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.

Affinity Bancshares

Market Cap: US$119.2m

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

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.

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.

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.

NSIA Banque Société Anonyme

Market Cap: XOF 237.5b

Provides various banking products and services.

First Northern Community Bancorp

Market Cap: US$173.0m

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.

Transcorp Power

Market Cap: ₦2.2t

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

Central Cooperative Bank AD

Market Cap: лв217.4m

A commercial bank, provides various financial products and services.

Maistra d.d

Market Cap: €580.0m

Engages in the hotel business in Croatia.

ASA Gold and Precious Metals

Market Cap: US$585.6m

A publicly owned investment manager.

Valhi

Market Cap: US$436.6m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.9b

Processes heavy bitumen crude in Africa.

Freetrailer Group

Market Cap: €697.8m

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

Pure Cycle

Market Cap: US$234.7m

Provides wholesale water and wastewater services in the United States.

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.

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.

First Bancorp

Market Cap: US$277.7m

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

FRMO

Market Cap: US$380.8m

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

Sound Financial Bancorp

Market Cap: US$116.6m

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

Gulf Island Fabrication

Market Cap: US$111.5m

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

Capricorn Group

Market Cap: R11.1b

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

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.

GB Holdings

Market Cap: US$54.0m

Provides rubber and chemical products in Zimbabwe.

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.

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.

Reitar Logtech Holdings

Market Cap: US$256.0m

Through its subsidiaries, provides construction management and engineering design services.

Itafos

Market Cap: CA$570.0m

Operates as a phosphate and specialty fertilizer company.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Metalpha Technology Holding

Market Cap: US$125.5m

Provides wealth management services in Hong Kong.

Preformed Line Products

Market Cap: US$732.8m

Designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Rich Sparkle Holdings

Market Cap: US$391.9m

Provides financial printing and corporate services in Hong Kong.

PINAGO UTAMA

Market Cap: Rp1.9t

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

Standard Bank

Market Cap: MK 757.5b

Provides banking and other related services in Malawi.