Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Billion Industrial Holdings

Market Cap: HK$9.1b

Develops, manufactures, and sells polyester filament yarns products, polyester products, polyester industrial yarns products, and ES fiber products in the People’s Republic of China and internationally.

Prima Andalan Mandiri

Market Cap: Rp17.8t

Through its subsidiaries, operates as a coal mining company in Indonesia.

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.

Ampire

Market Cap: NT$3.6b

Manufactures and sells liquid crystal display (LCD) modules for industrial applications in the Oceania, Taiwan, Asia, Africa, the Americas, and Europe.

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

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

SHL Consolidated Bhd

Market Cap: RM 523.0m

An investment holding company, engages in the development of integrated commercial and residential properties in Malaysia.

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.

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.

Anbio Biotechnology

Market Cap: US$281.3m

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

First National Bank of Botswana

Market Cap: P13.0b

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

SALUS Ljubljana d. d

Market Cap: €240.3m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €101.4m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

Pure Cycle

Market Cap: US$237.4m

Provides wholesale water and wastewater services in the United States.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 230.4b

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

NSIA Banque Société Anonyme

Market Cap: XOF 200.4b

Provides various banking products and services.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 65.7b

Processes heavy bitumen crude in Africa.

FRMO

Market Cap: US$357.0m

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

Hua Na Hydropower

Market Cap: ₫5.8t

Engages in the electricity generation activities.

Sugar Terminals

Market Cap: AU$363.6m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Zambia Sugar

Market Cap: K12.2b

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

ASA Gold and Precious Metals

Market Cap: US$566.5m

A publicly owned investment manager.

Watt's

Market Cap: CL$234.6b

Manufactures and sells food products in Chile.

Alantra Partners

Market Cap: €297.5m

Engages in the investment banking and asset management services in Spain and internationally.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €357.2m

Operates as a cooperative bank in France.

Martifer SGPS

Market Cap: €178.5m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.

Itafos

Market Cap: CA$398.4m

Operates as a phosphate and specialty fertilizer company.

Oakworth Capital

Market Cap: US$152.5m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Sociedad Matriz SAAM

Market Cap: CL$1.1t

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

Mirbud

Market Cap: zł1.4b

Operates as a general contractor in the construction industry in Poland.

Morris State Bancshares

Market Cap: US$212.0m

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

Teekay

Market Cap: US$537.2m

Provides crude oil marine transportation and other marine services worldwide.

Jadranski naftovod d.d

Market Cap: €775.9m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Bank of Africa Mali

Market Cap: XOF 71.4b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Intellego Technologies

Market Cap: SEK 1.7b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.