Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

MCH Group

Market Cap: CHF 106.0m

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

Gulf Insurance Group - Jordan

Market Cap: د.أ79.3m

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

Nigerian Aviation Handling

Market Cap: ₦213.4b

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

Mangold Fondkommission

Market Cap: SEK 937.0m

Provides financial services to companies, institutions, and private individuals in Sweden.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Sociedad Matriz SAAM

Market Cap: CL$1.4t

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

Maistra d.d

Market Cap: €645.7m

Engages in the hotel business in Croatia.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺10.6b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

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.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Transcorp Power

Market Cap: ₦2.3t

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

Famous Brands

Market Cap: R5.3b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

KABE Group AB (publ.)

Market Cap: SEK 1.9b

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

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺19.5b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

First Investment Bank AD

Market Cap: лв846.8m

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

Master Drilling Group

Market Cap: R2.5b

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.

Inmocemento

Market Cap: €1.6b

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

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺33.8b

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

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺6.9b

Marmaris Altinyunus Turistik Tesisler A.S.

Central Cooperative Bank AD

Market Cap: лв235.2m

A commercial bank, provides various financial products and services.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

ABG Sundal Collier Holding

Market Cap: NOK 4.2b

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €90.6m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

VNV Global

Market Cap: SEK 2.8b

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.

AB Akola Group

Market Cap: €304.0m

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.

Alumil Aluminium Industry

Market Cap: €162.7m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$26.6b

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E) was founded in 2018 and is based in Mexico.

Chilanga Cement

Market Cap: K14.0b

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

Metalpha Technology Holding

Market Cap: US$104.5m

Provides wealth management services in Hong Kong.

Grendene

Market Cap: R$4.8b

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

A3 Mercados

Market Cap: AR$762.5b

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

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.