Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Acsion

Market Cap: R3.4b

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

Rotshtein Realestate

Market Cap: ₪1.5b

Develops and constructs residential projects in Israel.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 301.2b

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

Y.D. More Investments

Market Cap: ₪2.6b

A privately owned Investment Manager.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 68.6b

Processes heavy bitumen crude in Africa.

Oakworth Capital

Market Cap: US$160.8m

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

Senstar Technologies

Market Cap: US$105.7m

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

Mendelson Infrastructures & Industries

Market Cap: ₪710.0m

Mendelson Infrastructures & Industries Ltd.

Terminal X Online

Market Cap: ₪685.8m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

FRMO

Market Cap: US$393.6m

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

Maistra d.d

Market Cap: €591.0m

Engages in the hotel business in Croatia.

Capricorn Group

Market Cap: R11.0b

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

Payton Industries

Market Cap: ₪525.1m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Rimoni Industries

Market Cap: ₪462.2m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Reitar Logtech Holdings

Market Cap: US$322.8m

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Chilanga Cement

Market Cap: K6.1b

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

NSIA Banque Société Anonyme

Market Cap: XOF 244.9b

Provides various banking products and services.

NICO Holdings

Market Cap: MK 907.2b

Engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique.

Pure Cycle

Market Cap: US$246.0m

Provides wholesale water and wastewater services in the United States.

Gulf Island Fabrication

Market Cap: US$111.3m

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

Transcorp Power

Market Cap: ₦2.4t

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

Amir Marketing and Investments in Agriculture

Market Cap: ₪417.0m

Supplies and markets agricultural inputs in Israel.

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.

C. Mer Industries

Market Cap: ₪409.0m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Formula Systems (1985)

Market Cap: ₪6.6b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Nigerian Aviation Handling

Market Cap: ₦194.8b

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

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

Valhi

Market Cap: US$504.8m

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

Sociedad Matriz SAAM

Market Cap: CL$1.1t

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

Itafos

Market Cap: CA$572.0m

Operates as a phosphate and specialty fertilizer company.

Metalpha Technology Holding

Market Cap: US$127.2m

Provides wealth management services in Hong Kong.

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.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.4b

A publicly owned investment manager.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.