Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Greenfire Resources

Market Cap: US$342.1m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

Sparta

Market Cap: €106.1m

A publicly owned investment manager.

Chilanga Cement

Market Cap: K6.0b

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

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.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Jordanian Duty Free Shops

Market Cap: د.أ147.6m

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

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م17.4b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 307.2b

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

Lampsa Hellenic Hotels

Market Cap: €854.6m

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

Zona Franca de Iquique

Market Cap: CL$232.0b

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

Soma Gold

Market Cap: CA$148.9m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

First National Bank of Botswana

Market Cap: P13.9b

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

Maistra d.d

Market Cap: €601.9m

Engages in the hotel business in Croatia.

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

GlaxoSmithKlineE

Market Cap: ج.م5.4b

Engages in production of pharmaceutical chemicals.

SalfaCorp

Market Cap: CL$519.7b

Engages in engineering, construction, and real estate businesses in Chile and internationally.

Rich Sparkle Holdings

Market Cap: US$493.8m

Provides financial printing and corporate services in Hong Kong.

Sopharma AD

Market Cap: лв1.4b

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

SUI Group Holdings

Market Cap: US$351.6m

A principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth.

PINAGO UTAMA

Market Cap: Rp1.9t

Engages in the oil palm and rubber plantation business in Indonesia.

Metalpha Technology Holding

Market Cap: US$135.2m

Provides wealth management services in Hong Kong.

Nigerian Aviation Handling

Market Cap: ₦204.7b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Zambia Sugar

Market Cap: K16.5b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Linkhome Holdings

Market Cap: US$142.7m

An artificial intelligence-driven property technology company, provides real estate related services in the United States.

Senstar Technologies

Market Cap: US$103.6m

Provides physical, video, and access control security products and solutions worldwide.

Valhi

Market Cap: US$454.8m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

First Bancorp

Market Cap: US$301.2m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Sound Financial Bancorp

Market Cap: US$116.2m

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

Affinity Bancshares

Market Cap: US$123.3m

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

Sound Group

Market Cap: US$115.0m

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

Gulf Island Fabrication

Market Cap: US$119.3m

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

Oakworth Capital

Market Cap: US$160.7m

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

FineMark Holdings

Market Cap: US$488.9m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

FRMO

Market Cap: US$374.2m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.