.BK", "momentum_1y_return": -0.7865, "momentum_3m_return": -0.7865, "momentum_52w_position": 0 }, { "rank": 888, "ticker": "FINV", "company": "FinVolution", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #17", "batch": 40, "source_rank": 17, "base_moic": 1.4, "bull_moic": 1.9, "why": "Better China fintech quality, lower torque than Lexin.", "clean_score": -0.056, "overall_rank": 888, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.794, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.794, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-44% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "FINV", "momentum_1y_return": -0.4447, "momentum_3m_return": -0.1888, "momentum_52w_position": 0.0251 }, { "rank": 889, "ticker": "7743.TWO", "company": "KFS", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #27", "batch": 38, "source_rank": 27, "base_moic": 1.16, "bull_moic": 1.62, "why": "Niche HPP food-tech microcap with thin data and not-obviously-cheap valuation.", "tier": "D - Deprioritized / Avoid", "overall_rank": 889, "clean_score": -0.057, "clean_score_pre_accounting_cash_overlay": 0.793, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.793, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-38% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "7743.TWO", "momentum_1y_return": -0.3762, "momentum_3m_return": -0.049, "momentum_52w_position": 0 }, { "rank": 890, "ticker": "2434.TW", "company": "Mospec Semiconductor", "theme": "Semiconductor / Materials Follow-Up, New Tickers Only", "source": "B21 #19", "batch": 21, "source_rank": 19, "base_moic": 0.99, "bull_moic": 1.64, "why": "Too little revenue/earnings torque.", "tier": "D - Deprioritized / Avoid", "overall_rank": 890, "clean_score": -0.058, "clean_score_pre_accounting_cash_overlay": 0.792, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.792, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (2% 1Y, 14% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "2434.TW", "momentum_1y_return": 0.0172, "momentum_3m_return": 0.0017, "momentum_52w_position": 0.1377 }, { "rank": 891, "ticker": "5101.KL", "company": "Evergreen Fibreboard", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #15", "batch": 12, "source_rank": 15, "base_moic": 1.43, "bull_moic": 2.5, "why": "Deep value on book, poor on earnings; needs wood-panel cycle recovery.", "tier": "D - Deprioritized / Avoid", "overall_rank": 891, "clean_score": -0.062, "clean_score_pre_accounting_cash_overlay": 0.788, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.788, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-32% 1Y, 24% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "5101.KL", "momentum_1y_return": -0.3158, "momentum_3m_return": 0.0833, "momentum_52w_position": 0.2381 }, { "rank": 892, "ticker": "CMTG", "company": "Claros Mortgage Trust", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #24", "batch": 49, "source_rank": 24, "base_moic": 1.7, "bull_moic": 3.1, "why": "Huge discount to book, but GAAP loss and credit-resolution risk make quality poor.", "clean_score": -0.064, "overall_rank": 892, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.786, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.786, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-5% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "CMTG", "momentum_1y_return": -0.0506, "momentum_3m_return": 0.0181, "momentum_52w_position": 0.0909 }, { "rank": 893, "ticker": "MULTI.OL", "company": "Multiconsult", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #16", "batch": 13, "source_rank": 16, "base_moic": 1.15, "bull_moic": 1.53, "why": "Good engineering franchise, not enough near-term asymmetry.", "tier": "D - Deprioritized / Avoid", "overall_rank": 893, "clean_score": -0.068, "clean_score_pre_accounting_cash_overlay": 0.782, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": 0.782, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-17% 1Y, 7% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "MULTI.OL", "momentum_1y_return": -0.1704, "momentum_3m_return": -0.0321, "momentum_52w_position": 0.0727 }, { "rank": 894, "ticker": "VTVT / 5VT0.F", "company": "vTv Therapeutics", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #18", "batch": 47, "source_rank": 18, "base_moic": 1.5, "bull_moic": 3.28, "why": "Binary Type 1 diabetes Phase 3 readout with cash through data; not recurring operating quality.", "clean_score": -0.073, "overall_rank": 894, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.573, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": -0.573, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Deprioritized: good momentum supports the rank (83% 1Y, 79% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/3.3x.", "momentum_source": "yahoo", "momentum_symbol": "VTVT", "momentum_1y_return": 0.8309, "momentum_3m_return": 0.0083, "momentum_52w_position": 0.787 }, { "rank": 895, "ticker": "AKT-B.TO", "company": "AKITA Drilling", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #23", "batch": 53, "source_rank": 23, "base_moic": 1.3, "bull_moic": 1.7, "why": "Acquisition/simplification helpful, but Q1 loss and thin quote lower conviction.", "clean_score": -0.078, "overall_rank": 895, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.478, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": -0.378, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Deprioritized: positive momentum gives it credit (139% 1Y, 54% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "AKT-B.TO", "momentum_1y_return": 1.3881, "momentum_3m_return": 0.7204, "momentum_52w_position": 0.5352 }, { "rank": 896, "ticker": "600897.SS", "company": "Xiamen International Airport", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #16", "batch": 29, "source_rank": 16, "base_moic": 1.14, "bull_moic": 1.47, "why": "Quality infrastructure, modest torque.", "tier": "D - Deprioritized / Avoid", "overall_rank": 896, "clean_score": -0.078, "clean_score_pre_accounting_cash_overlay": 0.772, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "China", "clean_score_pre_momentum_overlay": 0.772, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (2% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "600897.SS", "momentum_1y_return": 0.0232, "momentum_3m_return": -0.0644, "momentum_52w_position": 0.1043 }, { "rank": 897, "ticker": "SKA.L", "company": "Shuka Minerals", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #1", "batch": 17, "source_rank": 1, "base_moic": 2.5, "bull_moic": 8.9, "why": "Highest raw torque; Kabwe acquisition creates real-asset optionality, AIM resource risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 897, "clean_score": -0.08, "clean_score_pre_accounting_cash_overlay": 0.77, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.77, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-20% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 2.5x/8.9x.", "momentum_source": "yahoo", "momentum_symbol": "SKA.L", "momentum_1y_return": -0.2, "momentum_3m_return": -0.0667, "momentum_52w_position": 0.0513 }, { "rank": 898, "ticker": "BEIJ-B.ST", "company": "Beijer Ref", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #18", "batch": 36, "source_rank": 18, "base_moic": 1.14, "bull_moic": 1.44, "why": "High-quality HVAC/refrigeration roll-up, not cheap enough for torque screen.", "tier": "D - Deprioritized / Avoid", "overall_rank": 898, "clean_score": -0.08, "clean_score_pre_accounting_cash_overlay": 0.77, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.77, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-12% 1Y, 17% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "BEIJ-B.ST", "momentum_1y_return": -0.119, "momentum_3m_return": -0.0053, "momentum_52w_position": 0.1692 }, { "rank": 899, "ticker": "452400.KQ", "company": "INICS", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #21", "batch": 35, "source_rank": 21, "base_moic": 1.1, "bull_moic": 1.8, "why": "Low P/S battery-component recovery candidate, needs margin recovery.", "tier": "D - Deprioritized / Avoid", "overall_rank": 899, "clean_score": -0.082, "clean_score_pre_accounting_cash_overlay": 0.768, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.768, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-3% 1Y, 4% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "452400.KQ", "momentum_1y_return": -0.0294, "momentum_3m_return": -0.1101, "momentum_52w_position": 0.0401 }, { "rank": 900, "ticker": "WORLDLINE.PA", "company": "Worldline", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #6", "batch": 13, "source_rank": 6, "base_moic": 2.11, "bull_moic": 4.54, "why": "Highest raw upside, but distressed recapitalization/dilution/debt stub.", "tier": "D - Deprioritized / Avoid", "overall_rank": 900, "clean_score": -0.084, "clean_score_pre_accounting_cash_overlay": 0.156, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "France", "clean_score_pre_momentum_overlay": -0.004, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Deprioritized: data-limited momentum gets only neutral credit. Debt, dilution, or quality risk trims the score. Base/bull case: 2.1x/4.5x.", "momentum_source": "fallback" }, { "rank": 901, "ticker": "034810.KQ", "company": "Haesung Industrial", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #23", "batch": 35, "source_rank": 23, "base_moic": 1.1, "bull_moic": 1.7, "why": "Optically low P/S, but EV much larger than market cap and Q4 loss.", "tier": "D - Deprioritized / Avoid", "overall_rank": 901, "clean_score": -0.088, "clean_score_pre_accounting_cash_overlay": 0.762, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.762, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (6% 1Y, 18% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "034810.KQ", "momentum_1y_return": 0.0618, "momentum_3m_return": -0.0396, "momentum_52w_position": 0.1783 }, { "rank": 902, "ticker": "BALY", "company": "Bally's", "theme": "Medtech, Consumer Turnarounds, Real Estate", "source": "B8 #7", "batch": 8, "source_rank": 7, "base_moic": 1.3, "bull_moic": 2.31, "why": "Big asset/capital-structure torque, too complex and levered.", "tier": "D - Deprioritized / Avoid", "overall_rank": 902, "clean_score": -0.091, "clean_score_pre_accounting_cash_overlay": 0.919, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.759, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (2% 1Y, 19% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "BALY", "momentum_1y_return": 0.0246, "momentum_3m_return": -0.1296, "momentum_52w_position": 0.1886 }, { "rank": 903, "ticker": "1516.HK", "company": "Sunac Services", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #21", "batch": 45, "source_rank": 21, "base_moic": 1.2, "bull_moic": 1.8, "why": "Return-to-profit China property services, overhang remains.", "clean_score": -0.092, "overall_rank": 903, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.758, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.758, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-45% 1Y, 15% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "1516.HK", "momentum_1y_return": -0.4451, "momentum_3m_return": -0.0901, "momentum_52w_position": 0.15 }, { "rank": 904, "ticker": "PSAB.JK", "company": "J Resources Asia Pasifik", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #11", "batch": 9, "source_rank": 11, "base_moic": 1.54, "bull_moic": 2.31, "why": "Gold producer with EBITDA, but selloff/debt/governance opacity.", "tier": "D - Deprioritized / Avoid", "overall_rank": 904, "clean_score": -0.093, "clean_score_pre_accounting_cash_overlay": 1.097, "accounting_cash_overlay": -0.34, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Indonesia", "clean_score_pre_momentum_overlay": 0.757, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (25% 1Y, 19% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "PSAB.JK", "momentum_1y_return": 0.25, "momentum_3m_return": -0.283, "momentum_52w_position": 0.1872 }, { "rank": 905, "ticker": "ISCD.TA", "company": "Isracard", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #23", "batch": 45, "source_rank": 23, "base_moic": 1.1, "bull_moic": 1.6, "why": "Control premium already happened.", "clean_score": -0.094, "overall_rank": 905, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.756, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Israel", "clean_score_pre_momentum_overlay": 0.756, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-25% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "ISCD.TA", "momentum_1y_return": -0.2481, "momentum_3m_return": -0.1334, "momentum_52w_position": 0.0314 }, { "rank": 906, "ticker": "300673.SZ", "company": "Petpal", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #27", "batch": 44, "source_rank": 27, "base_moic": 1.12, "bull_moic": 1.64, "why": "Pet theme but Q1 earnings quality weak.", "clean_score": -0.1, "overall_rank": 906, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.75, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-17% 1Y, 17% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "300673.SZ", "momentum_1y_return": -0.1688, "momentum_3m_return": -0.0792, "momentum_52w_position": 0.1654 }, { "rank": 907, "ticker": "PANSAR.KL", "company": "Pansar", "theme": "Infrastructure, Engineering, Marine / Industrial Distribution", "source": "B55 #10", "batch": 55, "source_rank": 10, "base_moic": 1.38, "bull_moic": 1.91, "why": "Infrastructure/distribution value at low multiples, but low-margin earnings and catalyst quality are weaker.", "clean_score": -0.1, "overall_rank": 907, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B55 #10", "prior_repass_source": "B53 #25", "sector": "Property & Infrastructure", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.75, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-18% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "PANSAR.KL", "momentum_1y_return": -0.1754, "momentum_3m_return": -0.0693, "momentum_52w_position": 0 }, { "rank": 908, "ticker": "6936.TW", "company": "Vetnostrum Animal Health", "theme": "Healthcare & Pharma / Animal Health", "source": "B57 #17", "batch": 57, "source_rank": 17, "base_moic": 1.38, "bull_moic": 2.14, "why": "Better business-quality theme, but newly listed and P/E near 20x lowers margin of safety.", "clean_score": -0.1, "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #17", "overall_rank": 908, "tier": "D - Deprioritized / Avoid", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.75, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-15% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "6936.TW", "momentum_1y_return": -0.1457, "momentum_3m_return": -0.0087, "momentum_52w_position": 0.0909 }, { "rank": 909, "ticker": "117580.KS", "company": "Daesung Energy", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #18", "batch": 57, "source_rank": 18, "base_moic": 1.33, "bull_moic": 2.03, "why": "Regulated Korean city-gas utility near lows with dividend support, but limited torque.", "clean_score": -0.1, "clean_score_pre_accounting_cash_overlay": 0.65, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B57 #18", "overall_rank": 909, "tier": "D - Deprioritized / Avoid", "sector": "Energy & Utilities", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.75, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (1% 1Y, 3% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "117580.KS", "momentum_1y_return": 0.0129, "momentum_3m_return": -0.2792, "momentum_52w_position": 0.0268 }, { "rank": 910, "ticker": "T57.F", "company": "Trace Group", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #8", "batch": 58, "source_rank": 8, "base_moic": 1.5, "bull_moic": 2.1, "why": "Cheap Balkan infrastructure contractor with revenue scale, but low margins and execution risk.", "clean_score": -0.1, "clean_score_pre_accounting_cash_overlay": 0.75, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #8", "overall_rank": 910, "tier": "D - Deprioritized / Avoid", "sector": "Property & Infrastructure", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.75, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-91% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "T57.F", "momentum_1y_return": -0.9075, "momentum_3m_return": 0.08, "momentum_52w_position": 0.0081 }, { "rank": 911, "ticker": "3573.KL", "company": "Lien Hoe", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #22", "batch": 16, "source_rank": 22, "base_moic": 1.38, "bull_moic": 2.31, "why": "Asset/property optionality with poor operating signal.", "tier": "D - Deprioritized / Avoid", "overall_rank": 911, "clean_score": -0.103, "clean_score_pre_accounting_cash_overlay": 0.747, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.747, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-38% 1Y, 8% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "3573.KL", "momentum_1y_return": -0.381, "momentum_3m_return": -0.1875, "momentum_52w_position": 0.08 }, { "rank": 912, "ticker": "ISC.MI", "company": "ISCC Fintech", "theme": "Software, Data, Adtech, Services", "source": "B22 #15", "batch": 22, "source_rank": 15, "base_moic": 1.2, "bull_moic": 2.4, "why": "NPL optionality, weak FY25.", "tier": "D - Deprioritized / Avoid", "overall_rank": 912, "clean_score": -0.106, "clean_score_pre_accounting_cash_overlay": 0.744, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Italy", "clean_score_pre_momentum_overlay": 0.744, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-36% 1Y, 20% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "ISC.MI", "momentum_1y_return": -0.3595, "momentum_3m_return": 0.0448, "momentum_52w_position": 0.2045 }, { "rank": 913, "ticker": "PDX.ST", "company": "Paradox Interactive", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #7", "batch": 36, "source_rank": 7, "base_moic": 1.25, "bull_moic": 1.89, "why": "Weak sentiment after underperformance, but IP base can rerate if releases stabilize.", "tier": "D - Deprioritized / Avoid", "overall_rank": 913, "clean_score": -0.107, "clean_score_pre_accounting_cash_overlay": 0.743, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.743, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-32% 1Y, 23% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "PDX.ST", "momentum_1y_return": -0.3205, "momentum_3m_return": 0.1382, "momentum_52w_position": 0.2296 }, { "rank": 914, "ticker": "6826.HK", "company": "Haohai Biotec", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #12", "batch": 38, "source_rank": 12, "base_moic": 1.32, "bull_moic": 1.85, "why": "China biomedical materials recovery play; H-share discount and volatility keep it mid-pack.", "tier": "D - Deprioritized / Avoid", "overall_rank": 914, "clean_score": -0.107, "clean_score_pre_accounting_cash_overlay": 0.743, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.743, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-20% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "6826.HK", "momentum_1y_return": -0.2039, "momentum_3m_return": -0.1321, "momentum_52w_position": 0 }, { "rank": 915, "ticker": "EGLA.MI / LSX:A3D6PC", "company": "EuroGroup Laminations", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #4", "batch": 51, "source_rank": 4, "base_moic": 1.67, "bull_moic": 3.01, "why": "Broken electrification growth story; financing package reduces balance-sheet pressure, Q1 still weak.", "clean_score": -0.107, "overall_rank": 915, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.903, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Italy", "clean_score_pre_momentum_overlay": 0.743, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-66% 1Y, 2% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "EGLA.MI", "momentum_1y_return": -0.6576, "momentum_3m_return": -0.0688, "momentum_52w_position": 0.0195 }, { "rank": 916, "ticker": "WNC", "company": "Wabash National", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #7", "batch": 18, "source_rank": 7, "base_moic": 1.72, "bull_moic": 3.16, "why": "Cyclical industrial recovery option after ugly losses.", "tier": "D - Deprioritized / Avoid", "overall_rank": 916, "clean_score": -0.108, "clean_score_pre_accounting_cash_overlay": 0.742, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "United States", "clean_score_pre_momentum_overlay": 0.742, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-23% 1Y, 4% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.2x.", "momentum_source": "yahoo", "momentum_symbol": "WNC", "momentum_1y_return": -0.2301, "momentum_3m_return": -0.1065, "momentum_52w_position": 0.0353 }, { "rank": 917, "ticker": "KOMN.SW", "company": "Komax", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #13", "batch": 29, "source_rank": 13, "base_moic": 1.25, "bull_moic": 1.87, "why": "Clean industrial turnaround, but demand still weak.", "tier": "D - Deprioritized / Avoid", "overall_rank": 917, "clean_score": -0.108, "clean_score_pre_accounting_cash_overlay": 0.742, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Switzerland", "clean_score_pre_momentum_overlay": 0.742, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-51% 1Y, 15% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "KOMN.SW", "momentum_1y_return": -0.5055, "momentum_3m_return": 0.1864, "momentum_52w_position": 0.1496 }, { "rank": 918, "ticker": "2305.T", "company": "Studio Alice", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #19", "batch": 36, "source_rank": 19, "base_moic": 1.1, "bull_moic": 1.35, "why": "Defensive cash-generative low-growth value/income name.", "tier": "D - Deprioritized / Avoid", "overall_rank": 918, "clean_score": -0.109, "clean_score_pre_accounting_cash_overlay": 0.741, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.741, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-13% 1Y, 7% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "2305.T", "momentum_1y_return": -0.1327, "momentum_3m_return": -0.085, "momentum_52w_position": 0.0691 }, { "rank": 919, "ticker": "WKS.SI / WKS.L", "company": "Winking Studios", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #13", "batch": 40, "source_rank": 13, "base_moic": 1.7, "bull_moic": 3, "why": "Gaming art/AI-adjacent outsourcing theme; margin leverage not proven.", "clean_score": -0.11, "overall_rank": 919, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.9, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.74, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-9% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "WKS.SI", "momentum_1y_return": -0.087, "momentum_3m_return": -0.087, "momentum_52w_position": 0 }, { "ticker": "1610.HK", "company": "COFCO Joycome", "theme": "China Hog Cycle, Consumer Protein, Leverage", "source": "B60 #16", "batch": 60, "source_rank": 16, "base_moic": 1.36, "bull_moic": 2.08, "why": "Hog-cycle optionality, but FY2025 net loss, high net debt-to-equity, and weak current ratio require a cycle turn.", "rank": 920, "clean_score_pre_accounting_cash_overlay": 0.9, "sector": "Consumer & Media", "country": "Hong Kong / China", "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": -0.11, "overall_rank": 920, "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": 0.74, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-15% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "1610.HK", "momentum_1y_return": -0.1486, "momentum_3m_return": -0.2075, "momentum_52w_position": 0 }, { "rank": 921, "ticker": "8217.T", "company": "Okuwa", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #27", "batch": 41, "source_rank": 27, "base_moic": 1.1, "bull_moic": 1.3, "why": "Supermarket value, thin catalyst.", "clean_score": -0.112, "overall_rank": 921, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.738, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.738, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-15% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "8217.T", "momentum_1y_return": -0.1497, "momentum_3m_return": -0.0454, "momentum_52w_position": 0.0044 }, { "rank": 922, "ticker": "ITHMR.AE", "company": "Ithmaar", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #24", "batch": 45, "source_rank": 24, "base_moic": 1.1, "bull_moic": 1.8, "why": "Balance-sheet complexity, weak attributable profit.", "clean_score": -0.112, "overall_rank": 922, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.738, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.738, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (1% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "ITHMR.AE", "momentum_1y_return": 0.0108, "momentum_3m_return": -0.0208, "momentum_52w_position": 0.0511 }, { "rank": 923, "ticker": "TLF", "company": "Tandy Leather Factory", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #35", "batch": 39, "source_rank": 35, "base_moic": 1.3, "bull_moic": 1.88, "why": "Nano-cap specialty retailer with asset/turnaround value, but FY25 operating loss and liquidity risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 923, "clean_score": -0.117, "clean_score_pre_accounting_cash_overlay": 0.493, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.733, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-19% 1Y, 10% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "TLF", "momentum_1y_return": -0.1926, "momentum_3m_return": 0.0391, "momentum_52w_position": 0.0985 }, { "rank": 924, "ticker": "036640.KQ", "company": "HRS", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #4", "batch": 27, "source_rank": 4, "base_moic": 0, "bull_moic": 0, "why": "Deep-value Korean profitable industrial at low P/B and EV/EBITDA.", "tier": "D - Deprioritized / Avoid", "overall_rank": 924, "clean_score": -0.12, "clean_score_pre_accounting_cash_overlay": 0.63, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Industrials & Aerospace", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.73, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-4% 1Y, 21% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "036640.KQ", "momentum_1y_return": -0.0405, "momentum_3m_return": -0.008, "momentum_52w_position": 0.2121 }, { "rank": 925, "ticker": "MAY.AX", "company": "Melbana Energy", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #2", "batch": 30, "source_rank": 2, "base_moic": 4, "bull_moic": 12, "why": "Beehive/EOG exposure plus Cuba Block 9 optionality; financing-sensitive.", "tier": "D - Deprioritized / Avoid", "overall_rank": 925, "clean_score": -0.12, "clean_score_pre_accounting_cash_overlay": 0.89, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Australia", "clean_score_pre_momentum_overlay": 0.73, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-72% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 4.0x/12.0x.", "momentum_source": "yahoo", "momentum_symbol": "MAY.AX", "momentum_1y_return": -0.72, "momentum_3m_return": -0.125, "momentum_52w_position": 0 }, { "rank": 926, "ticker": "002567.SZ", "company": "Tangrenshen Group", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #22", "batch": 30, "source_rank": 22, "base_moic": 1.35, "bull_moic": 2.2, "why": "Hog/feed cycle recovery candidate with weak recent sales.", "tier": "D - Deprioritized / Avoid", "overall_rank": 926, "clean_score": -0.128, "clean_score_pre_accounting_cash_overlay": 0.722, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "China", "clean_score_pre_momentum_overlay": 0.722, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-18% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "002567.SZ", "momentum_1y_return": -0.1773, "momentum_3m_return": -0.0806, "momentum_52w_position": 0.0336 }, { "rank": 927, "ticker": "HHS", "company": "Harte Hanks", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #21", "batch": 49, "source_rank": 21, "base_moic": 1.6, "bull_moic": 3, "why": "Microcap turnaround optionality, but Q1 revenue fell and losses persisted.", "clean_score": -0.13, "overall_rank": 927, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.72, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.72, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-42% 1Y, 15% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "HHS", "momentum_1y_return": -0.415, "momentum_3m_return": 0, "momentum_52w_position": 0.1532 }, { "rank": 928, "ticker": "HMR", "company": "Heidmar Maritime", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #2", "batch": 48, "source_rank": 2, "base_moic": 1.83, "bull_moic": 3.33, "why": "Managed-fleet shipping torque with fleet growth, but Nasdaq compliance and governance risk.", "clean_score": -0.132, "overall_rank": 928, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.898, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.718, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-41% 