Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺7.0b

Marmaris Altinyunus Turistik Tesisler A.S.

Tri-County Financial Group

Market Cap: US$110.0m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

First Northern Community Bancorp

Market Cap: US$204.8m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Morris State Bancshares

Market Cap: US$244.8m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Aesler Grup Internasional

Market Cap: Rp4.2t

Provides architectural and construction management services in Indonesia.

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Namibia Breweries

Market Cap: R6.0b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €91.7m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.4b

Processes heavy bitumen crude in Africa.

va-Q-tec

Market Cap: €401.0m

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

Linkhome Holdings

Market Cap: US$163.4m

An artificial intelligence-driven property technology company, provides real estate related services in the United States.

Dekpol

Market Cap: zł727.5m

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

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺5.2b

Manufactures and sells heavy machinery and equipment.

ANSA Merchant Bank

Market Cap: TT$2.7b

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

FRMO

Market Cap: US$388.7m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Itafos

Market Cap: CA$577.8m

Operates as a phosphate and specialty fertilizer company.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł892.5m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Acsion

Market Cap: R2.7b

Engages in property holding and development activities in South Africa and internationally.

Greenfire Resources

Market Cap: US$321.8m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺35.9b

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

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺7.0b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Pure Cycle

Market Cap: US$265.1m

Provides wholesale water and wastewater services in the United States.

First Bancorp

Market Cap: US$273.5m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Famous Brands

Market Cap: R5.4b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$25.5b

n/a

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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

Gulf Island Fabrication

Market Cap: US$116.3m

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

Alantra Partners

Market Cap: €314.4m

Engages in the investment banking and asset management services in Spain and internationally.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺19.2b

Provides software development services to public and private organizations in Turkey.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Bank of Africa Mali

Market Cap: XOF 116.3b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Purple Group

Market Cap: R3.1b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

A3 Mercados

Market Cap: AR$616.6b

Engages in futures and options trading in Argentina and internationally.