Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

Oakworth Capital

Market Cap: US$154.7m

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

China SXT Pharmaceuticals

Market Cap: US$218.1m

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

Amir Marketing and Investments in Agriculture

Market Cap: ₪445.9m

Supplies and markets agricultural inputs in Israel.

Payton Industries

Market Cap: ₪545.0m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

C. Mer Industries

Market Cap: ₪418.7m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.7b

Processes heavy bitumen crude in Africa.

Zona Franca de Iquique

Market Cap: CL$224.7b

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

FineMark Holdings

Market Cap: US$519.5m

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

La Forestière Equatoriale

Market Cap: €119.4m

Does not have any significant operations.

Senstar Technologies

Market Cap: US$117.6m

Provides physical, video, and access control security products and solutions worldwide.

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.

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.

Rotshtein Realestate

Market Cap: ₪1.6b

Develops and constructs residential projects in Israel.

Nigerian Aviation Handling

Market Cap: ₦190.8b

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

Gulf Island Fabrication

Market Cap: US$110.3m

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

NSIA Banque Société Anonyme

Market Cap: XOF 252.3b

Provides various banking products and services.

Y.D. More Investments

Market Cap: ₪2.1b

A privately owned Investment Manager.

Sparta

Market Cap: €91.6m

A publicly owned investment manager.

Transnational Corporation of Nigeria

Market Cap: ₦502.0b

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

Chilanga Cement

Market Cap: K6.1b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 284.6b

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

Zambia Sugar

Market Cap: K13.2b

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

Metalpha Technology Holding

Market Cap: US$134.8m

Provides wealth management services in Hong Kong.

West Bancorporation

Market Cap: US$356.9m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Rimoni Industries

Market Cap: ₪462.2m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Terminal X Online

Market Cap: ₪674.0m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Malam - Team

Market Cap: ₪2.3b

Provides information technology services in Israel.

Mendelson Infrastructures & Industries

Market Cap: ₪719.9m

Mendelson Infrastructures & Industries Ltd.

Vantage

Market Cap: US$130.1m

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

Reitar Logtech Holdings

Market Cap: US$331.0m

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

FRMO

Market Cap: US$373.8m

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

Solesence

Market Cap: US$276.9m

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