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.

Shahjalal Islami Bank

Market Cap: ৳17.9b

Provides commercial banking products and services in Bangladesh.

Cairo Amman Bank

Market Cap: د.أ284.0m

Provides various banking and financial services for corporate and institutional customers.

TSTE

Market Cap: ฿4.0b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Padma Oil

Market Cap: ৳17.1b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Liburnia Riviera Hoteli d.d

Market Cap: €146.5m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

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.

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.

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.

Moury Construct

Market Cap: €308.1m

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

Chilanga Cement

Market Cap: K13.3b

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

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺16.9b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

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.

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.

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.

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.

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.

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.

Dn Agrar Group

Market Cap: RON 478.9m

Engages in the production of cow milk.

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.

Teekay

Market Cap: US$1.2b

Provides crude oil marine transportation and other marine services worldwide.

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.

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.

Freetrailer Group

Market Cap: €586.2m

A technology company, operates a sharing-economy IT platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Norway, Germany, and the Netherlands.

Anbio Biotechnology

Market Cap: US$1.3b

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, and internationally.

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

Tureks Turizm Tasimacilik Anonim Sirketi

Market Cap: ₺8.7b

Engages in group transportation, and fleet and individual vehicle rental activities in Turkey.

Cyprus Cement

Market Cap: €170.8m

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

ANSA Merchant Bank

Market Cap: TT$2.5b

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

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

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