Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Gulf Insurance Group - Jordan

Market Cap: د.أ91.0m

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

Hui Lyu Ecological Technology GroupsLtd

Market Cap: CN¥10.2b

Hui Lyu Ecological Technology Groups Co.,Ltd.

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

Jadranski naftovod d.d

Market Cap: €811.2m

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

FRMO

Market Cap: US$396.6m

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

NSIA Banque Société Anonyme

Market Cap: XOF 244.9b

Provides various banking products and services.

NICO Holdings

Market Cap: MK 1.0t

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.

Rich Sparkle Holdings

Market Cap: US$137.3m

Provides financial printing and corporate services in Hong Kong.

FineMark Holdings

Market Cap: US$526.3m

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

Solesence

Market Cap: US$294.4m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 71.3b

Processes heavy bitumen crude in Africa.

Itafos

Market Cap: CA$568.1m

Operates as a phosphate and specialty fertilizer company.

Valhi

Market Cap: US$498.0m

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Deutsche Balaton

Market Cap: €195.3m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Oakworth Capital

Market Cap: US$159.8m

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$101.0m

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

Metalpha Technology Holding

Market Cap: US$138.2m

Provides wealth management services in Hong Kong.

Transcorp Power

Market Cap: ₦2.4t

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

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.

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.

Central Cooperative Bank AD

Market Cap: лв221.2m

A commercial bank, provides various financial products and services.

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Zambia Sugar

Market Cap: K13.2b

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

Grendene

Market Cap: R$4.6b

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

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Potasios de Chile

Market Cap: CL$536.2b

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Acsion

Market Cap: R3.4b

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

Reitar Logtech Holdings

Market Cap: US$249.8m

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

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Chilanga Cement

Market Cap: K6.1b

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

Gulf Island Fabrication

Market Cap: US$115.5m

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