Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Jordanian Duty Free Shops

Market Cap: د.أ147.6m

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

Zona Franca de Iquique

Market Cap: CL$232.0b

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

Soma Gold

Market Cap: CA$148.9m

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

First National Bank of Botswana

Market Cap: P13.9b

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

Maistra d.d

Market Cap: €601.9m

Engages in the hotel business in Croatia.

Lampsa Hellenic Hotels

Market Cap: €854.6m

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

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

GlaxoSmithKlineE

Market Cap: ج.م5.4b

Engages in production of pharmaceutical chemicals.

va-Q-tec

Market Cap: €383.3m

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

SalfaCorp

Market Cap: CL$519.7b

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

Rich Sparkle Holdings

Market Cap: US$493.8m

Provides financial printing and corporate services in Hong Kong.

Sparta

Market Cap: €106.1m

A publicly owned investment manager.

Deutsche Balaton

Market Cap: €225.5m

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

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.

Sopharma AD

Market Cap: лв1.4b

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

SUI Group Holdings

Market Cap: US$351.6m

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.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Greenfire Resources

Market Cap: US$342.1m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

Chilanga Cement

Market Cap: K6.0b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 307.2b

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

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.

ANSA Merchant Bank

Market Cap: TT$3.2b

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

ASA Gold and Precious Metals

Market Cap: US$782.4m

A publicly owned investment manager.

Senstar Technologies

Market Cap: US$103.6m

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

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

Market Cap: ج.م17.4b

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.

La Forestière Equatoriale

Market Cap: €102.5m

Does not have any significant operations.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 73.3b

Processes heavy bitumen crude in Africa.

Solesence

Market Cap: US$241.8m

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

Eurofins-Cerep

Market Cap: €91.8m

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

Valhi

Market Cap: US$454.8m

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

First Bancorp

Market Cap: US$301.2m

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

Sound Financial Bancorp

Market Cap: US$116.2m

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

FRMO

Market Cap: US$374.2m

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

Affinity Bancshares

Market Cap: US$123.3m

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