Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

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.

va-Q-tec

Market Cap: €398.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Transcorp Power

Market Cap: ₦2.2t

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

Preformed Line Products

Market Cap: US$758.0m

Designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries.

Itafos

Market Cap: CA$570.0m

Operates as a phosphate and specialty fertilizer company.

First Bancorp

Market Cap: US$280.8m

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

Chilanga Cement

Market Cap: K6.1b

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

FRMO

Market Cap: US$374.6m

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

Freetrailer Group

Market Cap: €697.8m

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

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

Reitar Logtech Holdings

Market Cap: US$249.2m

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

NSIA Banque Société Anonyme

Market Cap: XOF 239.4b

Provides various banking products and services.

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.

Sound Financial Bancorp

Market Cap: US$119.4m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 71.3b

Processes heavy bitumen crude in Africa.

Gulf Island Fabrication

Market Cap: US$110.6m

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

Central Cooperative Bank AD

Market Cap: лв216.1m

A commercial bank, provides various financial products and services.

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.

Rich Sparkle Holdings

Market Cap: US$371.1m

Provides financial printing and corporate services in Hong Kong.

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.

Eurofins-Cerep

Market Cap: €88.8m

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

Zona Franca de Iquique

Market Cap: CL$206.4b

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

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.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Lampsa Hellenic Hotels

Market Cap: €854.6m

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

Standard Bank

Market Cap: MK 871.1b

Provides banking and other related services in Malawi.

Solesence

Market Cap: US$207.9m

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

FineMark Holdings

Market Cap: US$493.7m

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

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Capricorn Group

Market Cap: R11.1b

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

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

Deutsche Balaton

Market Cap: €200.5m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Jadranski naftovod d.d

Market Cap: €836.4m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.