Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Acsion

Market Cap: R3.4b

Engages in property holding and development activities in South Africa and internationally.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.4b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Reitar Logtech Holdings

Market Cap: US$238.5m

Through its subsidiaries, provides construction management and engineering design services.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.3b

Engages in the production and sale of food products in Turkey.

Itafos

Market Cap: CA$573.9m

Operates as a phosphate and specialty fertilizer company.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 302.9b

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

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺9.2b

A real estate investment trust.

va-Q-tec

Market Cap: €395.1m

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

Purple Group

Market Cap: R2.3b

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.

Vantage

Market Cap: US$140.3m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.3b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

ANSA Merchant Bank

Market Cap: TT$3.3b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Evergent Investments

Market Cap: RON 1.3b

A publicly owned investment manager.

First National Bank of Botswana

Market Cap: P13.5b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺7.3b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

Valhi

Market Cap: US$500.3m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Alumil Aluminium Industry

Market Cap: €161.7m

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

NICO Holdings

Market Cap: MK 1.0t

Engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique.

Gulf Island Fabrication

Market Cap: US$113.1m

Operates as a fabricator of steel structures and modules in the United States.

NSIA Banque Société Anonyme

Market Cap: XOF 244.9b

Provides various banking products and services.

Zona Franca de Iquique

Market Cap: CL$222.4b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Pure Cycle

Market Cap: US$240.0m

Provides wholesale water and wastewater services in the United States.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł946.2m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

La Forestière Equatoriale

Market Cap: €117.3m

Does not have any significant operations.

Solesence

Market Cap: US$279.7m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

FineMark Holdings

Market Cap: US$525.1m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Alantra Partners

Market Cap: €309.7m

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

Famous Brands

Market Cap: R6.0b

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

Performance Technologies

Market Cap: €90.8m

Provides IT solutions in Greece.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €97.7m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

AB Traction

Market Cap: SEK 3.9b

A private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments.

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

Maistra d.d

Market Cap: €591.0m

Engages in the hotel business in Croatia.

Grendene

Market Cap: R$4.6b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Saison Technology

Market Cap: JP¥31.2b

Engages in the system development and operation, and software package businesses in Japan.