Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Thai Steel Cable

Market Cap: ฿3.4b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Shangri-La Hotel

Market Cap: ฿6.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Forth Smart Service

Market Cap: ฿4.7b

Provides prepaid mobile top-up services in Thailand.

Saha-Union

Market Cap: ฿8.5b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

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

Market Cap: ج.م13.1b

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.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

Eurofins-Cerep

Market Cap: €90.8m

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

NSIA Banque Société Anonyme

Market Cap: XOF 239.9b

Provides various banking products and services.

Transcorp Power

Market Cap: ₦2.4t

Engages in the generation and sale of electric power in Nigeria and internationally.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.9b

Processes heavy bitumen crude in Africa.

Sugar Terminals

Market Cap: AU$360.0m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

First National Bank of Botswana

Market Cap: P13.5b

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.

Inversiones Doalca SOCIMI

Market Cap: €153.0m

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

Potasios de Chile

Market Cap: CL$488.3b

Engages in investment in shares and other financial instruments in Chile.

ANSA Merchant Bank

Market Cap: TT$3.3b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Zona Franca de Iquique

Market Cap: CL$215.8b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 306.2b

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

Jadranski naftovod d.d

Market Cap: €846.4m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Chilanga Cement

Market Cap: K6.1b

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

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

MAPFRE Middlesea

Market Cap: €110.4m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Nigerian Aviation Handling

Market Cap: ₦228.0b

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

Gulf Insurance Group - Jordan

Market Cap: د.أ91.0m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Capricorn Group

Market Cap: R11.0b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Standard Bank

Market Cap: MK 563.9b

Provides banking and other related services in Malawi.

Senstar Technologies

Market Cap: US$103.6m

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

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Zambia Sugar

Market Cap: K13.2b

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

Morris State Bancshares

Market Cap: US$265.7m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

TSTE

Market Cap: ฿5.5b

Primarily engages in the production and distribution of wheat flour in Thailand.

Grendene

Market Cap: R$4.5b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.