Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Capricorn Group

Market Cap: R11.2b

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

NSIA Banque Société Anonyme

Market Cap: XOF 252.3b

Provides various banking products and services.

Sopharma AD

Market Cap: лв1.4b

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

La Forestière Equatoriale

Market Cap: €105.3m

Does not have any significant operations.

ANSA Merchant Bank

Market Cap: TT$3.2b

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

Compañía Electro Metalúrgica

Market Cap: CL$350.4b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 78.0b

Processes heavy bitumen crude in Africa.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.8m

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

Eurofins-Cerep

Market Cap: €91.8m

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

SBS Philippines

Market Cap: ₱6.0b

Engages in chemical trading and distribution in the Philippines.

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.

GlaxoSmithKlineE

Market Cap: ج.م5.5b

Engages in production of pharmaceutical chemicals.

Transcorp Power

Market Cap: ₦2.4t

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

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

DINE. de

Market Cap: Mex$13.8b

Develops real estate projects in Mexico.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in tourism business.

Freetrailer Group

Market Cap: €707.2m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Zambia Sugar

Market Cap: K16.5b

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

PINAGO UTAMA

Market Cap: Rp1.8t

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

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

Market Cap: ج.م18.5b

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.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 307.6b

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

Chilanga Cement

Market Cap: K6.0b

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

Wema Bank

Market Cap: ₦469.3b

Provides banking and other financial services to corporate and individual customers in Nigeria.

Southern Michigan Bancorp

Market Cap: US$115.6m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Grendene

Market Cap: R$4.8b

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

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.

Standard Bank

Market Cap: MK 1.5t

Provides banking and other related services in Malawi.

Sparta

Market Cap: €100.5m

A publicly owned investment manager.

Senstar Technologies

Market Cap: US$103.1m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Sugar Terminals

Market Cap: AU$372.6m

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

La Positiva Seguros y Reaseguros

Market Cap: S/417.4m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.