Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Liburnia Riviera Hoteli d.d

Market Cap: €97.4m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Transcorp Power

Market Cap: ₦2.7t

Engages in the generation and sale of electric power in Nigeria and internationally.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م8.1b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Misr Beni Suef CementE

Market Cap: ج.م5.2b

Produces and sells cement products in Egypt and internationally.

Alantra Partners

Market Cap: €298.2m

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

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €363.6m

Operates as a cooperative bank in France.

Nederman Holding

Market Cap: SEK 6.2b

Operates as an environmental technology company.

Lavipharm

Market Cap: €127.5m

Engages in the research, development, manufacture, import, marketing, sale, and wholesale of pharmaceutical, cosmetics, and healthcare products to physicians and pharmacists in Greece and internationally.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.1b

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

Decora

Market Cap: zł767.8m

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

MCH Group

Market Cap: CHF 102.0m

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

Viohalco

Market Cap: €1.4b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

Zambia Sugar

Market Cap: K12.2b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Moury Construct

Market Cap: €201.1m

Engages in the construction and renovation of residential and non-residential buildings for private and public markets in Belgium.

Jadranski naftovod d.d

Market Cap: €775.9m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Biggeorge Property Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft50.1b

Operates as a property development company.

Chongqing Machinery & Electric

Market Cap: HK$3.1b

Designs, manufactures, and sells clean energy equipment and high-end smart manufacturing equipment.

MAPFRE Middlesea

Market Cap: €137.1m

Provides non-life and life insurance to individuals, small and medium enterprises, professionals, and businesses in Malta.

Transnational Corporation of Nigeria

Market Cap: ₦421.7b

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

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Intellego Technologies

Market Cap: SEK 1.8b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Morris State Bancshares

Market Cap: US$219.8m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Central Forest Group

Market Cap: JP¥22.1b

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

First IC

Market Cap: US$156.4m

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States.

Oakworth Capital

Market Cap: US$151.7m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Pizu Group Holdings

Market Cap: HK$1.9b

An investment holding company, engages in the manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Lion Rock Group

Market Cap: HK$993.3m

An investment holding company, provides printing services to international book publishers, trade, professional and educational publishing conglomerates, and print media companies.

Central Cooperative Bank AD

Market Cap: лв199.6m

A commercial bank, provides various financial products and services.

Grendene

Market Cap: R$5.0b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Flügger group

Market Cap: DKK 935.6m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Smart Organic AD

Market Cap: лв313.0m

Engages in the production and distribution of organic products worldwide.

Capricorn Group

Market Cap: R10.8b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Shanghai Pioneer Holding

Market Cap: HK$2.6b

An investment holding company, markets, promotes, and sells pharmaceutical products and medical devices primarily in the People’s Republic of China.

Fengyinhe Holdings

Market Cap: HK$882.0m

An investment holding company, provides various financial services to real estate industry in the People’s Republic of China.