Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Morris State Bancshares

Market Cap: US$234.2m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.8b

Processes heavy bitumen crude in Africa.

Senstar Technologies

Market Cap: US$117.6m

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

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.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Acsion

Market Cap: R2.5b

Engages in property holding and development activities in South Africa and internationally.

Itafos

Market Cap: CA$595.2m

Operates as a phosphate and specialty fertilizer company.

Zona Franca de Iquique

Market Cap: CL$229.6b

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

China SXT Pharmaceuticals

Market Cap: US$218.1m

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

Eurofins-Cerep

Market Cap: €88.8m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 318.0b

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

Reitar Logtech Holdings

Market Cap: US$331.0m

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

FRMO

Market Cap: US$374.2m

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

Vantage

Market Cap: US$130.1m

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

Metalpha Technology Holding

Market Cap: US$134.8m

Provides wealth management services in Hong Kong.

Valhi

Market Cap: US$512.1m

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

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.

Inversiones Doalca SOCIMI

Market Cap: €153.0m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

West Bancorporation

Market Cap: US$356.9m

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

NSIA Banque Société Anonyme

Market Cap: XOF 252.3b

Provides various banking products and services.

Oakworth Capital

Market Cap: US$159.8m

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

Gulf Island Fabrication

Market Cap: US$110.3m

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

Solesence

Market Cap: US$276.9m

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

FineMark Holdings

Market Cap: US$528.7m

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

Pure Cycle

Market Cap: US$267.0m

Provides wholesale water and wastewater services in the United States.

Transcorp Power

Market Cap: ₦2.4t

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Practic

Market Cap: RON 736.5m

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

Grendene

Market Cap: R$4.9b

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

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

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.

Chilanga Cement

Market Cap: K6.1b

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

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.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.