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 237.5b

Provides various banking products and services.

Solesence

Market Cap: US$241.8m

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

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

FineMark Holdings

Market Cap: US$499.2m

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

Zona Franca de Iquique

Market Cap: CL$209.2b

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

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

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

First National Bank of Botswana

Market Cap: P13.5b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł901.5m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.2b

Processes heavy bitumen crude in Africa.

Nigerian Aviation Handling

Market Cap: ₦193.5b

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

Evergent Investments

Market Cap: RON 1.3b

A publicly owned investment manager.

ASA Gold and Precious Metals

Market Cap: US$584.1m

A publicly owned investment manager.

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.1b

Produces and trades in frozen and canned products in Turkey.

Jadranski naftovod d.d

Market Cap: €780.9m

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

Dekpol

Market Cap: zł595.4m

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

First Northern Community Bancorp

Market Cap: US$176.7m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Chilanga Cement

Market Cap: K6.1b

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

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.6b

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

Alumil Aluminium Industry

Market Cap: €162.1m

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

Acsion

Market Cap: R2.3b

Engages in property holding and development activities in South Africa and internationally.

Gulf Insurance Group - Jordan

Market Cap: د.أ96.7m

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

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Metalpha Technology Holding

Market Cap: US$127.0m

Provides wealth management services in Hong Kong.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.8b

Operates as an asset management company.

Inmocemento

Market Cap: €1.6b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

Purple Group

Market Cap: R2.5b

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.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺9.1b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

Maistra d.d

Market Cap: €580.0m

Engages in the hotel business in Croatia.

Lampsa Hellenic Hotels

Market Cap: €854.6m

Operates and manages hotels in Greece, Cyprus, and Serbia.

Reitar Logtech Holdings

Market Cap: US$265.4m

Through its subsidiaries, provides construction management and engineering design services.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.9b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

va-Q-tec

Market Cap: €398.1m

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

Alantra Partners

Market Cap: €307.6m

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

Capricorn Group

Market Cap: R11.1b

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