Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

NSIA Banque Société Anonyme

Market Cap: XOF 237.5b

Provides various banking products and services.

Zona Franca de Iquique

Market Cap: CL$209.2b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

First National Bank of Botswana

Market Cap: P13.5b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł901.5m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Dekpol

Market Cap: zł595.4m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

First Northern Community Bancorp

Market Cap: US$176.7m

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.

Chilanga Cement

Market Cap: K6.1b

Engages in the manufacture and sale of cement products in Zambia.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.6b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

Alumil Aluminium Industry

Market Cap: €162.1m

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

Acsion

Market Cap: R2.3b

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

Metalpha Technology Holding

Market Cap: US$127.0m

Provides wealth management services in Hong Kong.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.8b

Operates as an asset management company.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺9.1b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

Maistra d.d

Market Cap: €580.0m

Engages in the hotel business in Croatia.

Lampsa Hellenic Hotels

Market Cap: €854.6m

Operates and manages hotels in Greece, Cyprus, and Serbia.

Standard Bank

Market Cap: MK 688.6b

Provides banking and other related services in Malawi.

Pure Cycle

Market Cap: US$235.9m

Provides wholesale water and wastewater services in the United States.

Colorado

Market Cap: د.م991.2m

Manufactures and distributes various paints in Morocco and internationally.

Inversiones Doalca SOCIMI

Market Cap: €153.0m

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

Rich Sparkle Holdings

Market Cap: US$345.1m

Provides financial printing and corporate services in Hong Kong.

Preformed Line Products

Market Cap: US$760.1m

Designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries.

Rotshtein Realestate

Market Cap: ₪1.4b

Develops and constructs residential projects in Israel.

Amir Marketing and Investments in Agriculture

Market Cap: ₪423.7m

Supplies and markets agricultural inputs in Israel.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.4b

A publicly owned investment manager.

C. Mer Industries

Market Cap: ₪403.2m

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

Terminal X Online

Market Cap: ₪662.6m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

TSTE

Market Cap: ฿4.5b

Primarily engages in the production and distribution of wheat flour in Thailand.

MCH Group

Market Cap: CHF 115.3m

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Rimoni Industries

Market Cap: ₪478.6m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Payton Industries

Market Cap: ₪501.0m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Southern Michigan Bancorp

Market Cap: US$107.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Aura Investments

Market Cap: ₪6.5b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Mendelson Infrastructures & Industries

Market Cap: ₪695.7m

Mendelson Infrastructures & Industries Ltd.