Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cigniti Technologies

Market Cap: ₹32.5b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

Bank of the James Financial Group

Market Cap: US$104.0m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €103.8m

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

Chilanga Cement

Market Cap: K13.3b

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

Alumil Aluminium Industry

Market Cap: €188.6m

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

Inversiones Doalca SOCIMI

Market Cap: €155.4m

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

Linc

Market Cap: SEK 4.5b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺16.9b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

A3 Mercados

Market Cap: AR$801.1b

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.

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 624.6b

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

Moury Construct

Market Cap: €308.1m

Moury Construct SA, together with its subsidiaries, constructs and renovates residential and non-residential buildings in Belgium.

Empresas Lipigas

Market Cap: CL$919.1b

Provides energy solutions through the marketing, distribution, and sale of liquefied petroleum gas (LPG), natural gas (NG), liquefied natural gas (LNG), and electricity for residential, commercial, and industrial use in Chile, Colombia, Peru, and Ecuador.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺24.0b

Operates as a guardrail supplier company in Turkey.

Odlewnie Polskie

Market Cap: zł371.0m

Produces and sells castings in Germany, the Czech Republic, the Netherlands, the United States, Sweden, Hungary, Great Britain, Austria, Slovakia, Denmark, Turkey, Spain, Italy, Switzerland, France, and Serbia.

AIICO Insurance

Market Cap: ₦169.8b

Provides risk underwriting and related financial services in Nigeria.

Colorado

Market Cap: د.م1.3b

Manufactures and distributes various paints in Morocco and internationally.

Union Bankshares

Market Cap: US$106.7m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Teekay

Market Cap: US$1.2b

Provides crude oil marine transportation and other marine services worldwide.

Transnational

Market Cap: ₦485.2b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Wema Bank

Market Cap: ₦1.3t

Provides banking and other financial services to corporate and individual customers in Nigeria.

Viking Line Abp

Market Cap: €354.2m

Provides passenger and cargo carrier services.

MCH Group

Market Cap: CHF 134.9m

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

Affinity Bancshares

Market Cap: US$137.1m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

Winchester Bancorp

Market Cap: US$118.6m

Operates as a bank holding company for Winchester Savings Bank that provides banking products and services in the United States.

Dn Agrar Group

Market Cap: RON 478.9m

Engages in the production of cow milk.

Audioboom Group

Market Cap: UK£100.7m

A podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States.

Marítima de Inversiones

Market Cap: CL$277.9b

Maritima de Inversiones SA is a publicly owned investment manager.

Sound Financial Bancorp

Market Cap: US$106.2m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

RTX

Market Cap: DKK 777.7m

A technology company, designs, manufactures, and sells wireless communication solutions in Denmark, France, Germany, rest of Europe, the United States, Hong Kong, Other Asia and Pacific, and internationally.

ANSA Merchant Bank

Market Cap: TT$2.5b

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

Cyprus Cement

Market Cap: €170.8m

Engages in the production and sale of cement and related businesses in Cyprus.

Viet Nam Forestry Corporation -

Market Cap: ₫5.4t

Engages in the cultivation, seeding, planting for wood in Vietnam.

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

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