Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

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

Purple Group

Market Cap: R2.9b

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 650.2b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 104.3b

Processes heavy bitumen crude in Africa.

Kingstone Companies

Market Cap: US$217.5m

Through its subsidiary, Kingstone Insurance Company ("KICO"), provides property and casualty insurance products in the United States.

Standard Bank

Market Cap: MK 996.0b

Provides banking and other related services in Malawi.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ629.3m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Freetrailer Group

Market Cap: €543.3m

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

Acsion

Market Cap: R4.6b

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

Mendelson Infrastructures & Industries

Market Cap: ₪607.8m

Engages in the supply of conduction and flow products in Israel.

Envirotainer

Market Cap: €398.1m

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

Pasifik Eurasia Lojistik Dis Ticaret

Market Cap: ₺81.6b

Pasifik Eurasia Lojistik Dis Ticaret A.S.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Cashmere Valley Bank

Market Cap: US$253.3m

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

First Northern Community Bancorp

Market Cap: US$232.2m

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.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.5b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Amir Marketing and Investments in Agriculture

Market Cap: ₪463.1m

Through its subsidiaries supplies and markets agricultural inputs in Israel.

C. Mer Industries

Market Cap: ₪548.5m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Epsilon Energy

Market Cap: US$171.9m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Malam - Team

Market Cap: ₪2.2b

Provides information technology services in Israel.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺17.6b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Sound Financial Bancorp

Market Cap: US$105.5m

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

Vivo Energy Mauritius

Market Cap: MU₨13.1b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft48.1b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

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

Cyprus Cement

Market Cap: €176.9m

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

SALUS Ljubljana d. d

Market Cap: €534.3m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

AB Akola Group

Market Cap: €292.4m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

Dekpol

Market Cap: zł652.3m

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

New Mauritius Hotels

Market Cap: MU₨7.2b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Infinity Capital Investments

Market Cap: RON 1.6b

A private equity and venture capital firm specializing in investments in asset management, expansion, development, start-up, growth capital, turnaround, and restructuring.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺7.5b

Produces and sells food products in Turkey.

NameSilo Technologies

Market Cap: US$124.2m

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

Procimmo Group

Market Cap: CHF 378.4m

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

Bank of Africa Mali

Market Cap: XOF 130.4b

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