Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Vikram Solar

Market Cap: ₹128.9b

Manufactures and sells solar photovoltaic modules/systems.

Monolithisch India

Market Cap: ₹8.9b

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

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.

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.

Innovana Thinklabs

Market Cap: ₹9.9b

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

PC Jeweller

Market Cap: ₹90.4b

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

Oswal Greentech

Market Cap: ₹10.6b

Develops real estate projects 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.

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.

Saint-Gobain Sekurit India

Market Cap: ₹10.6b

Manufactures and sells laminated and tempered automotive glass in India.

Li Ming Development Construction

Market Cap: NT$4.3b

Li Ming Development Construction Co., Ltd.

Aeroflex Industries

Market Cap: ₹22.8b

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

Metalpha Technology Holding

Market Cap: US$112.6m

Provides wealth management services in Hong Kong.

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.

Rich Sparkle Holdings

Market Cap: US$521.3m

Provides financial printing and corporate services in Hong Kong.

Potasios de Chile

Market Cap: CL$488.6b

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

Pure Cycle

Market Cap: US$246.0m

Provides wholesale water and wastewater services in the United States.

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.

La Forestière Equatoriale

Market Cap: €108.1m

Does not have any significant operations.

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.8b

Processes heavy bitumen crude in Africa.

Soma Gold

Market Cap: CA$146.2m

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

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.

SalfaCorp

Market Cap: CL$472.9b

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

Deutsche Balaton

Market Cap: €206.7m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

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.

Itafos

Market Cap: CA$577.8m

Operates as a phosphate and specialty fertilizer company.

DINE. de

Market Cap: Mex$13.8b

Develops real estate projects in Mexico.

FRMO

Market Cap: US$383.4m

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

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.

Sociedad Matriz SAAM

Market Cap: CL$1.2t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Senstar Technologies

Market Cap: US$108.3m

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