Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Empresas Lipigas

Market Cap: CL$692.9b

Engages in the distribution and sale of liquefied petroleum gas (LPG) and natural gas (NG) in Chile, Peru, and Colombia.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك47.7m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك389.7m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Gulf Island Fabrication

Market Cap: US$116.6m

Operates as a fabricator of steel structures and modules in the United States.

Sociedad de Inversiones Oro Blanco

Market Cap: CL$1.3t

Through its subsidiaries, invests in various types of goods and securities in Chile.

Lampsa Hellenic Hotels

Market Cap: €854.6m

Operates and manages hotels in Greece, Cyprus, and Serbia.

Jordanian Duty Free Shops

Market Cap: د.أ146.5m

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك183.2m

Engages in insurance and reinsurance operations in Kuwait.

Deutsche Balaton

Market Cap: €221.4m

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

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.2b

Manufactures and sells heavy machinery and equipment.

Evergent Investments

Market Cap: RON 1.7b

A publicly owned investment manager.

va-Q-tec

Market Cap: €389.2m

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

Citra Tubindo

Market Cap: Rp4.1t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Sociedad Matriz SAAM

Market Cap: CL$1.2t

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

National Investments Company K.S.C.P

Market Cap: د.ك192.9m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

Kuwait Insurance CompanyK.P

Market Cap: د.ك95.4m

Provides various insurance products and services in Kuwait.

Sound Financial Bancorp

Market Cap: US$120.8m

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

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك44.3m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Eurofins-Cerep

Market Cap: €91.8m

Provides various drug discovery services to pharmaceutical, biopharmaceutical, and biotechnology companies France and internationally.

Chilanga Cement

Market Cap: K6.0b

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

MCH Group

Market Cap: CHF 106.7m

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

Affinity Bancshares

Market Cap: US$122.8m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.6b

Operates as an asset management company.

Sparta

Market Cap: €104.9m

A publicly owned investment manager.

Dekpol

Market Cap: zł593.7m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Inmocemento

Market Cap: €1.6b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

Metalpha Technology Holding

Market Cap: US$126.3m

Provides wealth management services in Hong Kong.

NSIA Banque Société Anonyme

Market Cap: XOF 246.1b

Provides various banking products and services.

Freetrailer Group

Market Cap: €729.8m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺35.6b

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

Itafos

Market Cap: CA$541.1m

Operates as a phosphate and specialty fertilizer company.

Southern Michigan Bancorp

Market Cap: US$115.6m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Sound Group

Market Cap: US$161.8m

Provides audio entertainment, podcast, advertising, and others in the People's Republic of China.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺9.0b

Marmaris Altinyunus Turistik Tesisler A.S.