Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

NSIA Banque Société Anonyme

Market Cap: XOF 252.3b

Provides various banking products and services.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 295.9b

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Decora

Market Cap: zł801.6m

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

MCH Group

Market Cap: CHF 117.5m

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

Italmobiliare

Market Cap: €1.2b

An investment holding company, owns and manages a portfolio of equity and other investments in the financial and industrial sectors in Italy and internationally.

Auction Technology Group

Market Cap: UK£601.8m

Operates online auction marketplaces in the United Kingdom, North America, and Germany.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.1b

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

Cyprus Cement

Market Cap: €137.2m

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

Zona Franca de Iquique

Market Cap: CL$230.4b

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

Transcorp Power

Market Cap: ₦2.4t

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

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.

Jadranski naftovod d.d

Market Cap: €836.4m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Famous Brands

Market Cap: R6.2b

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.

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.

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺9.7b

Produces and trades in frozen and canned products in Turkey.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 69.0b

Processes heavy bitumen crude in Africa.

Lampsa Hellenic Hotels

Market Cap: €854.6m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Darwin

Market Cap: €91.2m

Operates as a biotechnology company.

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺8.1b

A real estate investment trust.

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.

Flügger group

Market Cap: DKK 978.6m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł844.8m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

SALUS Ljubljana d. d

Market Cap: €343.6m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Alantra Partners

Market Cap: €302.8m

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

Colorado

Market Cap: د.م983.2m

Manufactures and distributes various paints in Morocco and internationally.

Capricorn Group

Market Cap: R11.0b

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

Itafos

Market Cap: CA$595.2m

Operates as a phosphate and specialty fertilizer company.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺6.6b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

La Forestière Equatoriale

Market Cap: €119.4m

Does not have any significant operations.

Nigerian Aviation Handling

Market Cap: ₦190.8b

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

Mendelson Infrastructures & Industries

Market Cap: ₪719.9m

Mendelson Infrastructures & Industries Ltd.

Malam - Team

Market Cap: ₪2.3b

Provides information technology services in Israel.

Terminal X Online

Market Cap: ₪674.0m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.