Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Gulf Insurance Group - Jordan

Market Cap: د.أ82.9m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Bank Ganesha

Market Cap: Rp1.9t

Provides various general banking products and services for individuals and businesses in Indonesia.

Cahaya Aero Services

Market Cap: Rp4.4t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

TSTE

Market Cap: ฿4.8b

Primarily engages in the production and distribution of wheat flour in Thailand.

Fortune Mate Indonesia

Market Cap: Rp2.2t

Provides real estate development and construction services in Indonesia.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.1t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the United States, the Middle East, and internationally.

MCH Group

Market Cap: CHF 112.2m

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

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł892.5m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺27.2b

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

MIA Teknoloji Anonim Sirketi

Market Cap: ₺15.5b

Provides software development services to public and private organizations in Turkey.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

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

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺6.1b

Operates as a guardrail supplier company in Turkey.

China SXT Pharmaceuticals

Market Cap: US$203.0m

A pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine pieces (TCMP) in China.

Pure Cycle

Market Cap: US$241.9m

Provides wholesale water and wastewater services in the United States.

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

Linc

Market Cap: SEK 4.6b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

va-Q-tec

Market Cap: €392.2m

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

Zona Franca de Iquique

Market Cap: CL$220.6b

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

FineMark Holdings

Market Cap: US$533.4m

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

Solesence

Market Cap: US$237.7m

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

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.2b

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

Vantage

Market Cap: US$142.5m

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

Capricorn Group

Market Cap: R11.0b

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

Wema Bank

Market Cap: ₦347.2b

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

Amir Marketing and Investments in Agriculture

Market Cap: ₪422.9m

Supplies and markets agricultural inputs in Israel.

Formula Systems (1985)

Market Cap: ₪6.5b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

C. Mer Industries

Market Cap: ₪410.7m

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

Morris State Bancshares

Market Cap: US$234.2m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Evergent Investments

Market Cap: RON 1.3b

A publicly owned investment manager.

Transnational Corporation of Nigeria

Market Cap: ₦538.6b

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