Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

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

Market Cap: د.إ1.0b

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

Transcorp Power

Market Cap: ₦2.4t

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

Solesence

Market Cap: US$237.7m

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

FineMark Holdings

Market Cap: US$533.4m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 300.8b

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

MAPFRE Middlesea

Market Cap: €128.8m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 69.0b

Processes heavy bitumen crude in Africa.

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

Pure Cycle

Market Cap: US$241.9m

Provides wholesale water and wastewater services in the United States.

Zona Franca de Iquique

Market Cap: CL$220.6b

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

Oakworth Capital

Market Cap: US$162.2m

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

NSIA Banque Société Anonyme

Market Cap: XOF 236.2b

Provides various banking products and services.

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

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.

Valhi

Market Cap: US$510.4m

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

Grendene

Market Cap: R$4.8b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Sugar Terminals

Market Cap: AU$360.0m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

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.

West Bancorporation

Market Cap: US$342.2m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Reitar Logtech Holdings

Market Cap: US$283.5m

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

Senstar Technologies

Market Cap: US$109.2m

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

Zambia Sugar

Market Cap: K13.2b

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

Gulf Island Fabrication

Market Cap: US$116.6m

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

NICO Holdings

Market Cap: MK 902.2b

Engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, and information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique.

Chilanga Cement

Market Cap: K6.1b

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

Jadranski naftovod d.d

Market Cap: €836.4m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

First National Bank of Botswana

Market Cap: P13.5b

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

Capricorn Group

Market Cap: R11.0b

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

First Investment Bank AD

Market Cap: лв760.3m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

China SXT Pharmaceuticals

Market Cap: US$203.0m

A pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine pieces (TCMP) in China.

Vantage

Market Cap: US$142.5m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.