Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

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.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł901.5m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

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.

Central Cooperative Bank AD

Market Cap: лв217.4m

A commercial bank, provides various financial products and services.

Decora

Market Cap: zł727.7m

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

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

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

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺31.8b

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

Machvision

Market Cap: NT$29.0b

Develops and sells machine vision systems for semiconductor and printed circuit board (PCB) industry in Taiwan.

Fortune Mate Indonesia

Market Cap: Rp2.6t

Provides real estate development and construction services in Indonesia.

Jagsonpal Pharmaceuticals

Market Cap: ₹18.1b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Famous Brands

Market Cap: R5.9b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, Middle East, and Rest of Africa.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €96.1m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.7b

Engages in the production and sale of food products in Turkey.

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Itafos

Market Cap: CA$570.0m

Operates as a phosphate and specialty fertilizer company.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$28.2b

Operates self-service stores that sell office supplies, electronic goods, and housewares in Mexico, Central America, the Caribbean, Colombia, and Chile.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €432.6m

Operates as a cooperative bank in France.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.8b

Operates as an asset management company.

Metalpha Technology Holding

Market Cap: US$125.5m

Provides wealth management services in Hong Kong.

Evergent Investments

Market Cap: RON 1.3b

A publicly owned investment manager.

Flügger group

Market Cap: DKK 984.6m

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

Purple Group

Market Cap: R2.5b

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.

Gulf Island Fabrication

Market Cap: US$111.5m

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

First Investment Bank AD

Market Cap: лв769.3m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

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

Market Cap: ₺8.0b

Operates as a guardrail supplier company in Turkey.

Alantra Partners

Market Cap: €307.6m

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

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.9b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Reitar Logtech Holdings

Market Cap: US$256.0m

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

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

va-Q-tec

Market Cap: €392.2m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.9b

Processes heavy bitumen crude in Africa.

Colorado

Market Cap: د.م991.2m

Manufactures and distributes various paints in Morocco and internationally.

Lampsa Hellenic Hotels

Market Cap: €854.6m

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