Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

ANSA Merchant Bank

Market Cap: TT$2.7b

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

DINE. de

Market Cap: Mex$14.3b

Develops real estate projects in Mexico.

Bank of Africa Mali

Market Cap: XOF 115.4b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Aesler Grup Internasional

Market Cap: Rp3.6t

Provides architectural and construction management services in Indonesia.

Zona Franca de Iquique

Market Cap: CL$226.1b

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

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

Market Cap: ج.م18.0b

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.

Freetrailer Group

Market Cap: €671.0m

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

Sound Financial Bancorp

Market Cap: US$115.4m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Metalpha Technology Holding

Market Cap: US$116.5m

Provides wealth management services in Hong Kong.

ASA Gold and Precious Metals

Market Cap: US$945.7m

A publicly owned investment manager.

Linkhome Holdings

Market Cap: US$167.0m

An artificial intelligence-driven property technology company, provides real estate related services in the United States.

First Northern Community Bancorp

Market Cap: US$204.8m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Itafos

Market Cap: CA$593.2m

Operates as a phosphate and specialty fertilizer company.

Oakworth Capital

Market Cap: US$161.4m

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

Greenfire Resources

Market Cap: US$335.1m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

Namibia Breweries

Market Cap: R6.0b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Affinity Bancshares

Market Cap: US$117.1m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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

Morris State Bancshares

Market Cap: US$239.6m

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

GlaxoSmithKlineE

Market Cap: ج.م6.0b

Engages in production of pharmaceutical chemicals.

Pure Cycle

Market Cap: US$265.8m

Provides wholesale water and wastewater services in the United States.

Senstar Technologies

Market Cap: US$103.0m

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

GB Holdings

Market Cap: US$54.5m

Provides rubber and chemical products in Zimbabwe.

Valhi

Market Cap: US$420.6m

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

First Bancorp

Market Cap: US$282.5m

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

PINAGO UTAMA

Market Cap: Rp2.5t

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

Standard Bank

Market Cap: MK 1.3t

Provides banking and other related services in Malawi.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 320.2b

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

Lampsa Hellenic Hotels

Market Cap: €846.0m

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

Zambia Sugar

Market Cap: K20.6b

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

A3 Mercados

Market Cap: AR$624.0b

Operates as a market for negotiable securities in Argentina and internationally.

FRMO

Market Cap: US$374.6m

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

Sparta

Market Cap: €103.6m

A publicly owned investment manager.

Telekom Networks Malawi

Market Cap: MK 367.8b

Provides telecommunication services to enterprises and individual customers in Malawi.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.