Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 482.2b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Freetrailer Group

Market Cap: €854.0m

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

ABG Sundal Collier Holding

Market Cap: NOK 4.1b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Inmocemento

Market Cap: €1.7b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

Purple Group

Market Cap: R3.7b

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.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺6.6b

Marmaris Altinyunus Turistik Tesisler A.S.

Maistra d.d

Market Cap: €662.1m

Engages in the hotel business in Croatia.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft54.6b

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

Payton Industries

Market Cap: ₪665.1m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Dn Agrar Group

Market Cap: RON 537.7m

Engages in the production of cow milk.

Quest Holdings

Market Cap: €735.2m

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

Capricorn Group

Market Cap: R13.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Y.D. More Investments

Market Cap: ₪4.0b

A privately owned Investment Manager.

Sopharma AD

Market Cap: €1.0b

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

MCH Group

Market Cap: CHF 136.6m

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

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.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Empresas Lipigas

Market Cap: CL$949.4b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺5.6b

Operates as an asset management company in Turkey.

SALUS Ljubljana d. d

Market Cap: €411.0m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Transnational Corporation of Nigeria

Market Cap: ₦505.6b

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

AB Akola Group

Market Cap: €309.0m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

Mendelson Infrastructures & Industries

Market Cap: ₪669.2m

Engages in the supply of conduction and flow products in Israel.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

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

Nigerian Aviation Handling

Market Cap: ₦212.8b

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

Dekpol

Market Cap: zł754.3m

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

AIICO Insurance

Market Cap: ₦155.6b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦920.7b

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

Alantra Partners

Market Cap: €359.1m

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

Alumil Aluminium Industry

Market Cap: €166.0m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Amir Marketing and Investments in Agriculture

Market Cap: ₪431.8m

Through its subsidiaries supplies and markets agricultural inputs in Israel.

C. Mer Industries

Market Cap: ₪524.4m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.