Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Wema Bank

Market Cap: ₦1.1t

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

Ningbo United GroupLtd

Market Cap: CN¥2.4b

Engages in the commercial trade business in China.

Decora

Market Cap: zł799.5m

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

Alantra Partners

Market Cap: €405.3m

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

AIICO Insurance

Market Cap: ₦153.7b

Provides risk underwriting and related financial services in Nigeria.

Zhongyeda Electric

Market Cap: CN¥5.5b

Engages in the distribution of industrial electrical products in China.

Yeni Gimat Gayrimenkul Yatirim Ortakligi

Market Cap: ₺51.6b

Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S.

GB Holdings

Market Cap: US$55.2m

Produces rubber and chemical products in Zimbabwe.

Hoshi Iryo-Sanki

Market Cap: JP¥16.6b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Payton Industries

Market Cap: ₪570.0m

Engages in the development, production, and marketing of transformers in Israel, Asia, Europe, the United States, and internationally.

Zito d.o.o

Market Cap: €504.7m

Engages in the food and agricultural businesses in Croatia, Hungary, Italy, Serbia, Slovakia, Kosovo, and internationally.

Moury Construct

Market Cap: €299.7m

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

Transnational

Market Cap: ₦489.8b

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

Southern Michigan Bancorp

Market Cap: US$119.9m

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

Envirotainer

Market Cap: €377.4m

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

Tureks Turizm Tasimacilik Anonim Sirketi

Market Cap: ₺9.8b

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

Ilex Medical

Market Cap: ₪613.6m

Engages in the import, marketing, distribution and sale of medical laboratory equipment and various diagnostic products, diagnostic systems, and kits and consumables in Israel, the United States, and internationally.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €526.5m

Operates as a cooperative bank in France.

Fidelity Life Assurance of Zimbabwe

Market Cap: US$73.4m

Provides life and funeral assurance, asset management, actuarial consultancy and micro-financing services in Zimbabwe and Malawi.

Hamat Group

Market Cap: ₪540.5m

Engages in the production, development, import, marketing, distribution, and sale of home design and construction finishing products for bathrooms, toilets, and kitchens in Israel and internationally.

Lion Capital

Market Cap: RON 2.4b

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.

High Templar Tech

Market Cap: US$397.5m

Operates as a consumer-oriented financial technology service company in the People’s Republic of China.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.7b

A publicly owned investment manager.

Pasifik Holding

Market Cap: ₺33.0b

Through its subsidiaries, engages in providing diversified range of services in various sectors.

NameSilo Technologies

Market Cap: US$122.0m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Bank of Africa Mali

Market Cap: XOF 129.0b

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

Marvipol Development

Market Cap: zł451.9m

Develops residential projects in Poland.

Procimmo Group

Market Cap: CHF 432.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

First National Bank of Botswana

Market Cap: P14.4b

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

Dekpol

Market Cap: zł685.7m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Steppe Gold

Market Cap: CA$371.7m

Engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺14.1b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Terminal X Online

Market Cap: ₪995.2m

Engages in the marketing and sale of fashion and lifestyle products in Israel.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺33.0b

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

Cashmere Valley Bank

Market Cap: US$259.2m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.