Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Linc

Market Cap: SEK 4.4b

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

La Forestière Equatoriale

Market Cap: €119.4m

Does not have any significant operations.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺6.6b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

Zona Franca de Iquique

Market Cap: CL$229.6b

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

Nigerian Aviation Handling

Market Cap: ₦190.8b

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

NSIA Banque Société Anonyme

Market Cap: XOF 252.3b

Provides various banking products and services.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Lampsa Hellenic Hotels

Market Cap: €854.6m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Chilanga Cement

Market Cap: K6.1b

Engages in the manufacture and sale of cement products in Zambia.

Transnational Corporation of Nigeria

Market Cap: ₦502.0b

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

Dekpol

Market Cap: zł518.5m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.8b

Processes heavy bitumen crude in Africa.

Decora

Market Cap: zł801.6m

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

va-Q-tec

Market Cap: €348.4m

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

Inversiones Doalca SOCIMI

Market Cap: €153.0m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

First Investment Bank AD

Market Cap: лв760.3m

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

NICO Holdings

Market Cap: MK 902.2b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €97.2m

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

Balaji Telefilms

Market Cap: ₹11.1b

Engages in the entertainment business in India and internationally.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

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: ₺6.0b

Operates as a guardrail supplier company in Turkey.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

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

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺29.0b

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

Alumil Aluminium Industry

Market Cap: €161.1m

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

Transcorp Power

Market Cap: ₦2.4t

Engages in the generation and sale of electric power in Nigeria and internationally.

Viohalco

Market Cap: €1.6b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

Eurofins-Cerep

Market Cap: €88.8m

Provides various drug discovery services to pharmaceutical, biopharmaceutical, and biotechnology companies France and internationally.

Cyprus Cement

Market Cap: €137.2m

Engages in the manufacturing and sale of cement and related business in Cyprus.

Central Cooperative Bank AD

Market Cap: лв207.2m

A commercial bank, provides various financial products and services.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €399.4m

Operates as a cooperative bank in France.

Purple Group

Market Cap: R2.2b

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.

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺8.1b

A real estate investment trust.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺15.6b

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