Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Empresas Lipigas

Market Cap: CL$692.9b

Engages in the distribution and sale of liquefied petroleum gas (LPG) and natural gas (NG) in Chile, Peru, and Colombia.

Gulf Island Fabrication

Market Cap: US$116.6m

Operates as a fabricator of steel structures and modules in the United States.

Sociedad de Inversiones Oro Blanco

Market Cap: CL$1.3t

Through its subsidiaries, invests in various types of goods and securities in Chile.

Lampsa Hellenic Hotels

Market Cap: €854.6m

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

Jordanian Duty Free Shops

Market Cap: د.أ146.5m

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

Deutsche Balaton

Market Cap: €221.4m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.2b

Manufactures and sells heavy machinery and equipment.

Evergent Investments

Market Cap: RON 1.7b

A publicly owned investment manager.

va-Q-tec

Market Cap: €389.2m

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

Citra Tubindo

Market Cap: Rp4.1t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Sociedad Matriz SAAM

Market Cap: CL$1.2t

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

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

Sound Financial Bancorp

Market Cap: US$120.8m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Eurofins-Cerep

Market Cap: €91.8m

Provides various drug discovery services to pharmaceutical, biopharmaceutical, and biotechnology companies France and internationally.

Chilanga Cement

Market Cap: K6.0b

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

MCH Group

Market Cap: CHF 106.7m

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

Affinity Bancshares

Market Cap: US$122.8m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.6b

Operates as an asset management company.

Sparta

Market Cap: €104.9m

A publicly owned investment manager.

Dekpol

Market Cap: zł593.7m

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

Inmocemento

Market Cap: €1.6b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

Metalpha Technology Holding

Market Cap: US$126.3m

Provides wealth management services in Hong Kong.

NSIA Banque Société Anonyme

Market Cap: XOF 246.1b

Provides various banking products and services.

Freetrailer Group

Market Cap: €729.8m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺35.6b

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

Itafos

Market Cap: CA$541.1m

Operates as a phosphate and specialty fertilizer company.

Southern Michigan Bancorp

Market Cap: US$115.6m

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.

Sound Group

Market Cap: US$161.8m

Provides audio entertainment, podcast, advertising, and others in the People's Republic of China.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺9.0b

Marmaris Altinyunus Turistik Tesisler A.S.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł856.8m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Solesence

Market Cap: US$248.8m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Oakworth Capital

Market Cap: US$160.3m

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

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

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

Acsion

Market Cap: R2.7b

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

MIA Teknoloji Anonim Sirketi

Market Cap: ₺21.3b

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