1Y, 32% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.8x/3.3x.", "momentum_source": "yahoo", "momentum_symbol": "HMR", "momentum_1y_return": -0.4143, "momentum_3m_return": 0.4319, "momentum_52w_position": 0.3204 }, { "rank": 929, "ticker": "145720.KS", "company": "Dentium", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #5", "batch": 38, "source_rank": 5, "base_moic": 1.46, "bull_moic": 1.95, "why": "Quality healthcare name at depressed expectations; China weakness remains key overhang.", "tier": "D - Deprioritized / Avoid", "overall_rank": 929, "clean_score": -0.137, "clean_score_pre_accounting_cash_overlay": 0.713, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.713, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-22% 1Y, 18% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "145720.KS", "momentum_1y_return": -0.2208, "momentum_3m_return": -0.0617, "momentum_52w_position": 0.1773 }, { "rank": 930, "ticker": "2389.HK", "company": "BJ Health", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #30", "batch": 46, "source_rank": 30, "base_moic": 1.2, "bull_moic": 1.7, "why": "Cheap-looking but opaque, loss-making, and lacking catalyst.", "clean_score": -0.138, "overall_rank": 930, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.042, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.138, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (-14% 1Y, 26% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "2389.HK", "momentum_1y_return": -0.1375, "momentum_3m_return": 0.0455, "momentum_52w_position": 0.2571 }, { "rank": 931, "ticker": "4935.T", "company": "Liberta", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #13", "batch": 41, "source_rank": 13, "base_moic": 1.6, "bull_moic": 2.8, "why": "High-torque but messy; Q1 operating loss widened.", "clean_score": -0.142, "overall_rank": 931, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.708, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.708, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-5% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "4935.T", "momentum_1y_return": -0.0539, "momentum_3m_return": -0.0307, "momentum_52w_position": 0.0072 }, { "rank": 932, "ticker": "MOMO", "company": "Hello Group", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #7", "batch": 16, "source_rank": 7, "base_moic": 1.48, "bull_moic": 2.21, "why": "China cash-return deep value with secular decline/geopolitical discount.", "tier": "D - Deprioritized / Avoid", "overall_rank": 932, "clean_score": -0.149, "clean_score_pre_accounting_cash_overlay": 0.701, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.701, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (0% 1Y, 12% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "MOMO", "momentum_1y_return": 0, "momentum_3m_return": -0.0224, "momentum_52w_position": 0.117 }, { "rank": 933, "ticker": "LBRDA", "company": "Liberty Broadband", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #29", "batch": 16, "source_rank": 29, "base_moic": 1.02, "bull_moic": 1.48, "why": "Mostly Charter stub.", "tier": "D - Deprioritized / Avoid", "overall_rank": 933, "clean_score": -0.149, "clean_score_pre_accounting_cash_overlay": 0.701, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.701, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-63% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "LBRDA", "momentum_1y_return": -0.6299, "momentum_3m_return": -0.304, "momentum_52w_position": 0.0165 }, { "rank": 934, "ticker": "H9Y.HM", "company": "HanseYachts", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #4", "batch": 45, "source_rank": 4, "base_moic": 2, "bull_moic": 5, "why": "Tiny equity, restructuring-influenced profit, very high cyclic/debt risk.", "clean_score": -0.15, "overall_rank": 934, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.86, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.7, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-37% 1Y, 16% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "H9Y.HM", "momentum_1y_return": -0.3682, "momentum_3m_return": -0.0181, "momentum_52w_position": 0.162 }, { "rank": 935, "ticker": "ASPS", "company": "Altisource Portfolio Solutions", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #10", "batch": 13, "source_rank": 10, "base_moic": 1.31, "bull_moic": 2.77, "why": "Levered mortgage-servicing/foreclosure-cycle option, severe downside.", "tier": "D - Deprioritized / Avoid", "overall_rank": 935, "clean_score": -0.158, "clean_score_pre_accounting_cash_overlay": 0.852, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.692, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-2% 1Y, 20% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "ASPS", "momentum_1y_return": -0.0226, "momentum_3m_return": 0.022, "momentum_52w_position": 0.2009 }, { "rank": 936, "ticker": "TMV.DE", "company": "TeamViewer", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #7", "batch": 26, "source_rank": 7, "base_moic": 1.47, "bull_moic": 2.08, "why": "High-quality software margins at low-growth price.", "tier": "D - Deprioritized / Avoid", "overall_rank": 936, "clean_score": -0.163, "clean_score_pre_accounting_cash_overlay": 0.687, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Germany", "clean_score_pre_momentum_overlay": 0.687, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-45% 1Y, 24% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "TMV.DE", "momentum_1y_return": -0.452, "momentum_3m_return": 0.2972, "momentum_52w_position": 0.2441 }, { "rank": 937, "ticker": "091810.KQ", "company": "Trinity / T'way Air", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #19", "batch": 12, "source_rank": 19, "base_moic": 0.96, "bull_moic": 1.8, "why": "Airline equity with stressed capital structure.", "tier": "D - Deprioritized / Avoid", "overall_rank": 937, "clean_score": -0.166, "clean_score_pre_accounting_cash_overlay": 0.684, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.684, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-60% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "091810.KQ", "momentum_1y_return": -0.5976, "momentum_3m_return": -0.2623, "momentum_52w_position": 0 }, { "rank": 938, "ticker": "JAS.BK", "company": "Jasmine International", "theme": "Environmental Infrastructure, Education, Software, Data", "source": "B26 #19", "batch": 26, "source_rank": 19, "base_moic": 1.16, "bull_moic": 1.79, "why": "Digital/media pivot, weak current economics.", "tier": "D - Deprioritized / Avoid", "overall_rank": 938, "clean_score": -0.167, "clean_score_pre_accounting_cash_overlay": 0.683, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.683, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-35% 1Y, 6% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "JAS.BK", "momentum_1y_return": -0.3543, "momentum_3m_return": -0.0259, "momentum_52w_position": 0.0606 }, { "rank": 939, "ticker": "6180.TWO", "company": "Gamania Digital Entertainment", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #18", "batch": 13, "source_rank": 18, "base_moic": 1.15, "bull_moic": 1.79, "why": "Optionality from AI/gaming assets, but current fundamentals weak.", "tier": "D - Deprioritized / Avoid", "overall_rank": 939, "clean_score": -0.173, "clean_score_pre_accounting_cash_overlay": 0.677, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.677, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-48% 1Y, 4% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "6180.TWO", "momentum_1y_return": -0.4769, "momentum_3m_return": -0.0842, "momentum_52w_position": 0.0434 }, { "rank": 940, "ticker": "FPAR-D.ST", "company": "FastPartner D", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #12", "batch": 7, "source_rank": 12, "base_moic": 1.01, "bull_moic": 1.17, "why": "Income security, not torque.", "tier": "D - Deprioritized / Avoid", "overall_rank": 940, "clean_score": -0.174, "clean_score_pre_accounting_cash_overlay": 0.676, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.676, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-1% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "FPAR-D.ST", "momentum_1y_return": -0.0139, "momentum_3m_return": -0.0301, "momentum_52w_position": 0 }, { "rank": 941, "ticker": "CYG.AX", "company": "Coventry Group", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #8", "batch": 28, "source_rank": 8, "base_moic": 1.5, "bull_moic": 2.6, "why": "Deep turnaround after poor H1; Q3 reset showed improvement.", "tier": "D - Deprioritized / Avoid", "overall_rank": 941, "clean_score": -0.174, "clean_score_pre_accounting_cash_overlay": 0.676, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Australia", "clean_score_pre_momentum_overlay": 0.676, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-55% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "CYG.AX", "momentum_1y_return": -0.5536, "momentum_3m_return": -0.0854, "momentum_52w_position": 0.0105 }, { "rank": 942, "ticker": "353590.KQ", "company": "AUTO&", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #20", "batch": 54, "source_rank": 20, "base_moic": 1.4, "bull_moic": 3.1, "why": "Tiny auto-platform option at lows, limited evidence of earnings inflection.", "clean_score": -0.174, "overall_rank": 942, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.676, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.676, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-33% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "353590.KQ", "momentum_1y_return": -0.3272, "momentum_3m_return": -0.0929, "momentum_52w_position": 0.0265 }, { "rank": 943, "ticker": "FAR.TO / 3F3.F", "company": "Foraco", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #15", "batch": 52, "source_rank": 15, "base_moic": 1.32, "bull_moic": 1.65, "why": "Better drilling operator with Q1 growth, but already recognized after strong run.", "clean_score": -0.179, "overall_rank": 943, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.829, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": -0.829, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Deprioritized: excellent momentum confirms the setup (72% 1Y, 88% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "FAR.TO", "momentum_1y_return": 0.7243, "momentum_3m_return": 0.1859, "momentum_52w_position": 0.8833 }, { "rank": 944, "ticker": "1539.HK", "company": "Unity Group Holdings", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #25", "batch": 59, "source_rank": 25, "base_moic": 1.32, "bull_moic": 2.37, "why": "Energy-saving services theme but opaque HK microcap history and limited clean recurring economics.", "clean_score": -0.18, "clean_score_pre_accounting_cash_overlay": 0, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "refreshed_from": "B59 #25", "overall_rank": 944, "tier": "D - Deprioritized / Avoid", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.18, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (-4% 1Y, 76% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.3x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "1539.HK", "momentum_1y_return": -0.0385, "momentum_3m_return": -0.0132, "momentum_52w_position": 0.7619 }, { "rank": 945, "ticker": "ECONB.BR", "company": "Econocom Group", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #22", "batch": 37, "source_rank": 22, "base_moic": 1.3, "bull_moic": 1.67, "why": "Low-price transformation story with debt reduction, but low-margin IT exposure.", "tier": "D - Deprioritized / Avoid", "overall_rank": 945, "clean_score": -0.18, "clean_score_pre_accounting_cash_overlay": 0.83, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Belgium", "clean_score_pre_momentum_overlay": 0.67, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-23% 1Y, 17% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "ECONB.BR", "momentum_1y_return": -0.2323, "momentum_3m_return": 0.0232, "momentum_52w_position": 0.1719 }, { "rank": 946, "ticker": "215090.KQ", "company": "SolDefense", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #15", "batch": 28, "source_rank": 15, "base_moic": 1.2, "bull_moic": 1.8, "why": "Defense theme attractive, but data quality thin and valuation less obvious.", "tier": "D - Deprioritized / Avoid", "overall_rank": 946, "clean_score": -0.182, "clean_score_pre_accounting_cash_overlay": 0.668, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.668, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-53% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "215090.KQ", "momentum_1y_return": -0.5258, "momentum_3m_return": -0.2464, "momentum_52w_position": 0.002 }, { "rank": 947, "ticker": "6390.T", "company": "Kato Works", "theme": "Asset-Backed Property, Construction, Cement, Holdcos", "source": "B14 #8", "batch": 14, "source_rank": 8, "base_moic": 1.43, "bull_moic": 2.05, "why": "Deep P/B industrial, but leverage and operating losses require a turn.", "tier": "D - Deprioritized / Avoid", "overall_rank": 947, "clean_score": -0.189, "clean_score_pre_accounting_cash_overlay": 0.581, "accounting_cash_overlay": 0.08, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Industrials & Aerospace", "country": "Japan", "clean_score_pre_momentum_overlay": 0.661, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-3% 1Y, 3% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "6390.T", "momentum_1y_return": -0.0285, "momentum_3m_return": -0.1765, "momentum_52w_position": 0.0263 }, { "rank": 948, "ticker": "6399.KL", "company": "Astro Malaysia", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #15", "batch": 16, "source_rank": 15, "base_moic": 1.55, "bull_moic": 2.91, "why": "Max torque but structurally impaired pay-TV decline.", "tier": "D - Deprioritized / Avoid", "overall_rank": 948, "clean_score": -0.195, "clean_score_pre_accounting_cash_overlay": 0.655, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.655, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-69% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "6399.KL", "momentum_1y_return": -0.6944, "momentum_3m_return": -0.2667, "momentum_52w_position": 0 }, { "rank": 949, "ticker": "009270.KS", "company": "Shinwon", "theme": "Capital Markets / Asset Managers / Banks Additions", "source": "B43 #6", "batch": 43, "source_rank": 6, "base_moic": 1.34, "bull_moic": 2.16, "why": "Optical cheapness and Q1 improvement, but debt/interest burden weakest setup.", "clean_score": -0.196, "overall_rank": 949, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.814, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.654, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-39% 1Y, 1% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "009270.KS", "momentum_1y_return": -0.3932, "momentum_3m_return": -0.1458, "momentum_52w_position": 0.0111 }, { "rank": 950, "ticker": "023000.KS", "company": "Samwon Steel", "theme": "Metals & Materials / Steel, Auto Materials", "source": "B56 #27", "batch": 56, "source_rank": 27, "base_moic": 1.15, "bull_moic": 1.5, "why": "Cheap industrial with dividend support, but low torque.", "clean_score": -0.2, "clean_score_pre_accounting_cash_overlay": 0.55, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B56 #27", "overall_rank": 950, "tier": "D - Deprioritized / Avoid", "sector": "Metals & Materials", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.65, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-10% 1Y, 8% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "023000.KS", "momentum_1y_return": -0.1032, "momentum_3m_return": -0.0238, "momentum_52w_position": 0.0779 }, { "ticker": "373170.KQ", "company": "MICUBE Solution", "theme": "Korean Smart Factory / MES Software", "source": "B61 #22", "batch": 61, "source_rank": 22, "base_moic": 1.23, "bull_moic": 2, "why": "Smart-factory/MES theme is attractive, but valuation is not especially cheap and public data is sparse.", "rank": 951, "clean_score_pre_accounting_cash_overlay": 0.65, "sector": "Technology & Digital", "country": "South Korea", "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": -0.2, "overall_rank": 951, "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": 0.65, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-10% 1Y, 16% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "373170.KQ", "momentum_1y_return": -0.1007, "momentum_3m_return": 0.0082, "momentum_52w_position": 0.1572 }, { "rank": 952, "ticker": "6585.TW", "company": "DingZing", "theme": "Medtech, Consumer Turnarounds, Real Estate", "source": "B8 #10", "batch": 8, "source_rank": 10, "base_moic": 1.13, "bull_moic": 1.51, "why": "Decent business, weak torque at current valuation.", "tier": "D - Deprioritized / Avoid", "overall_rank": 952, "clean_score": -0.201, "clean_score_pre_accounting_cash_overlay": 0.649, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.649, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-27% 1Y, 29% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "6585.TW", "momentum_1y_return": -0.2697, "momentum_3m_return": 0.1468, "momentum_52w_position": 0.286 }, { "rank": 953, "ticker": "3835.T", "company": "eBASE", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #24", "batch": 51, "source_rank": 24, "base_moic": 1.19, "bull_moic": 1.55, "why": "High-quality net-cash software-like business, but low torque.", "clean_score": -0.203, "overall_rank": 953, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.647, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Japan", "clean_score_pre_momentum_overlay": 0.647, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-24% 1Y, 6% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "3835.T", "momentum_1y_return": -0.2389, "momentum_3m_return": -0.0223, "momentum_52w_position": 0.0584 }, { "rank": 954, "ticker": "7808.T", "company": "C.S. Lumber", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #8", "batch": 6, "source_rank": 8, "base_moic": 1.42, "bull_moic": 2.23, "why": "Cheap housing/lumber microcap; near-term numbers deteriorating.", "tier": "D - Deprioritized / Avoid", "overall_rank": 954, "clean_score": -0.204, "clean_score_pre_accounting_cash_overlay": 0.646, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.646, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-2% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "7808.T", "momentum_1y_return": -0.0197, "momentum_3m_return": -0.1226, "momentum_52w_position": 0.0892 }, { "rank": 955, "ticker": "GXI.SW", "company": "Gerresheimer", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #14", "batch": 38, "source_rank": 14, "base_moic": 1.28, "bull_moic": 1.8, "why": "Fallen-knife rerating candidate with EBITDA base, but guidance cuts and BaFin accounting investigation raise risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 955, "clean_score": -0.204, "clean_score_pre_accounting_cash_overlay": 0.986, "accounting_cash_overlay": -0.34, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Switzerland", "clean_score_pre_momentum_overlay": 0.646, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-69% 1Y, 12% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "GXI.SW", "momentum_1y_return": -0.6889, "momentum_3m_return": 0.358, "momentum_52w_position": 0.1238 }, { "rank": 956, "ticker": "BRK.AX", "company": "Brookside Energy", "theme": "Oil & Gas E&P / Services", "source": "B19 #6", "batch": 19, "source_rank": 6, "base_moic": 1.68, "bull_moic": 2.77, "why": "Oklahoma microcap drilling torque.", "tier": "D - Deprioritized / Avoid", "overall_rank": 956, "clean_score": -0.206, "clean_score_pre_accounting_cash_overlay": -0.206, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Australia", "clean_score_pre_momentum_overlay": -0.206, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (25% 1Y, 45% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "BRK.AX", "momentum_1y_return": 0.2533, "momentum_3m_return": -0.1215, "momentum_52w_position": 0.4483 }, { "rank": 957, "ticker": "8143.T", "company": "Lapine", "theme": "Consumer, Beauty, Education, Food, Holdcos", "source": "B5 #10", "batch": 5, "source_rank": 10, "base_moic": 1.33, "bull_moic": 2.66, "why": "Theoretical asset upside, but shrinking revenue/losses.", "tier": "D - Deprioritized / Avoid", "overall_rank": 957, "clean_score": -0.212, "clean_score_pre_accounting_cash_overlay": 0.638, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.638, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-36% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "8143.T", "momentum_1y_return": -0.3584, "momentum_3m_return": -0.0867, "momentum_52w_position": 0.0549 }, { "rank": 958, "ticker": "LSA.AX", "company": "Lachlan Star", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #11", "batch": 51, "source_rank": 11, "base_moic": 1.54, "bull_moic": 3.43, "why": "Binary drill-result exploration torque, not fundamental cash-flow value.", "clean_score": -0.22, "overall_rank": 958, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.72, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Australia", "clean_score_pre_momentum_overlay": -0.72, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Deprioritized: good momentum supports the rank (139% 1Y, 73% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "LSA.AX", "momentum_1y_return": 1.3944, "momentum_3m_return": 0.4167, "momentum_52w_position": 0.7305 }, { "rank": 959, "ticker": "NEN", "company": "New England Realty", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #17", "batch": 9, "source_rank": 17, "base_moic": 1.2, "bull_moic": 1.5, "why": "Asset value and distribution, but leverage caps upside.", "tier": "D - Deprioritized / Avoid", "overall_rank": 959, "clean_score": -0.22, "clean_score_pre_accounting_cash_overlay": 0.69, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.63, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-22% 1Y, 15% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.2x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "NEN", "momentum_1y_return": -0.2218, "momentum_3m_return": -0.0319, "momentum_52w_position": 0.1493 }, { "rank": 960, "ticker": "9206.T", "company": "Star Flyer", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #22", "batch": 48, "source_rank": 22, "base_moic": 1.25, "bull_moic": 1.66, "why": "Small airline recovery torque, but structurally poor risk/reward.", "clean_score": -0.22, "overall_rank": 960, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.63, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Japan", "clean_score_pre_momentum_overlay": 0.63, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-14% 1Y, 4% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "9206.T", "momentum_1y_return": -0.1358, "momentum_3m_return": -0.04, "momentum_52w_position": 0.0372 }, { "rank": 961, "ticker": "AIR.NZ / BZU.F", "company": "Air New Zealand", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #25", "batch": 48, "source_rank": 25, "base_moic": 1.2, "bull_moic": 1.81, "why": "Recovery possible, but fuel/engine-grounding and expected FY26 loss make downside unclean.", "clean_score": -0.221, "overall_rank": 961, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.629, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "New Zealand", "clean_score_pre_momentum_overlay": 0.629, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-30% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "AIR.NZ", "momentum_1y_return": -0.2958, "momentum_3m_return": -0.0287, "momentum_52w_position": 0.1 }, { "rank": 962, "ticker": "MKC-V", "company": "McCormick voting shares", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #28", "batch": 51, "source_rank": 28, "base_moic": 1.17, "bull_moic": 1.38, "why": "Defensive compounder, wrong mandate for high-torque small-cap value.", "clean_score": -0.225, "overall_rank": 962, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.625, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.625, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-35% 1Y, 4% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "MKC-V", "momentum_1y_return": -0.3538, "momentum_3m_return": -0.152, "momentum_52w_position": 0.0393 }, { "rank": 963, "ticker": "0513.HK", "company": "Continental Holdings", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #27", "batch": 45, "source_rank": 27, "base_moic": 1, "bull_moic": 2.5, "why": "Asset-discount lottery, loss-making and net debt.", "clean_score": -0.23, "overall_rank": 963, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.57, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.73, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Deprioritized: good momentum supports the rank (50% 1Y, 76% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.0x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "0513.HK", "momentum_1y_return": 0.5, "momentum_3m_return": 0.7805, "momentum_52w_position": 0.7615 }, { "rank": 964, "ticker": "601618.SS", "company": "Metallurgical Corp. of China", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #19", "batch": 23, "source_rank": 19, "base_moic": 1.16, "bull_moic": 1.74, "why": "Giant SOE, weak ROE and low torque.", "tier": "D - Deprioritized / Avoid", "overall_rank": 964, "clean_score": -0.23, "clean_score_pre_accounting_cash_overlay": 0.62, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.62, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-4% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "601618.SS", "momentum_1y_return": -0.0405, "momentum_3m_return": -0.0779, "momentum_52w_position": 0 }, { "rank": 965, "ticker": "122450.KQ", "company": "KX Innovation", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #7", "batch": 15, "source_rank": 7, "base_moic": 1.7, "bull_moic": 2.9, "why": "Cheap headline metrics and treasury actions, but Q4 loss/governance complexity.", "tier": "D - Deprioritized / Avoid", "overall_rank": 965, "clean_score": -0.236, "clean_score_pre_accounting_cash_overlay": 0.794, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.614, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-24% 1Y, 1% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.7x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "122450.KQ", "momentum_1y_return": -0.2384, "momentum_3m_return": -0.0809, "momentum_52w_position": 0.0145 }, { "rank": 966, "ticker": "TER.AX", "company": "TerraCom", "theme": "Metals, Mining, Commodity Cyclicals, Consumer / Infrastructure Corrections", "source": "B55 #2", "batch": 55, "source_rank": 2, "base_moic": 2.46, "bull_moic": 4.62, "why": "Highest operating torque after IMPACT, but coal/weather/capital raise/governance transition make the balance-sheet and trust risk high.", "clean_score": -0.24, "overall_rank": 966, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.95, "accounting_cash_overlay": -0.34, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "refreshed_from": "B55 #2", "prior_repass_source": "B52 #13", "sector": "Energy & Utilities", "country": "Australia", "clean_score_pre_momentum_overlay": 0.61, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (13% 1Y, 12% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 2.5x/4.6x.", "momentum_source": "yahoo", "momentum_symbol": "TER.AX", "momentum_1y_return": 0.125, "momentum_3m_return": -0.37, "momentum_52w_position": 0.1186 }, { "rank": 967, "ticker": "600340.SS", "company": "China Fortune Land", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #20", "batch": 23, "source_rank": 20, "base_moic": 1.04, "bull_moic": 2.17, "why": "Worst risk-adjusted despite optical upside.", "tier": "D - Deprioritized / Avoid", "overall_rank": 967, "clean_score": -0.256, "clean_score_pre_accounting_cash_overlay": 0.594, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.594, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-58% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "600340.SS", "momentum_1y_return": -0.5789, "momentum_3m_return": -0.2583, "momentum_52w_position": 0.0252 }, { "ticker": "LYKO-A.ST", "company": "Lyko Group", "theme": "Beauty E-commerce, Turnaround, Leverage", "source": "B61 #23", "batch": 61, "source_rank": 23, "base_moic": 1.3, "bull_moic": 2.25, "why": "Beauty e-commerce turnaround with gross-margin improvement and cost actions, but sales declined and cash-flow/leverage concerns dominate.", "rank": 968, "clean_score_pre_accounting_cash_overlay": 0.75, "sector": "Consumer & Media", "country": "Sweden", "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": -0.26, "overall_rank": 968, "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": 0.59, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-52% 1Y, 1% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "LYKO-A.ST", "momentum_1y_return": -0.5207, "momentum_3m_return": -0.112, "momentum_52w_position": 