Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

TSTE

Market Cap: ฿4.4b

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

First National Bank of Botswana

Market Cap: P13.5b

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

Inversiones Doalca SOCIMI

Market Cap: €153.0m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

FineMark Holdings

Market Cap: US$490.7m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

First Northern Community Bancorp

Market Cap: US$175.9m

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.

ASA Gold and Precious Metals

Market Cap: US$608.8m

A publicly owned investment manager.

Solesence

Market Cap: US$179.0m

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

Rich Sparkle Holdings

Market Cap: US$387.5m

Provides financial printing and corporate services in Hong Kong.

Itafos

Market Cap: CA$570.0m

Operates as a phosphate and specialty fertilizer company.

Zona Franca de Iquique

Market Cap: CL$204.5b

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

Chilanga Cement

Market Cap: K6.1b

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

PINAGO UTAMA

Market Cap: Rp2.0t

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 304.5b

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

Valhi

Market Cap: US$442.5m

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

Deutsche Balaton

Market Cap: €217.2m

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

Zambia Sugar

Market Cap: K13.3b

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

Pure Cycle

Market Cap: US$236.2m

Provides wholesale water and wastewater services in the United States.

Affinity Bancshares

Market Cap: US$120.7m

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

Transcorp Power

Market Cap: ₦2.2t

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

Preformed Line Products

Market Cap: US$757.9m

Designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries.

Senstar Technologies

Market Cap: US$103.6m

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

Nigerian Aviation Handling

Market Cap: ₦216.3b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.9b

Processes heavy bitumen crude in Africa.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

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.

Metalpha Technology Holding

Market Cap: US$109.4m

Provides wealth management services in Hong Kong.

Freetrailer Group

Market Cap: €705.3m

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

Maistra d.d

Market Cap: €580.0m

Engages in the hotel business in Croatia.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.9b

Operates as an asset management company.

Standard Bank

Market Cap: MK 871.1b

Provides banking and other related services in Malawi.

Eurofins-Cerep

Market Cap: €88.8m

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

Reitar Logtech Holdings

Market Cap: US$244.2m

Through its subsidiaries, provides construction management and engineering design services.