Global Undiscovered Gems With Strong Fundamentals

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Luxchem Corporation Berhad

Market Cap: RM 470.3m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

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

Gallant Precision Machining

Market Cap: NT$13.8b

Engages in the research and development, production, manufacture, and sale of flat panel display testing, semiconductor assembly, and intelligent automation equipment in Taiwan, China, and internationally.

Philippine Savings Bank

Market Cap: ₱24.8b

Primarily engages in savings and mortgage banking activities in the Philippines.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Asian Terminals

Market Cap: ₱46.8b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Shangri-La Hotel

Market Cap: ฿6.3b

Operates hotels in Bangkok and Chiang Mai provinces.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 259.5b

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

AB Traction

Market Cap: SEK 4.0b

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

Pure Cycle

Market Cap: US$258.3m

Provides wholesale water and wastewater services in the United States.

FRMO

Market Cap: US$369.4m

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

Linc

Market Cap: SEK 4.2b

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

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €406.6m

Operates as a cooperative bank in France.

Bank of Africa Mali

Market Cap: XOF 86.5b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 66.3b

Processes heavy bitumen crude in Africa.

SALUS Ljubljana d. d

Market Cap: €374.8m

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

Transnational Corporation of Nigeria

Market Cap: ₦462.4b

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

Alantra Partners

Market Cap: €306.6m

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

Jadranski naftovod d.d

Market Cap: €826.3m

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

First National Bank of Botswana

Market Cap: P13.3b

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

FineMark Holdings

Market Cap: US$334.1m

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

Reitar Logtech Holdings

Market Cap: US$287.2m

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

Potasios de Chile

Market Cap: CL$536.2b

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

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

Wema Bank

Market Cap: ₦299.0b

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

Empresas Lipigas

Market Cap: CL$537.5b

Engages in the distribution and sale of liquefied petroleum gas (LPG) and natural gas (NG) in Chile, Peru, and Colombia.

Eurofins-Cerep

Market Cap: €103.9m

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

NSIA Banque Société Anonyme

Market Cap: XOF 215.2b

Provides various banking products and services.

Nigerian Aviation Handling

Market Cap: ₦157.4b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Valhi

Market Cap: US$463.2m

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

Solesence

Market Cap: US$283.9m

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

Conoil

Market Cap: ₦186.2b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Zambia Sugar

Market Cap: K13.1b

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

Sugar Terminals

Market Cap: AU$349.2m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.