Global Undiscovered Gems With Strong Fundamentals

Asian Terminals

Market Cap: ₱54.0b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Cyprus Cement

Market Cap: €167.3m

Engages in the production and sale of cement and related businesses in Cyprus.

Alantra Partners

Market Cap: €349.3m

Engages in the investment banking and asset management services in Spain and internationally.

HOMAG Group

Market Cap: €398.5m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft46.1b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Zito d.o.o

Market Cap: €489.4m

Engages in the food and agricultural businesses in Croatia, Hungary, Italy, Serbia, Slovakia, Kosovo, and internationally.

Transnational

Market Cap: ₦508.1b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Quest Holdings

Market Cap: €671.3m

Engages in the distribution of information technology and telecommunications products in Greece, Romania, Cyprus, Luxembourg, Belgium, Spain, and Italy.

Wasko

Market Cap: zł687.6m

Designs, implements, and integrats software, information systems, and advanced industrial automation.

Pure Cycle

Market Cap: US$248.4m

Provides water and wastewater services in the United States.

Telekom Networks Malawi

Market Cap: MK 355.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Famous Brands

Market Cap: R5.1b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Empresas Lipigas

Market Cap: CL$929.3b

Provides energy solutions through the marketing, distribution, and sale of liquefied petroleum gas (LPG), natural gas (NG), liquefied natural gas (LNG), and electricity for residential, commercial, and industrial use in Chile, Colombia, Peru, and Ecuador.

Master Drilling Group

Market Cap: R2.7b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Vincorion

Market Cap: €829.0m

Develops and manufactures power and mechatronic solutions for defense platforms and aviation systems in Germany and internationally.

Viking Line Abp

Market Cap: €357.7m

Provides passenger and cargo carrier services.

Freetrailer Group

Market Cap: €539.5m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Oakworth Capital

Market Cap: US$184.1m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Moury Construct

Market Cap: €284.6m

Moury Construct SA, together with its subsidiaries, constructs and renovates residential and non-residential buildings in Belgium.

AIICO Insurance

Market Cap: ₦153.4b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦1.1t

Provides banking and other financial services to corporate and individual customers in Nigeria.

Nigerian Aviation Handling

Market Cap: ₦370.2b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

GB Holdings

Market Cap: US$55.2m

Produces rubber and chemical products in Zimbabwe.

Dekpol

Market Cap: zł667.3m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Purple Group

Market Cap: R2.7b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Cashmere Valley Bank

Market Cap: US$258.5m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

MCH Group

Market Cap: CHF 110.1m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

M+S Hydraulic AD

Market Cap: €205.1m

Engages in the production, repair, and sale of hydraulic products and systems in Bulgaria, the rest of Europe, and internationally.

Mangold Fondkommission

Market Cap: SEK 951.1m

Provides financial services to companies, institutions, and private individuals in Sweden.

Envirotainer

Market Cap: €383.3m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م22.1b

Provides various banking products and services in Egypt.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals services in South America, Central America, and North America.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م26.3b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

Inversiones Siemel

Market Cap: CL$108.8b

An investment holding company, operates in the agribusiness and agriculture, real estate, finance, and information technology sectors in Chile.