0.0088 }, { "rank": 969, "ticker": "SDOS.ST", "company": "ScandiDos", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #9", "batch": 11, "source_rank": 9, "base_moic": 1.24, "bull_moic": 2, "why": "Microcap medtech special situation with strategic-control optionality, but liquidity/losses/control overhang.", "tier": "D - Deprioritized / Avoid", "overall_rank": 969, "clean_score": -0.266, "clean_score_pre_accounting_cash_overlay": 0.344, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Healthcare & Pharma", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.584, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-16% 1Y, 24% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.2x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "SDOS.ST", "momentum_1y_return": -0.1566, "momentum_3m_return": 0.096, "momentum_52w_position": 0.2364 }, { "rank": 970, "ticker": "ENW.L", "company": "Enwell Energy", "theme": "Oil & Gas E&P / Services", "source": "B19 #9", "batch": 19, "source_rank": 9, "base_moic": 1.6, "bull_moic": 4.36, "why": "Ukraine/license binary.", "tier": "D - Deprioritized / Avoid", "overall_rank": 970, "clean_score": -0.27, "clean_score_pre_accounting_cash_overlay": 0.58, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.58, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-37% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/4.4x.", "momentum_source": "yahoo", "momentum_symbol": "ENW.L", "momentum_1y_return": -0.3684, "momentum_3m_return": -0.2381, "momentum_52w_position": 0.0496 }, { "rank": 971, "ticker": "025900.KS", "company": "Dongwha Enterprise", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #11", "batch": 48, "source_rank": 11, "base_moic": 1.43, "bull_moic": 2.19, "why": "Depressed wood-products/materials name with battery-material optionality; debt and slow end markets.", "clean_score": -0.271, "overall_rank": 971, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.739, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.579, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (5% 1Y, 17% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "025900.KS", "momentum_1y_return": 0.0451, "momentum_3m_return": -0.1623, "momentum_52w_position": 0.1691 }, { "rank": 972, "ticker": "MXG.TO", "company": "Maxim Power", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #15", "batch": 9, "source_rank": 15, "base_moic": 1.28, "bull_moic": 1.83, "why": "Merchant-power optionality with clean balance sheet, less torque.", "tier": "D - Deprioritized / Avoid", "overall_rank": 972, "clean_score": -0.272, "clean_score_pre_accounting_cash_overlay": 0.578, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Canada", "clean_score_pre_momentum_overlay": 0.578, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-0% 1Y, 7% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "MXG.TO", "momentum_1y_return": -0.0024, "momentum_3m_return": -0.0475, "momentum_52w_position": 0.0685 }, { "rank": 973, "ticker": "160550.KQ", "company": "NEW", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #10", "batch": 44, "source_rank": 10, "base_moic": 1.66, "bull_moic": 3.33, "why": "Korean content lottery near lows.", "clean_score": -0.274, "overall_rank": 973, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.576, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.576, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-34% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.7x/3.3x.", "momentum_source": "yahoo", "momentum_symbol": "160550.KQ", "momentum_1y_return": -0.3407, "momentum_3m_return": -0.1568, "momentum_52w_position": 0 }, { "rank": 974, "ticker": "3333.T", "company": "Asahi Co.", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #15", "batch": 42, "source_rank": 15, "base_moic": 1.18, "bull_moic": 1.42, "why": "Stable bicycle retailer, weak torque.", "clean_score": -0.277, "overall_rank": 974, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.573, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.573, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-7% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "3333.T", "momentum_1y_return": -0.0668, "momentum_3m_return": -0.024, "momentum_52w_position": 0.0462 }, { "rank": 975, "ticker": "NAVI", "company": "Navient", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #20", "batch": 45, "source_rank": 20, "base_moic": 1.25, "bull_moic": 2, "why": "Legacy finance self-help, regulatory/servicing overhang.", "clean_score": -0.28, "overall_rank": 975, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.33, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.57, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-36% 1Y, 5% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "NAVI", "momentum_1y_return": -0.3598, "momentum_3m_return": 0.0247, "momentum_52w_position": 0.0545 }, { "rank": 976, "ticker": "5284.KL", "company": "LCTITAN", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #6", "batch": 51, "source_rank": 6, "base_moic": 1.64, "bull_moic": 2.74, "why": "Petrochemical-cycle option; revenue rose but losses persisted.", "clean_score": -0.282, "overall_rank": 976, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.568, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.568, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-35% 1Y, 17% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "5284.KL", "momentum_1y_return": -0.3514, "momentum_3m_return": -0.1724, "momentum_52w_position": 0.1724 }, { "rank": 977, "ticker": "NOL.OL", "company": "Northern Ocean", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #15", "batch": 6, "source_rank": 15, "base_moic": 1.2, "bull_moic": 1.6, "why": "Two-rig offshore drilling exposure; losses/asset concentration.", "tier": "D - Deprioritized / Avoid", "overall_rank": 977, "clean_score": -0.284, "clean_score_pre_accounting_cash_overlay": -0.584, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Norway", "clean_score_pre_momentum_overlay": -0.584, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Deprioritized: positive momentum gives it credit (54% 1Y, 62% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "NOL.OL", "momentum_1y_return": 0.5414, "momentum_3m_return": -0.018, "momentum_52w_position": 0.624 }, { "rank": 978, "ticker": "5952.T", "company": "Amatei", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #27", "batch": 52, "source_rank": 27, "base_moic": 1.17, "bull_moic": 1.63, "why": "Microcap Japan industrial with value support, limited growth/earnings power.", "clean_score": -0.29, "overall_rank": 978, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.56, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Japan", "clean_score_pre_momentum_overlay": 0.56, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (10% 1Y, 20% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "5952.T", "momentum_1y_return": 0.103, "momentum_3m_return": -0.057, "momentum_52w_position": 0.2 }, { "rank": 979, "ticker": "1857.HK", "company": "CEB Water", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #5", "batch": 13, "source_rank": 5, "base_moic": 1.5, "bull_moic": 2.14, "why": "Cheap real earnings, but China water receivable/debt risk suppresses multiple.", "tier": "D - Deprioritized / Avoid", "overall_rank": 979, "clean_score": -0.292, "clean_score_pre_accounting_cash_overlay": 0.718, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.558, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (1% 1Y, 6% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "1857.HK", "momentum_1y_return": 0.0146, "momentum_3m_return": -0.0608, "momentum_52w_position": 0.0606 }, { "rank": 980, "ticker": "SOUC.L / SOU.V", "company": "Southern Energy", "theme": "Oil & Gas E&P / Services", "source": "B19 #1", "batch": 19, "source_rank": 1, "base_moic": 2.13, "bull_moic": 4.8, "why": "Best microcap recap torque; bank debt gone pro forma, maturities pushed to 2028.", "tier": "D - Deprioritized / Avoid", "overall_rank": 980, "clean_score": -0.292, "clean_score_pre_accounting_cash_overlay": 0.718, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Canada", "clean_score_pre_momentum_overlay": 0.558, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (14% 1Y, 40% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.1x/4.8x.", "momentum_source": "yahoo", "momentum_symbol": "SOUC.L", "momentum_1y_return": 0.1364, "momentum_3m_return": -0.2105, "momentum_52w_position": 0.4048 }, { "rank": 981, "ticker": "GST.L", "company": "GSTechnologies", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #10", "batch": 18, "source_rank": 10, "base_moic": 1.71, "bull_moic": 4.29, "why": "Crypto/fintech story stock; thin fundamentals/dilutive.", "tier": "D - Deprioritized / Avoid", "overall_rank": 981, "clean_score": -0.294, "clean_score_pre_accounting_cash_overlay": 0.716, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.556, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-74% 1Y, 23% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/4.3x.", "momentum_source": "yahoo", "momentum_symbol": "GST.L", "momentum_1y_return": -0.74, "momentum_3m_return": -0.1333, "momentum_52w_position": 0.2279 }, { "rank": 982, "ticker": "1596.HK / LS:A2DJE8", "company": "Hebei Yichen Industrial", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #6", "batch": 48, "source_rank": 6, "base_moic": 1.67, "bull_moic": 2.73, "why": "Huge FY2025 profit rebound in rail infrastructure; China/H-share governance and liquidity risk.", "clean_score": -0.294, "overall_rank": 982, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.496, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.556, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-72% 1Y, 3% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.7x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "1596.HK", "momentum_1y_return": -0.7163, "momentum_3m_return": -0.396, "momentum_52w_position": 0.029 }, { "rank": 983, "ticker": "GOTU / 18WA.F", "company": "Gaotu Techedu", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #15", "batch": 39, "source_rank": 15, "base_moic": 1.8, "bull_moic": 2.91, "why": "China education optionality with net-cash characteristics; losses and regulatory overhang remain.", "tier": "D - Deprioritized / Avoid", "overall_rank": 983, "clean_score": -0.295, "clean_score_pre_accounting_cash_overlay": 0.555, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 0.555, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-50% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "GOTU", "momentum_1y_return": -0.5026, "momentum_3m_return": -0.0503, "momentum_52w_position": 0.0138 }, { "rank": 984, "ticker": "FLL", "company": "Full House Resorts", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #2", "batch": 41, "source_rank": 2, "base_moic": 2.2, "bull_moic": 4, "why": "High casino equity torque; Chamonix/American Place ramp versus refinancing/leverage risk.", "clean_score": -0.3, "overall_rank": 984, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.71, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.55, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-22% 1Y, 21% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.2x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "FLL", "momentum_1y_return": -0.2216, "momentum_3m_return": 0.0916, "momentum_52w_position": 0.2107 }, { "rank": 985, "ticker": "SBO.OL", "company": "Selvaag Bolig", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #22", "batch": 58, "source_rank": 22, "base_moic": 1.14, "bull_moic": 1.39, "why": "Reasonable yield/recovery play, but consensus upside modest.", "clean_score": -0.3, "clean_score_pre_accounting_cash_overlay": 0.55, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #22", "overall_rank": 985, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": 0.55, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-4% 1Y, 12% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "SBO.OL", "momentum_1y_return": -0.0437, "momentum_3m_return": -0.0575, "momentum_52w_position": 0.1161 }, { "rank": 986, "ticker": "002982.SZ", "company": "Hunan Xiangjia", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #29", "batch": 44, "source_rank": 29, "base_moic": 1.02, "bull_moic": 1.61, "why": "Animal husbandry cyclicality, not enough value protection.", "clean_score": -0.301, "overall_rank": 986, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.549, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.549, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-12% 1Y, 19% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "002982.SZ", "momentum_1y_return": -0.1172, "momentum_3m_return": -0.0552, "momentum_52w_position": 0.194 }, { "rank": 987, "ticker": "ALCOX.PA", "company": "Nicox", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #2", "batch": 10, "source_rank": 2, "base_moic": 1.83, "bull_moic": 3.82, "why": "Highest clean catalyst torque, but microcap biotech/dilution risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 987, "clean_score": -0.313, "clean_score_pre_accounting_cash_overlay": -0.153, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "France", "clean_score_pre_momentum_overlay": -0.313, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (74% 1Y, 44% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/3.8x.", "momentum_source": "yahoo", "momentum_symbol": "ALCOX.PA", "momentum_1y_return": 0.7389, "momentum_3m_return": -0.085, "momentum_52w_position": 0.4386 }, { "rank": 988, "ticker": "KMR.L", "company": "Kenmare Resources", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #14", "batch": 9, "source_rank": 14, "base_moic": 1.44, "bull_moic": 2.19, "why": "Mineral sands recovery; hostage to pricing/leverage after capex.", "tier": "D - Deprioritized / Avoid", "overall_rank": 988, "clean_score": -0.315, "clean_score_pre_accounting_cash_overlay": 0.695, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.535, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-39% 1Y, 17% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "KMR.L", "momentum_1y_return": -0.3866, "momentum_3m_return": 0.0933, "momentum_52w_position": 0.1671 }, { "rank": 989, "ticker": "2126.HK", "company": "JW Therapeutics", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #3", "batch": 13, "source_rank": 3, "base_moic": 1.46, "bull_moic": 2.91, "why": "Highest biotech optionality in batch; commercial CAR-T asset and cash support, still binary.", "tier": "D - Deprioritized / Avoid", "overall_rank": 989, "clean_score": -0.319, "clean_score_pre_accounting_cash_overlay": 0.431, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.531, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (23% 1Y, 10% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.9x.", "momentum_source": "yahoo", "momentum_symbol": "2126.HK", "momentum_1y_return": 0.2312, "momentum_3m_return": 0.139, "momentum_52w_position": 0.1038 }, { "rank": 990, "ticker": "603079.SS", "company": "Zhejiang Shengda Bio-Pharm", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #18", "batch": 28, "source_rank": 18, "base_moic": 1, "bull_moic": 1.5, "why": "Not cheap enough for volatility and Q1 decline.", "tier": "D - Deprioritized / Avoid", "overall_rank": 990, "clean_score": -0.32, "clean_score_pre_accounting_cash_overlay": 0.53, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.53, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-6% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "603079.SS", "momentum_1y_return": -0.0557, "momentum_3m_return": -0.1167, "momentum_52w_position": 0.0533 }, { "rank": 991, "ticker": "603018.SS", "company": "China Design Group", "theme": "Gold/Copper Producers, PAX Value, Industrial Cyclicals", "source": "B28 #16", "batch": 28, "source_rank": 16, "base_moic": 1.1, "bull_moic": 1.4, "why": "Cheap but declining earnings quality.", "tier": "D - Deprioritized / Avoid", "overall_rank": 991, "clean_score": -0.326, "clean_score_pre_accounting_cash_overlay": 0.524, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.524, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-1% 1Y, 13% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "603018.SS", "momentum_1y_return": -0.0093, "momentum_3m_return": -0.0324, "momentum_52w_position": 0.1348 }, { "rank": 992, "ticker": "OMXSTO:IRLAB_A", "company": "IRLAB Therapeutics A", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #22", "batch": 47, "source_rank": 22, "base_moic": 1.7, "bull_moic": 4, "why": "Bombed-out Parkinson pipeline with cash and milestone revenue; financing risk is high.", "clean_score": -0.33, "overall_rank": 992, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.68, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.52, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty. Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/4.0x.", "momentum_source": "fallback" }, { "rank": 993, "ticker": "0279.KL", "company": "Synergy House", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #14", "batch": 16, "source_rank": 14, "base_moic": 1.4, "bull_moic": 2.25, "why": "Depressed furniture/e-commerce operating leverage.", "tier": "D - Deprioritized / Avoid", "overall_rank": 993, "clean_score": -0.335, "clean_score_pre_accounting_cash_overlay": 0.675, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.515, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-72% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "0279.KL", "momentum_1y_return": -0.7234, "momentum_3m_return": -0.1875, "momentum_52w_position": 0 }, { "rank": 994, "ticker": "192390.KQ", "company": "Winhitech", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #18", "batch": 12, "source_rank": 18, "base_moic": 0.87, "bull_moic": 1.63, "why": "Base below current; negative EBITDA/latest-quarter net income.", "tier": "D - Deprioritized / Avoid", "overall_rank": 994, "clean_score": -0.34, "clean_score_pre_accounting_cash_overlay": 0.41, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.51, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-39% 1Y, 3% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.9x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "192390.KQ", "momentum_1y_return": -0.3939, "momentum_3m_return": -0.1198, "momentum_52w_position": 0.0347 }, { "rank": 995, "ticker": "ATN.L", "company": "Aterian", "theme": "UK/AIM Distress, Auto Suppliers, Explorers", "source": "B18 #9", "batch": 18, "source_rank": 9, "base_moic": 1.91, "bull_moic": 5.11, "why": "Huge exploration optionality, extreme funding/geology risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 995, "clean_score": -0.344, "clean_score_pre_accounting_cash_overlay": 0.506, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.506, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-40% 1Y, 16% of 52-week range). No major accounting flag is shown. Base/bull case: 1.9x/5.1x.", "momentum_source": "yahoo", "momentum_symbol": "ATN.L", "momentum_1y_return": -0.3974, "momentum_3m_return": -0.0208, "momentum_52w_position": 0.1622 }, { "rank": 996, "ticker": "IEP.BR", "company": "IEP Invest", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #25", "batch": 45, "source_rank": 25, "base_moic": 1.1, "bull_moic": 1.5, "why": "Illiquid holdco value, little unlock evidence.", "clean_score": -0.35, "overall_rank": 996, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.5, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Belgium", "clean_score_pre_momentum_overlay": 0.5, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-2% 1Y, 17% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "IEP.BR", "momentum_1y_return": -0.0192, "momentum_3m_return": -0.0727, "momentum_52w_position": 0.1667 }, { "rank": 997, "ticker": "069640.KS", "company": "HANSAEMK", "theme": "Industrials, Aerospace, Specialty Services, Hardware", "source": "B54 #25", "batch": 54, "source_rank": 25, "base_moic": 1, "bull_moic": 2.5, "why": "Apparel turnaround with negative margins and FCF; weak until cash-flow repair.", "clean_score": -0.35, "overall_rank": 997, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.4, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.5, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-49% 1Y, 9% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.0x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "069640.KS", "momentum_1y_return": -0.4883, "momentum_3m_return": 0.1372, "momentum_52w_position": 0.0933 }, { "rank": 998, "ticker": "1439.TW", "company": "Ascent Development", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #23", "batch": 58, "source_rank": 23, "base_moic": 1.37, "bull_moic": 1.96, "why": "Decent upside but Taiwan property cyclicality and revenue volatility.", "clean_score": -0.35, "clean_score_pre_accounting_cash_overlay": 0.5, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #23", "overall_rank": 998, "tier": "D - Deprioritized / Avoid", "sector": "Property & Infrastructure", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.5, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-19% 1Y, 8% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "1439.TW", "momentum_1y_return": -0.193, "momentum_3m_return": -0.0794, "momentum_52w_position": 0.0809 }, { "rank": 999, "ticker": "NETEL.ST", "company": "Netel Holding", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #14", "batch": 59, "source_rank": 14, "base_moic": 1.57, "bull_moic": 2.49, "why": "Depressed infrastructure contractor with backlog, but weak Q1 margin and negative operating cash flow.", "clean_score": -0.35, "clean_score_pre_accounting_cash_overlay": 0.4, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #14", "overall_rank": 999, "tier": "D - Deprioritized / Avoid", "sector": "Property & Infrastructure", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.5, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-63% 1Y, 4% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "NETEL.ST", "momentum_1y_return": -0.6272, "momentum_3m_return": -0.0281, "momentum_52w_position": 0.0407 }, { "rank": 1000, "ticker": "0356.HK", "company": "DT Capital", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #30", "batch": 30, "source_rank": 30, "base_moic": 0.5, "bull_moic": 1.2, "why": "Weakest setup; appears above NAV with limited operating catalyst.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1000, "clean_score": -0.358, "clean_score_pre_accounting_cash_overlay": 0.252, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.492, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-14% 1Y, 11% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 0.5x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "0356.HK", "momentum_1y_return": -0.1364, "momentum_3m_return": -0.1094, "momentum_52w_position": 0.1053 }, { "ticker": "018700.KQ", "company": "JOLSE", "theme": "K-Beauty E-commerce, Dilution Risk", "source": "B61 #24", "batch": 61, "source_rank": 24, "base_moic": 1.2, "bull_moic": 2.31, "why": "K-beauty/ecommerce optionality, but recent financing at ₩1,595 is dilutive and makes current price harder to underwrite.", "rank": 1001, "clean_score_pre_accounting_cash_overlay": 0.65, "sector": "Consumer & Media", "country": "South Korea", "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": -0.36, "overall_rank": 1001, "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": 0.49, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-21% 1Y, 22% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "018700.KQ", "momentum_1y_return": -0.2061, "momentum_3m_return": 0.2731, "momentum_52w_position": 0.2182 }, { "rank": 1002, "ticker": "BPOST.BR", "company": "bpost", "theme": "Asian Property, Construction, Energy & Asset Discounts", "source": "B23 #10", "batch": 23, "source_rank": 10, "base_moic": 1.36, "bull_moic": 1.99, "why": "Cheap turnaround, structurally impaired.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1002, "clean_score": -0.365, "clean_score_pre_accounting_cash_overlay": 0.485, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Belgium", "clean_score_pre_momentum_overlay": 0.485, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (1% 1Y, 13% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "BPOST.BR", "momentum_1y_return": 0.0138, "momentum_3m_return": -0.0276, "momentum_52w_position": 0.1321 }, { "rank": 1003, "ticker": "3601.HK", "company": "Ludashi", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #28", "batch": 40, "source_rank": 28, "base_moic": 1.2, "bull_moic": 1.6, "why": "Statistically cheap but deteriorating games/software.", "clean_score": -0.374, "overall_rank": 1003, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.476, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Technology & Digital", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.476, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-14% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "3601.HK", "momentum_1y_return": -0.1443, "momentum_3m_return": -0.0235, "momentum_52w_position": 0.1 }, { "rank": 1004, "ticker": "BRY", "company": "Berry Petroleum", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #29", "batch": 53, "source_rank": 29, "base_moic": 0, "bull_moic": 0, "why": "Remove: merger with California Resources closed and common ceased trading.", "clean_score": -0.38, "overall_rank": 1004, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.4, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "United States", "clean_score_pre_momentum_overlay": -0.3, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Deprioritized: data-limited momentum gets only neutral credit. Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "fallback" }, { "rank": 1005, "ticker": "5345.TWO", "company": "Fullhome Development", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #26", "batch": 35, "source_rank": 26, "base_moic": 0.6, "bull_moic": 1.7, "why": "Mostly asset/speculation; revenue tiny relative to market cap.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1005, "clean_score": -0.388, "clean_score_pre_accounting_cash_overlay": 0.462, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.462, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-22% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 0.6x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "5345.TWO", "momentum_1y_return": -0.2171, "momentum_3m_return": -0.1022, "momentum_52w_position": 0 }, { "rank": 1006, "ticker": "2561.HK", "company": "VISEN Pharmaceuticals", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #24", "batch": 47, "source_rank": 24, "base_moic": 1.35, "bull_moic": 2.19, "why": "Endocrinology commercialization optionality, still loss-making and not obviously cheap.", "clean_score": -0.389, "overall_rank": 1006, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.461, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.461, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-46% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "2561.HK", "momentum_1y_return": -0.4601, "momentum_3m_return": -0.0818, "momentum_52w_position": 0.0521 }, { "rank": 1007, "ticker": "NOLA-B.ST / 0OA9", "company": "Nolato", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #25", "batch": 52, "source_rank": 25, "base_moic": 1.19, "bull_moic": 1.43, "why": "Quality industrial/medical polymer name, stable but limited torque.", "clean_score": -0.39, "overall_rank": 1007, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.46, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Sweden", "clean_score_pre_momentum_overlay": 0.46, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-14% 1Y, 21% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "NOLA-B.ST", "momentum_1y_return": -0.1433, "momentum_3m_return": 0.0223, "momentum_52w_position": 0.2136 }, { "rank": 1008, "ticker": "USEG", "company": "U.S. Energy", "theme": "Helium, Korea Semis, Telecom, Special Situations", "source": "B15 #1", "batch": 15, "source_rank": 1, "base_moic": 2.2, "bull_moic": 3.9, "why": "Best torque; Big Sky helium moved from story to project option, still binary/loss-making.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1008, "clean_score": -0.396, "clean_score_pre_accounting_cash_overlay": 0.454, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "United States", "clean_score_pre_momentum_overlay": 0.454, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-28% 1Y, 14% of 52-week range). No major accounting flag is shown. Base/bull case: 2.2x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "USEG", "momentum_1y_return": -0.28, "momentum_3m_return": -0.1176, "momentum_52w_position": 0.1382 }, { "rank": 1009, "ticker": "MCB.TO", "company": "McCoy Global", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #13", "batch": 25, "source_rank": 13, "base_moic": 1.4, "bull_moic": 2.2, "why": "Net-cash/technology optionality, Q1 poor.