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.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €106.5m

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

Wasko

Market Cap: zł609.1m

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

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

Market Cap: ₺15.0b

Operates as a guardrail supplier company in Turkey.

Bank of Africa Mali

Market Cap: XOF 128.9b

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

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.

Freetrailer Group

Market Cap: €505.2m

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

AB Akola Group

Market Cap: €263.2m

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.

Banco di Desio e della Brianza

Market Cap: €1.1b

Provides banking products and services to individuals and enterprises in Italy.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 95.5b

Processes heavy bitumen crude in Africa.

Purple Group

Market Cap: R2.8b

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.

Envirotainer

Market Cap: €386.3m

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

AIICO Insurance

Market Cap: ₦153.7b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦1.1t

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

Decora

Market Cap: zł759.4m

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

Acsion

Market Cap: R4.9b

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

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.6b

A publicly owned investment manager.

Tureks Turizm Tasimacilik Anonim Sirketi

Market Cap: ₺7.7b

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

Amir Marketing and Investments in Agriculture

Market Cap: ₪456.8m

Through its subsidiaries supplies and markets agricultural inputs in Israel.

A3 Mercados

Market Cap: AR$706.5b

Operates as a market for negotiable securities in Argentina and internationally.

Telekom Networks Malawi

Market Cap: MK 356.5b

Provides telecommunication services to enterprises and individual customers in Malawi.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.4b

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

Moury Construct

Market Cap: €272.8m

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

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Nigerian Aviation Handling

Market Cap: ₦340.1b

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

NameSilo Technologies

Market Cap: US$104.4m

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

Yeni Gimat Gayrimenkul Yatirim Ortakligi

Market Cap: ₺49.1b

Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S.

MCH Group

Market Cap: CHF 114.5m

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

GROUPE SFPI

Market Cap: €146.6m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

Central Forest Group

Market Cap: JP¥22.7b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺32.2b

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

Infinity Capital Investments

Market Cap: RON 1.5b

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

BAUER

Market Cap: €245.3m

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

First Bancorp

Market Cap: US$312.4m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.