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.

Chilanga Cement

Market Cap: K5.6b

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

Liburnia Riviera Hoteli d.d

Market Cap: €97.4m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Practic

Market Cap: RON 567.2m

Engages in the lease and sublease of real estate properties in Romania.

Standard Chartered Bank Kenya

Market Cap: KSh113.4b

Provides various banking products and services for individuals and businesses.

Wison Engineering Services

Market Cap: HK$1.1b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Yibin City Commercial Bank

Market Cap: HK$12.0b

Provides banking and financial products and services to personal and business customers, and small and micro enterprises in the People’s Republic of China.

ManpowerGroup Greater China

Market Cap: HK$892.3m

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.

Time Interconnect Technology

Market Cap: HK$7.2b

An investment holding company, manufactures and sells cable assembly and networking cable products in the People's Republic of China, the United States, the Netherlands, Singapore, the United Kingdom, Hong Kong, Mexico, and internationally.

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.

Changjiu Holdings

Market Cap: HK$1.2b

Provides pledged vehicle monitoring and automobile dealership operation management services in China.

Holly Futures

Market Cap: HK$7.3b

Operates as a futures company in Mainland China and Hong Kong.

Natural Food International Holding

Market Cap: HK$1.3b

An investment holding company, engages in the processing and sale of natural health food products in China.

Britam Holdings

Market Cap: KSh17.2b

An investment holding company, provides financial solutions in Kenya, Uganda, South Sudan, Rwanda, Tanzania, Malawi, and Mozambique.

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.

Procimmo Group

Market Cap: CHF 220.7m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

NSIA Banque Société Anonyme

Market Cap: XOF 202.6b

Provides various banking products and services.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 233.7b

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

Shangri-La Hotel

Market Cap: ฿5.9b

Operates hotels in Bangkok and Chiang Mai provinces.

Bank of Africa Mali

Market Cap: XOF 73.7b

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

Ruentex Interior Design

Market Cap: NT$3.6b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

AB Traction

Market Cap: SEK 3.8b

A private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments.

Mirbud

Market Cap: zł1.4b

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

Linc

Market Cap: SEK 3.8b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

Dekpol

Market Cap: zł434.9m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

FineMark Holdings

Market Cap: US$315.7m

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

Wema Bank

Market Cap: ₦256.1b

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

Martifer SGPS

Market Cap: €175.5m

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

S.A.S. Dragon Holdings

Market Cap: HK$2.5b

An investment holding company, distributes electronic components and semiconductor products in Hong Kong, Mainland China, Taiwan, the United States of America, Vietnam, Singapore, Macao, and internationally.

AB Vilkyskiu pienine

Market Cap: €111.5m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

COSCO SHIPPING International (Hong Kong)

Market Cap: HK$6.4b

An investment holding company, provides shipping services in the People’s Republic of China and internationally.

La Forestière Equatoriale

Market Cap: €139.2m

Does not have any significant operations.

FRMO

Market Cap: US$357.0m

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

Alantra Partners

Market Cap: €298.2m

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

Nederman Holding

Market Cap: SEK 6.2b

Operates as an environmental technology company.