Global Undiscovered Gems With Strong Fundamentals

Ovostar Union

Market Cap: zł421.2m

Produces and distributes shell eggs and egg products under the YASENSVIT and OVOSTAR brands in Ukraine, the European Union, the Middle East, Asia, Africa, and the Commonwealth of Independent States.

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.

Parker Drilling

Market Cap: US$165.6m

Provides contract drilling and drilling-related services, and rental tools and services to the energy industry.

Liburnia Riviera Hoteli d.d

Market Cap: €96.8m

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

Shangri-La Hotel

Market Cap: ฿5.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.0b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

FRMO

Market Cap: US$386.1m

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

Omega Flex

Market Cap: US$403.8m

Manufactures and sells flexible metal hoses, fittings, and accessories in the United States, Canada, and internationally.

Pure Cycle

Market Cap: US$259.1m

Provides wholesale water and wastewater services in the United States.

Canal Shipping Agencies

Market Cap: ج.م6.8b

Provides various shipping services to the international commercial fleet in Egypt.

Morris State Bancshares

Market Cap: US$230.4m

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

Central Forest Group

Market Cap: JP¥21.9b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Oakworth Capital

Market Cap: US$162.7m

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

ASA Gold and Precious Metals

Market Cap: US$486.4m

A publicly owned investment manager.

Primadaya Plastisindo

Market Cap: Rp1.7t

Manufactures and sells plastic packaging products.

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

Market Cap: ج.م7.7b

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 68.6b

Processes heavy bitumen crude in Africa.

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.

La Forestière Equatoriale

Market Cap: €139.2m

Does not have any significant operations.

Marítima de Inversiones

Market Cap: CL$260.4b

Maritima de Inversiones SA is a publicly owned investment manager.

Transnational Corporation of Nigeria

Market Cap: ₦518.3b

Together with the subsidiaries, engages in the hospitality, power, agro-allied, and oil and gas businesses in Nigeria.

Zona Franca de Iquique

Market Cap: CL$203.6b

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

Teekay

Market Cap: US$521.2m

Engages in the crude oil and other marine transportation services worldwide.

Segar Kumala Indonesia

Market Cap: Rp1.8t

Trades in and distributes fruits, frozen chicken, and vegetables in Indonesia.

Transcorp Power

Market Cap: ₦2.7t

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

First National Bank of Botswana

Market Cap: P13.0b

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

Reitar Logtech Holdings

Market Cap: US$194.8m

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

HOMAG Group

Market Cap: €442.4m

Manufactures and sells machines and solutions for woodworking and timber construction industries worldwide.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 242.0b

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

SALUS Ljubljana d. d

Market Cap: €229.7m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Standard Bank

Market Cap: MK 1.9t

Provides banking and other related services in Malawi.

First IC

Market Cap: US$112.9m

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States.

Sun

Market Cap: MU₨7.1b

Operates in the tourism sector.

Procimmo Group

Market Cap: CHF 288.3m

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

Cashmere Valley Bank

Market Cap: US$234.7m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

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.