Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Ideal Capital Berhad

Market Cap: RM 1.8b

An investment holding company, engages in the property development business in Malaysia.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Yeni Gimat Gayrimenkul Yatirim Ortakligi

Market Cap: ₺51.3b

Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S.

Bahrain National Holding Company B.S.C

Market Cap: ب.د61.8m

Bahrain National Holding Company B.S.C., together with its subsidiaries, asset management services in the Kingdom of Bahrain and other GCC countries.

Seef Properties B.S.C

Market Cap: ب.د53.8m

Engages in the real estate development business in the Kingdom of Bahrain.

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

Market Cap: ₺16.0b

Operates as a guardrail supplier company in Turkey.

Hafary Holdings

Market Cap: S$202.4m

An investment holding company, engages in import, export, dealing, distribution, wholesale, and trading in building materials.

Hextar Global Berhad

Market Cap: RM 3.1b

An investment holding company, engages in manufacturing, trading, and distribution of a various agrochemicals and fertilisers in Malaysia.

Bilici Yatirim Sanayi ve Ticaret

Market Cap: ₺4.9b

Engages in the textiles, tourism, and energy businesses in Turkey.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺8.3b

Produces and sells food products in Turkey.

Pasifik Eurasia Lojistik Dis Ticaret

Market Cap: ₺81.0b

Pasifik Eurasia Lojistik Dis Ticaret A.S.

Cairo Amman Bank

Market Cap: د.أ276.0m

Provides various banking and financial services for corporate and institutional customers.

Nestlé Pakistan

Market Cap: PK₨357.7b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Tureks Turizm Tasimacilik Anonim Sirketi

Market Cap: ₺8.1b

Engages in group transportation, and fleet and individual car rental activities in Turkey.

Fauji Foods

Market Cap: PK₨37.9b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

Odas Elektrik Üretim Sanayi Ticaret

Market Cap: ₺8.4b

Produces and sells electricity by natural gas combined cycles in Turkey and internationally.

Soma Gold

Market Cap: CA$184.2m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

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.

Epsilon Energy

Market Cap: US$180.6m

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.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

New Mauritius Hotels

Market Cap: MU₨7.2b

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

MCH Group

Market Cap: CHF 113.2m

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

Wasko

Market Cap: zł654.7m

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

First National Bank of Botswana

Market Cap: P14.4b

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

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €507.6m

Operates as a cooperative bank in France.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.4b

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

Banco di Desio e della Brianza

Market Cap: €1.1b

Provides banking products and services to individuals and enterprises in Italy.

Sopharma AD

Market Cap: €901.3m

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

Decora

Market Cap: zł753.1m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

Envirotainer

Market Cap: €395.1m

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

M+S Hydraulic AD

Market Cap: €197.2m

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €98.8m

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

CIR. - Compagnie Industriali Riunite

Market Cap: €572.3m

Through its subsidiaries, primarily operates in the automotive components and healthcare sectors in Italy, the rest of European countries, North America, South America, Asia, and internationally.

Medinice

Market Cap: zł422.1m

A medical technology company, creates, develops, and commercializes minimally invasive solutions in cardiology and cardiac surgery.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.6b

A publicly owned investment manager.