Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Purple Group

Market Cap: R2.3b

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.

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.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺7.3b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.3b

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

Evergent Investments

Market Cap: RON 1.3b

A publicly owned investment manager.

Vantage

Market Cap: US$140.3m

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

Itafos

Market Cap: CA$573.9m

Operates as a phosphate and specialty fertilizer company.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.4b

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

Reitar Logtech Holdings

Market Cap: US$238.5m

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

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.3b

Engages in the production and sale of food products in Turkey.

va-Q-tec

Market Cap: €395.1m

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

Acsion

Market Cap: R3.4b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 302.9b

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

Valhi

Market Cap: US$500.3m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Zona Franca de Iquique

Market Cap: CL$222.4b

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

NICO Holdings

Market Cap: MK 1.0t

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

NSIA Banque Société Anonyme

Market Cap: XOF 244.9b

Provides various banking products and services.

Gulf Island Fabrication

Market Cap: US$113.1m

Operates as a fabricator of steel structures and modules in the United States.

Alumil Aluminium Industry

Market Cap: €161.7m

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

Pure Cycle

Market Cap: US$240.0m

Provides wholesale water and wastewater services in the United States.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł946.2m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Solesence

Market Cap: US$279.7m

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

FineMark Holdings

Market Cap: US$525.1m

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

La Forestière Equatoriale

Market Cap: €117.3m

Does not have any significant operations.

Alantra Partners

Market Cap: €309.7m

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

Colorado

Market Cap: د.م1.0b

Manufactures and distributes various paints in Morocco and internationally.

AJIS

Market Cap: JP¥26.1b

Provides inventory and other retail support services in Asia.

AzureWave Technologies

Market Cap: NT$9.3b

Engages in the manufacture and sale of wireless connectivity and image processing solutions worldwide.

Ohashi Technica

Market Cap: JP¥27.4b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, Mexico, Thailand, Taiwan, China, and Europe.

Saison Technology

Market Cap: JP¥31.2b

Engages in the system development and operation, and software package businesses in Japan.

Shenzhen Tongye TechnologyLtd

Market Cap: CN¥3.5b

Engages in the research and development, production, sale, and maintenance services of rail transit electrical equipment products in China.

Flügger group

Market Cap: DKK 984.6m

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

Miwon Chemicals

Market Cap: ₩172.6b

Develops, manufactures, and sells performance chemicals for use in the rubber, detergent, and personal care industries worldwide.

DYPNFLtd

Market Cap: ₩177.7b

Manufactures and sells powder transport equipment in South Korea, the United States, the Middle East, Southeast Asia, Europe, and internationally.