Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺15.4b

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

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

Market Cap: ₺6.7b

Operates as a guardrail supplier company in Turkey.

Martifer SGPS

Market Cap: €210.2m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.

Lavipharm

Market Cap: €138.3m

Engages in the research, development, manufacture, import, marketing, sale, and wholesale of pharmaceutical, cosmetics, and healthcare products to physicians and pharmacists in Greece and internationally.

Jadranski naftovod d.d

Market Cap: €806.1m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Transcorp Power

Market Cap: ₦2.4t

Engages in the generation and sale of electric power in Nigeria and internationally.

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

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

va-Q-tec

Market Cap: €395.1m

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

Famous Brands

Market Cap: R6.0b

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €97.7m

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

FRMO

Market Cap: US$424.8m

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

Cyprus Cement

Market Cap: €149.5m

Engages in the manufacturing and sale of cement and related business in Cyprus.

First National Bank of Botswana

Market Cap: P13.5b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.0b

Produces and trades in frozen and canned products in Turkey.

First Investment Bank AD

Market Cap: лв763.3m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Viohalco

Market Cap: €1.7b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 68.6b

Processes heavy bitumen crude in Africa.

Oakworth Capital

Market Cap: US$159.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Senstar Technologies

Market Cap: US$105.0m

Provides physical, video, and access control security products and solutions worldwide.

Decora

Market Cap: zł765.7m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

Deutsche Balaton

Market Cap: €194.2m

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

Performance Technologies

Market Cap: €90.8m

Provides IT solutions in Greece.

Solesence

Market Cap: US$288.1m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

China SXT Pharmaceuticals

Market Cap: US$196.1m

A pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine pieces (TCMP) in China.

FineMark Holdings

Market Cap: US$517.2m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺7.3b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

Dekpol

Market Cap: zł597.1m

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

Transnational Corporation of Nigeria

Market Cap: ₦508.1b

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

Sociedad Matriz SAAM

Market Cap: CL$1.1t

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

Valhi

Market Cap: US$501.9m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Central Cooperative Bank AD

Market Cap: лв222.5m

A commercial bank, provides various financial products and services.

Metalpha Technology Holding

Market Cap: US$129.1m

Provides wealth management services in Hong Kong.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.3b

Engages in the production and sale of food products in Turkey.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.4b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Acsion

Market Cap: R3.4b

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