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.

Wema Bank

Market Cap: ₦507.9b

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م17.3b

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.

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.

Standard Bank

Market Cap: MK 1.0t

Provides banking and other related services in Malawi.

Freetrailer Group

Market Cap: €688.3m

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

Valhi

Market Cap: US$483.7m

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

Zambia Sugar

Market Cap: K13.3b

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

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.

Affinity Bancshares

Market Cap: US$119.7m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Eurofins-Cerep

Market Cap: €92.8m

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

First Northern Community Bancorp

Market Cap: US$181.6m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

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.

SBS Philippines

Market Cap: ₱6.0b

Engages in chemical trading and distribution in the Philippines.

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

Rich Sparkle Holdings

Market Cap: US$431.3m

Provides financial printing and corporate services in Hong Kong.

SalfaCorp

Market Cap: CL$444.9b

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

Transcorp Power

Market Cap: ₦2.1t

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

First Bancorp

Market Cap: US$290.1m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Capricorn Group

Market Cap: R11.2b

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

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

Chilanga Cement

Market Cap: K6.0b

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

PINAGO UTAMA

Market Cap: Rp1.9t

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

Southern Michigan Bancorp

Market Cap: US$106.4m

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.

Zona Franca de Iquique

Market Cap: CL$215.8b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

NSIA Banque Société Anonyme

Market Cap: XOF 235.0b

Provides various banking products and services.

Pure Cycle

Market Cap: US$242.4m

Provides wholesale water and wastewater services in the United States.

Senstar Technologies

Market Cap: US$102.4m

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

Potasios de Chile

Market Cap: CL$488.6b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 290.7b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Ouro Fino Saúde Animal Participações

Market Cap: R$1.2b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.