Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Ruentex Interior Design

Market Cap: NT$3.5b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Freetrailer Group

Market Cap: €724.4m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Sparta

Market Cap: €100.5m

A publicly owned investment manager.

Senstar Technologies

Market Cap: US$114.6m

Provides physical, video, and access control security products and solutions worldwide.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ703.8m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Dwi Guna Laksana

Market Cap: Rp3.6t

Engages in the coal mining and trading activities in Indonesia.

Sinopower Semiconductor

Market Cap: NT$4.0b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

Hospital Corporation of China

Market Cap: HK$817.6m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Billion Industrial Holdings

Market Cap: HK$10.1b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Jamuna Bank

Market Cap: ৳19.7b

Provides various banking products and services in Bangladesh.

Terminal X Online

Market Cap: ₪751.7m

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

C. Mer Industries

Market Cap: ₪387.6m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺8.5b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺19.2b

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

Bank of Africa Mali

Market Cap: XOF 102.0b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

First Investment Bank AD

Market Cap: лв772.3m

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €91.2m

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Telekom Networks Malawi

Market Cap: MK 366.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Sopharma AD

Market Cap: лв1.4b

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

VNV Global

Market Cap: SEK 3.0b

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺34.7b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 378.2b

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

Sociedad Matriz SAAM

Market Cap: CL$1.2t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Nigerian Aviation Handling

Market Cap: ₦220.2b

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

GB Holdings

Market Cap: US$54.5m

Provides rubber and chemical products in Zimbabwe.

va-Q-tec

Market Cap: €401.0m

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

Liburnia Riviera Hoteli d.d

Market Cap: €174.0m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

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

Namibia Breweries

Market Cap: R6.0b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

ANSA Merchant Bank

Market Cap: TT$2.7b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 77.0b

Processes heavy bitumen crude in Africa.

Alantra Partners

Market Cap: €319.7m

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

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.