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1009, "clean_score": -0.398, "clean_score_pre_accounting_cash_overlay": 0.452, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": 0.452, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-39% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "MCB.TO", "momentum_1y_return": -0.3869, "momentum_3m_return": 0.0045, "momentum_52w_position": 0.0181 }, { "rank": 1010, "ticker": "2499.T", "company": "Nihonwasou Holdings", "theme": "Healthcare / Consumer / Education / Cannabis Additions", "source": "B42 #16", "batch": 42, "source_rank": 16, "base_moic": 1.13, "bull_moic": 1.54, "why": "Weak operating momentum and fraud incident.", "clean_score": -0.4, "overall_rank": 1010, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.45, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Japan", "clean_score_pre_momentum_overlay": 0.45, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-8% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "2499.T", "momentum_1y_return": -0.0757, "momentum_3m_return": -0.1382, "momentum_52w_position": 0.0962 }, { "rank": 1011, "ticker": "3544.T", "company": "Satudora Holdings", "theme": "Consumer & Media / Japan Retail", "source": "B59 #23", "batch": 59, "source_rank": 23, "base_moic": 1.21, "bull_moic": 1.61, "why": "Solid retailer with profit growth, but valuation not distressed.", "clean_score": -0.4, "clean_score_pre_accounting_cash_overlay": 0.45, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B59 #23", "overall_rank": 1011, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.45, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-5% 1Y, 13% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "3544.T", "momentum_1y_return": -0.0535, "momentum_3m_return": -0.0097, "momentum_52w_position": 0.1327 }, { "rank": 1012, "ticker": "6068.HK", "company": "Wisdom Education", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #26", "batch": 45, "source_rank": 26, "base_moic": 1.1, "bull_moic": 2, "why": "Optically cheap but deteriorating; not clean.", "clean_score": -0.41, "overall_rank": 1012, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.44, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.44, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-34% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "6068.HK", "momentum_1y_return": -0.3364, "momentum_3m_return": 0.058, "momentum_52w_position": 0.0875 }, { "rank": 1013, "ticker": "411080.KQ", "company": "SANDS Lab", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #18", "batch": 38, "source_rank": 18, "base_moic": 1.31, "bull_moic": 2, "why": "Cybersecurity/AI thematic torque, but loss-making and high sales multiple.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1013, "clean_score": -0.424, "clean_score_pre_accounting_cash_overlay": 0.426, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.426, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-29% 1Y, 24% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "411080.KQ", "momentum_1y_return": -0.2895, "momentum_3m_return": 0.0455, "momentum_52w_position": 0.2398 }, { "rank": 1014, "ticker": "1148.HK", "company": "Xinchen China Power", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #11", "batch": 6, "source_rank": 11, "base_moic": 1.48, "bull_moic": 2.33, "why": "Statistically cheap but structurally impaired ICE-engine exposure.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1014, "clean_score": -0.432, "clean_score_pre_accounting_cash_overlay": 0.418, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.418, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (27% 1Y, 22% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "1148.HK", "momentum_1y_return": 0.2688, "momentum_3m_return": -0.1094, "momentum_52w_position": 0.2201 }, { "rank": 1015, "ticker": "VCIG", "company": "VCI Global", "theme": "Software, Data, Adtech, Services", "source": "B22 #19", "batch": 22, "source_rank": 19, "base_moic": 0.7, "bull_moic": 2.6, "why": "Avoid fundamentally after repeated reverse splits/financings.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1015, "clean_score": -0.434, "clean_score_pre_accounting_cash_overlay": 0.576, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.416, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-100% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 0.7x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "VCIG", "momentum_1y_return": -0.9999, "momentum_3m_return": -0.5823, "momentum_52w_position": 0 }, { "rank": 1016, "ticker": "PROS-R.BK", "company": "Prosper Engineering", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #14", "batch": 36, "source_rank": 14, "base_moic": 1.21, "bull_moic": 2.76, "why": "Deep distress; low P/S but revenue falling and company loss-making.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1016, "clean_score": -0.438, "clean_score_pre_accounting_cash_overlay": 0.412, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.412, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-82% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "PROS-R.BK", "momentum_1y_return": -0.8152, "momentum_3m_return": -0.3793, "momentum_52w_position": 0 }, { "rank": 1017, "ticker": "4724.TWO", "company": "Meribank Biotech", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #29", "batch": 46, "source_rank": 29, "base_moic": 1.2, "bull_moic": 2.3, "why": "Speculative stem-cell/NK optionality without enough valuation support.", "clean_score": -0.442, "overall_rank": 1017, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.408, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.408, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-21% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "4724.TWO", "momentum_1y_return": -0.2126, "momentum_3m_return": -0.1713, "momentum_52w_position": 0 }, { "rank": 1018, "ticker": "SBC", "company": "SBC Medical Group", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #5", "batch": 46, "source_rank": 5, "base_moic": 2, "bull_moic": 3.1, "why": "Cheap on reported earnings/EV, but governance, related-party exposure, fee resets, and revenue decline demand a discount.", "clean_score": -0.444, "overall_rank": 1018, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.586, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.406, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-7% 1Y, 13% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 2.0x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "SBC", "momentum_1y_return": -0.0692, "momentum_3m_return": -0.0771, "momentum_52w_position": 0.1295 }, { "rank": 1019, "ticker": "1712.HK", "company": "Dragon Mining", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #16", "batch": 52, "source_rank": 16, "base_moic": 1.29, "bull_moic": 1.82, "why": "Gold exposure with Nordic assets, but liquidity/disclosure lower confidence.", "clean_score": -0.447, "overall_rank": 1019, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.343, "accounting_cash_overlay": 0.06, "accounting_risk_flag": "watch", "balance_sheet_signal": "high-cash/net-cash", "sector": "Metals & Materials", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.403, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (150% 1Y, 44% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.3x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "1712.HK", "momentum_1y_return": 1.4983, "momentum_3m_return": -0.1814, "momentum_52w_position": 0.4369 }, { "rank": 1020, "ticker": "OPTU", "company": "Optimum Communications", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #26", "batch": 30, "source_rank": 26, "base_moic": 1.2, "bull_moic": 4, "why": "Levered cable equity option; weaker than Mobico due debt/competition sentiment.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1020, "clean_score": -0.45, "clean_score_pre_accounting_cash_overlay": 0.56, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 0.4, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-71% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "OPTU", "momentum_1y_return": -0.7132, "momentum_3m_return": -0.5283, "momentum_52w_position": 0 }, { "rank": 1021, "ticker": "III.TO / L7D.F", "company": "Imperial Metals", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #11", "batch": 52, "source_rank": 11, "base_moic": 1.37, "bull_moic": 1.96, "why": "Copper/gold assets with positive Q1 net income; shipment timing/capital/leverage risk.", "clean_score": -0.45, "overall_rank": 1021, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.46, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 0.4, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (63% 1Y, 25% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "III.TO", "momentum_1y_return": 0.6257, "momentum_3m_return": -0.2028, "momentum_52w_position": 0.2505 }, { "rank": 1022, "ticker": "3743.KL", "company": "Sunsuria", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #17", "batch": 58, "source_rank": 17, "base_moic": 1.59, "bull_moic": 2.7, "why": "Deep P/B discount but Q1 FY26 revenue/profit fell sharply.", "clean_score": -0.45, "clean_score_pre_accounting_cash_overlay": 0.3, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B58 #17", "overall_rank": 1022, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.4, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-25% 1Y, 19% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.6x/2.7x.", "momentum_source": "yahoo", "momentum_symbol": "3743.KL", "momentum_1y_return": -0.25, "momentum_3m_return": 0, "momentum_52w_position": 0.1875 }, { "rank": 1023, "ticker": "LIIHEN.KL", "company": "Lii Hen Industries", "theme": "Tournament Top-100 Consolidated Rerank Refresh", "source": "B39 #16", "batch": 39, "source_rank": 16, "base_moic": 1.38, "bull_moic": 2.13, "why": "Furniture exporter near lows; cycle recovery and operating leverage needed.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1023, "clean_score": -0.454, "clean_score_pre_accounting_cash_overlay": 0.556, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": 0.396, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty. Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.1x.", "momentum_source": "fallback" }, { "rank": 1024, "ticker": "1691.HK", "company": "JS Global Lifestyle", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #18", "batch": 45, "source_rank": 18, "base_moic": 1.25, "bull_moic": 2, "why": "Appliance turnaround, still loss-making.", "clean_score": -0.46, "overall_rank": 1024, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.39, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.39, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-24% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "1691.HK", "momentum_1y_return": -0.24, "momentum_3m_return": -0.1412, "momentum_52w_position": 0 }, { "rank": 1025, "ticker": "SNX.WA", "company": "Sunex", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #10", "batch": 59, "source_rank": 10, "base_moic": 1.79, "bull_moic": 3.57, "why": "Beaten-down heat-pump/HVAC optionality with strategic/financing headlines; negative EPS and debt risk.", "clean_score": -0.46, "clean_score_pre_accounting_cash_overlay": 0.55, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B59 #10", "overall_rank": 1025, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Poland", "clean_score_pre_momentum_overlay": 0.39, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-64% 1Y, 3% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "SNX.WA", "momentum_1y_return": -0.6382, "momentum_3m_return": -0.1111, "momentum_52w_position": 0.0258 }, { "rank": 1026, "ticker": "4429.T", "company": "Ricksoft", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #17", "batch": 27, "source_rank": 17, "base_moic": 0, "bull_moic": 0, "why": "Record revenue but weak profit guide.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1026, "clean_score": -0.47, "clean_score_pre_accounting_cash_overlay": 0.22, "accounting_cash_overlay": 0.16, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": 0.38, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-10% 1Y, 0% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "4429.T", "momentum_1y_return": -0.103, "momentum_3m_return": -0.2194, "momentum_52w_position": 0 }, { "rank": 1027, "ticker": "6440.T", "company": "Juki", "theme": "Helium / Korea Semis Refresh Lower-Half Additions", "source": "B35 #17", "batch": 35, "source_rank": 17, "base_moic": 1.2, "bull_moic": 2, "why": "Machinery turnaround candidate after Q1 improvement, but leverage reduces risk/reward quality.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1027, "clean_score": -0.47, "clean_score_pre_accounting_cash_overlay": 0.54, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Japan", "clean_score_pre_momentum_overlay": 0.38, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (65% 1Y, 41% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "6440.T", "momentum_1y_return": 0.6499, "momentum_3m_return": -0.1919, "momentum_52w_position": 0.4124 }, { "rank": 1028, "ticker": "CSSXF / 0750.HK", "company": "China Shuifa Singyes", "theme": "Utilities, Telecom, Environmental, Payments", "source": "B13 #19", "batch": 13, "source_rank": 19, "base_moic": 0.93, "bull_moic": 2.22, "why": "Optically cheap but too debt-heavy and hard to underwrite.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1028, "clean_score": -0.479, "clean_score_pre_accounting_cash_overlay": 0.531, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.371, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-33% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 0.9x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "CSSXF", "momentum_1y_return": -0.3333, "momentum_3m_return": -0.3333, "momentum_52w_position": 0 }, { "rank": 1029, "ticker": "1308.TW", "company": "Asia Polymer", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #15", "batch": 29, "source_rank": 15, "base_moic": 1.14, "bull_moic": 1.67, "why": "Chemical-cycle recovery candidate with ugly current losses.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1029, "clean_score": -0.486, "clean_score_pre_accounting_cash_overlay": 0.364, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.364, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (5% 1Y, 25% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "1308.TW", "momentum_1y_return": 0.052, "momentum_3m_return": -0.1807, "momentum_52w_position": 0.247 }, { "rank": 1030, "ticker": "TASK", "company": "TaskUs", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #5", "batch": 27, "source_rank": 5, "base_moic": 0, "bull_moic": 0, "why": "Cheap FCF compounder, AI/BPO disruption overhang.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1030, "clean_score": -0.5, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Technology & Digital", "country": "United States", "clean_score_pre_momentum_overlay": 0.35, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-64% 1Y, 4% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "TASK", "momentum_1y_return": -0.6415, "momentum_3m_return": -0.4426, "momentum_52w_position": 0.0417 }, { "rank": 1031, "ticker": "234300.KQ", "company": "sTraffic", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #14", "batch": 27, "source_rank": 14, "base_moic": 0, "bull_moic": 0, "why": "Q1 inflection, less cheap.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1031, "clean_score": -0.5, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.35, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-21% 1Y, 0% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "234300.KQ", "momentum_1y_return": -0.2113, "momentum_3m_return": -0.05, "momentum_52w_position": 0 }, { "rank": 1032, "ticker": "0560.HK", "company": "Chu Kong Shipping", "theme": "Industrials & Aerospace / Logistics, Ports", "source": "B57 #21", "batch": 57, "source_rank": 21, "base_moic": 1.18, "bull_moic": 1.58, "why": "Real assets and logistics exposure, but profit momentum and upside are modest.", "clean_score": -0.5, "clean_score_pre_accounting_cash_overlay": 0.35, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #21", "overall_rank": 1032, "tier": "D - Deprioritized / Avoid", "sector": "Industrials & Aerospace", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.35, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-10% 1Y, 18% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "0560.HK", "momentum_1y_return": -0.1013, "momentum_3m_return": -0.0405, "momentum_52w_position": 0.1765 }, { "rank": 1033, "ticker": "601022.SS", "company": "Ningbo Ocean Shipping", "theme": "Industrials & Aerospace / Shipping, SOE-Linked", "source": "B59 #26", "batch": 59, "source_rank": 26, "base_moic": 1.11, "bull_moic": 1.41, "why": "Profitable but too large/state-linked for the torque mandate; upside is shipping-cycle beta.", "clean_score": -0.5, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #26", "overall_rank": 1033, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": 0.35, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-17% 1Y, 9% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "601022.SS", "momentum_1y_return": -0.1741, "momentum_3m_return": -0.0503, "momentum_52w_position": 0.0857 }, { "rank": 1034, "ticker": "ZNGMF / 2660.HK", "company": "Zengame", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #7", "batch": 27, "source_rank": 7, "base_moic": 0, "bull_moic": 0, "why": "Net-cash/dividend anomaly with China gaming risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1034, "clean_score": -0.51, "clean_score_pre_accounting_cash_overlay": 0.24, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.34, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-3% 1Y, 0% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "ZNGMF", "momentum_1y_return": -0.034, "momentum_3m_return": 0, "momentum_52w_position": 0 }, { "ticker": "024900.KQ", "company": "DY Deokyang", "theme": "Korean Auto Parts, Value Trap Risk", "source": "B61 #27", "batch": 61, "source_rank": 27, "base_moic": 1.29, "bull_moic": 1.98, "why": "Statistically cheap auto-parts value, but low margins, borrowing increase, and weak returns make it a potential value trap.", "rank": 1035, "clean_score_pre_accounting_cash_overlay": 0.5, "sector": "Consumer & Media", "country": "South Korea", "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": -0.51, "overall_rank": 1035, "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": 0.34, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-29% 1Y, 1% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "024900.KQ", "momentum_1y_return": -0.2866, "momentum_3m_return": -0.0828, "momentum_52w_position": 0.0102 }, { "rank": 1036, "ticker": "ALIG.ST / 0R8W.L", "company": "Alimak", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #21", "batch": 38, "source_rank": 21, "base_moic": 1.17, "bull_moic": 1.45, "why": "Solid industrial with manageable leverage, but not a torque monster.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1036, "clean_score": -0.521, "clean_score_pre_accounting_cash_overlay": 0.489, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.329, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-21% 1Y, 6% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "ALIG.ST", "momentum_1y_return": -0.2069, "momentum_3m_return": -0.0197, "momentum_52w_position": 0.0583 }, { "rank": 1037, "ticker": "SABR", "company": "Sabre", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #6", "batch": 12, "source_rank": 6, "base_moic": 1.42, "bull_moic": 2.53, "why": "Leveraged travel-tech option; operating traction but leverage and negative FCF guidance.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1037, "clean_score": -0.526, "clean_score_pre_accounting_cash_overlay": 0.454, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 0.324, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-39% 1Y, 29% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "SABR", "momentum_1y_return": -0.3923, "momentum_3m_return": 0.0748, "momentum_52w_position": 0.2929 }, { "rank": 1038, "ticker": "3710.TWO", "company": "ACON Holding", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #20", "batch": 36, "source_rank": 20, "base_moic": 1.21, "bull_moic": 2.26, "why": "Cheap on revenue, but losses widened and margins are negative.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1038, "clean_score": -0.528, "clean_score_pre_accounting_cash_overlay": 0.322, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0.322, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-31% 1Y, 17% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "3710.TWO", "momentum_1y_return": -0.3078, "momentum_3m_return": 0.013, "momentum_52w_position": 0.1728 }, { "rank": 1039, "ticker": "0496.HK", "company": "Kasen International", "theme": "Consumer & Media / Cyclical Asset Value", "source": "B58 #14", "batch": 58, "source_rank": 14, "base_moic": 1.45, "bull_moic": 2.26, "why": "Optically cheap near lows, but earnings declined and business mix is opaque/cyclical.", "clean_score": -0.53, "clean_score_pre_accounting_cash_overlay": 0.4, "accounting_cash_overlay": -0.08, "accounting_risk_flag": "watch", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B58 #14", "overall_rank": 1039, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.32, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-3% 1Y, 5% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "0496.HK", "momentum_1y_return": -0.0312, "momentum_3m_return": -0.0606, "momentum_52w_position": 0.0476 }, { "rank": 1040, "ticker": "GEOS.OL", "company": "Golden Energy Offshore", "theme": "Offshore Vessels, Distressed Optionality", "source": "B61 #21", "batch": 61, "source_rank": 21, "base_moic": 1.06, "bull_moic": 2.4, "why": "Offshore-vessel optionality and possible capital action, but 2025 losses were heavy and disclosure is not clean enough for top-tier risk/reward.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1040, "clean_score": -0.53, "clean_score_pre_accounting_cash_overlay": 0.5, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Norway", "clean_score_pre_momentum_overlay": 0.32, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-40% 1Y, 28% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.1x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "GEOS.OL", "momentum_1y_return": -0.4006, "momentum_3m_return": 0.1556, "momentum_52w_position": 0.2769 }, { "rank": 1041, "ticker": "9204.T", "company": "Skymark Airlines", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #14", "batch": 6, "source_rank": 14, "base_moic": 1.28, "bull_moic": 1.98, "why": "Airline operating leverage, but FY2027 guide weak.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1041, "clean_score": -0.543, "clean_score_pre_accounting_cash_overlay": 0.467, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Industrials & Aerospace", "country": "Japan", "clean_score_pre_momentum_overlay": 0.307, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-36% 1Y, 7% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "9204.T", "momentum_1y_return": -0.3631, "momentum_3m_return": -0.0995, "momentum_52w_position": 0.0683 }, { "rank": 1042, "ticker": "049120.KQ", "company": "Fine DNC", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #7", "batch": 3, "source_rank": 7, "base_moic": 0.85, "bull_moic": 1.92, "why": "Cheap on sales, but losses too severe.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1042, "clean_score": -0.545, "clean_score_pre_accounting_cash_overlay": 0.305, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.305, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-52% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "049120.KQ", "momentum_1y_return": -0.5221, "momentum_3m_return": -0.1002, "momentum_52w_position": 0.0184 }, { "rank": 1043, "ticker": "1250.HK", "company": "SDHS New Energy", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #11", "batch": 29, "source_rank": 11, "base_moic": 1.38, "bull_moic": 1.86, "why": "New-energy platform angle, but leverage/disclosure limit underwriting.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1043, "clean_score": -0.55, "clean_score_pre_accounting_cash_overlay": 0.64, "accounting_cash_overlay": -0.34, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.3, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-5% 1Y, 3% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "1250.HK", "momentum_1y_return": -0.0458, "momentum_3m_return": -0.131, "momentum_52w_position": 0.0315 }, { "rank": 1044, "ticker": "SNDA.L", "company": "Sunda Energy", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #1", "batch": 30, "source_rank": 1, "base_moic": 5, "bull_moic": 15, "why": "Best pure event torque: Chuditch PSC appraisal/drill catalyst and large gas-resource optionality.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1044, "clean_score": -0.55, "clean_score_pre_accounting_cash_overlay": 0.3, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.3, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-57% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 5.0x/15.0x.", "momentum_source": "yahoo", "momentum_symbol": "SNDA.L", "momentum_1y_return": -0.5698, "momentum_3m_return": -0.3833, "momentum_52w_position": 0 }, { "rank": 1045, "ticker": "ASPC", "company": "Alpha Star Acquisition", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #28", "batch": 30, "source_rank": 28, "base_moic": 0.7, "bull_moic": 3, "why": "SPAC optionality, not fundamental value.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1045, "clean_score": -0.55, "clean_score_pre_accounting_cash_overlay": 0.3, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.3, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (8% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 0.7x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "ASPC", "momentum_1y_return": 0.0828, "momentum_3m_return": 0.0133, "momentum_52w_position": 0.0514 }, { "rank": 1046, "ticker": "CO.PA / 0HB1.IL", "company": "Casino Guichard", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #7", "batch": 41, "source_rank": 7, "base_moic": 2.4, "bull_moic": 4.8, "why": "Huge nominal torque, but post-restructuring control/dilution/debt stub.", "clean_score": -0.55, "overall_rank": 1046, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.46, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "France", "clean_score_pre_momentum_overlay": 0.3, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-60% 1Y, 15% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.4x/4.8x.", "momentum_source": "yahoo", "momentum_symbol": "CO.PA", "momentum_1y_return": -0.601, "momentum_3m_return": 0.369, "momentum_52w_position": 0.1536 }, { "rank": 1047, "ticker": "9960.HK", "company": "Kindstar Globalgene", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #25", "batch": 47, "source_rank": 25, "base_moic": 1.4, "bull_moic": 2.16, "why": "Cash-heavy diagnostics name, but revenue fell and net loss persists.", "clean_score": -0.58, "overall_rank": 1047, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.27, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.27, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-20% 1Y, 9% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "9960.HK", "momentum_1y_return": -0.1957, "momentum_3m_return": -0.0177, "momentum_52w_position": 0.0909 }, { "rank": 1048, "ticker": "603168.SS", "company": "Zhejiang Shapuaisi", "theme": "Healthcare, Biotech, Pharma, Clinics", "source": "B7 #14", "batch": 7, "source_rank": 14, "base_moic": 1.02, "bull_moic": 1.56, "why": "Losses worsening, weak near-term inflection evidence.