Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Wema Bank

Market Cap: ₦507.9b

Provides banking and other financial services to corporate and individual customers in Nigeria.

SBS Philippines

Market Cap: ₱6.0b

Engages in chemical trading and distribution in the Philippines.

Rich Sparkle Holdings

Market Cap: US$431.3m

Provides financial printing and corporate services in Hong Kong.

SalfaCorp

Market Cap: CL$444.9b

Engages in engineering, construction, and real estate businesses in Chile and internationally.

Transcorp Power

Market Cap: ₦2.1t

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

First Bancorp

Market Cap: US$290.1m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Zambia Sugar

Market Cap: K13.3b

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

Freetrailer Group

Market Cap: €688.3m

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م17.3b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Standard Bank

Market Cap: MK 1.0t

Provides banking and other related services in Malawi.

First National Bank of Botswana

Market Cap: P13.6b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Valhi

Market Cap: US$483.7m

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

First Northern Community Bancorp

Market Cap: US$181.6m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

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.

Chilanga Cement

Market Cap: K6.0b

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

PINAGO UTAMA

Market Cap: Rp1.9t

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

Zona Franca de Iquique

Market Cap: CL$215.8b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

NSIA Banque Société Anonyme

Market Cap: XOF 235.0b

Provides various banking products and services.

Senstar Technologies

Market Cap: US$102.4m

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

Pure Cycle

Market Cap: US$242.4m

Provides wholesale water and wastewater services in the United States.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 290.7b

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

Potasios de Chile

Market Cap: CL$488.6b

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

Ouro Fino Saúde Animal Participações

Market Cap: R$1.2b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.

Southern Michigan Bancorp

Market Cap: US$106.4m

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.

Capricorn Group

Market Cap: R11.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.