Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Valhi

Market Cap: US$438.6m

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

Pure Cycle

Market Cap: US$235.9m

Provides wholesale water and wastewater services in the United States.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.4b

A publicly owned investment manager.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Rimoni Industries

Market Cap: ₪430.4m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Chilanga Cement

Market Cap: K6.1b

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

Standard Bank

Market Cap: MK 871.1b

Provides banking and other related services in Malawi.

Rotshtein Realestate

Market Cap: ₪1.4b

Develops and constructs residential projects in Israel.

Transcorp Power

Market Cap: ₦2.2t

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

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.

Amir Marketing and Investments in Agriculture

Market Cap: ₪395.5m

Supplies and markets agricultural inputs in Israel.

Eurofins-Cerep

Market Cap: €88.8m

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

Lampsa Hellenic Hotels

Market Cap: €854.6m

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

C. Mer Industries

Market Cap: ₪420.0m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Maistra d.d

Market Cap: €580.0m

Engages in the hotel business in Croatia.

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

Market Cap: ج.م12.9b

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.

Zona Franca de Iquique

Market Cap: CL$211.5b

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

Potasios de Chile

Market Cap: CL$488.3b

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

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.

Formula Systems (1985)

Market Cap: ₪5.8b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Aura Investments

Market Cap: ₪6.0b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Payton Industries

Market Cap: ₪471.9m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

ASA Gold and Precious Metals

Market Cap: US$635.4m

A publicly owned investment manager.

Morris State Bancshares

Market Cap: US$260.9m

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

Freetrailer Group

Market Cap: €695.9m

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

First Bancorp

Market Cap: US$281.9m

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

FRMO

Market Cap: US$377.9m

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

Capricorn Group

Market Cap: R11.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Zambia Sugar

Market Cap: K13.3b

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

Mendelson Infrastructures & Industries

Market Cap: ₪604.2m

Mendelson Infrastructures & Industries Ltd.

Terminal X Online

Market Cap: ₪674.4m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

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.

Itafos

Market Cap: CA$573.9m

Operates as a phosphate and specialty fertilizer company.

PINAGO UTAMA

Market Cap: Rp2.1t

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