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1048, "clean_score": -0.584, "clean_score_pre_accounting_cash_overlay": 0.266, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "China", "clean_score_pre_momentum_overlay": 0.266, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-15% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "603168.SS", "momentum_1y_return": -0.1473, "momentum_3m_return": -0.1553, "momentum_52w_position": 0.0084 }, { "rank": 1049, "ticker": "0042.HK", "company": "NE Electric", "theme": "Industrials & Aerospace / Distressed China Electrical Equipment", "source": "B59 #27", "batch": 59, "source_rank": 27, "base_moic": 0.9, "bull_moic": 2.05, "why": "Distressed turnaround, not fundamental value: latest materials show loss, no dividend, no distributable reserves.", "clean_score": -0.6, "clean_score_pre_accounting_cash_overlay": -0.7, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #27", "overall_rank": 1049, "tier": "D - Deprioritized / Avoid", "sector": "Metals & Materials", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.6, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (57% 1Y, 45% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.9x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "0042.HK", "momentum_1y_return": 0.5726, "momentum_3m_return": -0.1789, "momentum_52w_position": 0.4493 }, { "rank": 1050, "ticker": "002840.KS", "company": "Miwon Commercial", "theme": "Metals & Materials / Specialty Chemicals", "source": "B58 #25", "batch": 58, "source_rank": 25, "base_moic": 1.07, "bull_moic": 1.32, "why": "Quality specialty chemicals but little valuation torque.", "clean_score": -0.6, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #25", "overall_rank": 1050, "tier": "D - Deprioritized / Avoid", "sector": "Metals & Materials", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.25, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-30% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "002840.KS", "momentum_1y_return": -0.2969, "momentum_3m_return": -0.0605, "momentum_52w_position": 0.0069 }, { "rank": 1051, "ticker": "PRINC.BK", "company": "Principal Capital", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #23", "batch": 36, "source_rank": 23, "base_moic": 1.03, "bull_moic": 1.71, "why": "Hospital revenue growing, but loss-making and EV/sales not low enough.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1051, "clean_score": -0.609, "clean_score_pre_accounting_cash_overlay": 0.241, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.241, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-15% 1Y, 11% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "PRINC.BK", "momentum_1y_return": -0.1485, "momentum_3m_return": -0.0115, "momentum_52w_position": 0.1111 }, { "rank": 1052, "ticker": "TDO.AX", "company": "3D Energi", "theme": "Energy & Utilities / Gas Exploration, Storage Optionality", "source": "B59 #6", "batch": 59, "source_rank": 6, "base_moic": 2, "bull_moic": 5, "why": "Pure option value around East Coast gas/storage; financing, permits, farm-outs, and dry-hole risk dominate.", "clean_score": -0.61, "clean_score_pre_accounting_cash_overlay": 0.4, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B59 #6", "overall_rank": 1052, "tier": "D - Deprioritized / Avoid", "sector": "Energy & Utilities", "country": "Australia", "clean_score_pre_momentum_overlay": 0.24, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-17% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.0x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "TDO.AX", "momentum_1y_return": -0.1667, "momentum_3m_return": 0, "momentum_52w_position": 0 }, { "rank": 1053, "ticker": "004270.KS", "company": "Namsung", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #17", "batch": 6, "source_rank": 17, "base_moic": 0.63, "bull_moic": 1.27, "why": "Massive price-action torque, poor fundamentals.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1053, "clean_score": -0.616, "clean_score_pre_accounting_cash_overlay": 0.234, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.234, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-31% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 0.6x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "004270.KS", "momentum_1y_return": -0.3117, "momentum_3m_return": -0.0718, "momentum_52w_position": 0.0278 }, { "rank": 1054, "ticker": "MRMD.CN", "company": "MariMed", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #11", "batch": 27, "source_rank": 11, "base_moic": 0, "bull_moic": 0, "why": "Raw cannabis upside, weak balance sheet/tax risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1054, "clean_score": -0.62, "clean_score_pre_accounting_cash_overlay": 0.13, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Consumer & Media", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.23, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-17% 1Y, 13% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "MRMD.CN", "momentum_1y_return": -0.1739, "momentum_3m_return": -0.1364, "momentum_52w_position": 0.1333 }, { "rank": 1055, "ticker": "AEG.L", "company": "Active Energy Group", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #27", "batch": 30, "source_rank": 27, "base_moic": 1.2, "bull_moic": 5, "why": "CoalSwitch/IP optionality only; financing/execution not proven.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1055, "clean_score": -0.63, "clean_score_pre_accounting_cash_overlay": 0.38, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.22, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-49% 1Y, 9% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/5.0x.", "momentum_source": "yahoo", "momentum_symbol": "AEG.L", "momentum_1y_return": -0.4884, "momentum_3m_return": 0.25, "momentum_52w_position": 0.0947 }, { "rank": 1056, "ticker": "478560.KQ", "company": "Black Yak I&C", "theme": "Consumer & Media / Apparel, Korea Microcaps", "source": "B58 #18", "batch": 58, "source_rank": 18, "base_moic": 1.38, "bull_moic": 1.97, "why": "Dividend/low valuation offset by KRW15bn convertible bond dilution overhang.", "clean_score": -0.63, "clean_score_pre_accounting_cash_overlay": 0.35, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B58 #18", "overall_rank": 1056, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "South Korea", "clean_score_pre_momentum_overlay": 0.22, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-20% 1Y, 8% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.4x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "478560.KQ", "momentum_1y_return": -0.2041, "momentum_3m_return": -0.0941, "momentum_52w_position": 0.0837 }, { "rank": 1057, "ticker": "GPP.KL", "company": "GPP Resources", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #28", "batch": 59, "source_rank": 28, "base_moic": 0.89, "bull_moic": 2.14, "why": "Tiny biomass optionality, but half-year revenue fell and company remains loss-making with poor liquidity.", "clean_score": -0.64, "clean_score_pre_accounting_cash_overlay": -0.8, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B59 #28", "overall_rank": 1057, "tier": "D - Deprioritized / Avoid", "sector": "Metals & Materials", "country": "Malaysia", "clean_score_pre_momentum_overlay": -0.56, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Deprioritized: data-limited momentum gets only neutral credit. Net-cash or strong balance-sheet support helps. Base/bull case: 0.9x/2.1x.", "momentum_source": "fallback" }, { "rank": 1058, "ticker": "MFD.AX", "company": "Mayfield Childcare", "theme": "Resource Microcaps, Cannabis, Telecom, Palm Oil, Misc.", "source": "B30 #25", "batch": 30, "source_rank": 25, "base_moic": 1.25, "bull_moic": 2.2, "why": "Childcare asset/operator value, labor/regulatory and EV leverage risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1058, "clean_score": -0.648, "clean_score_pre_accounting_cash_overlay": 0.362, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Australia", "clean_score_pre_momentum_overlay": 0.202, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-25% 1Y, 18% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "MFD.AX", "momentum_1y_return": -0.25, "momentum_3m_return": -0.2125, "momentum_52w_position": 0.1765 }, { "rank": 1059, "ticker": "KTCG.VI", "company": "Kapsch TrafficCom", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #15", "batch": 59, "source_rank": 15, "base_moic": 1.5, "bull_moic": 2.65, "why": "Turnaround optionality, but FY2025/26 EBIT guide was reset materially lower.", "clean_score": -0.65, "clean_score_pre_accounting_cash_overlay": 0.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B59 #15", "overall_rank": 1059, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.2, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-25% 1Y, 22% of 52-week range). No major accounting flag is shown. Base/bull case: 1.5x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "KTCG.VI", "momentum_1y_return": -0.2513, "momentum_3m_return": 0.0885, "momentum_52w_position": 0.2222 }, { "rank": 1060, "ticker": "UTZ", "company": "Utz Brands", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #18", "batch": 27, "source_rank": 18, "base_moic": 0, "bull_moic": 0, "why": "Defensive but debt-capped.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1060, "clean_score": -0.66, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.19, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-37% 1Y, 10% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "UTZ", "momentum_1y_return": -0.3718, "momentum_3m_return": 0.0158, "momentum_52w_position": 0.1021 }, { "rank": 1061, "ticker": "0078.HK", "company": "Regal Hotels", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #24", "batch": 56, "source_rank": 24, "base_moic": 1.51, "bull_moic": 2.45, "why": "Huge P/B discount, but debt/property overhang and hard catalyst.", "clean_score": -0.66, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B56 #24", "overall_rank": 1061, "tier": "D - Deprioritized / Avoid", "sector": "Property & Infrastructure", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": 0.19, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (8% 1Y, 24% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "0078.HK", "momentum_1y_return": 0.0833, "momentum_3m_return": -0.037, "momentum_52w_position": 0.24 }, { "rank": 1062, "ticker": "CABO", "company": "Cable One", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #2", "batch": 16, "source_rank": 2, "base_moic": 1.8, "bull_moic": 3.29, "why": "Levered equity stub; broadband stabilization creates torque, debt dominates downside.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1062, "clean_score": -0.683, "clean_score_pre_accounting_cash_overlay": 0.327, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": 0.167, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-68% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.8x/3.3x.", "momentum_source": "yahoo", "momentum_symbol": "CABO", "momentum_1y_return": -0.682, "momentum_3m_return": -0.5048, "momentum_52w_position": 0 }, { "rank": 1063, "ticker": "APCS-R.BK", "company": "Asia Precision", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #10", "batch": 36, "source_rank": 10, "base_moic": 1.37, "bull_moic": 3.42, "why": "Huge raw torque but poor quality; turnaround rerate requires losses and gross margins to normalize.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1063, "clean_score": -0.683, "clean_score_pre_accounting_cash_overlay": 0.167, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": 0.167, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-63% 1Y, 8% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/3.4x.", "momentum_source": "yahoo", "momentum_symbol": "APCS-R.BK", "momentum_1y_return": -0.6332, "momentum_3m_return": 0.168, "momentum_52w_position": 0.0836 }, { "rank": 1064, "ticker": "NOUMF", "company": "Noumi", "theme": "Tournament Top-100 Industrials / Services / Distress Additions", "source": "B36 #11", "batch": 36, "source_rank": 11, "base_moic": 1.43, "bull_moic": 3.57, "why": "Distressed consumer turnaround with major leverage; common equity can be impaired.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1064, "clean_score": -0.688, "clean_score_pre_accounting_cash_overlay": 0.322, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United States", "clean_score_pre_momentum_overlay": 0.162, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-33% 1Y, 36% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "NOUMF", "momentum_1y_return": -0.3333, "momentum_3m_return": 0, "momentum_52w_position": 0.3636 }, { "rank": 1065, "ticker": "AZRM.TA", "company": "Azorim", "theme": "Focus Top-100 Financials / Credit / Consumer Services Additions", "source": "B40 #30", "batch": 40, "source_rank": 30, "base_moic": 1.2, "bull_moic": 1.6, "why": "Israeli real estate; leverage/rate/country risk, low torque.", "clean_score": -0.694, "overall_rank": 1065, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.316, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Property & Infrastructure", "country": "Israel", "clean_score_pre_momentum_overlay": 0.156, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-0% 1Y, 8% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.2x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "AZRM.TA", "momentum_1y_return": -0.0038, "momentum_3m_return": -0.2378, "momentum_52w_position": 0.0845 }, { "rank": 1066, "ticker": "INC.MI", "company": "Innovatec", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #11", "batch": 57, "source_rank": 11, "base_moic": 1.84, "bull_moic": 3.95, "why": "High-torque post-divestiture solar/cleantech optionality, but revenue collapsed and losses remain.", "clean_score": -0.7, "clean_score_pre_accounting_cash_overlay": 0.15, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #11", "overall_rank": 1066, "tier": "D - Deprioritized / Avoid", "sector": "Energy & Utilities", "country": "Italy", "clean_score_pre_momentum_overlay": 0.15, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-3% 1Y, 11% of 52-week range). No major accounting flag is shown. Base/bull case: 1.8x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "INC.MI", "momentum_1y_return": -0.0321, "momentum_3m_return": -0.105, "momentum_52w_position": 0.1051 }, { "rank": 1067, "ticker": "SGQ.V", "company": "SouthGobi Resources", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #5", "batch": 51, "source_rank": 5, "base_moic": 1.53, "bull_moic": 2.78, "why": "Big operating turnaround, extreme Mongolia/governance overhang.", "clean_score": -0.705, "overall_rank": 1067, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.325, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": 0.145, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-22% 1Y, 48% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.5x/2.8x.", "momentum_source": "yahoo", "momentum_symbol": "SGQ.V", "momentum_1y_return": -0.2174, "momentum_3m_return": -0.2, "momentum_52w_position": 0.4839 }, { "rank": 1068, "ticker": "LINS", "company": "Life Insurance Co. of Alabama", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #17", "batch": 49, "source_rank": 17, "base_moic": 1.3, "bull_moic": 1.9, "why": "Potentially cheap illiquid insurance special situation; disclosure/control risk.", "clean_score": -0.706, "overall_rank": 1068, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.324, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United States", "clean_score_pre_momentum_overlay": 0.144, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-44% 1Y, 41% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.3x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "LINS", "momentum_1y_return": -0.4429, "momentum_3m_return": -0.022, "momentum_52w_position": 0.4069 }, { "rank": 1069, "ticker": "0295.HK", "company": "Kong Sun Holdings", "theme": "Infrastructure Services, Energy Transition, Utilities, Special Situations", "source": "B59 #19", "batch": 59, "source_rank": 19, "base_moic": 2, "bull_moic": 4, "why": "Solar-plant optionality but distressed quality, losses, and HK microcap governance risk.", "clean_score": -0.78, "clean_score_pre_accounting_cash_overlay": -0.6, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "refreshed_from": "B59 #19", "overall_rank": 1069, "tier": "D - Deprioritized / Avoid", "sector": "Energy & Utilities", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.78, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (53% 1Y, 45% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 2.0x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "0295.HK", "momentum_1y_return": 0.5333, "momentum_3m_return": -0.1154, "momentum_52w_position": 0.45 }, { "rank": 1070, "ticker": "PAR.AX", "company": "Paradigm Biopharmaceuticals", "theme": "Tournament Top-100 Deep Value / Biotech / Industrials Additions", "source": "B37 #7", "batch": 37, "source_rank": 7, "base_moic": 2.65, "bull_moic": 7.06, "why": "Highest binary torque; Phase 3 osteoarthritis data optionality and financing runway.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1070, "clean_score": -0.78, "clean_score_pre_accounting_cash_overlay": 0.23, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Australia", "clean_score_pre_momentum_overlay": 0.07, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-51% 1Y, 2% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 2.6x/7.1x.", "momentum_source": "yahoo", "momentum_symbol": "PAR.AX", "momentum_1y_return": -0.5147, "momentum_3m_return": -0.3654, "momentum_52w_position": 0.0164 }, { "rank": 1071, "ticker": "BXP.L / BXPHARMA.BD", "company": "Beximco Pharmaceuticals", "theme": "Healthcare & Pharma / Bangladesh Pharma, Governance Overhang", "source": "B59 #20", "batch": 59, "source_rank": 20, "base_moic": 1.13, "bull_moic": 2.01, "why": "Operating business okay, but reporting delay/director dispute before High Court dominates valuation.", "clean_score": -0.78, "clean_score_pre_accounting_cash_overlay": 0.25, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "refreshed_from": "B59 #20", "overall_rank": 1071, "tier": "D - Deprioritized / Avoid", "sector": "Healthcare & Pharma", "country": "United Kingdom", "clean_score_pre_momentum_overlay": 0.07, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-99% 1Y, 0% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.1x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "BXP.L", "momentum_1y_return": -0.9882, "momentum_3m_return": 0, "momentum_52w_position": 0 }, { "rank": 1072, "ticker": "GSM / 5FG.F", "company": "Ferroglobe", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #14", "batch": 51, "source_rank": 14, "base_moic": 1.39, "bull_moic": 2.15, "why": "Trade-measure/silicon-cycle option, current EBITDA weak but net debt manageable.", "clean_score": -0.787, "overall_rank": 1072, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.223, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": 0.063, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (4% 1Y, 21% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.4x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "GSM", "momentum_1y_return": 0.0395, "momentum_3m_return": -0.0366, "momentum_52w_position": 0.2069 }, { "rank": 1073, "ticker": "SAP.JO / LSX:860275", "company": "Sappi", "theme": "Materials, Mining, Industrial Cyclicals, Metals", "source": "B51 #22", "batch": 51, "source_rank": 22, "base_moic": 1.23, "bull_moic": 1.91, "why": "Cyclical rebound possible, but recent losses and JV review weigh.", "clean_score": -0.797, "overall_rank": 1073, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.053, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "South Africa", "clean_score_pre_momentum_overlay": 0.053, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-56% 1Y, 2% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "SAP.JO", "momentum_1y_return": -0.5621, "momentum_3m_return": -0.1921, "momentum_52w_position": 0.024 }, { "rank": 1074, "ticker": "HDP.PA", "company": "Hotels de Paris", "theme": "Property, Construction, Japan Real Estate, Consumer Stubs", "source": "B56 #28", "batch": 56, "source_rank": 28, "base_moic": 1.32, "bull_moic": 2.65, "why": "Microcap hotel/property optionality, but leverage and negative-equity risk dominate.", "clean_score": -0.81, "clean_score_pre_accounting_cash_overlay": -0.65, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B56 #28", "overall_rank": 1074, "tier": "D - Deprioritized / Avoid", "sector": "Property & Infrastructure", "country": "France", "clean_score_pre_momentum_overlay": -0.81, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (3% 1Y, 41% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.3x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "HDP.PA", "momentum_1y_return": 0.0262, "momentum_3m_return": 0.0538, "momentum_52w_position": 0.4133 }, { "rank": 1075, "ticker": "6645.TW", "company": "Kim Forest", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #28", "batch": 45, "source_rank": 28, "base_moic": 0.8, "bull_moic": 2, "why": "Loss-making, weak setup.", "clean_score": -0.85, "overall_rank": 1075, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Taiwan", "clean_score_pre_momentum_overlay": 0, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-40% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 0.8x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "6645.TW", "momentum_1y_return": -0.4045, "momentum_3m_return": -0.1459, "momentum_52w_position": 0.0035 }, { "rank": 1076, "ticker": "ELQ.WA", "company": "ELQ", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #27", "batch": 57, "source_rank": 27, "base_moic": 1.24, "bull_moic": 1.91, "why": "Renewable transformer-station maker, but not clearly cheap and Q1 loss in one source.", "clean_score": -0.85, "clean_score_pre_accounting_cash_overlay": 0, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #27", "overall_rank": 1076, "tier": "D - Deprioritized / Avoid", "sector": "Energy & Utilities", "country": "Poland", "clean_score_pre_momentum_overlay": 0, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-27% 1Y, 1% of 52-week range). No major accounting flag is shown. Base/bull case: 1.2x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "ELQ.WA", "momentum_1y_return": -0.2743, "momentum_3m_return": -0.1573, "momentum_52w_position": 0.0132 }, { "rank": 1077, "ticker": "S.TO", "company": "Sherritt International", "theme": "UK Microcaps, Resource Options, Staffing", "source": "B17 #8", "batch": 17, "source_rank": 8, "base_moic": 1.5, "bull_moic": 4.2, "why": "Nickel/cobalt/Cuba optionality with severe dilution/geopolitical risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1077, "clean_score": -0.88, "clean_score_pre_accounting_cash_overlay": 0.13, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": -0.03, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-14% 1Y, 5% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.5x/4.2x.", "momentum_source": "yahoo", "momentum_symbol": "S.TO", "momentum_1y_return": -0.1429, "momentum_3m_return": -0.4783, "momentum_52w_position": 0.0476 }, { "rank": 1078, "ticker": "6639.HK", "company": "Arrail Group", "theme": "Healthcare Follow-Up / Duplicate IRWD", "source": "B10 #10", "batch": 10, "source_rank": 10, "base_moic": 0.82, "bull_moic": 1.64, "why": "Exclude until trading resumes and audit/investigation clears.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1078, "clean_score": -0.89, "clean_score_pre_accounting_cash_overlay": 0.14, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.04, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-18% 1Y, 19% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 0.8x/1.6x.", "momentum_source": "yahoo", "momentum_symbol": "6639.HK", "momentum_1y_return": -0.1757, "momentum_3m_return": 0, "momentum_52w_position": 0.186 }, { "rank": 1079, "ticker": "BRLT", "company": "Brilliant Earth", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #10", "batch": 12, "source_rank": 10, "base_moic": 1.3, "bull_moic": 2.24, "why": "Brand optionality, but negative EBITDA/net loss make it less clean.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1079, "clean_score": -0.906, "clean_score_pre_accounting_cash_overlay": -0.056, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": -0.056, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-12% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "BRLT", "momentum_1y_return": -0.1151, "momentum_3m_return": -0.0538, "momentum_52w_position": 0.0506 }, { "rank": 1080, "ticker": "EBQ.L", "company": "Ebiquity", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #12", "batch": 27, "source_rank": 12, "base_moic": 0, "bull_moic": 0, "why": "Tiny turnaround with impairment/debt risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1080, "clean_score": -0.91, "clean_score_pre_accounting_cash_overlay": 0, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": -0.06, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-56% 1Y, 0% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "EBQ.L", "momentum_1y_return": -0.5612, "momentum_3m_return": -0.1569, "momentum_52w_position": 0 }, { "rank": 1081, "ticker": "IOM.L", "company": "iomart", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #20", "batch": 27, "source_rank": 20, "base_moic": 0, "bull_moic": 0, "why": "Cheap equity but debt controls story.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1081, "clean_score": -0.91, "clean_score_pre_accounting_cash_overlay": 0, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United Kingdom", "clean_score_pre_momentum_overlay": -0.06, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-34% 1Y, 43% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "IOM.L", "momentum_1y_return": -0.3431, "momentum_3m_return": 0.5491, "momentum_52w_position": 0.4328 }, { "rank": 1082, "ticker": "214680.KQ", "company": "DRTECH", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #14", "batch": 46, "source_rank": 14, "base_moic": 1.5, "bull_moic": 2.5, "why": "Medical imaging recovery optionality, but leverage and negative FCF make it speculative.", "clean_score": -0.93, "overall_rank": 1082, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.05, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": -0.08, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-14% 1Y, 3% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.5x/2.5x.", "momentum_source": "yahoo", "momentum_symbol": "214680.KQ", "momentum_1y_return": -0.141, "momentum_3m_return": -0.1679, "momentum_52w_position": 0.0286 }, { "rank": 1083, "ticker": "0815.HK / 2CS.F", "company": "China Silver Group", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #17", "batch": 52, "source_rank": 17, "base_moic": 1.39, "bull_moic": 2.28, "why": "Silver-price torque, downgraded for conflicting financial summaries/governance risk.", "clean_score": -0.959, "overall_rank": 1083, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.071, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.109, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (65% 1Y, 22% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.4x/2.3x.", "momentum_source": "yahoo", "momentum_symbol": "0815.HK", "momentum_1y_return": 0.652, "momentum_3m_return": -0.2105, "momentum_52w_position": 0.2199 }, { "rank": 1084, "ticker": "GAIA", "company": "Gaia", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #3", "batch": 27, "source_rank": 3, "base_moic": 0, "bull_moic": 0, "why": "High gross-margin microcap with credible operating leverage.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1084, "clean_score": -0.96, "clean_score_pre_accounting_cash_overlay": -0.05, "accounting_cash_overlay": -0.06, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": -0.11, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-41% 1Y, 6% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "GAIA", "momentum_1y_return": -0.4119, "momentum_3m_return": -0.1433, "momentum_52w_position": 0.0611 }, { "rank": 1085, "ticker": "LCE.V", "company": "Lotus Creek Exploration", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #9", "batch": 25, "source_rank": 9, "base_moic": 1.6, "bull_moic": 2.4, "why": "New-story Canadian E&P, already rerated hard.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1085, "clean_score": -0.966, "clean_score_pre_accounting_cash_overlay": -0.116, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Canada", "clean_score_pre_momentum_overlay": -0.116, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-33% 1Y, 18% of 52-week range). No major accounting flag is shown. Base/bull case: 1.6x/2.4x.", "momentum_source": "yahoo", "momentum_symbol": "LCE.V", "momentum_1y_return": -0.3265, "momentum_3m_return": -0.0833, "momentum_52w_position": 0.1818 }, { "rank": 1086, "ticker": "5618.T", "company": "Nyle", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #15", "batch": 27, "source_rank": 15, "base_moic": 0, "bull_moic": 0, "why": "Fallen growth stock, still loss-making.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1086, "clean_score": -0.98, "clean_score_pre_accounting_cash_overlay": -0.23, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": -0.13, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-17% 1Y, 2% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "5618.T", "momentum_1y_return": -0.1738, "momentum_3m_return": -0.0735, "momentum_52w_position": 0.0236 }, { "rank": 1087, "ticker": "0412.HK / HRI.F", "company": "Shandong Hi-Speed Holdings", "theme": "Mixed Deep Value, Crypto, Casinos, Autos", "source": "B6 #18", "batch": 6, "source_rank": 18, "base_moic": 1.15, "bull_moic": 1.88, "why": "Beaten down, but opaque and leveraged.