Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

MOBI Industry

Market Cap: ر.س544.5m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Tohoku Steel

Market Cap: JP¥16.7b

Manufactures, processes, and distributes various types of special steel products in Japan.

Gulf Insurance Group - Jordan

Market Cap: د.أ81.4m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Padma Oil

Market Cap: ৳17.4b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Tait Marketing & Distribution

Market Cap: NT$3.6b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Onix Solar Energy

Market Cap: ₹18.0b

Engages in the trading of non-ferrous metals in India.

Alantra Partners

Market Cap: €330.3m

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

Empresas Lipigas

Market Cap: CL$957.8b

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

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Pure Cycle

Market Cap: US$242.8m

Provides water and wastewater services in the United States.

BAUER

Market Cap: €258.2m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Namibia Breweries

Market Cap: R6.3b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺11.2b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Alumil Aluminium Industry

Market Cap: €198.4m

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

Kingstone Companies

Market Cap: US$218.3m

Through its subsidiary, Kingstone Insurance Company ("KICO"), provides property and casualty insurance products in the United States.

Blume Metal Kimya Anonim Sirketi

Market Cap: ₺8.2b

Operates in the tourism, construction, and energy sectors in Turkey.

Epsilon Energy

Market Cap: US$163.8m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Viking Line Abp

Market Cap: €356.0m

Provides passenger and cargo carrier services.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft49.4b

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

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.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €99.4m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Winchester Bancorp

Market Cap: US$119.6m

Operates as a bank holding company for Winchester Savings Bank that provides banking products and services in the United States.

Aeroporto Guglielmo Marconi di Bologna

Market Cap: €382.9m

Develops, manages, and maintains an airport in Italy and internationally.

New Mauritius Hotels

Market Cap: MU₨7.2b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.5b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 104.5b

Processes heavy bitumen crude in Africa.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺32.9b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Cyprus Cement

Market Cap: €172.8m

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

Transnational

Market Cap: ₦492.9b

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

First Investment Bank AD

Market Cap: €500.9m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Payton Industries

Market Cap: ₪526.3m

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.

Bijou Brigitte modische Accessoires

Market Cap: €325.2m

Manufactures, imports, and sells fashion jewelry, gold and silver jewelry, fashion accessories, and complementary articles.