Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

TSTE

Market Cap: ฿5.5b

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

Jordanian Duty Free Shops

Market Cap: د.أ155.3m

Invests in, operates, and manages duty-free shops.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Vantage

Market Cap: US$139.6m

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

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.6b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €92.8m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

Famous Brands

Market Cap: R5.8b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, Middle East, and Rest of Africa.

Cyprus Cement

Market Cap: €155.0m

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

FRMO

Market Cap: US$396.1m

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

Southern Michigan Bancorp

Market Cap: US$109.9m

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.

Viohalco

Market Cap: €1.6b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

China SXT Pharmaceuticals

Market Cap: US$188.0m

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

FineMark Holdings

Market Cap: US$503.6m

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

Solesence

Market Cap: US$313.4m

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

NSIA Banque Société Anonyme

Market Cap: XOF 235.1b

Provides various banking products and services.

Lampsa Hellenic Hotels

Market Cap: €854.6m

Operates and manages hotels in Greece, Cyprus, and Serbia.

Colorado

Market Cap: د.م983.2m

Manufactures and distributes various paints in Morocco and internationally.

First Investment Bank AD

Market Cap: лв772.3m

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

Lavipharm

Market Cap: €139.5m

Engages in the research, development, manufacture, import, marketing, sale, and wholesale of pharmaceutical, cosmetics, and healthcare products to physicians and pharmacists in Greece 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.

Valhi

Market Cap: US$490.3m

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

Gulf Island Fabrication

Market Cap: US$112.1m

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

Alantra Partners

Market Cap: €308.3m

Engages in the investment banking and asset management services in Spain and internationally.

Martifer SGPS

Market Cap: €210.2m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺29.4b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺7.4b

Operates as a guardrail supplier company in Turkey.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺17.4b

Provides software development services to public and private organizations in Turkey.

Transcorp Power

Market Cap: ₦2.4t

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

Evergent Investments

Market Cap: RON 1.4b

A publicly owned investment manager.

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

First Bancorp

Market Cap: US$278.8m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Rich Sparkle Holdings

Market Cap: US$312.3m

Provides financial printing and corporate services in Hong Kong.

Eurofins-Cerep

Market Cap: €90.8m

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