Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Standard Bank

Market Cap: MK 1.5t

Provides banking and other related services in Malawi.

Terminal X Online

Market Cap: ₪728.6m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Gulf Insurance Group - Jordan

Market Cap: د.أ88.4m

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

Transnational Corporation of Nigeria

Market Cap: ₦505.1b

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Empresas Lipigas

Market Cap: CL$681.4b

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

Lampsa Hellenic Hotels

Market Cap: €854.6m

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

Eurofins-Cerep

Market Cap: €91.8m

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

Rimoni Industries

Market Cap: ₪408.3m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Amir Marketing and Investments in Agriculture

Market Cap: ₪415.0m

Supplies and markets agricultural inputs in Israel.

Wema Bank

Market Cap: ₦467.2b

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

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.5b

A publicly owned investment manager.

Transcorp Power

Market Cap: ₦2.1t

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

Rotshtein Realestate

Market Cap: ₪1.4b

Develops and constructs residential projects in Israel.

C. Mer Industries

Market Cap: ₪405.6m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Sociedad de Inversiones Oro Blanco

Market Cap: CL$1.2t

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

Maistra d.d

Market Cap: €601.9m

Engages in the hotel business in Croatia.

Colorado

Market Cap: د.م1.6b

Manufactures and distributes various paints in Morocco and internationally.

La Forestière Equatoriale

Market Cap: €108.1m

Does not have any significant operations.

ANSA Merchant Bank

Market Cap: TT$3.2b

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

Senstar Technologies

Market Cap: US$103.4m

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

Payton Industries

Market Cap: ₪460.9m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

SalfaCorp

Market Cap: CL$502.9b

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

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.

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.

Zona Franca de Iquique

Market Cap: CL$227.4b

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

PINAGO UTAMA

Market Cap: Rp2.0t

Engages in the oil palm and rubber plantation business in Indonesia.

Nigerian Aviation Handling

Market Cap: ₦200.9b

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

Chilanga Cement

Market Cap: K6.0b

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

Sparta

Market Cap: €104.9m

A publicly owned investment manager.

Zambia Sugar

Market Cap: K16.5b

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

Freetrailer Group

Market Cap: €726.0m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Mendelson Infrastructures & Industries

Market Cap: ₪584.4m

Mendelson Infrastructures & Industries Ltd.

Y.D. More Investments

Market Cap: ₪2.9b

A privately owned Investment Manager.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 71.7b

Processes heavy bitumen crude in Africa.