Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Concord Enviro Systems

Market Cap: ₹11.4b

Engages in the design, manufacture, installation, operation, and maintenance of industrial water and wastewater treatment, and reuse and zero liquid discharge systems and plants.

PC Jeweller

Market Cap: ₹90.4b

Manufactures, sells, and trades in gold, diamond, silver, precious stone, and gold and diamond studded jewelry in India.

Innovana Thinklabs

Market Cap: ₹9.9b

Engages in the software and application development business in India, the United States, and internationally.

3B Blackbio Dx

Market Cap: ₹12.3b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

Monolithisch India

Market Cap: ₹8.9b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Vikram Solar

Market Cap: ₹128.9b

Manufactures and sells solar photovoltaic modules/systems.

Balaji Telefilms

Market Cap: ₹11.1b

Engages in the entertainment business in India and internationally.

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

Market Cap: د.إ1.1b

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

Rrp Semiconductor

Market Cap: ₹63.1b

Trades in electronic parts in India.

Transnational Corporation of Nigeria

Market Cap: ₦489.8b

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

Saint-Gobain Sekurit India

Market Cap: ₹10.6b

Manufactures and sells laminated and tempered automotive glass in India.

Aeroflex Industries

Market Cap: ₹22.8b

Manufactures and sells stainless steel flexible hose and assemblies in India.

Li Ming Development Construction

Market Cap: NT$4.3b

Li Ming Development Construction Co., Ltd.

Oswal Greentech

Market Cap: ₹10.6b

Develops real estate projects in India.

DINE. de

Market Cap: Mex$13.8b

Develops real estate projects in Mexico.

Transcorp Power

Market Cap: ₦2.1t

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

Pure Cycle

Market Cap: US$246.0m

Provides wholesale water and wastewater services in the United States.

Potasios de Chile

Market Cap: CL$488.6b

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

FRMO

Market Cap: US$383.4m

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

Greenfire Resources

Market Cap: US$333.7m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

Rich Sparkle Holdings

Market Cap: US$521.3m

Provides financial printing and corporate services in Hong Kong.

va-Q-tec

Market Cap: €395.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 304.5b

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

Oakworth Capital

Market Cap: US$160.0m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.8b

Processes heavy bitumen crude in Africa.

Sound Financial Bancorp

Market Cap: US$123.7m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Soma Gold

Market Cap: CA$146.2m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

La Forestière Equatoriale

Market Cap: €108.1m

Does not have any significant operations.

Senstar Technologies

Market Cap: US$108.3m

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Affinity Bancshares

Market Cap: US$119.2m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Zambia Sugar

Market Cap: K14.2b

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

Valhi

Market Cap: US$479.2m

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

Morris State Bancshares

Market Cap: US$248.6m

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

Eurofins-Cerep

Market Cap: €92.8m

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