Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

FineMark Holdings

Market Cap: US$506.6m

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

Vantage

Market Cap: US$121.9m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 276.9b

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

Zona Franca de Iquique

Market Cap: CL$231.4b

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

La Forestière Equatoriale

Market Cap: €119.4m

Does not have any significant operations.

Cyprus Cement

Market Cap: €137.2m

Engages in the manufacturing and sale of cement and related business in Cyprus.

Reitar Logtech Holdings

Market Cap: US$279.1m

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

Transcorp Power

Market Cap: ₦2.4t

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.9b

Processes heavy bitumen crude in Africa.

Solesence

Market Cap: US$305.7m

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

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

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.

NSIA Banque Société Anonyme

Market Cap: XOF 252.5b

Provides various banking products and services.

Gulf Island Fabrication

Market Cap: US$107.9m

Operates as a fabricator of steel structures and modules in the United States.

FRMO

Market Cap: US$372.0m

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

Senstar Technologies

Market Cap: US$110.3m

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

China SXT Pharmaceuticals

Market Cap: US$200.7m

A pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine pieces (TCMP) in China.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Lampsa Hellenic Hotels

Market Cap: €854.6m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Metalpha Technology Holding

Market Cap: US$121.5m

Provides wealth management services in Hong Kong.

Pure Cycle

Market Cap: US$258.1m

Provides wholesale water and wastewater services in the United States.

Valhi

Market Cap: US$457.2m

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

Sparta

Market Cap: €91.6m

A publicly owned investment manager.

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.

Itafos

Market Cap: CA$539.1m

Operates as a phosphate and specialty fertilizer company.

Morris State Bancshares

Market Cap: US$234.2m

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

Oakworth Capital

Market Cap: US$156.3m

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

West Bancorporation

Market Cap: US$332.2m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Grendene

Market Cap: R$4.9b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Shangri-La Hotel

Market Cap: ฿5.8b

Operates hotels in Bangkok and Chiang Mai provinces.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Potasios de Chile

Market Cap: CL$536.2b

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

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.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.