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.

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

Market Cap: ج.م12.9b

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.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$28.2b

Operates self-service stores that sell office supplies, electronic goods, and housewares in Mexico, Central America, the Caribbean, Colombia, and Chile.

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Itafos

Market Cap: CA$570.0m

Operates as a phosphate and specialty fertilizer company.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.9b

Processes heavy bitumen crude in Africa.

Sociedad Matriz SAAM

Market Cap: CL$1.1t

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

Acsion

Market Cap: R2.3b

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

GB Holdings

Market Cap: US$54.0m

Provides rubber and chemical products in Zimbabwe.

Chilanga Cement

Market Cap: K6.1b

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

TSTE

Market Cap: ฿4.5b

Primarily engages in the production and distribution of wheat flour in Thailand.

PINAGO UTAMA

Market Cap: Rp1.9t

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

NSIA Banque Société Anonyme

Market Cap: XOF 237.5b

Provides various banking products and services.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 303.7b

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

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

Standard Bank

Market Cap: MK 757.5b

Provides banking and other related services in Malawi.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

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.

Zona Franca de Iquique

Market Cap: CL$205.0b

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

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.9b

Researches, develops, produces, and sells black sesame health products in China.

Capricorn Group

Market Cap: R11.1b

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

Freetrailer Group

Market Cap: €663.8m

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

Zambia Sugar

Market Cap: K13.3b

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

Grendene

Market Cap: R$4.5b

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

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.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Southern Michigan Bancorp

Market Cap: US$107.5m

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.

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.

Morris State Bancshares

Market Cap: US$260.9m

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

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.

Gulf Insurance Group - Jordan

Market Cap: د.أ96.7m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Practic

Market Cap: RON 736.5m

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

Anji Foodstuff

Market Cap: CN¥2.5b

Engages in the research and development, production, and sale of condiments in China and internationally.