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.

Jordanian Duty Free Shops

Market Cap: د.أ155.3m

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

TSTE

Market Cap: ฿5.5b

Primarily engages in the production and distribution of wheat flour in Thailand.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

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.

Chilanga Cement

Market Cap: K6.1b

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

Transcorp Power

Market Cap: ₦2.4t

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

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

Gulf Island Fabrication

Market Cap: US$116.0m

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

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.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.4b

A publicly owned investment manager.

Valhi

Market Cap: US$501.4m

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

Standard Bank

Market Cap: MK 563.9b

Provides banking and other related services in Malawi.

Rimoni Industries

Market Cap: ₪473.9m

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.

Itafos

Market Cap: CA$583.6m

Operates as a phosphate and specialty fertilizer company.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.9b

Processes heavy bitumen crude in Africa.

Rotshtein Realestate

Market Cap: ₪1.4b

Develops and constructs residential projects in Israel.

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.

Metalpha Technology Holding

Market Cap: US$138.2m

Provides wealth management services in Hong Kong.

China SXT Pharmaceuticals

Market Cap: US$196.1m

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

Central Cooperative Bank AD

Market Cap: лв221.2m

A commercial bank, provides various financial products and services.

Vantage

Market Cap: US$137.7m

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

C. Mer Industries

Market Cap: ₪406.9m

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

Amir Marketing and Investments in Agriculture

Market Cap: ₪425.4m

Supplies and markets agricultural inputs in Israel.

NSIA Banque Société Anonyme

Market Cap: XOF 235.1b

Provides various banking products and services.

NICO Holdings

Market Cap: MK 1.0t

Engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique.

Y.D. More Investments

Market Cap: ₪2.7b

A privately owned Investment Manager.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 318.0b

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

Southern Michigan Bancorp

Market Cap: US$108.8m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Formula Systems (1985)

Market Cap: ₪6.4b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

FineMark Holdings

Market Cap: US$511.2m

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

Solesence

Market Cap: US$311.3m

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

Nigerian Aviation Handling

Market Cap: ₦228.0b

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

Senstar Technologies

Market Cap: US$104.3m

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