Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

FRMO

Market Cap: US$396.6m

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

FineMark Holdings

Market Cap: US$491.4m

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

Soma Gold

Market Cap: CA$146.6m

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

Empresas Lipigas

Market Cap: CL$724.9b

Engages in the distribution and sale of liquefied petroleum gas (LPG) and natural gas (NG) in Chile, Peru, and Colombia.

Gulf Island Fabrication

Market Cap: US$122.3m

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

Zona Franca de Iquique

Market Cap: CL$232.0b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 305.0b

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

Oakworth Capital

Market Cap: US$160.3m

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

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

Market Cap: ج.م17.4b

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.

Senstar Technologies

Market Cap: US$105.5m

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

Telematic Interactive Bulgaria EAD

Market Cap: лв283.9m

Offers online betting and gambling services.

Telekom Networks Malawi

Market Cap: MK 402.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Rich Sparkle Holdings

Market Cap: US$506.4m

Provides financial printing and corporate services in Hong Kong.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Standard Bank

Market Cap: MK 1.5t

Provides banking and other related services in Malawi.

Greenfire Resources

Market Cap: US$333.0m

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

Sparta

Market Cap: €97.3m

A publicly owned investment manager.

First National Bank of Botswana

Market Cap: P13.9b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

ANSA Merchant Bank

Market Cap: TT$3.2b

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

Transnational Corporation of Nigeria

Market Cap: ₦468.5b

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

ASA Gold and Precious Metals

Market Cap: US$783.2m

A publicly owned investment manager.

Solesence

Market Cap: US$237.5m

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

Eurofins-Cerep

Market Cap: €91.8m

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

SalfaCorp

Market Cap: CL$522.4b

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

Wema Bank

Market Cap: ₦469.3b

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

Metalpha Technology Holding

Market Cap: US$140.3m

Provides wealth management services in Hong Kong.

PINAGO UTAMA

Market Cap: Rp1.9t

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

GlaxoSmithKlineE

Market Cap: ج.م5.7b

Engages in production of pharmaceutical chemicals.

Linkhome Holdings

Market Cap: US$145.7m

An artificial intelligence-driven property technology company, provides real estate related services in the United States.

Nigerian Aviation Handling

Market Cap: ₦204.7b

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

Zambia Sugar

Market Cap: K16.5b

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

La Forestière Equatoriale

Market Cap: €102.5m

Does not have any significant operations.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م37.8b

Produces and sells fertilizers.