Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Practic

Market Cap: RON 736.5m

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

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Zona Franca de Iquique

Market Cap: CL$220.6b

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

Pure Cycle

Market Cap: US$241.9m

Provides wholesale water and wastewater services in the United States.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺6.1b

Operates as a guardrail supplier company in Turkey.

China SXT Pharmaceuticals

Market Cap: US$203.0m

A pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine pieces (TCMP) in China.

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺15.5b

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

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺27.2b

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

FineMark Holdings

Market Cap: US$533.4m

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

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.2b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

Solesence

Market Cap: US$237.7m

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

Vantage

Market Cap: US$142.5m

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

Capricorn Group

Market Cap: R11.0b

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

Morris State Bancshares

Market Cap: US$234.2m

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

Wema Bank

Market Cap: ₦347.2b

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

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.3b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

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.

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

Nigerian Aviation Handling

Market Cap: ₦189.3b

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

Reitar Logtech Holdings

Market Cap: US$283.5m

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

Transnational Corporation of Nigeria

Market Cap: ₦538.6b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

FRMO

Market Cap: US$402.8m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 69.0b

Processes heavy bitumen crude in Africa.

Senstar Technologies

Market Cap: US$109.2m

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

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺8.6b

A real estate investment trust.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.4b

Engages in the production and sale of food products in Turkey.

La Forestière Equatoriale

Market Cap: €118.7m

Does not have any significant operations.

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.

West Bancorporation

Market Cap: US$342.2m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Metalpha Technology Holding

Market Cap: US$135.2m

Provides wealth management services in Hong Kong.

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺9.5b

Produces and trades in frozen and canned products in Turkey.