Global Undiscovered Gems With Strong Fundamentals

Grigeo Group

Market Cap: €144.1m

Operates in the paper and wood industry in Lithuania.

Société de Therapeutique Marocaine

Market Cap: د.م13.1b

A pharmaceutical company, engages in the manufacturing of licensed medicines in Morocco.

Suez Canal Bank (S.A.E)

Market Cap: ج.م24.1b

Provides retail, corporate, and investment banking services in the Arab Republic of Egypt.

Les Docks des Pétroles d'Ambès -SA

Market Cap: €90.0m

Provides logistics services of petroleum products in France.

Bank of Jerusalem

Market Cap: ₪1.6b

Provides commercial banking services in Israel.

Firefly

Market Cap: SEK 1.1b

Develops and sells industrial fire prevention and protection systems for the process industry worldwide.

APB Apranga

Market Cap: €184.1m

Engages in the retail trade of apparel in the Baltic countries.

Suny Cellular Communication

Market Cap: ₪346.3m

Engages in importing and marketing cell phones, accessories, and storage devices in Israel.

Spadel

Market Cap: €954.6m

Produces and markets natural mineral water in Belgium.

Elad Software Systems

Market Cap: ₪654.4m

Provides information technology solutions and services in Israel.

Orbit Technologies

Market Cap: ₪1.1b

Develops, manufactures, and sells communication products worldwide.

Société Fermière du Casino Municipal de Cannes

Market Cap: €313.8m

Operates hotels, casinos, gaming club, spas, performance venues, and restaurants in France.

Rokiskio Suris

Market Cap: €140.1m

Engages in the production and sale of fermented cheese, whey, and skimmed milk powder products in Lithuania.

Zambal Spain Socimi

Market Cap: €584.2m

Operates as a subsidiary of IBA Capital Partners.

Gimv

Market Cap: €1.6b

A private equity and venture capital firm specializing in direct and fund of funds investments.

Dalekovod d.d

Market Cap: €353.9m

Engages in the design, engineering, production, construction, and installation of electric power facilities, facilities for road, railroad and mass transit, and telecommunication infrastructure in Croatia, Sweden, Norway, Slovenia, Germany, Ukraine, the United Kingdom, Northern Macedonia, Bosnia and Herzegovina, and internationally.

City Lodge Hotels

Market Cap: R2.8b

Engages in the operation of hotels for business and leisure travelers in South Africa, Botswana, Mozambique, and Namibia.

Quantum Foods Holdings

Market Cap: R1.8b

Engages in the feed, poultry, and egg businesses in South Africa and other African markets.

Frontier Transport Holdings

Market Cap: R1.8b

An investment holding company, operates in the transport sector in South Africa.

Massy Holdings

Market Cap: TT$7.1b

Engages in trading, service industries, and finance business in Trinidad and Tobago, the Barbados and Eastern Caribbean region, Guyana, Jamaica, Colombia, and the United States.

Indexa Capital Group

Market Cap: €188.9m

Indexa Capital Group, S.A., together with its subsidiaries, holds interests in financial and insurance companies.

PCC Exol

Market Cap: zł386.6m

Manufactures and distributes surfactants in Poland and internationally.

Sefalana Holding

Market Cap: P4.0b

Through its subsidiaries, engages in the wholesale and retail distribution of fast-moving consumer goods in Botswana, Australia, Zambia, South Africa, Lesotho, and Namibia.

Sinpas Gayrimenkul Yatirim Ortakligi

Market Cap: ₺18.6b

Sinpas Gayrimenkul Yatirim Ortakligi A.S., formerly Sinpas Insaat, is a Turkish real estate investment trust (REIT) established in 2006 and transformed into a REIT in 2007.

OPUS GLOBAL Nyrt

Market Cap: Ft293.0b

Through its subsidiaries, engages in the construction business in Hungary, rest of EU countries, non-EU countries, Asian countries, and internationally.

Caisse Régionale de Crédit Agricole Mutuel Alpes Provence Société coopérative

Market Cap: €974.6m

Provides banking products and services in France.

Villar International

Market Cap: ₪3.2b

Engages in acquisition, development, and construction of real estate properties in Israel and internationally.

Spyrosoft Spólka Akcyjna

Market Cap: zł623.7m

Operates as a software engineering company.

ING-GRAD d.d

Market Cap: €221.4m

Engages in construction business in Croatia.

P.C.B. Technologies

Market Cap: ₪853.5m

Engages in the production, sale, marketing, and repair of printed circuit boards (PCB) and beddings in Israel and internationally.

Automatic Bank Services

Market Cap: ₪817.6m

Operates payment systems for international debit cards in Israel.

Village Super Market

Market Cap: US$568.9m

Engages in the operation of a chain of supermarkets in the United States.

Mevaco

Market Cap: €93.5m

Engages in metal fabrication and construction business in Greece, the United Kingdom, Romania, Denmark, France, Russia, Australia, and internationally.

Votum

Market Cap: zł558.0m

Votum S.A. helps victims of road accidents to obtain compensation from insurance companies.

Flat Capital

Market Cap: SEK 7.2b

Operates as an investment company that focuses on companies with various entrepreneurs worldwide.

Computer Direct Group

Market Cap: ₪1.7b

Engages in the computing and software business in Israel.