Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

MOBI Industry

Market Cap: ر.س575.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Vinacomin - Power Holding

Market Cap: ₫8.2t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ683.1m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Qassim Cement

Market Cap: ر.س4.5b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Baazeem Trading

Market Cap: ر.س555.9m

Operates as a FMCG distribution company.

National Credit and Commerce Bank

Market Cap: ৳13.3b

Provides various commercial banking products and services in Bangladesh.

Najran Cement

Market Cap: ر.س1.3b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Kuwait Insurance CompanyK.P

Market Cap: د.ك95.9m

Provides various insurance products and services in Kuwait.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك45.8m

A private equity firm specializing in direct and fund investments.

Sure Global Tech

Market Cap: ر.س499.4m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.6b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك392.0m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Hospital Corporation of China

Market Cap: HK$926.8m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Li Ming Development Construction

Market Cap: NT$4.3b

Li Ming Development Construction Co., Ltd.

Voltamp Energy SAOG

Market Cap: ر.ع77.2m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك44.7m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك197.1m

Engages in insurance and reinsurance operations in Kuwait.

Ruentex Interior Design

Market Cap: NT$3.5b

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

First Investment Bank AD

Market Cap: лв790.1m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Sociedad Matriz SAAM

Market Cap: CL$1.2t

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

Y.D. More Investments

Market Cap: ₪3.0b

A privately owned Investment Manager.

Mendelson Infrastructures & Industries

Market Cap: ₪565.8m

Mendelson Infrastructures & Industries Ltd.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Central Cooperative Bank AD

Market Cap: лв218.7m

A commercial bank, provides various financial products and services.

Transnational Corporation of Nigeria

Market Cap: ₦468.5b

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

FRMO

Market Cap: US$396.2m

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

Metalpha Technology Holding

Market Cap: US$126.3m

Provides wealth management services in Hong Kong.

Sopharma AD

Market Cap: лв1.4b

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

Capricorn Group

Market Cap: R11.2b

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

ASA Gold and Precious Metals

Market Cap: US$760.0m

A publicly owned investment manager.

La Forestière Equatoriale

Market Cap: €102.5m

Does not have any significant operations.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 78.7b

Processes heavy bitumen crude in Africa.