Global Undiscovered Gems With Strong Fundamentals

Sociedad Punta del Cobre

Market Cap: CL$771.7b

Engages in the development and exploitation of mineral resources primarily in the Atacama Region.

Velcan Holdings

Market Cap: €85.9m

An investment holding company, manages a portfolio of investments.

Socfinaf

Market Cap: €378.1m

Through its subsidiaries, primarily engages in the production, processing, and sale of palm oil in Sierra Leone, Liberia, Côte d'Ivoire, Ghana, Nigeria, Cameroon, São Tomé and Principe, Congo, and Europe.

Ternium Argentina

Market Cap: AR$2.4t

Manufactures, produces, and processes various steel products in Argentina.

Technical Olympic

Market Cap: €103.1m

Engages in the marine freight shipping business in Greece, Romania, and Cyprus.

Tivoli

Market Cap: DKK 3.4b

Engages in the entertainment business in Denmark.

Kiler Gayrimenkul Yatirim Ortakligi

Market Cap: ₺9.1b

Operates as a real estate investment trust in Turkey.

Alpine Banks of Colorado

Market Cap: US$467.9m

Provides banking products and services to individuals and businesses.

Societe Ivoirienne Des Tabacs S A

Market Cap: XOF 339.3b

Operates as a subsidiary of Imperial Tobacco Group plc.

S.T. Dupont

Market Cap: €93.8m

Designs, manufactures, and sells luxury products in France and internationally.

Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret Anonim Sirketi

Market Cap: ₺18.3b

Europower Enerji Ve Otomasyon Teknolojileri Sanayi Ticaret Anonim Sirketi develops, manufactures, and sells products for low, medium, and high voltage electrical systems.

Oil-Dri Corporation of America

Market Cap: US$942.1m

Develops, manufactures, and markets sorbent products in the United States and internationally.

Acinque

Market Cap: €414.4m

Operates as a multi-utility company in Italy.

Mako Mining

Market Cap: CA$514.3m

Engages in gold mining and exploration activities in Nicaragua.

Spadel

Market Cap: €896.5m

Produces and markets natural mineral water in Belgium.

Burgenland Holding

Market Cap: €225.0m

Through its investment in Burgenland Energie AG, engages in the generation and sale of electricity in Austria.

Les Docks des Pétroles d'Ambès -SA

Market Cap: €95.4m

Engages in the storage and shipping of petroleum products in France.

AltynGold

Market Cap: UK£224.1m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Speedy AD

Market Cap: лв1.0b

Provides courier services in Bulgaria and internationally.

Cheops Technology France Société anonyme

Market Cap: €143.8m

Provides cloud computing services.

SR Bancorp

Market Cap: US$134.6m

Operates as the holding company for Somerset Regal Bank that provides retail and commercial banking services to individuals, businesses, and local municipalities in the communities of Essex, Hunterdon, Middlesex, Morris, Somerset, and Union counties in New Jersey.

Fidelity D & D Bancorp

Market Cap: US$261.0m

Operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers.

Podravka d.d

Market Cap: €1.1b

Produces and sells various food products in Croatia, Slovenia, Europe, and internationally.

Ege Profil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺13.8b

Produces and sells plastic pipes, spare parts, and various profiles and plastic goods in Turkey an internationally.

Community Bancorp

Market Cap: US$126.5m

Operates as the bank holding company for Community National Bank that provides various financial services to individuals, businesses, nonprofit organizations, and municipalities in northern and central Vermont.

Yayla Agro Gida Sanayi ve Ticaret

Market Cap: ₺11.8b

Produces and sells various food and grains in Turkey and internationally.

Dalekovod d.d

Market Cap: €309.3m

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.

Village Super Market

Market Cap: US$551.4m

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

OPUS GLOBAL Nyrt

Market Cap: Ft299.4b

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

City Lodge Hotels

Market Cap: R2.1b

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

Baader Bank

Market Cap: €273.3m

Provides investment and banking services in Europe.

Ohio Valley Banc

Market Cap: US$173.8m

Operates as the bank holding company for The Ohio Valley Bank Company that provides commercial and consumer banking products and services.

First Citizens Group Financial Holdings

Market Cap: TT$10.0b

Provides banking services in Trinidad and Tobago.

Yuanbao

Market Cap: US$1.0b

Through its subsidiaries, provides online insurance distribution and services in the People’s Republic of China.

Seed Co International

Market Cap: P1.4b

Engages in the processing of agricultural seeds in Botswana, Mozambique, South Africa, Angola, the Democratic Republic of Congo, Malawi, Zambia, Nigeria, Ethiopia, Kenya, Rwanda, and Tanzania.

Demetra Holdings

Market Cap: €339.0m

A publicly owned investment manager.