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1087, "clean_score": -0.987, "clean_score_pre_accounting_cash_overlay": 0.203, "accounting_cash_overlay": -0.34, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -0.137, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-86% 1Y, 0% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.1x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "0412.HK", "momentum_1y_return": -0.86, "momentum_3m_return": -0.25, "momentum_52w_position": 0 }, { "rank": 1088, "ticker": "AQA.WA", "company": "Aqua SA", "theme": "Digital Infrastructure, Utilities, China Education, Renewables", "source": "B57 #28", "batch": 57, "source_rank": 28, "base_moic": 1.08, "bull_moic": 1.47, "why": "Down heavily but negative EPS and tiny liquidity; dividend not enough for torque.", "clean_score": -1.01, "clean_score_pre_accounting_cash_overlay": -0.4, "accounting_cash_overlay": 0.24, "accounting_risk_flag": "", "balance_sheet_signal": "high-cash/net-cash", "refreshed_from": "B57 #28", "overall_rank": 1088, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Poland", "clean_score_pre_momentum_overlay": -0.16, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-58% 1Y, 1% of 52-week range). Net-cash or strong balance-sheet support helps. Base/bull case: 1.1x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "AQA.WA", "momentum_1y_return": -0.5794, "momentum_3m_return": -0.3457, "momentum_52w_position": 0.0068 }, { "rank": 1089, "ticker": "TO:SMT", "company": "Sierra Metals", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #28", "batch": 52, "source_rank": 28, "base_moic": 0, "bull_moic": 0, "why": "Excluded: privatization completed and TSX delisting followed; stale as live public equity.", "clean_score": -1.02, "overall_rank": 1089, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.76, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": -0.94, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Deprioritized: data-limited momentum gets only neutral credit. Accounting/disclosure risk trims the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "fallback" }, { "rank": 1090, "ticker": "EMGS.OL", "company": "EMGS", "theme": "Oilfield Services, Offshore, E&P", "source": "B25 #19", "batch": 25, "source_rank": 19, "base_moic": 1.3, "bull_moic": 3.1, "why": "Lottery-ticket seismic optionality, poor risk-adjusted.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1090, "clean_score": -1.024, "clean_score_pre_accounting_cash_overlay": -0.174, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Norway", "clean_score_pre_momentum_overlay": -0.174, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-89% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "EMGS.OL", "momentum_1y_return": -0.8858, "momentum_3m_return": -0.3713, "momentum_52w_position": 0.0262 }, { "rank": 1091, "ticker": "6897.T", "company": "Twinbird", "theme": "Consumer & Media / Japan Turnaround", "source": "B57 #26", "batch": 57, "source_rank": 26, "base_moic": 1.32, "bull_moic": 2.16, "why": "Turnaround optionality, but FY2026 operating and net losses were ugly.", "clean_score": -1.05, "clean_score_pre_accounting_cash_overlay": -0.2, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B57 #26", "overall_rank": 1091, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Japan", "clean_score_pre_momentum_overlay": -0.2, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-4% 1Y, 3% of 52-week range). No major accounting flag is shown. Base/bull case: 1.3x/2.2x.", "momentum_source": "yahoo", "momentum_symbol": "6897.T", "momentum_1y_return": -0.0391, "momentum_3m_return": -0.0296, "momentum_52w_position": 0.0317 }, { "rank": 1092, "ticker": "4426.TW", "company": "Li Cheng Enterprise", "theme": "Financials, Banks, Insurance, Asset Managers, DeFi", "source": "B49 #30", "batch": 49, "source_rank": 30, "base_moic": 1.1, "bull_moic": 1.8, "why": "Worst risk/reward in batch: loss-making, high debt/equity, negative EBITDA.", "clean_score": -1.092, "overall_rank": 1092, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.082, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "Taiwan", "clean_score_pre_momentum_overlay": -0.242, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-35% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.1x/1.8x.", "momentum_source": "yahoo", "momentum_symbol": "4426.TW", "momentum_1y_return": -0.3475, "momentum_3m_return": -0.1492, "momentum_52w_position": 0 }, { "rank": 1093, "ticker": "000505.SZ", "company": "Hainan Jingliang Holdings", "theme": "Consumer & Food / Low-Margin Oils, Food", "source": "B59 #29", "batch": 59, "source_rank": 29, "base_moic": 1.04, "bull_moic": 1.34, "why": "Low-margin food/oils business with Q1 sales and net income down; weak catalyst.", "clean_score": -1.1, "clean_score_pre_accounting_cash_overlay": -0.35, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "refreshed_from": "B59 #29", "overall_rank": 1093, "tier": "D - Deprioritized / Avoid", "sector": "Consumer & Media", "country": "China", "clean_score_pre_momentum_overlay": -0.25, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-4% 1Y, 8% of 52-week range). Cash-flow or asset support helps. Base/bull case: 1.0x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "000505.SZ", "momentum_1y_return": -0.0351, "momentum_3m_return": -0.1099, "momentum_52w_position": 0.0785 }, { "rank": 1094, "ticker": "AYRWF", "company": "AYR Wellness", "theme": "Healthcare, Cable, Consumer Turnarounds", "source": "B16 #30", "batch": 16, "source_rank": 30, "base_moic": 0.13, "bull_moic": 1.33, "why": "Not a fundamental equity case after restructuring terms.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1094, "clean_score": -1.112, "clean_score_pre_accounting_cash_overlay": -0.262, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": -0.262, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-94% 1Y, 5% of 52-week range). No major accounting flag is shown. Base/bull case: 0.1x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "AYRWF", "momentum_1y_return": -0.9419, "momentum_3m_return": -0.1765, "momentum_52w_position": 0.0537 }, { "rank": 1095, "ticker": "BOT.AX", "company": "Botanix Pharmaceuticals", "theme": "Healthcare Services, Biotech, Japan Care, Medical Devices", "source": "B46 #2", "batch": 46, "source_rank": 2, "base_moic": 3.2, "bull_moic": 7.2, "why": "Highest Sofdra torque, but gross-to-net, cash burn, dilution, and single-product execution risk are severe.", "clean_score": -1.12, "overall_rank": 1095, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.11, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "Australia", "clean_score_pre_momentum_overlay": -0.27, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-93% 1Y, 0% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 3.2x/7.2x.", "momentum_source": "yahoo", "momentum_symbol": "BOT.AX", "momentum_1y_return": -0.9342, "momentum_3m_return": -0.4444, "momentum_52w_position": 0.0028 }, { "rank": 1096, "ticker": "F:6SD", "company": "Shelf Drilling", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #30", "batch": 53, "source_rank": 30, "base_moic": 0, "bull_moic": 0, "why": "Remove: ADES merger/delisting completed.", "clean_score": -1.14, "overall_rank": 1096, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -1.16, "accounting_cash_overlay": 0.1, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": -1.06, "momentum_signal": "Data Limited / Neutral", "momentum_overlay": -0.08, "rank_blurb": "Deprioritized: data-limited momentum gets only neutral credit. Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "fallback" }, { "rank": 1097, "ticker": "600162.SS", "company": "Shenzhen Heungkong", "theme": "Property, Construction, Industrial Value, Data Centers", "source": "B58 #28", "batch": 58, "source_rank": 28, "base_moic": 1.01, "bull_moic": 1.52, "why": "Cheap-looking China property/industrial developer with revenue contraction and thin margins.", "clean_score": -1.15, "clean_score_pre_accounting_cash_overlay": -0.3, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #28", "overall_rank": 1097, "tier": "D - Deprioritized / Avoid", "sector": "Property & Infrastructure", "country": "China", "clean_score_pre_momentum_overlay": -0.3, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (7% 1Y, 15% of 52-week range). No major accounting flag is shown. Base/bull case: 1.0x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "600162.SS", "momentum_1y_return": 0.0659, "momentum_3m_return": -0.0326, "momentum_52w_position": 0.1479 }, { "rank": 1098, "ticker": "600843.SS", "company": "Shang Gong Group", "theme": "Industrials & Aerospace / China Machinery", "source": "B58 #29", "batch": 58, "source_rank": 29, "base_moic": 0.91, "bull_moic": 1.31, "why": "Theme/speculation possible, but FY25 losses do not support current valuation.", "clean_score": -1.25, "clean_score_pre_accounting_cash_overlay": -0.4, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #29", "overall_rank": 1098, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "China", "clean_score_pre_momentum_overlay": -0.4, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-27% 1Y, 8% of 52-week range). No major accounting flag is shown. Base/bull case: 0.9x/1.3x.", "momentum_source": "yahoo", "momentum_symbol": "600843.SS", "momentum_1y_return": -0.2665, "momentum_3m_return": -0.1367, "momentum_52w_position": 0.0816 }, { "rank": 1099, "ticker": "NSRX", "company": "Nasus Pharma", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #10", "batch": 47, "source_rank": 10, "base_moic": 2.01, "bull_moic": 4.38, "why": "Clinical catalyst for nasal epinephrine; zero revenue and regulatory risk make it binary.", "clean_score": -1.254, "overall_rank": 1099, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.404, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": -0.404, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-67% 1Y, 10% of 52-week range). No major accounting flag is shown. Base/bull case: 2.0x/4.4x.", "momentum_source": "yahoo", "momentum_symbol": "NSRX", "momentum_1y_return": -0.6679, "momentum_3m_return": 0.0458, "momentum_52w_position": 0.1022 }, { "rank": 1100, "ticker": "INTRUM.ST", "company": "Intrum", "theme": "Media, Internet, BPO, FCF / Special Situations", "source": "B27 #21", "batch": 27, "source_rank": 21, "base_moic": 0, "bull_moic": 0, "why": "Distress equity with dilution from capital raise.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1100, "clean_score": -1.28, "clean_score_pre_accounting_cash_overlay": -0.3, "accounting_cash_overlay": -0.13, "accounting_risk_flag": "", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Sweden", "clean_score_pre_momentum_overlay": -0.43, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-46% 1Y, 4% of 52-week range). Cash-flow or asset support helps. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "INTRUM.ST", "momentum_1y_return": -0.4645, "momentum_3m_return": -0.4985, "momentum_52w_position": 0.0431 }, { "rank": 1101, "ticker": "GEO.TO / 7GD.F", "company": "Geodrill", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #14", "batch": 52, "source_rank": 14, "base_moic": 1.35, "bull_moic": 1.89, "why": "Mining-services cycle beta, but Q1 was not an inflection.", "clean_score": -1.287, "overall_rank": 1101, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.437, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "Canada", "clean_score_pre_momentum_overlay": -0.437, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-25% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.4x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "GEO.TO", "momentum_1y_return": -0.2521, "momentum_3m_return": -0.1429, "momentum_52w_position": 0 }, { "rank": 1102, "ticker": "REVB.L", "company": "Revolution Beauty", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #9", "batch": 44, "source_rank": 9, "base_moic": 1.74, "bull_moic": 5.8, "why": "Highest option upside, but restructuring/dilution risk.", "clean_score": -1.346, "overall_rank": 1102, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.336, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United Kingdom", "clean_score_pre_momentum_overlay": -0.496, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-34% 1Y, 18% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.7x/5.8x.", "momentum_source": "yahoo", "momentum_symbol": "REVB.L", "momentum_1y_return": -0.3423, "momentum_3m_return": 0.0427, "momentum_52w_position": 0.1755 }, { "rank": 1103, "ticker": "0161.KL", "company": "Hextar Industries", "theme": "Industrials & Aerospace / Malaysia Industrial Holdco", "source": "B58 #30", "batch": 58, "source_rank": 30, "base_moic": 1.08, "bull_moic": 1.36, "why": "High market cap versus earnings, very high trailing P/E, insufficient inflection.", "clean_score": -1.45, "clean_score_pre_accounting_cash_overlay": -0.6, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "refreshed_from": "B58 #30", "overall_rank": 1103, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Malaysia", "clean_score_pre_momentum_overlay": -0.6, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-25% 1Y, 0% of 52-week range). No major accounting flag is shown. Base/bull case: 1.1x/1.4x.", "momentum_source": "yahoo", "momentum_symbol": "0161.KL", "momentum_1y_return": -0.25, "momentum_3m_return": -0.0952, "momentum_52w_position": 0 }, { "rank": 1104, "ticker": "EVOK.L", "company": "Evoke", "theme": "Metals, Mining, Commodity Cyclicals, Consumer Cyclicals", "source": "B52 #8", "batch": 52, "source_rank": 8, "base_moic": 1.58, "bull_moic": 2.59, "why": "Very levered gaming equity stub with strategic review upside; tax and 5x leverage make it binary.", "clean_score": -1.487, "overall_rank": 1104, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.477, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Consumer & Media", "country": "United Kingdom", "clean_score_pre_momentum_overlay": -0.637, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-36% 1Y, 27% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 1.6x/2.6x.", "momentum_source": "yahoo", "momentum_symbol": "EVOK.L", "momentum_1y_return": -0.3565, "momentum_3m_return": 0.2659, "momentum_52w_position": 0.2662 }, { "rank": 1105, "ticker": "P7V.F", "company": "Photon Energy", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #19", "batch": 29, "source_rank": 19, "base_moic": 1.36, "bull_moic": 3.03, "why": "Restructuring/audit-clearance lottery; poor risk-reward until reporting clears.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1105, "clean_score": -1.742, "clean_score_pre_accounting_cash_overlay": -0.712, "accounting_cash_overlay": -0.18, "accounting_risk_flag": "watch", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": -0.892, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-64% 1Y, 13% of 52-week range). Accounting/disclosure risk trims the score. Base/bull case: 1.4x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "P7V.F", "momentum_1y_return": -0.6378, "momentum_3m_return": -0.007, "momentum_52w_position": 0.1298 }, { "rank": 1106, "ticker": "6908.HK", "company": "HG Semiconductor", "theme": "Semiconductor Follow-Up, New Tickers Only", "source": "B20 #10", "batch": 20, "source_rank": 10, "base_moic": 0.48, "bull_moic": 1.74, "why": "Worst skew; tiny revenue, losses, financing/dilution risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1106, "clean_score": -2.138, "clean_score_pre_accounting_cash_overlay": -1.128, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Semiconductors & Hardware", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -1.288, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-2% 1Y, 12% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 0.5x/1.7x.", "momentum_source": "yahoo", "momentum_symbol": "6908.HK", "momentum_1y_return": -0.0217, "momentum_3m_return": -0.0426, "momentum_52w_position": 0.1154 }, { "rank": 1107, "ticker": "097800.KQ", "company": "Winpac", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #30", "batch": 38, "source_rank": 30, "base_moic": 0.75, "bull_moic": 1.51, "why": "Avoid for now; reverse-split momentum does not offset losses, dilution risk, and poor earnings trend.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1107, "clean_score": -2.219, "clean_score_pre_accounting_cash_overlay": -1.209, "accounting_cash_overlay": -0.16, "accounting_risk_flag": "", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "South Korea", "clean_score_pre_momentum_overlay": -1.369, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-23% 1Y, 6% of 52-week range). Debt, dilution, or quality risk trims the score. Base/bull case: 0.8x/1.5x.", "momentum_source": "yahoo", "momentum_symbol": "097800.KQ", "momentum_1y_return": -0.2283, "momentum_3m_return": -0.0639, "momentum_52w_position": 0.0613 }, { "rank": 1108, "ticker": "DBMG", "company": "DBM Global", "theme": "Mining, Metals, Resources, Infrastructure", "source": "B9 #13", "batch": 9, "source_rank": 13, "base_moic": 1.47, "bull_moic": 2.13, "why": "Real steel fabrication business, but Expert Market/governance discount severe.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1108, "clean_score": 0.71, "clean_score_pre_accounting_cash_overlay": 0.61, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Metals & Materials", "country": "United States", "clean_score_pre_momentum_overlay": 0.06, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Deprioritized: excellent momentum confirms the setup (74% 1Y, 100% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.5x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "DBMG", "momentum_1y_return": 0.7442, "momentum_3m_return": 0, "momentum_52w_position": 1 }, { "rank": 1109, "ticker": "EWCZ", "company": "European Wax Center", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #30", "batch": 41, "source_rank": 30, "base_moic": 1, "bull_moic": 1, "why": "Removed; take-private closed at $5.80.", "clean_score": 0.41, "overall_rank": 1109, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": 0.66, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "United States", "clean_score_pre_momentum_overlay": 0.11, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Deprioritized: positive momentum gives it credit (7% 1Y, 83% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.0x/1.0x.", "momentum_source": "yahoo", "momentum_symbol": "EWCZ", "momentum_1y_return": 0.0679, "momentum_3m_return": 0.0122, "momentum_52w_position": 0.8269 }, { "rank": 1110, "ticker": "5202.T / NI9.F", "company": "Nippon Sheet Glass", "theme": "Semis, Equipment, Glass Special Situation", "source": "B3 #10", "batch": 3, "source_rank": 10, "base_moic": 1.04, "bull_moic": 1.1, "why": "Take-private spread, not a normal rerating thesis.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1110, "clean_score": 0.14, "clean_score_pre_accounting_cash_overlay": 0.69, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "Japan", "clean_score_pre_momentum_overlay": 0.14, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (15% 1Y, 28% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.0x/1.1x.", "momentum_source": "yahoo", "momentum_symbol": "5202.T", "momentum_1y_return": 0.1518, "momentum_3m_return": 0.067, "momentum_52w_position": 0.2848 }, { "rank": 1111, "ticker": "POXEL / PXXLF", "company": "Poxel", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #8", "batch": 47, "source_rank": 8, "base_moic": 2.13, "bull_moic": 5.42, "why": "TWYMEEG royalty torque after restructuring mess; insolvency/dilution and delayed statements are major risks.", "clean_score": -0.81, "overall_rank": 1111, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.4, "accounting_cash_overlay": -0.71, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": -1.11, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Deprioritized: positive momentum gives it credit (4% 1Y, 100% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 2.1x/5.4x.", "momentum_source": "yahoo", "momentum_symbol": "PXXLF", "momentum_1y_return": 0.04, "momentum_3m_return": 0.04, "momentum_52w_position": 1 }, { "rank": 1112, "ticker": "CLRCF", "company": "ClimateRock", "theme": "Consumer Media / Food / Cannabis Turnaround Additions", "source": "B44 #30", "batch": 44, "source_rank": 30, "base_moic": 0.08, "bull_moic": 1, "why": "Shell/SPAC-like with late filings; do not treat quote as value.", "clean_score": -0.842, "overall_rank": 1112, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.592, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": -1.142, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Deprioritized: positive momentum gives it credit (5% 1Y, 100% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.1x/1.0x.", "momentum_source": "yahoo", "momentum_symbol": "CLRCF", "momentum_1y_return": 0.0537, "momentum_3m_return": 0.0537, "momentum_52w_position": 1 }, { "rank": 1113, "ticker": "EFOI", "company": "Energy Focus", "theme": "Luxury, Consumer, Travel, Industrials", "source": "B12 #20", "batch": 12, "source_rank": 20, "base_moic": 0.83, "bull_moic": 1.94, "why": "Worst risk/reward; going-concern disclosure and base below current.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1113, "clean_score": -0.95, "clean_score_pre_accounting_cash_overlay": -0.4, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Energy & Utilities", "country": "United States", "clean_score_pre_momentum_overlay": -0.95, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (82% 1Y, 40% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.8x/1.9x.", "momentum_source": "yahoo", "momentum_symbol": "EFOI", "momentum_1y_return": 0.8182, "momentum_3m_return": 0.989, "momentum_52w_position": 0.4017 }, { "rank": 1114, "ticker": "FIG.WA", "company": "Figene Capital", "theme": "Delisted / Non-Actionable Cleanup", "source": "B59 #30", "batch": 59, "source_rank": 30, "base_moic": 0.51, "bull_moic": 2.05, "why": "Bottom rank: reporting delays and governance churn make valuation uninvestable until filings normalize.", "clean_score": -1.25, "clean_score_pre_accounting_cash_overlay": -1, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "refreshed_from": "B59 #30", "overall_rank": 1114, "tier": "D - Deprioritized / Avoid", "sector": "Non-Actionable Cleanup", "country": "Poland", "clean_score_pre_momentum_overlay": -1.55, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Deprioritized: positive momentum gives it credit (0% 1Y, 50% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.5x/2.0x.", "momentum_source": "yahoo", "momentum_symbol": "FIG.WA", "momentum_1y_return": 0, "momentum_3m_return": 0, "momentum_52w_position": 0.5 }, { "rank": 1115, "ticker": "BRAGF", "company": "BAUER AG", "theme": "Delisted / Non-Actionable Cleanup", "source": "B54 #29", "batch": 54, "source_rank": 29, "base_moic": 0, "bull_moic": 0, "why": "Delisted from Frankfurt in 2023; OTC remnant not a normal public-market candidate.", "clean_score": -1.3, "overall_rank": 1115, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -1.05, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "United States", "clean_score_pre_momentum_overlay": -1.6, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Deprioritized: positive momentum gives it credit (0% 1Y, 50% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "BRAGF", "momentum_1y_return": 0, "momentum_3m_return": 0, "momentum_52w_position": 0.5 }, { "rank": 1116, "ticker": "AIXN", "company": "AiXin Life", "theme": "Consumer / Leisure Corrected Pass", "source": "B41 #29", "batch": 41, "source_rank": 29, "base_moic": 0.3, "bull_moic": 1.2, "why": "Going-concern/filing-quality risk; exclude unless recap lottery.", "clean_score": -1.498, "overall_rank": 1116, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -1.598, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": -2.148, "momentum_signal": "Excellent", "momentum_overlay": 0.65, "rank_blurb": "Deprioritized: excellent momentum confirms the setup (547% 1Y, 95% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.3x/1.2x.", "momentum_source": "yahoo", "momentum_symbol": "AIXN", "momentum_1y_return": 5.47, "momentum_3m_return": 1.9013, "momentum_52w_position": 0.9464 }, { "rank": 1117, "ticker": "KPLT", "company": "Katapult", "theme": "Special Situations, Education, Utilities, RNG / Renewables", "source": "B29 #1", "batch": 29, "source_rank": 1, "base_moic": 2.27, "bull_moic": 3.88, "why": "Highest special-situation torque; Q1 EBITDA/net income/cash flow plus Aaron's/CCF merger catalyst, but revolver/going-concern risk.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1117, "clean_score": -1.77, "clean_score_pre_accounting_cash_overlay": -0.4, "accounting_cash_overlay": -0.52, "accounting_risk_flag": "severe", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "United States", "clean_score_pre_momentum_overlay": -0.92, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-30% 1Y, 2% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 2.3x/3.9x.", "momentum_source": "yahoo", "momentum_symbol": "KPLT", "momentum_1y_return": -0.2985, "momentum_3m_return": -0.1452, "momentum_52w_position": 0.0248 }, { "rank": 1118, "ticker": "NYSE:ARIS", "company": "Aris Water Solutions", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #24", "batch": 50, "source_rank": 24, "base_moic": 0, "bull_moic": 0, "why": "N/R: acquired by Western Midstream and delisted; remove as live public-equity idea.", "clean_score": -1.82, "overall_rank": 1118, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -1.77, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "United States", "clean_score_pre_momentum_overlay": -2.32, "momentum_signal": "Good", "momentum_overlay": 0.5, "rank_blurb": "Deprioritized: good momentum supports the rank (179% 1Y, 69% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "ARIS", "momentum_1y_return": 1.7882, "momentum_3m_return": -0.0079, "momentum_52w_position": 0.6874 }, { "rank": 1119, "ticker": "NTU.JO", "company": "Nutun", "theme": "Tournament Top-100 Services / Healthcare / Industrial Additions", "source": "B38 #1", "batch": 38, "source_rank": 1, "base_moic": 1.82, "bull_moic": 3.03, "why": "Best raw asymmetry; tiny market cap versus H1 FY26 EBITDA, but leverage, dividend suspension, FX, and AI risk make it fragile.