Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

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.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in tourism business.

Jordanian Duty Free Shops

Market Cap: د.أ148.1m

Invests in, operates, and manages duty-free shops.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Mulpha International Bhd

Market Cap: RM 924.7m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Citra Tubindo

Market Cap: Rp4.1t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.8m

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

First National Bank of Botswana

Market Cap: P13.6b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Zona Franca de Iquique

Market Cap: CL$229.5b

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

SBS Philippines

Market Cap: ₱6.0b

Engages in chemical trading and distribution in the Philippines.

Soma Gold

Market Cap: CA$163.0m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Deutsche Balaton

Market Cap: €221.4m

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

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł846.3m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Eurofins-Cerep

Market Cap: €91.8m

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

Dekpol

Market Cap: zł593.7m

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

Solesence

Market Cap: US$229.8m

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

GlaxoSmithKlineE

Market Cap: ج.م5.7b

Engages in production of pharmaceutical chemicals.

FRMO

Market Cap: US$400.6m

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

Rich Sparkle Holdings

Market Cap: US$507.8m

Provides financial printing and corporate services in Hong Kong.

Sociedad de Inversiones Oro Blanco

Market Cap: CL$1.3t

Through its subsidiaries, invests in various types of goods and securities in Chile.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €508.1m

Operates as a cooperative bank in France.

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.

va-Q-tec

Market Cap: €386.3m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Sound Financial Bancorp

Market Cap: US$120.6m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

ANSA Merchant Bank

Market Cap: TT$3.2b

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

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.8b

Processes heavy bitumen crude in Africa.

ASA Gold and Precious Metals

Market Cap: US$746.4m

A publicly owned investment manager.

La Forestière Equatoriale

Market Cap: €108.1m

Does not have any significant operations.

SUI Group Holdings

Market Cap: US$511.5m

A principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth.

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.

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.