Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

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.

SBS Philippines

Market Cap: ₱6.0b

Engages in chemical trading and distribution in the Philippines.

FRMO

Market Cap: US$396.6m

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Inmocemento

Market Cap: €1.6b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺5.2b

Operates as an asset management company.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €464.1m

Operates as a cooperative bank in France.

Solesence

Market Cap: US$274.9m

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

FineMark Holdings

Market Cap: US$503.6m

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

Alantra Partners

Market Cap: €304.6m

Engages in the investment banking and asset management services in Spain and internationally.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.9b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

Purple Group

Market Cap: R2.6b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

Mill City Ventures III

Market Cap: US$599.4m

A principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth.

PINAGO UTAMA

Market Cap: Rp1.9t

Engages in the oil palm and rubber plantation business in Indonesia.

Valhi

Market Cap: US$476.6m

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

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.2b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Pure Cycle

Market Cap: US$243.9m

Provides wholesale water and wastewater services in the United States.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺8.5b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

Freetrailer Group

Market Cap: €692.1m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺31.7b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Transnational Corporation of Nigeria

Market Cap: ₦509.1b

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

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺9.8b

Operates as a guardrail supplier company in Turkey.

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.9b

Produces and trades in frozen and canned products in Turkey.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺19.2b

Provides software development services to public and private organizations in Turkey.

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.

Reitar Logtech Holdings

Market Cap: US$267.9m

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

Maistra d.d

Market Cap: €563.6m

Engages in the hotel business in Croatia.

Alumil Aluminium Industry

Market Cap: €158.8m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł846.3m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Eurofins-Cerep

Market Cap: €88.8m

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

Standard Bank

Market Cap: MK 1.0t

Provides banking and other related services in Malawi.

Zona Franca de Iquique

Market Cap: CL$217.9b

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

Decora

Market Cap: zł780.5m

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

First Copper Technology

Market Cap: NT$12.8b

Produces and sells copper and copper alloy strips in Taiwan and internationally.