Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Misr Beni Suef CementE

Market Cap: ج.م7.5b

Produces and sells cement products in Egypt and internationally.

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

AB Vilkyskiu pienine

Market Cap: €135.0m

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

Oakworth Capital

Market Cap: US$152.7m

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

Practic

Market Cap: RON 570.2m

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

National General Insurance (P.J.S.C.)

Market Cap: د.إ989.7m

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

La Forestière Equatoriale

Market Cap: €120.1m

Does not have any significant operations.

Itafos

Market Cap: CA$498.5m

Operates as a phosphate and specialty fertilizer company.

NSIA Banque Société Anonyme

Market Cap: XOF 235.0b

Provides various banking products and services.

FineMark Holdings

Market Cap: US$494.1m

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

Eurofins-Cerep

Market Cap: €103.9m

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

Valhi

Market Cap: US$442.0m

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

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.

China SXT Pharmaceuticals

Market Cap: US$213.5m

A pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine pieces (TCMP) in China.

Castellana Properties Socimi

Market Cap: €887.0m

As of December 20, 2016, Castellana Properties Socimi, S.A.

Bank of Africa Mali

Market Cap: XOF 84.3b

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

Central Cooperative Bank AD

Market Cap: лв206.0m

A commercial bank, provides various financial products and services.

Gulf Island Fabrication

Market Cap: US$112.1m

Operates as a fabricator of steel structures and modules 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.

Reitar Logtech Holdings

Market Cap: US$327.2m

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

Sugar Terminals

Market Cap: AU$352.8m

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

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.

Lithium Chile

Market Cap: CA$144.6m

Engages in the acquisition and development of lithium properties in Chile and Argentina.

Vantage

Market Cap: US$122.2m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Pure Cycle

Market Cap: US$242.2m

Provides wholesale water and wastewater services in the United States.

Solesence

Market Cap: US$365.2m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Jadranski naftovod d.d

Market Cap: €775.9m

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

Morris State Bancshares

Market Cap: US$223.2m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.8b

Processes heavy bitumen crude in Africa.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 302.5b

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

Sociedad Matriz SAAM

Market Cap: CL$1.2t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Zona Franca de Iquique

Market Cap: CL$231.1b

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

Potasios de Chile

Market Cap: CL$536.2b

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

Grendene

Market Cap: R$4.9b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.