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.

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.

TSTE

Market Cap: ฿5.5b

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

Sun

Market Cap: MU₨6.6b

Operates in the tourism sector.

Jamuna Bank

Market Cap: ৳17.6b

Provides various banking products and services in Bangladesh.

Cahaya Aero Services

Market Cap: Rp4.4t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥32.9b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Bakrie & Brothers

Market Cap: Rp4.7t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

Shangri-La Hotel

Market Cap: ฿6.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Monolithisch India

Market Cap: ₹8.9b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp18.6t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the United States, the Middle East, and internationally.

Gulf Insurance Group - Jordan

Market Cap: د.أ91.0m

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

Citra Tubindo

Market Cap: Rp6.5t

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

Nigerian Aviation Handling

Market Cap: ₦228.0b

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

FineMark Holdings

Market Cap: US$524.4m

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$314.1m

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

Metalpha Technology Holding

Market Cap: US$133.6m

Provides wealth management services in Hong Kong.

Oakworth Capital

Market Cap: US$158.3m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 71.3b

Processes heavy bitumen crude in Africa.

Deutsche Balaton

Market Cap: €198.4m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Rotshtein Realestate

Market Cap: ₪1.4b

Develops and constructs residential projects in Israel.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €96.1m

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

Famous Brands

Market Cap: R6.0b

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.

Viohalco

Market Cap: €1.7b

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

FRMO

Market Cap: US$398.0m

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

Formula Systems (1985)

Market Cap: ₪6.6b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

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.

va-Q-tec

Market Cap: €401.0m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Decora

Market Cap: zł791.0m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

Senstar Technologies

Market Cap: US$106.1m

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

Itafos

Market Cap: CA$579.7m

Operates as a phosphate and specialty fertilizer company.

Rimoni Industries

Market Cap: ₪474.4m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Transcorp Power

Market Cap: ₦2.4t

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

Hui Lyu Ecological Technology GroupsLtd

Market Cap: CN¥10.2b

Hui Lyu Ecological Technology Groups Co.,Ltd.