Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.2b

Processes heavy bitumen crude in Africa.

Standard Bank

Market Cap: MK 563.9b

Provides banking and other related services in Malawi.

Colorado

Market Cap: د.م983.2m

Manufactures and distributes various paints in Morocco and internationally.

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

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.

Transcorp Power

Market Cap: ₦2.4t

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

Acsion

Market Cap: R2.3b

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

Eurofins-Cerep

Market Cap: €92.3m

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

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.

Zona Franca de Iquique

Market Cap: CL$215.3b

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 304.5b

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

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.

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.

Senstar Technologies

Market Cap: US$104.3m

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

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.

Oakworth Capital

Market Cap: US$158.2m

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

Practic

Market Cap: RON 736.5m

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

Sugar Terminals

Market Cap: AU$360.0m

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

Maistra d.d

Market Cap: €601.9m

Engages in the hotel business in Croatia.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Potasios de Chile

Market Cap: CL$488.3b

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

Transnational Corporation of Nigeria

Market Cap: ₦534.0b

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

Wema Bank

Market Cap: ₦412.5b

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

Nigerian Aviation Handling

Market Cap: ₦228.0b

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

Evergent Investments

Market Cap: RON 1.3b

A publicly owned investment manager.

Cyprus Cement

Market Cap: €157.7m

Engages in the manufacturing and sale of cement and related business in Cyprus.

Vasa Denticity

Market Cap: ₹10.0b

Trades in dental products in India.

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥5.2b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.

Synic SolutionLtd

Market Cap: ₩243.1b

Synic Solution Co., Ltd. provides semiconductor design solutions and foundry services to global fabless customers.

Baazeem Trading

Market Cap: ر.س576.1m

Operates as a FMCG distribution company.

Hefei Gocom Information TechnologyLtd

Market Cap: CN¥1.7b

Hefei Gocom Information Technology Co.,Ltd.

Citra Tubindo

Market Cap: Rp6.3t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Linde Bangladesh

Market Cap: ৳14.4b

Manufactures and supplies industrial and medical gases, anesthesia, and ancillary equipment in Bangladesh.

QuickLtd

Market Cap: JP¥42.8b

Engages in the recruiting, human resources service, information publishing, and Internet-related businesses in Japan and internationally.