Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Taiyo KagakuLtd

Market Cap: JP¥39.5b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Suzhou Fengbei Biotech Stock

Market Cap: CN¥6.2b

Manufactures and sells resource-based products from utilization of natural oil and fat resources in China.

Asian Terminals

Market Cap: ₱68.9b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

FRMO

Market Cap: US$341.2m

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

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.4b

Mackolik Internet Hizmetleri Ticaret A.S.

Dekpol

Market Cap: zł654.0m

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

KABE Group AB (publ.)

Market Cap: SEK 1.8b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

AB Akola Group

Market Cap: €305.7m

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.

Namibia Breweries

Market Cap: R6.2b

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

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.

Maistra d.d

Market Cap: €623.8m

Engages in the hotel business in Croatia.

Nigerian Aviation Handling

Market Cap: ₦202.6b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺11.0b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Blume Metal Kimya Anonim Sirketi

Market Cap: ₺7.9b

Operates in the tourism, construction, and energy sectors in Turkey.

VNV Global

Market Cap: SEK 2.7b

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture.

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.

Standard Chartered Bank Kenya

Market Cap: KSh108.4b

Provides various banking products and services for individuals and businesses.

Alumil Aluminium Industry

Market Cap: €155.6m

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

Inmocemento

Market Cap: €1.6b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

Evergent Investments

Market Cap: RON 2.4b

A publicly owned investment manager.

Sociedad Matriz SAAM

Market Cap: CL$1.4t

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

Master Drilling Group

Market Cap: R2.4b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺19.6b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €91.2m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Smart Organic AD

Market Cap: лв362.9m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺32.9b

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

Central Cooperative Bank AD

Market Cap: лв235.2m

A commercial bank, provides various financial products and services.

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.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺7.0b

Marmaris Altinyunus Turistik Tesisler A.S.

Performance Technologies

Market Cap: €106.8m

Provides production and marketing of it products, solutions and services, in Greece.

Cyprus Cement

Market Cap: €172.8m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Colorado

Market Cap: د.م1.3b

Manufactures and distributes various paints in Morocco and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

Invests in, operates, and manages duty-free shops.