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.

Maezawa Kasei Industries

Market Cap: JP¥28.6b

Produces and sells water and sewerage related products, and environmental equipment.

Cyprus Cement

Market Cap: €170.1m

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

Odlewnie Polskie

Market Cap: zł375.0m

Produces and sells castings in Germany, the Czech Republic, the Netherlands, the United States, Sweden, Hungary, Great Britain, Austria, Slovakia, Denmark, Turkey, Spain, Italy, Switzerland, France, and Serbia.

Namibia Breweries

Market Cap: R6.6b

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

First National Bank of Botswana

Market Cap: P14.5b

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

Southern Michigan Bancorp

Market Cap: US$139.5m

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.

Cashmere Valley Bank

Market Cap: US$266.1m

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

Transnational

Market Cap: ₦467.5b

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

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.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

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

Anbio Biotechnology

Market Cap: US$1.5b

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

MCH Group

Market Cap: CHF 136.4m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Dn Agrar Group

Market Cap: RON 488.4m

Engages in the production of cow milk.

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 641.1b

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

Smart Shooter

Market Cap: ₪1.3b

Designs and develops fire control systems in Israel, North America, Europe, Australia and New Zealand.

Freetrailer Group

Market Cap: €552.8m

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.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

BAUER

Market Cap: €258.2m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Alumil Aluminium Industry

Market Cap: €195.8m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Viking Line Abp

Market Cap: €352.5m

Provides passenger and cargo carrier services.

Tchaikapharma High Quality Medicines AD

Market Cap: €891.9m

Develops, manufactures, and sells medicines in Bulgaria.

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

Ilex Medical

Market Cap: ₪580.6m

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.

Envirotainer

Market Cap: €401.0m

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

Evergent Investments

Market Cap: RON 2.9b

A publicly owned investment manager.

Infinity Capital Investments

Market Cap: RON 1.7b

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

Bahnhof

Market Cap: SEK 5.5b

Provides internet services to individuals and businesses in Sweden and internationally.

Wasko

Market Cap: zł559.9m

Designs, implements, and integrats software, information systems, and advanced industrial automation.

ANSA Merchant Bank

Market Cap: TT$2.5b

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

C. Mer Industries

Market Cap: ₪754.4m

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

SIFCO Industries

Market Cap: US$134.2m

Produces and sells forgings and machined components primarily for the aerospace and energy, and defense and commercial space markets in the United States and internationally.

Y.D. More Investments

Market Cap: ₪3.7b

A privately owned Investment Manager.

Fidelity Life Assurance of Zimbabwe

Market Cap: US$63.7m

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