Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

TSTE

Market Cap: ฿4.2b

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

Padma Oil

Market Cap: ৳19.1b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Linde Bangladesh

Market Cap: ৳14.2b

Manufactures and supplies industrial and medical gases, anesthesia, and ancillary equipment in Bangladesh.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Voltamp Energy SAOG

Market Cap: ر.ع77.2m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Bank Ganesha

Market Cap: Rp2.5t

Provides various general banking products and services for individuals and businesses in Indonesia.

Citra Tubindo

Market Cap: Rp4.1t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Danang Port

Market Cap: ₫3.1t

Offers port services in Vietnam.

Bank MNC Internasional

Market Cap: Rp2.6t

Provides various banking products and services in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.7t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Cisadane Sawit Raya

Market Cap: Rp1.7t

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

Jordanian Duty Free Shops

Market Cap: د.أ146.5m

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

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services in Indonesia.

Cita Mineral Investindo

Market Cap: Rp16.3t

Engages in bauxite mining activities in Indonesia.

Ha Giang Mineral Mechanics

Market Cap: ₫3.8t

Explores, extracts, and process mineral ores in Vietnam and internationally.

Tohoku Steel

Market Cap: JP¥14.8b

Engages in the manufacturing, processing, and distribution of various types of special steel products in Japan.

FineMark Holdings

Market Cap: US$500.6m

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

Rich Sparkle Holdings

Market Cap: US$537.5m

Provides financial printing and corporate services in Hong Kong.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.2b

Engages in the production and sale of food products in Turkey.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Flügger group

Market Cap: DKK 954.8m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

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

Market Cap: ج.م18.5b

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 307.6b

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

FRMO

Market Cap: US$396.2m

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

Sound Financial Bancorp

Market Cap: US$120.4m

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

SBS Philippines

Market Cap: ₱6.0b

Engages in chemical trading and distribution in the Philippines.

Pure Cycle

Market Cap: US$261.9m

Provides wholesale water and wastewater services in the United States.

Alantra Partners

Market Cap: €302.3m

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

Oakworth Capital

Market Cap: US$161.4m

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

Transcorp Power

Market Cap: ₦2.4t

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

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.

Standard Chartered Bank Kenya

Market Cap: KSh117.2b

Provides various banking products and services for individuals and businesses.

Wema Bank

Market Cap: ₦467.2b

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

NSIA Banque Société Anonyme

Market Cap: XOF 252.3b

Provides various banking products and services.