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1119, "clean_score": -1.86, "clean_score_pre_accounting_cash_overlay": -0.4, "accounting_cash_overlay": -0.61, "accounting_risk_flag": "severe", "balance_sheet_signal": "cash-flow/assets", "sector": "Healthcare & Pharma", "country": "South Africa", "clean_score_pre_momentum_overlay": -1.01, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-36% 1Y, 18% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.8x/3.0x.", "momentum_source": "yahoo", "momentum_symbol": "NTU.JO", "momentum_1y_return": -0.3571, "momentum_3m_return": -0.2266, "momentum_52w_position": 0.1791 }, { "rank": 1120, "ticker": "NASDAQ:EM", "company": "Smart Share Global", "theme": "Delisted / Non-Actionable Cleanup", "source": "B54 #27", "batch": 54, "source_rank": 27, "base_moic": 0, "bull_moic": 0, "why": "Go-private merger closed and delisting/deregistration followed.", "clean_score": -1.9, "overall_rank": 1120, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -1.35, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "United States", "clean_score_pre_momentum_overlay": -1.9, "momentum_signal": "Mixed / Watch", "momentum_overlay": 0, "rank_blurb": "Deprioritized: mixed momentum keeps it from ranking higher (12% 1Y, 37% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "EM", "momentum_1y_return": 0.1168, "momentum_3m_return": 0.0437, "momentum_52w_position": 0.3676 }, { "rank": 1121, "ticker": "TXP.TO", "company": "Touchstone Exploration", "theme": "Energy, Oilfield Services, Project Optionality, Cash Flow", "source": "B53 #14", "batch": 53, "source_rank": 14, "base_moic": 1.9, "bull_moic": 3.7, "why": "Big recovery torque if Trinidad stabilizes, but going-concern/debt/lender-waiver risk.", "clean_score": -1.93, "overall_rank": 1121, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.4, "accounting_cash_overlay": -0.68, "accounting_risk_flag": "severe", "balance_sheet_signal": "cash-flow/assets", "sector": "Special Situations", "country": "Canada", "clean_score_pre_momentum_overlay": -1.08, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-60% 1Y, 7% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.9x/3.7x.", "momentum_source": "yahoo", "momentum_symbol": "TXP.TO", "momentum_1y_return": -0.6, "momentum_3m_return": -0.3, "momentum_52w_position": 0.0741 }, { "rank": 1122, "ticker": "CTXR", "company": "Citius Pharmaceuticals", "theme": "Commercial Pharma, Biotech Catalysts, Healthcare Services", "source": "B47 #9", "batch": 47, "source_rank": 9, "base_moic": 1.9, "bull_moic": 5.17, "why": "LYMPHIR launch optionality, but going-concern/capital need makes it high dilution risk.", "clean_score": -2.03, "overall_rank": 1122, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.47, "accounting_cash_overlay": -0.71, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": -1.18, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-15% 1Y, 3% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.9x/5.2x.", "momentum_source": "yahoo", "momentum_symbol": "CTXR", "momentum_1y_return": -0.1483, "momentum_3m_return": -0.2978, "momentum_52w_position": 0.0315 }, { "rank": 1123, "ticker": "TWO:3202", "company": "High-Tek Harness", "theme": "Delisted / Non-Actionable Cleanup", "source": "B54 #30", "batch": 54, "source_rank": 30, "base_moic": 0, "bull_moic": 0, "why": "Trading suspended/terminated after failure to submit financials; wrapper impaired.", "clean_score": -2.1, "overall_rank": 1123, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -1.85, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": -2.4, "momentum_signal": "Positive", "momentum_overlay": 0.3, "rank_blurb": "Deprioritized: positive momentum gives it credit (21% 1Y, 55% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "3202.T", "momentum_1y_return": 0.2136, "momentum_3m_return": -0.0809, "momentum_52w_position": 0.55 }, { "rank": 1124, "ticker": "0809.HK", "company": "Global Bio-chem Technology", "theme": "Oil, Gas, Offshore Services, Energy, Petrochemicals", "source": "B50 #14", "batch": 50, "source_rank": 14, "base_moic": 1.54, "bull_moic": 3.08, "why": "Extreme penny-stock optionality, but going-concern/governance risk.", "clean_score": -2.141, "overall_rank": 1124, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.741, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -1.291, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-14% 1Y, 11% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.5x/3.1x.", "momentum_source": "yahoo", "momentum_symbol": "0809.HK", "momentum_1y_return": -0.1351, "momentum_3m_return": 0.0492, "momentum_52w_position": 0.1148 }, { "rank": 1125, "ticker": "MDF.MC", "company": "Duro Felguera", "theme": "Industrials & Aerospace / Distressed Engineering", "source": "B57 #20", "batch": 57, "source_rank": 20, "base_moic": 1.47, "bull_moic": 4.12, "why": "High torque but bad risk/reward: restructuring/creditor process needed to avoid insolvency.", "clean_score": -2.36, "clean_score_pre_accounting_cash_overlay": -0.8, "accounting_cash_overlay": -0.71, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "refreshed_from": "B57 #20", "overall_rank": 1125, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": -1.51, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-36% 1Y, 16% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.5x/4.1x.", "momentum_source": "yahoo", "momentum_symbol": "MDF.MC", "momentum_1y_return": -0.364, "momentum_3m_return": -0.0035, "momentum_52w_position": 0.1581 }, { "ticker": "UDMY", "company": "Udemy", "theme": "Non-Actionable Cleanup, Acquired / Merged", "source": "B61 #29", "batch": 61, "source_rank": 29, "base_moic": null, "bull_moic": null, "why": "Not a live standalone equity after the Coursera combination; former holders received 0.800 Coursera shares per Udemy share.", "rank": 1126, "clean_score_pre_accounting_cash_overlay": -1, "sector": "Non-Actionable Cleanup", "country": "United States", "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "clean_score": -2.4, "overall_rank": 1126, "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": -1.55, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-32% 1Y, 11% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "yahoo", "momentum_symbol": "UDMY", "momentum_1y_return": -0.3161, "momentum_3m_return": -0.0473, "momentum_52w_position": 0.1105 }, { "rank": 1127, "ticker": "CRVO", "company": "CervoMed", "theme": "Business Services, Diagnostics, Healthcare Services", "source": "B11 #10", "batch": 11, "source_rank": 10, "base_moic": 1.23, "bull_moic": 5.56, "why": "Pure binary biotech option; going-concern/financing risk dominates.", "tier": "D - Deprioritized / Avoid", "overall_rank": 1127, "clean_score": -2.432, "clean_score_pre_accounting_cash_overlay": -0.872, "accounting_cash_overlay": -0.71, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Healthcare & Pharma", "country": "United States", "clean_score_pre_momentum_overlay": -1.582, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-62% 1Y, 4% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.2x/5.6x.", "momentum_source": "yahoo", "momentum_symbol": "CRVO", "momentum_1y_return": -0.6193, "momentum_3m_return": -0.2358, "momentum_52w_position": 0.0449 }, { "rank": 1128, "ticker": "ST:ADDV-B", "company": "ADDvise Group B", "theme": "Delisted / Non-Actionable Cleanup", "source": "B54 #28", "batch": 54, "source_rank": 28, "base_moic": 0, "bull_moic": 0, "why": "Delisted after Amplex takeover/compulsory redemption.", "clean_score": -2.6, "overall_rank": 1128, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -0.8, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": -1.35, "momentum_signal": "No Live Public Line", "momentum_overlay": -1.25, "rank_blurb": "Deprioritized: no normal live public line keeps it in cleanup/deprioritized territory. Severe accounting/filing risk caps the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "fallback" }, { "rank": 1129, "ticker": "1680.HK", "company": "Macau Legend", "theme": "Consumer & Media / Macau Gaming, Distressed Leisure", "source": "B56 #29", "batch": 56, "source_rank": 29, "base_moic": 1.21, "bull_moic": 3.64, "why": "Lottery-ticket torque but worst risk-adjusted setup; losses widened and going-concern/debt pressure is severe.", "clean_score": -2.76, "clean_score_pre_accounting_cash_overlay": -1.2, "accounting_cash_overlay": -0.71, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "refreshed_from": "B56 #29", "overall_rank": 1129, "tier": "D - Deprioritized / Avoid", "sector": "Special Situations", "country": "Hong Kong / China", "clean_score_pre_momentum_overlay": -1.91, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-84% 1Y, 1% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 1.2x/3.6x.", "momentum_source": "yahoo", "momentum_symbol": "1680.HK", "momentum_1y_return": -0.8366, "momentum_3m_return": -0.3067, "momentum_52w_position": 0.0082 }, { "ticker": "ICAD", "company": "iCAD", "theme": "Non-Actionable Cleanup, Acquired", "source": "B61 #30", "batch": 61, "source_rank": 30, "base_moic": null, "bull_moic": null, "why": "Not a live standalone equity after RadNet/DeepHealth completed the acquisition in July 2025.", "rank": 1130, "clean_score_pre_accounting_cash_overlay": -1, "sector": "Non-Actionable Cleanup", "country": "United States", "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "clean_score": -2.8, "overall_rank": 1130, "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": -1.55, "momentum_signal": "No Live Public Line", "momentum_overlay": -1.25, "rank_blurb": "Deprioritized: no normal live public line keeps it in cleanup/deprioritized territory. Severe accounting/filing risk caps the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "fallback" }, { "rank": 1131, "ticker": "FXPO.L / FEEXY", "company": "Ferrexpo", "theme": "Financials / Property Services / Asset Discounts Additions", "source": "B45 #30", "batch": 45, "source_rank": 30, "base_moic": 0.5, "bull_moic": 4, "why": "Recap/insolvency trade, not normal deep value.", "clean_score": -2.87, "overall_rank": 1131, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -1.31, "accounting_cash_overlay": -0.71, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Financials & Credit", "country": "United Kingdom", "clean_score_pre_momentum_overlay": -2.02, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-57% 1Y, 35% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.5x/4.0x.", "momentum_source": "yahoo", "momentum_symbol": "FXPO.L", "momentum_1y_return": -0.5728, "momentum_3m_return": -0.4295, "momentum_52w_position": 0.351 }, { "rank": 1132, "ticker": "BME:TRG", "company": "Tubos Reunidos", "theme": "Industrials, Materials, Logistics, Airlines, Consumer Turnarounds", "source": "B48 #26", "batch": 48, "source_rank": 26, "base_moic": 0.56, "bull_moic": 2.09, "why": "Voluntary insolvency and suspension make this distressed speculation, not clean value.", "clean_score": -2.949, "overall_rank": 1132, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -1.389, "accounting_cash_overlay": -0.71, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Special Situations", "country": "Other / Mixed", "clean_score_pre_momentum_overlay": -2.099, "momentum_signal": "Weak / Stagnant", "momentum_overlay": -0.85, "rank_blurb": "Deprioritized: weak/stagnant momentum is a rank penalty (-75% 1Y, 1% of 52-week range). Severe accounting/filing risk caps the score. Base/bull case: 0.6x/2.1x.", "momentum_source": "yahoo", "momentum_symbol": "TRG.MC", "momentum_1y_return": -0.7495, "momentum_3m_return": -0.4614, "momentum_52w_position": 0.0079 }, { "rank": 1133, "ticker": "NYSE:BEST", "company": "BEST Inc.", "theme": "Delisted / Non-Actionable Cleanup", "source": "B54 #26", "batch": 54, "source_rank": 26, "base_moic": 0, "bull_moic": 0, "why": "Going-private completed; no normal public-equity setup.", "clean_score": -3.15, "overall_rank": 1133, "tier": "D - Deprioritized / Avoid", "clean_score_pre_accounting_cash_overlay": -1.35, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "sector": "Non-Actionable Cleanup", "country": "United States", "clean_score_pre_momentum_overlay": -1.9, "momentum_signal": "No Live Public Line", "momentum_overlay": -1.25, "rank_blurb": "Deprioritized: no normal live public line keeps it in cleanup/deprioritized territory. Severe accounting/filing risk caps the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "fallback" }, { "rank": 1134, "ticker": "GIG.WA", "company": "GI Group Poland", "theme": "Delisted / Non-Actionable Cleanup", "source": "B57 #30", "batch": 57, "source_rank": 30, "base_moic": 0, "bull_moic": 0, "why": "Remove: delisted from WSE in November 2025 after minority acquisition process.", "clean_score": -3.4, "clean_score_pre_accounting_cash_overlay": -1.6, "accounting_cash_overlay": -0.55, "accounting_risk_flag": "severe", "balance_sheet_signal": "", "refreshed_from": "B57 #30", "overall_rank": 1134, "tier": "D - Deprioritized / Avoid", "sector": "Non-Actionable Cleanup", "country": "Poland", "clean_score_pre_momentum_overlay": -2.15, "momentum_signal": "No Live Public Line", "momentum_overlay": -1.25, "rank_blurb": "Deprioritized: no normal live public line keeps it in cleanup/deprioritized territory. Severe accounting/filing risk caps the score. Base/bull case: 0.0x/0.0x.", "momentum_source": "fallback" }, { "rank": 1135, "ticker": "8163.TW", "company": "Darfon", "theme": "MLCC / AI Passive Components", "source": "MLCC #1", "batch": 98, "source_rank": 1, "overall_rank": 1135, "sector": "MLCC", "sector_rank": 1, "country": "Taiwan", "bear_moic": 0.79, "base_moic": 1.67, "bull_moic": 2.44, "why": "Best combined setup: direct MLCC exposure, AI-server margin rebound, still not mega-crowded versus parabolic names.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 2.43, "momentum_signal": "Good", "momentum_overlay": 0.45, "momentum_source": "yahoo", "momentum_symbol": "8163.TW", "momentum_1y_return": -0.07891340055227736, "momentum_3m_return": 0.15584413493377225, "momentum_52w_position": 0.6896549657780762, "clean_score_pre_accounting_cash_overlay": 2.8800000000000003, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 2.88, "rank_blurb": "Ranks in diligence first in the MLCC stack: good momentum shows -8% 1Y and 69% of the 52-week range. Best combined setup: direct MLCC exposure, AI-server margin rebound, still not mega-crowded versus parabolic names. Base/bull case: 1.7x/2.4x." }, { "rank": 1136, "ticker": "009470.KS", "company": "Samwha Electric", "theme": "MLCC / AI Passive Components", "source": "MLCC #2", "batch": 98, "source_rank": 2, "overall_rank": 1136, "sector": "MLCC", "sector_rank": 2, "country": "South Korea", "bear_moic": 0.69, "base_moic": 1.52, "bull_moic": 2.35, "why": "Strongest adjacent AI-server power-capacitor torque; less pure MLCC, but better upside asymmetry than most pure names.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 2.11, "momentum_signal": "Positive", "momentum_overlay": 0.3, "momentum_source": "yahoo", "momentum_symbol": "009470.KS", "momentum_1y_return": 0.2898032200357781, "momentum_3m_return": -0.16743648960739033, "momentum_52w_position": 0.37384615384615383, "clean_score_pre_accounting_cash_overlay": 2.4099999999999997, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 2.41, "rank_blurb": "Ranks in diligence first in the MLCC stack: positive momentum shows 29% 1Y and 37% of the 52-week range. Strongest adjacent AI-server power-capacitor torque; less pure MLCC, but better upside asymmetry than most pure names. Base/bull case: 1.5x/2.4x." }, { "rank": 1137, "ticker": "6997.T", "company": "Nippon Chemi-Con", "theme": "MLCC / AI Passive Components", "source": "MLCC #4", "batch": 98, "source_rank": 4, "overall_rank": 1137, "sector": "MLCC", "sector_rank": 4, "country": "Japan", "bear_moic": 0.64, "base_moic": 1.38, "bull_moic": 2.07, "why": "Best Japan capacitor recovery add; strong AI power-supply read-through, but cyclical and already off the lows.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.67, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "6997.T", "momentum_1y_return": 1.9117063492063493, "momentum_3m_return": 0.9462864721485411, "momentum_52w_position": 0.8005816368923971, "clean_score_pre_accounting_cash_overlay": 2.27, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 2.27, "rank_blurb": "Ranks in diligence first in the MLCC stack: excellent momentum shows 191% 1Y and 80% of the 52-week range. Best Japan capacitor recovery add; strong AI power-supply read-through, but cyclical and already off the lows. Base/bull case: 1.4x/2.1x." }, { "rank": 1138, "ticker": "6449.TW", "company": "APAQ", "theme": "MLCC / AI Passive Components", "source": "MLCC #5", "batch": 98, "source_rank": 5, "overall_rank": 1138, "sector": "MLCC", "sector_rank": 5, "country": "Taiwan", "bear_moic": 0.74, "base_moic": 1.35, "bull_moic": 2.04, "why": "Strong polymer/solid capacitor torque; less MLCC-pure, but better asymmetry than many direct MLCC names.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.54, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "6449.TW", "momentum_1y_return": 1.7699530516431925, "momentum_3m_return": 0.903225806451613, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 2.14, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 2.14, "rank_blurb": "Ranks in diligence first in the MLCC stack: excellent momentum shows 177% 1Y and 100% of the 52-week range. Strong polymer/solid capacitor torque; less MLCC-pure, but better asymmetry than many direct MLCC names. Base/bull case: 1.4x/2.0x." }, { "rank": 1139, "ticker": "4092.T", "company": "Nippon Chemical Industrial", "theme": "MLCC / AI Passive Components", "source": "MLCC #6", "batch": 98, "source_rank": 6, "overall_rank": 1139, "sector": "MLCC", "sector_rank": 6, "country": "Japan", "bear_moic": 0.76, "base_moic": 1.19, "bull_moic": 1.63, "why": "Clean MLCC dielectric-material exposure via barium titanate and TDK JV; less torque after recent move.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.1, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "4092.T", "momentum_1y_return": 0.9015544041450778, "momentum_3m_return": 0.15408805031446549, "momentum_52w_position": 0.8733233979135618, "clean_score_pre_accounting_cash_overlay": 1.7000000000000002, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.7, "rank_blurb": "Ranks in diligence first in the MLCC stack: excellent momentum shows 90% 1Y and 87% of the 52-week range. Clean MLCC dielectric-material exposure via barium titanate and TDK JV; less torque after recent move. Base/bull case: 1.2x/1.6x." }, { "rank": 1140, "ticker": "4100.T", "company": "Toda Kogyo", "theme": "MLCC / AI Passive Components", "source": "MLCC #7", "batch": 98, "source_rank": 7, "overall_rank": 1140, "sector": "MLCC", "sector_rank": 7, "country": "Japan", "bear_moic": 0.63, "base_moic": 1.12, "bull_moic": 2.11, "why": "High-upside upstream barium titanate turnaround; ranks lower because the base case is weaker.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.09, "momentum_signal": "Good", "momentum_overlay": 0.45, "momentum_source": "yahoo", "momentum_symbol": "4100.T", "momentum_1y_return": 0.5111583421891606, "momentum_3m_return": 0.0021141649048626032, "momentum_52w_position": 0.6304062909567497, "clean_score_pre_accounting_cash_overlay": 1.54, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.54, "rank_blurb": "Ranks in diligence first in the MLCC stack: good momentum shows 51% 1Y and 63% of the 52-week range. High-upside upstream barium titanate turnaround; ranks lower because the base case is weaker. Base/bull case: 1.1x/2.1x." }, { "rank": 1141, "ticker": "8042.TWO", "company": "Taiwan Chinsan", "theme": "MLCC / AI Passive Components", "source": "MLCC #9", "batch": 98, "source_rank": 9, "overall_rank": 1141, "sector": "MLCC", "sector_rank": 9, "country": "Taiwan", "bear_moic": 0.6, "base_moic": 1.11, "bull_moic": 1.66, "why": "Excellent AI-server capacitor exposure, but crowded tape and high downside keep it below top tier.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.76, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "8042.TWO", "momentum_1y_return": 3.022081922126026, "momentum_3m_return": 1.4425286999329212, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 1.3599999999999999, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.36, "rank_blurb": "Sits in the strong watchlist in the MLCC stack: excellent momentum shows 302% 1Y and 100% of the 52-week range. Excellent AI-server capacitor exposure, but crowded tape and high downside keep it below top tier. Base/bull case: 1.1x/1.7x." }, { "rank": 1142, "ticker": "2472.TW", "company": "Lelon", "theme": "MLCC / AI Passive Components", "source": "MLCC #10", "batch": 98, "source_rank": 10, "overall_rank": 1142, "sector": "MLCC", "sector_rank": 10, "country": "Taiwan", "bear_moic": 0.6, "base_moic": 1.12, "bull_moic": 1.64, "why": "Good AI-server electrolytic/polymer capacitor derivative; valuation momentum has captured much of the setup.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.69, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "2472.TW", "momentum_1y_return": 2.343868585364583, "momentum_3m_return": 1.5432692307692308, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 1.29, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.29, "rank_blurb": "Sits in the strong watchlist in the MLCC stack: excellent momentum shows 234% 1Y and 100% of the 52-week range. Good AI-server electrolytic/polymer capacitor derivative; valuation momentum has captured much of the setup. Base/bull case: 1.1x/1.6x." }, { "rank": 1143, "ticker": "6173.TWO", "company": "Prosperity Dielectrics", "theme": "MLCC / AI Passive Components", "source": "MLCC #11", "batch": 98, "source_rank": 11, "overall_rank": 1143, "sector": "MLCC", "sector_rank": 11, "country": "Taiwan", "bear_moic": 0.57, "base_moic": 1.03, "bull_moic": 1.54, "why": "Direct MLCC plus dielectric-powder exposure, but now too hot for top-tier risk/reward.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.45, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "6173.TWO", "momentum_1y_return": 3.5811517409648843, "momentum_3m_return": 1.8782895098019838, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 1.05, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.05, "rank_blurb": "Sits in the strong watchlist in the MLCC stack: excellent momentum shows 358% 1Y and 100% of the 52-week range. Direct MLCC plus dielectric-powder exposure, but now too hot for top-tier risk/reward. Base/bull case: 1.0x/1.5x." }, { "rank": 1144, "ticker": "5331.T", "company": "Noritake", "theme": "MLCC / AI Passive Components", "source": "MLCC #12", "batch": 98, "source_rank": 12, "overall_rank": 1144, "sector": "MLCC", "sector_rank": 12, "country": "Japan", "bear_moic": 0.82, "base_moic": 1.12, "bull_moic": 1.41, "why": "Better downside profile than most, but the MLCC linkage is indirect.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.45, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "5331.T", "momentum_1y_return": 0.8994413407821229, "momentum_3m_return": 0.04615384615384621, "momentum_52w_position": 0.8684563758389262, "clean_score_pre_accounting_cash_overlay": 1.05, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "quality/assets", "clean_score": 1.05, "rank_blurb": "Sits in the strong watchlist in the MLCC stack: excellent momentum shows 90% 1Y and 87% of the 52-week range. Better downside profile than most, but the MLCC linkage is indirect. Base/bull case: 1.1x/1.4x." }, { "rank": 1145, "ticker": "6976.T", "company": "Taiyo Yuden", "theme": "MLCC / AI Passive Components", "source": "MLCC #13", "batch": 98, "source_rank": 13, "overall_rank": 1145, "sector": "MLCC", "sector_rank": 13, "country": "Japan", "bear_moic": 0.61, "base_moic": 1.05, "bull_moic": 1.4, "why": "Great direct AI-server MLCC product fit, but valuation is already stretched.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.27, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "6976.T", "momentum_1y_return": 2.374793388429752, "momentum_3m_return": 1.010091065714989, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0.87, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.87, "rank_blurb": "Sits in the strong watchlist in the MLCC stack: excellent momentum shows 237% 1Y and 100% of the 52-week range. Great direct AI-server MLCC product fit, but valuation is already stretched. Base/bull case: 1.1x/1.4x." }, { "rank": 1146, "ticker": "2327.TW", "company": "Yageo", "theme": "MLCC / AI Passive Components", "source": "MLCC #14", "batch": 98, "source_rank": 14, "overall_rank": 1146, "sector": "MLCC", "sector_rank": 14, "country": "Taiwan", "bear_moic": 0.61, "base_moic": 1.05, "bull_moic": 1.49, "why": "Strong passives/MLCC player, but broad exposure and high valuation reduce asymmetry.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.22, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "2327.TW", "momentum_1y_return": 3.6789366053169736, "momentum_3m_return": 1.3018108651911469, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0.82, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.82, "rank_blurb": "Sits in the strong watchlist in the MLCC stack: excellent momentum shows 368% 1Y and 100% of the 52-week range. Strong passives/MLCC player, but broad exposure and high valuation reduce asymmetry. Base/bull case: 1.1x/1.5x." }, { "rank": 1147, "ticker": "600563.SS", "company": "Xiamen Faratronic", "theme": "MLCC / AI Passive Components", "source": "MLCC #15", "batch": 98, "source_rank": 15, "overall_rank": 1147, "sector": "MLCC", "sector_rank": 15, "country": "China", "bear_moic": 0.67, "base_moic": 1.03, "bull_moic": 1.46, "why": "Good film-capacitor and power-electronics derivative, less MLCC-pure.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.1, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "600563.SS", "momentum_1y_return": 0.5649080277116876, "momentum_3m_return": 0.5619435575118896, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0.7, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.7, "rank_blurb": "Sits in the strong watchlist in the MLCC stack: excellent momentum shows 56% 1Y and 100% of the 52-week range. Good film-capacitor and power-electronics derivative, less MLCC-pure. Base/bull case: 1.0x/1.5x." }, { "rank": 1148, "ticker": "6762.T", "company": "TDK", "theme": "MLCC / AI Passive Components", "source": "MLCC #16", "batch": 98, "source_rank": 16, "overall_rank": 1148, "sector": "MLCC", "sector_rank": 16, "country": "Japan", "bear_moic": 0.72, "base_moic": 1.01, "bull_moic": 1.32, "why": "High-quality MLCC/materials exposure, but too large and already well recognized.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": -0.05, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "6762.T", "momentum_1y_return": 1.0480207657365348, "momentum_3m_return": 0.4267631103074141, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0.5499999999999999, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "quality/assets", "clean_score": 0.55, "rank_blurb": "Sits in the strong watchlist in the MLCC stack: excellent momentum shows 105% 1Y and 100% of the 52-week range. High-quality MLCC/materials exposure, but too large and already well recognized. Base/bull case: 1.0x/1.3x." }, { "rank": 1149, "ticker": "6981.T", "company": "Murata", "theme": "MLCC / AI Passive Components", "source": "MLCC #17", "batch": 98, "source_rank": 17, "overall_rank": 1149, "sector": "MLCC", "sector_rank": 17, "country": "Japan", "bear_moic": 0.69, "base_moic": 1.03, "bull_moic": 1.27, "why": "Best global MLCC franchise, but not enough torque at current price.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.12, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "6981.T", "momentum_1y_return": 2.2184793070259867, "momentum_3m_return": 1.0521632402577477, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0.48, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "quality/assets", "clean_score": 0.48, "rank_blurb": "Falls into monitor / lower priority in the MLCC stack: excellent momentum shows 222% 1Y and 100% of the 52-week range. Best global MLCC franchise, but not enough torque at current price. Base/bull case: 1.0x/1.3x." }, { "rank": 1150, "ticker": "2492.TW", "company": "Walsin Technology", "theme": "MLCC / AI Passive Components", "source": "MLCC #18", "batch": 98, "source_rank": 18, "overall_rank": 1150, "sector": "MLCC", "sector_rank": 18, "country": "Taiwan", "bear_moic": 0.56, "base_moic": 0.94, "bull_moic": 1.43, "why": "Direct Taiwan passives exposure, but weaker proof and poor base-case asymmetry.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.27, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "2492.TW", "momentum_1y_return": 2.1971155018848822, "momentum_3m_return": 1.180327868852459, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0.32999999999999996, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.33, "rank_blurb": "Falls into monitor / lower priority in the MLCC stack: excellent momentum shows 220% 1Y and 100% of the 52-week range. Direct Taiwan passives exposure, but weaker proof and poor base-case asymmetry. Base/bull case: 0.9x/1.4x." }, { "rank": 1151, "ticker": "6996.T", "company": "Nichicon", "theme": "MLCC / AI Passive Components", "source": "MLCC #19", "batch": 98, "source_rank": 19, "overall_rank": 1151, "sector": "MLCC", "sector_rank": 19, "country": "Japan", "bear_moic": 0.6, "base_moic": 1.02, "bull_moic": 1.52, "why": "Solid capacitor derivative, but less AI-specific than Chemi-Con, APAQ, or Chinsan.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.21, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "6996.T", "momentum_1y_return": 1.8138913624220838, "momentum_3m_return": 0.6180235535074246, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0.39, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.39, "rank_blurb": "Falls into monitor / lower priority in the MLCC stack: excellent momentum shows 181% 1Y and 100% of the 52-week range. Solid capacitor derivative, but less AI-specific than Chemi-Con, APAQ, or Chinsan. Base/bull case: 1.0x/1.5x." }, { "rank": 1152, "ticker": "002484.SZ", "company": "Jianghai Capacitor", "theme": "MLCC / AI Passive Components", "source": "MLCC #20", "batch": 98, "source_rank": 20, "overall_rank": 1152, "sector": "MLCC", "sector_rank": 20, "country": "China", "bear_moic": 0.62, "base_moic": 1.03, "bull_moic": 1.51, "why": "Valid broad capacitor play, but not clean MLCC and not cheap.