Global High-Quality Undiscovered Gems

SHAPE Australia

Market Cap: AU$559.9m

Engages in the construction, fitout, and refurbishment of commercial properties in Australia.

Ifirma

Market Cap: zł215.4m

IFirma SA provides accounting services. The company operates a website, ifirma.pl, which offers services and tools for tax settlements and supporting business activities.

innoscripta

Market Cap: €718.0m

Provides software-as-a-service for managing research and development (R&D) tax incentives and project management consulting in Germany.

EZconn

Market Cap: NT$128.5b

Manufactures and sells precision metal components and optical fiber components of various electronic products in Taiwan, Asia, the United States, and Europe.

Australian Ethical Investment

Market Cap: AU$521.7m

Australian Ethical Investment Ltd is a publicly owned investment manager.

Serabi Gold

Market Cap: UK£219.6m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Netbay

Market Cap: ฿4.3b

Engages in the provision of Software as a Service (SaaS) for online electronic transactions between business-to-government, business-to-business, and business-to-consumer groups in Thailand.

Integrated Diagnostics Holdings

Market Cap: US$370.6m

Operates as a consumer healthcare company that provides medical diagnostics services to patients.

Generic Sweden

Market Cap: SEK 560.5m

A technology company, provides messaging services for all applications.

NorAm Drilling

Market Cap: NOK 1.5b

Together with its subsidiary, owns and operates AC driven rigs for the drilling of horizontal wells in the United States.

Presco

Market Cap: ₦2.0t

Engages in the oil palm plantations development, palm oil milling, palm kernel processing, and vegetable oil refining businesses in Nigeria and Ghana.

Mamezo

Market Cap: JP¥56.9b

Provides IT solutions in Japan.

Soilbuild Construction Group

Market Cap: S$668.5m

An investment holding company, engages in the residential and business space properties construction in Singapore, Myanmar, Malaysia, and internationally.

STIF Société anonyme

Market Cap: €317.4m

Manufactures and sells components for the handling of bulk products in France.

Nusantara Sawit Sejahtera

Market Cap: Rp19.2t

Engages in the palm oil plantation business in Indonesia.

e-finance for Digital and Financial InvestmentsE

Market Cap: ج.م78.9b

e-finance for Digital and Financial Investments S.A.E.

Oiltek International

Market Cap: S$259.5m

An investment holding company, engages in the supply and provision of engineering design and commissioning of oil extraction equipment and plant in Asia, the United States, and Africa.

Micro Systemation

Market Cap: SEK 1.3b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

Crizac

Market Cap: ₹41.4b

Provides educational consultancy services in India and internationally.

Cybozu

Market Cap: JP¥97.7b

Develops, sells, and operates of groupware solutions in Japan.

SKS Technologies Group

Market Cap: AU$452.1m

Engages in the design, supply, and installation of audio visual, electrical, and communication products and services in Australia.

Norbit

Market Cap: NOK 12.2b

Provides technology solutions to customers in a range of industries.

TotalEnergies Marketing Maroc

Market Cap: د.م14.3b

Operates petroleum products service stations in Morocco.

JF SmartInvest Holdings

Market Cap: HK$15.5b

An investment holding company, through its subsidiaries, provides online investment decision-making solution services in the People’s Republic of China.

East African Breweries

Market Cap: KSh196.7b

Engages in the brewery, production, importation, marketing, distribution, and sale of beer, spirits, adult non-alcoholic drinks, and malt and barley products in Kenya, Uganda, and Tanzania.

Stanbic IBTC Holdings

Market Cap: ₦1.9t

A financial holding company, provides banking and other financial services to individuals, businesses, institutions, and corporations in Nigeria and internationally.

BHI

Market Cap: ₩2.3t

Engages in the development, manufacture, and supply of power plant equipment worldwide.

Sectra

Market Cap: SEK 40.2b

Provides solutions for medical IT and cybersecurity sectors in Sweden, the United Kingdom, the Netherlands, and rest of Europe.

Bengo4.comInc

Market Cap: JP¥56.5b

Offers online professional consultancy services in Japan.

Clas Ohlson

Market Cap: SEK 20.9b

A retail company, sells building, electrical, multimedia, home, and leisure products in Sweden, Norway, Finland, and internationally.

eWeLLLtd

Market Cap: JP¥36.7b

Develops business support cloud services for visiting nursing stations in Japan.

MPS

Market Cap: ₹27.8b

Provides platforms and services for content creation, full-service production, and distribution to the publishers, learning companies, corporate institutions, libraries, and content aggregators in India, Europe, the United States, and internationally.

Nedap

Market Cap: €581.8m

Develops and manufactures electronic equipment and software in the Netherlands, Germany, rest of Europe, North America, and internationally.

Medistim

Market Cap: NOK 3.9b

Develops, produces, services, leases, and distributes medical devices for cardiac and vascular surgery in the United States, Asia, Europe, and internationally.

Manorama Industries

Market Cap: ₹84.0b

Manufactures, processes, and supplies specialty fats and butters from tree-borne, and plant-based seeds worldwide.

Ancara Logistics Indonesia

Market Cap: Rp11.0t

Engages in the sea transportation, transshipment, and intermediate stockpile services in Indonesia.