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.

Kalyani Investment

Market Cap: ₹16.4b

A non-deposit taking core investment company, engages in making investments in group companies in India.

First National Bank of Botswana

Market Cap: P13.0b

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

Wema Bank

Market Cap: ₦234.7b

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

Castellana Properties Socimi

Market Cap: €813.3m

As of December 20, 2016, Castellana Properties Socimi, S.A.

Nederman Holding

Market Cap: SEK 7.6b

Operates as an environmental technology company in the Americas, the Asia Pacific, Europe, the Middle East, and Asia.

Krom Bank Indonesia

Market Cap: Rp14.8t

Provides various banking products and services in Indonesia.

Ege Endüstri ve Ticaret

Market Cap: ₺32.3b

Develops, manufactures, and sells axle and suspension system components for commercial vehicles and special vehicle applications in Turkey and internationally.

Pure Cycle

Market Cap: US$256.9m

Provides wholesale water and wastewater services in the United States.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.1b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 243.6b

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

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺21.8b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Maistra d.d

Market Cap: €527.5m

Engages in the hotel business in Croatia.

Ellaktor

Market Cap: €811.2m

Through its subsidiaries, operates as an infrastructure company in Greece, other European countries, Gulf countries, and the Americas.

Standard Bank

Market Cap: MK 1.9t

Provides banking and other related services in Malawi.

FRoSTA

Market Cap: €517.8m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺7.1b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Verusa Holding

Market Cap: ₺16.0b

A private equity and venture capital firm specializing in recapitalizations, growth capital, restructuring, growth equity, growth stage, and Pre-Initial Public Offering companies.

AB Vilkyskiu pienine

Market Cap: €110.4m

Engages in the production and sale of dairy products in Lithuania, rest of the European Union, and internationally.

Moury Construct

Market Cap: €201.9m

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

Meditera Tibbi Malzeme Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺5.1b

Manufactures and sells medical devices in Turkey.

OHB

Market Cap: €1.4b

Operates as a space and technology company in Germany, rest of Europe, and internationally.

Onde

Market Cap: zł582.2m

Engages in the designing and construction solutions for the renewable energy sector in Poland and internationally.

Teekay

Market Cap: US$542.2m

Engages in the crude oil and other marine transportation services worldwide.

Hua Na Hydropower

Market Cap: ₫5.8t

Engages in the electricity generation activities.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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

AB Traction

Market Cap: SEK 3.9b

A private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺21.6b

Provides software development services to public and private organizations in Turkey.

Reitar Logtech Holdings

Market Cap: US$205.4m

Through its subsidiaries, provides construction management and engineering design services.

Dekpol

Market Cap: zł414.8m

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

Invest Bank

Market Cap: د.أ196.3m

Provides various banking and related financial services in Jordan.

Telematic Interactive Bulgaria EAD

Market Cap: лв281.8m

Offers online betting and gambling services.

Zona Franca de Iquique

Market Cap: CL$203.6b

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

NSIA Banque Société Anonyme

Market Cap: XOF 222.2b

Provides various banking products and services.

HOMAG Group

Market Cap: €455.0m

Manufactures and sells machines and solutions for woodworking and timber construction industries worldwide.

Anbio Biotechnology

Market Cap: US$313.8m

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