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.

Top Union Electronics

Market Cap: NT$4.6b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

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.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €92.8m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł856.8m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Decora

Market Cap: zł833.2m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

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.

Cahaya Aero Services

Market Cap: Rp4.4t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Uniplus Electronics

Market Cap: NT$4.7b

Engages in the research and development, manufacture, processing, and trading of printed circuit boards in Taiwan.

Mendelson Infrastructures & Industries

Market Cap: ₪635.9m

Mendelson Infrastructures & Industries Ltd.

Citra Tubindo

Market Cap: Rp7.1t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

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.

Viohalco

Market Cap: €1.4b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

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.

Dekpol

Market Cap: zł496.7m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

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.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €396.2m

Operates as a cooperative bank in France.

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.

Martifer SGPS

Market Cap: €215.1m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.

FRMO

Market Cap: US$369.4m

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

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.

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.