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.28, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "002484.SZ", "momentum_1y_return": 2.0524607531293566, "momentum_3m_return": 0.927595536309227, "momentum_52w_position": 0.9444992586322937, "clean_score_pre_accounting_cash_overlay": 0.31999999999999995, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.32, "rank_blurb": "Falls into monitor / lower priority in the MLCC stack: excellent momentum shows 205% 1Y and 94% of the 52-week range. Valid broad capacitor play, but not clean MLCC and not cheap. Base/bull case: 1.0x/1.5x." }, { "rank": 1153, "ticker": "KN", "company": "Knowles", "theme": "MLCC / AI Passive Components", "source": "MLCC #21", "batch": 98, "source_rank": 21, "overall_rank": 1153, "sector": "MLCC", "sector_rank": 21, "country": "United States", "bear_moic": 0.65, "base_moic": 1.02, "bull_moic": 1.48, "why": "Niche ceramic/high-performance capacitor exposure; US-listed but valuation is not early.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.38, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "KN", "momentum_1y_return": 1.1396480356798122, "momentum_3m_return": 0.2927366611365685, "momentum_52w_position": 0.9323862193172459, "clean_score_pre_accounting_cash_overlay": 0.21999999999999997, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.22, "rank_blurb": "Falls into monitor / lower priority in the MLCC stack: excellent momentum shows 114% 1Y and 93% of the 52-week range. Niche ceramic/high-performance capacitor exposure; US-listed but valuation is not early. Base/bull case: 1.0x/1.5x." }, { "rank": 1154, "ticker": "VSH", "company": "Vishay", "theme": "MLCC / AI Passive Components", "source": "MLCC #22", "batch": 98, "source_rank": 22, "overall_rank": 1154, "sector": "MLCC", "sector_rank": 22, "country": "United States", "bear_moic": 0.6, "base_moic": 0.95, "bull_moic": 1.37, "why": "Liquid US expression, but weaker purity and base case.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.6, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "VSH", "momentum_1y_return": 1.812324971875623, "momentum_3m_return": 1.0375444806108471, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0, "rank_blurb": "Falls into monitor / lower priority in the MLCC stack: excellent momentum shows 181% 1Y and 100% of the 52-week range. Liquid US expression, but weaker purity and base case. Base/bull case: 0.9x/1.4x." }, { "rank": 1155, "ticker": "6971.T", "company": "Kyocera", "theme": "MLCC / AI Passive Components", "source": "MLCC #23", "batch": 98, "source_rank": 23, "overall_rank": 1155, "sector": "MLCC", "sector_rank": 23, "country": "Japan", "bear_moic": 0.74, "base_moic": 1.04, "bull_moic": 1.34, "why": "Quality through Kyocera AVX, but too broad for high torque.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.57, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "6971.T", "momentum_1y_return": 0.6962750716332378, "momentum_3m_return": 0.12419293581466007, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0.030000000000000027, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "quality/assets", "clean_score": 0.03, "rank_blurb": "Falls into monitor / lower priority in the MLCC stack: excellent momentum shows 70% 1Y and 100% of the 52-week range. Quality through Kyocera AVX, but too broad for high torque. Base/bull case: 1.0x/1.3x." }, { "rank": 1156, "ticker": "3026.TW", "company": "Holy Stone", "theme": "MLCC / AI Passive Components", "source": "MLCC #24", "batch": 98, "source_rank": 24, "overall_rank": 1156, "sector": "MLCC", "sector_rank": 24, "country": "Taiwan", "bear_moic": 0.51, "base_moic": 0.92, "bull_moic": 1.5, "why": "Direct MLCC, but too crowded and downside-heavy.", "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": -0.73, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "3026.TW", "momentum_1y_return": 4.040697674418604, "momentum_3m_return": 3.20873786407767, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": -0.13, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": -0.13, "rank_blurb": "Deprioritized within the sector in the MLCC stack: excellent momentum shows 404% 1Y and 100% of the 52-week range. Direct MLCC, but too crowded and downside-heavy. Base/bull case: 0.9x/1.5x." }, { "rank": 1157, "ticker": "300408.SZ", "company": "Three-Circle", "theme": "MLCC / AI Passive Components", "source": "MLCC #25", "batch": 98, "source_rank": 25, "overall_rank": 1157, "sector": "MLCC", "sector_rank": 25, "country": "China", "bear_moic": 0.64, "base_moic": 0.94, "bull_moic": 1.38, "why": "Good China MLCC/ceramics business, but entry is poor.", "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": -0.75, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "300408.SZ", "momentum_1y_return": 2.0505112508915966, "momentum_3m_return": 0.87230119312949, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": -0.15000000000000002, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": -0.15, "rank_blurb": "Deprioritized within the sector in the MLCC stack: excellent momentum shows 205% 1Y and 100% of the 52-week range. Good China MLCC/ceramics business, but entry is poor. Base/bull case: 0.9x/1.4x." }, { "rank": 1158, "ticker": "000636.SZ", "company": "Fenghua Advanced", "theme": "MLCC / AI Passive Components", "source": "MLCC #26", "batch": 98, "source_rank": 26, "overall_rank": 1158, "sector": "MLCC", "sector_rank": 26, "country": "China", "bear_moic": 0.51, "base_moic": 0.85, "bull_moic": 1.42, "why": "Direct China MLCC, but speculative and base case is unattractive.", "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": -0.86, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "000636.SZ", "momentum_1y_return": 1.6158988844490367, "momentum_3m_return": 0.66872030558798, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": -0.26, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": -0.26, "rank_blurb": "Deprioritized within the sector in the MLCC stack: excellent momentum shows 162% 1Y and 100% of the 52-week range. Direct China MLCC, but speculative and base case is unattractive. Base/bull case: 0.8x/1.4x." }, { "rank": 1159, "ticker": "009150.KS", "company": "Samsung Electro-Mechanics", "theme": "MLCC / AI Passive Components", "source": "MLCC #27", "batch": 98, "source_rank": 27, "overall_rank": 1159, "sector": "MLCC", "sector_rank": 27, "country": "South Korea", "bear_moic": 0.59, "base_moic": 0.93, "bull_moic": 1.27, "why": "Fundamentals are excellent, but the stock already prices much of the bull case.", "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": -0.8, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "009150.KS", "momentum_1y_return": 8.842584921292461, "momentum_3m_return": 2.838449111470113, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": -0.20000000000000007, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": -0.2, "rank_blurb": "Deprioritized within the sector in the MLCC stack: excellent momentum shows 884% 1Y and 100% of the 52-week range. Fundamentals are excellent, but the stock already prices much of the bull case. Base/bull case: 0.9x/1.3x." }, { "rank": 1160, "ticker": "5333.T", "company": "NGK Insulators", "theme": "MLCC / AI Passive Components", "source": "MLCC #28", "batch": 98, "source_rank": 28, "overall_rank": 1160, "sector": "MLCC", "sector_rank": 28, "country": "Japan", "bear_moic": 0.73, "base_moic": 1.01, "bull_moic": 1.22, "why": "Good company, but theme exposure is too diluted.", "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": -0.71, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "5333.T", "momentum_1y_return": 2.270031365839749, "momentum_3m_return": 0.38804163640764955, "momentum_52w_position": 0.9869281045751634, "clean_score_pre_accounting_cash_overlay": -0.10999999999999999, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "quality/assets", "clean_score": -0.11, "rank_blurb": "Deprioritized within the sector in the MLCC stack: excellent momentum shows 227% 1Y and 99% of the 52-week range. Good company, but theme exposure is too diluted. Base/bull case: 1.0x/1.2x." }, { "rank": 1161, "ticker": "2316.TW", "company": "WUS Printed Circuit Taiwan", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #1", "batch": 99, "source_rank": 1, "overall_rank": 1161, "sector": "PCB", "sector_rank": 1, "country": "Taiwan", "bear_moic": null, "base_moic": 1.55, "bull_moic": 2.6, "why": "WUS-linked hidden-value PCB proxy; still the best asymmetry in the PCB stack.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 2.28, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "2316.TW", "momentum_1y_return": 2.5321637426900585, "momentum_3m_return": 0.581151832460733, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 2.88, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 2.88, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 253% 1Y and 100% of the 52-week range. WUS-linked hidden-value PCB proxy; still the best asymmetry in the PCB stack. Base/bull case: 1.6x/2.6x." }, { "rank": 1162, "ticker": "688183.SS", "company": "Shengyi Electronics", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #2", "batch": 99, "source_rank": 2, "overall_rank": 1162, "sector": "PCB", "sector_rank": 2, "country": "China", "bear_moic": 0.63, "base_moic": 1.31, "bull_moic": 2.13, "why": "Best new direct China AI-server PCB add, with hard earnings proof but A-share volatility.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.72, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "688183.SS", "momentum_1y_return": 2.457831412207223, "momentum_3m_return": 0.1990252047151555, "momentum_52w_position": 0.8114354132760285, "clean_score_pre_accounting_cash_overlay": 2.32, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 2.32, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 246% 1Y and 81% of the 52-week range. Best new direct China AI-server PCB add, with hard earnings proof but A-share volatility. Base/bull case: 1.3x/2.1x." }, { "rank": 1163, "ticker": "5439.TWO", "company": "First Hi-tec", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #3", "batch": 99, "source_rank": 3, "overall_rank": 1163, "sector": "PCB", "sector_rank": 3, "country": "Taiwan", "bear_moic": 0.69, "base_moic": 1.27, "bull_moic": 2.11, "why": "Best new small-cap Taiwan high-layer PCB torque.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.59, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "5439.TWO", "momentum_1y_return": 0.9408740359897172, "momentum_3m_return": 0.30397236614853185, "momentum_52w_position": 0.7634011090573013, "clean_score_pre_accounting_cash_overlay": 2.19, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 2.19, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 94% 1Y and 76% of the 52-week range. Best new small-cap Taiwan high-layer PCB torque. Base/bull case: 1.3x/2.1x." }, { "rank": 1164, "ticker": "1815.TWO", "company": "Fulltech Fiber Glass", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #4", "batch": 99, "source_rank": 4, "overall_rank": 1164, "sector": "PCB", "sector_rank": 4, "country": "Taiwan", "bear_moic": 0.64, "base_moic": 1.32, "bull_moic": 2.16, "why": "Best small upstream glass-fiber torque tied to AI-server PCB bottlenecks.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.61, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "1815.TWO", "momentum_1y_return": 2.3387621320106398, "momentum_3m_return": 0.17009134458239394, "momentum_52w_position": 0.7465080176233884, "clean_score_pre_accounting_cash_overlay": 2.21, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 2.21, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 234% 1Y and 75% of the 52-week range. Best small upstream glass-fiber torque tied to AI-server PCB bottlenecks. Base/bull case: 1.3x/2.2x." }, { "rank": 1165, "ticker": "3044.TW", "company": "Tripod Technology", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #5", "batch": 99, "source_rank": 5, "overall_rank": 1165, "sector": "PCB", "sector_rank": 5, "country": "Taiwan", "bear_moic": null, "base_moic": 1.32, "bull_moic": 1.95, "why": "Lower-risk PCB and substrate compounder with better survivability than the pure torque names.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.46, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "3044.TW", "momentum_1y_return": 1.3853658536585365, "momentum_3m_return": 0.28853754940711474, "momentum_52w_position": 0.8778625954198473, "clean_score_pre_accounting_cash_overlay": 2.06, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 2.06, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 139% 1Y and 88% of the 52-week range. Lower-risk PCB and substrate compounder with better survivability than the pure torque names. Base/bull case: 1.3x/1.9x." }, { "rank": 1166, "ticker": "002463.SZ", "company": "WUS Kunshan", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #6", "batch": 99, "source_rank": 6, "overall_rank": 1166, "sector": "PCB", "sector_rank": 6, "country": "China", "bear_moic": null, "base_moic": 1.25, "bull_moic": 2.05, "why": "Clean direct AI-server PCB exposure, but already crowded.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 1.34, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "002463.SZ", "momentum_1y_return": 2.482524334589941, "momentum_3m_return": 0.5031429824699758, "momentum_52w_position": 0.9403933658306983, "clean_score_pre_accounting_cash_overlay": 1.94, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.94, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 248% 1Y and 94% of the 52-week range. Clean direct AI-server PCB exposure, but already crowded. Base/bull case: 1.3x/2.0x." }, { "rank": 1167, "ticker": "4958.TW", "company": "Zhen Ding Technology", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #7", "batch": 99, "source_rank": 7, "overall_rank": 1167, "sector": "PCB", "sector_rank": 7, "country": "Taiwan", "bear_moic": 0.64, "base_moic": 1.08, "bull_moic": 1.71, "why": "Scaled server/optical PCB plus IC substrate transition; credible but less hidden.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 0.92, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "4958.TW", "momentum_1y_return": 3.565853658536585, "momentum_3m_return": 1.5714285714285716, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 1.52, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.52, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 357% 1Y and 100% of the 52-week range. Scaled server/optical PCB plus IC substrate transition; credible but less hidden. Base/bull case: 1.1x/1.7x." }, { "rank": 1168, "ticker": "2383.TW", "company": "Elite Material", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #8", "batch": 99, "source_rank": 8, "overall_rank": 1168, "sector": "PCB", "sector_rank": 8, "country": "Taiwan", "bear_moic": null, "base_moic": 1.16, "bull_moic": 1.82, "why": "Best existing upstream CCL/prepreg quality name in the PCB basket.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 0.99, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "2383.TW", "momentum_1y_return": 5.520833333333333, "momentum_3m_return": 1.4389610389610388, "momentum_52w_position": 0.9377056887635167, "clean_score_pre_accounting_cash_overlay": 1.5899999999999999, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.59, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 552% 1Y and 94% of the 52-week range. Best existing upstream CCL/prepreg quality name in the PCB basket. Base/bull case: 1.2x/1.8x." }, { "rank": 1169, "ticker": "1888.HK", "company": "Kingboard Laminates", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #9", "batch": 99, "source_rank": 9, "overall_rank": 1169, "sector": "PCB", "sector_rank": 9, "country": "Hong Kong / China", "bear_moic": 0.55, "base_moic": 1.09, "bull_moic": 1.79, "why": "Direct CCL, copper, and fiberglass material-price beneficiary, but crowded.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 0.82, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "1888.HK", "momentum_1y_return": 4.013128881149125, "momentum_3m_return": 1.3473359948923704, "momentum_52w_position": 0.9703819323285667, "clean_score_pre_accounting_cash_overlay": 1.42, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.42, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 401% 1Y and 97% of the 52-week range. Direct CCL, copper, and fiberglass material-price beneficiary, but crowded. Base/bull case: 1.1x/1.8x." }, { "rank": 1170, "ticker": "600183.SS", "company": "Shengyi Technology", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #10", "batch": 99, "source_rank": 10, "overall_rank": 1170, "sector": "PCB", "sector_rank": 10, "country": "China", "bear_moic": 0.56, "base_moic": 1.12, "bull_moic": 1.7, "why": "High-quality China CCL/prepreg/PCB leader; relevant but expensive.", "tier": "A - Diligence First", "clean_score_pre_momentum_overlay": 0.76, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "600183.SS", "momentum_1y_return": 2.78613558730547, "momentum_3m_return": 0.5823701844810896, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 1.3599999999999999, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.36, "rank_blurb": "Ranks in diligence first in the PCB stack: excellent momentum shows 279% 1Y and 100% of the 52-week range. High-quality China CCL/prepreg/PCB leader; relevant but expensive. Base/bull case: 1.1x/1.7x." }, { "rank": 1171, "ticker": "2368.TW", "company": "Gold Circuit Electronics", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #11", "batch": 99, "source_rank": 11, "overall_rank": 1171, "sector": "PCB", "sector_rank": 11, "country": "Taiwan", "bear_moic": null, "base_moic": 1.08, "bull_moic": 1.75, "why": "Taiwan high-layer AI PCB exposure; strong fit but already very visible.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.65, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "2368.TW", "momentum_1y_return": 4.245901639344262, "momentum_3m_return": 0.7181208053691275, "momentum_52w_position": 0.8383185125303153, "clean_score_pre_accounting_cash_overlay": 1.25, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.25, "rank_blurb": "Sits in the strong watchlist in the PCB stack: excellent momentum shows 425% 1Y and 84% of the 52-week range. Taiwan high-layer AI PCB exposure; strong fit but already very visible. Base/bull case: 1.1x/1.8x." }, { "rank": 1172, "ticker": "3110.T", "company": "Nittobo", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #12", "batch": 99, "source_rank": 12, "overall_rank": 1172, "sector": "PCB", "sector_rank": 12, "country": "Japan", "bear_moic": 0.53, "base_moic": 1.07, "bull_moic": 1.78, "why": "Clean T-glass bottleneck name, but already discovered.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.58, "momentum_signal": "Good", "momentum_overlay": 0.45, "momentum_source": "yahoo", "momentum_symbol": "3110.T", "momentum_1y_return": 4.312796208530806, "momentum_3m_return": 0.11045071817731555, "momentum_52w_position": 0.6581165919282511, "clean_score_pre_accounting_cash_overlay": 1.03, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.03, "rank_blurb": "Sits in the strong watchlist in the PCB stack: good momentum shows 431% 1Y and 66% of the 52-week range. Clean T-glass bottleneck name, but already discovered. Base/bull case: 1.1x/1.8x." }, { "rank": 1173, "ticker": "5706.T", "company": "Mitsui Kinzoku", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #13", "batch": 99, "source_rank": 13, "overall_rank": 1173, "sector": "PCB", "sector_rank": 13, "country": "Japan", "bear_moic": 0.63, "base_moic": 1.06, "bull_moic": 1.69, "why": "HVLP/MicroThin copper-foil bottleneck exposure, but broader conglomerate earnings.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.46, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "5706.T", "momentum_1y_return": 9.238353196099675, "momentum_3m_return": 0.7803315749811606, "momentum_52w_position": 0.8478671572039376, "clean_score_pre_accounting_cash_overlay": 1.06, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 1.06, "rank_blurb": "Sits in the strong watchlist in the PCB stack: excellent momentum shows 924% 1Y and 85% of the 52-week range. HVLP/MicroThin copper-foil bottleneck exposure, but broader conglomerate earnings. Base/bull case: 1.1x/1.7x." }, { "rank": 1174, "ticker": "3037.TW", "company": "Unimicron", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #14", "batch": 99, "source_rank": 14, "overall_rank": 1174, "sector": "PCB", "sector_rank": 14, "country": "Taiwan", "bear_moic": null, "base_moic": 1.05, "bull_moic": 1.55, "why": "Liquid quality PCB plus ABF substrate exposure, not top torque.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.33, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "3037.TW", "momentum_1y_return": 7.760975609756098, "momentum_3m_return": 1.6411764705882352, "momentum_52w_position": 0.9839704069050554, "clean_score_pre_accounting_cash_overlay": 0.9299999999999999, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.93, "rank_blurb": "Sits in the strong watchlist in the PCB stack: excellent momentum shows 776% 1Y and 98% of the 52-week range. Liquid quality PCB plus ABF substrate exposure, not top torque. Base/bull case: 1.1x/1.6x." }, { "rank": 1175, "ticker": "8046.TW", "company": "Nan Ya PCB", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #15", "batch": 99, "source_rank": 15, "overall_rank": 1175, "sector": "PCB", "sector_rank": 15, "country": "Taiwan", "bear_moic": null, "base_moic": 1.04, "bull_moic": 1.65, "why": "ABF substrate upside with high optical valuation risk.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.28, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "8046.TW", "momentum_1y_return": 7.102803738317757, "momentum_3m_return": 1.287598944591029, "momentum_52w_position": 0.8478668280981846, "clean_score_pre_accounting_cash_overlay": 0.88, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.88, "rank_blurb": "Sits in the strong watchlist in the PCB stack: excellent momentum shows 710% 1Y and 85% of the 52-week range. ABF substrate upside with high optical valuation risk. Base/bull case: 1.0x/1.6x." }, { "rank": 1176, "ticker": "TTMI", "company": "TTM Technologies", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #16", "batch": 99, "source_rank": 16, "overall_rank": 1176, "sector": "PCB", "sector_rank": 16, "country": "United States", "bear_moic": 0.56, "base_moic": 0.97, "bull_moic": 1.42, "why": "Clean US advanced-PCB/data-center access, but already expensive.", "tier": "B - Strong Watchlist", "clean_score_pre_momentum_overlay": 0.04, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "TTMI", "momentum_1y_return": 4.8602077109288375, "momentum_3m_return": 0.6870206359201838, "momentum_52w_position": 0.9824818914360229, "clean_score_pre_accounting_cash_overlay": 0.64, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.64, "rank_blurb": "Sits in the strong watchlist in the PCB stack: excellent momentum shows 486% 1Y and 98% of the 52-week range. Clean US advanced-PCB/data-center access, but already expensive. Base/bull case: 1.0x/1.4x." }, { "rank": 1177, "ticker": "3189.TW", "company": "Kinsus", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #17", "batch": 99, "source_rank": 17, "overall_rank": 1177, "sector": "PCB", "sector_rank": 17, "country": "Taiwan", "bear_moic": null, "base_moic": 1.03, "bull_moic": 1.55, "why": "ABF substrate exposure that still needs EPS catch-up.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 0.09, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "3189.TW", "momentum_1y_return": 5.707021915667109, "momentum_3m_return": 1.2845360824742267, "momentum_52w_position": 1, "clean_score_pre_accounting_cash_overlay": 0.69, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.69, "rank_blurb": "Falls into monitor / lower priority in the PCB stack: excellent momentum shows 571% 1Y and 100% of the 52-week range. ABF substrate exposure that still needs EPS catch-up. Base/bull case: 1.0x/1.6x." }, { "rank": 1178, "ticker": "2313.TW", "company": "Compeq Manufacturing", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #18", "batch": 99, "source_rank": 18, "overall_rank": 1178, "sector": "PCB", "sector_rank": 18, "country": "Taiwan", "bear_moic": null, "base_moic": 1.02, "bull_moic": 1.5, "why": "HDI/server PCB exposure that still needs revenue confirmation.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.01, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "2313.TW", "momentum_1y_return": 3.1453675131841665, "momentum_3m_return": 0.5087209302325582, "momentum_52w_position": 0.8857266070477247, "clean_score_pre_accounting_cash_overlay": 0.59, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.59, "rank_blurb": "Falls into monitor / lower priority in the PCB stack: excellent momentum shows 315% 1Y and 89% of the 52-week range. HDI/server PCB exposure that still needs revenue confirmation. Base/bull case: 1.0x/1.5x." }, { "rank": 1179, "ticker": "8155.TWO", "company": "Allied Circuit", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #19", "batch": 99, "source_rank": 19, "overall_rank": 1179, "sector": "PCB", "sector_rank": 19, "country": "Taiwan", "bear_moic": 0.59, "base_moic": 1.02, "bull_moic": 1.71, "why": "Direct Taiwan server/network PCB name, but weaker risk/reward than First Hi-tec.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": 0, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "8155.TWO", "momentum_1y_return": 2.2131782945736433, "momentum_3m_return": 0.9691211401425177, "momentum_52w_position": 0.87701317715959, "clean_score_pre_accounting_cash_overlay": 0.6, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.6, "rank_blurb": "Falls into monitor / lower priority in the PCB stack: excellent momentum shows 221% 1Y and 88% of the 52-week range. Direct Taiwan server/network PCB name, but weaker risk/reward than First Hi-tec. Base/bull case: 1.0x/1.7x." }, { "rank": 1180, "ticker": "ROG", "company": "Rogers Corp", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #20", "batch": 99, "source_rank": 20, "overall_rank": 1180, "sector": "PCB", "sector_rank": 20, "country": "United States", "bear_moic": 0.6, "base_moic": 1.02, "bull_moic": 1.58, "why": "High-frequency circuit-materials call option; current AI revenue torque is slower.", "tier": "C - Monitor / Lower Priority", "clean_score_pre_momentum_overlay": -0.12, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "ROG", "momentum_1y_return": 0.9960979361015567, "momentum_3m_return": 0.19701196354425243, "momentum_52w_position": 0.8710418135980892, "clean_score_pre_accounting_cash_overlay": 0.48, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.48, "rank_blurb": "Falls into monitor / lower priority in the PCB stack: excellent momentum shows 100% 1Y and 87% of the 52-week range. High-frequency circuit-materials call option; current AI revenue torque is slower. Base/bull case: 1.0x/1.6x." }, { "rank": 1181, "ticker": "4927.TW", "company": "Apex International", "theme": "PCB / CCL / AI Server Materials", "source": "PCB #21", "batch": 99, "source_rank": 21, "overall_rank": 1181, "sector": "PCB", "sector_rank": 21, "country": "Taiwan", "bear_moic": null, "base_moic": 0.9, "bull_moic": 1.35, "why": "PCB manufacturer, but still a cut/avoid for this AI PCB theme.", "tier": "D - Deprioritized / Avoid", "clean_score_pre_momentum_overlay": -0.43, "momentum_signal": "Excellent", "momentum_overlay": 0.6, "momentum_source": "yahoo", "momentum_symbol": "4927.TW", "momentum_1y_return": 1.2260869896930195, "momentum_3m_return": 0.6176935665099708, "momentum_52w_position": 0.7961290812894307, "clean_score_pre_accounting_cash_overlay": 0.16999999999999998, "accounting_cash_overlay": 0, "accounting_risk_flag": "", "balance_sheet_signal": "", "clean_score": 0.17, "rank_blurb": "Deprioritized within the sector in the PCB stack: excellent momentum shows 123% 1Y and 80% of the 52-week range. PCB manufacturer, but still a cut/avoid for this AI PCB theme. Base/bull case: 0.9x/1.4x." } ], "pending_top100": [ { "rank": 14, "ticker": "3700.HK", "company": "INKEVERSE", "rationale": "Profitable cash pile deeply discounted for governance risk." }, { "rank": 22, "ticker": "0951.HK", "company": "CHAOWEI POWER", "rationale": "Policy-supported battery leader priced below recovery earnings." }, { "rank": 45, "ticker": "TSE:6333", "company": "TEIKOKU Corp.", "rationale": "Niche pump franchise with dividends, buybacks, and activist pressure." }, { "rank": 53, "ticker": "OCHL.OM", "company": "Oman Chlorine", "rationale": "Levered chlor-alkali recovery with new flaking capacity." }, { "rank": 96, "ticker": "CUB", "company": "Lionheart Holdings", "rationale": "Trust value protects capital, but common upside is too capped." } ], "generated_at": "2026-05-21T00:00:00-04:00" }