Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺20.5b

Provides software development services to public and private organizations in Turkey.

Valhi

Market Cap: US$457.9m

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

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €517.1m

Operates as a cooperative bank in France.

Evergent Investments

Market Cap: RON 1.7b

A publicly owned investment manager.

ASA Gold and Precious Metals

Market Cap: US$783.2m

A publicly owned investment manager.

ANSA Merchant Bank

Market Cap: TT$3.2b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.5b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺33.3b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Standard Bank

Market Cap: MK 1.5t

Provides banking and other related services in Malawi.

Alumil Aluminium Industry

Market Cap: €166.0m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Dekpol

Market Cap: zł585.4m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Senstar Technologies

Market Cap: US$105.5m

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

FineMark Holdings

Market Cap: US$491.4m

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €93.9m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

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.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.4b

Operates as an asset management company.

Purple Group

Market Cap: R2.4b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

SalfaCorp

Market Cap: CL$522.4b

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

Inmocemento

Market Cap: €1.5b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

A3 Mercados

Market Cap: AR$571.1b

Engages in futures and options trading in Argentina and internationally.

Pure Cycle

Market Cap: US$265.3m

Provides wholesale water and wastewater services in the United States.

Alantra Partners

Market Cap: €302.3m

Engages in the investment banking and asset management services in Spain and internationally.

DINE. de

Market Cap: Mex$14.3b

Develops real estate projects in Mexico.

Lampsa Hellenic Hotels

Market Cap: €854.6m

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

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.

Gulf Island Fabrication

Market Cap: US$122.3m

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

Empresas Lipigas

Market Cap: CL$724.9b

Engages in the distribution and sale of liquefied petroleum gas (LPG) and natural gas (NG) in Chile, Peru, and Colombia.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 305.0b

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

Ruentex Interior Design

Market Cap: NT$3.5b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Telematic Interactive Bulgaria EAD

Market Cap: лв286.5m

Offers online betting and gambling services.

Yibin City Commercial Bank

Market Cap: HK$11.9b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

FRMO

Market Cap: US$396.6m

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

Eurofins-Cerep

Market Cap: €91.8m

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

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺8.1b

Marmaris Altinyunus Turistik Tesisler A.S.