Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bank of Africa Mali

Market Cap: XOF 116.5b

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

Inmocemento

Market Cap: €1.6b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

Master Drilling Group

Market Cap: R2.4b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Evergent Investments

Market Cap: RON 2.4b

A publicly owned investment manager.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺19.6b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

KABE Group AB (publ.)

Market Cap: SEK 1.8b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺11.0b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.4b

Mackolik Internet Hizmetleri Ticaret A.S.

Blume Metal Kimya Anonim Sirketi

Market Cap: ₺7.9b

Operates in the tourism, construction, and energy sectors in Turkey.

VNV Global

Market Cap: SEK 2.7b

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.

Purple Group

Market Cap: R2.9b

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.

Maistra d.d

Market Cap: €623.8m

Engages in the hotel business in Croatia.

Performance Technologies

Market Cap: €106.8m

Provides production and marketing of it products, solutions and services, in Greece.

Dekpol

Market Cap: zł654.0m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

AB Akola Group

Market Cap: €305.7m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

Cyprus Cement

Market Cap: €172.8m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

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

Envirotainer

Market Cap: €395.1m

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

FRoSTA

Market Cap: €632.2m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

Invests in, operates, and manages duty-free shops.

ANSA Merchant Bank

Market Cap: TT$2.6b

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

Inversiones Doalca SOCIMI

Market Cap: €156.6m

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

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Epsilon Energy

Market Cap: US$122.0m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

A3 Mercados

Market Cap: AR$847.1b

Operates as a market for negotiable securities in Argentina and internationally.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

FineMark Holdings

Market Cap: US$475.2m

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

Deutsche Balaton

Market Cap: €248.5m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Grendene

Market Cap: R$4.7b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Machvision

Market Cap: NT$33.7b

Develops and sells machine vision systems for semiconductor and printed circuit board (PCB) industry in Taiwan.

Sopharma AD

Market Cap: лв1.5b

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

Guangdong Goworld

Market Cap: CN¥7.5b

Provides electronic components and ultrasonic electronic instruments in China.

Anhui Huaren Health Pharmaceutical

Market Cap: CN¥5.9b

Anhui Huaren Health Pharmaceutical Co., Ltd.

HannStar Board

Market Cap: NT$46.9b

Manufactures, assembles, and sells printed circuit boards (PCBs) in Taiwan.