Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

China SXT Pharmaceuticals

Market Cap: US$191.0m

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

Metalpha Technology Holding

Market Cap: US$126.0m

Provides wealth management services in Hong Kong.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €425.6m

Operates as a cooperative bank in France.

Itafos

Market Cap: CA$573.9m

Operates as a phosphate and specialty fertilizer company.

Viohalco

Market Cap: €1.7b

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

FRMO

Market Cap: US$400.6m

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

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 71.3b

Processes heavy bitumen crude in Africa.

Alantra Partners

Market Cap: €309.7m

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

Vantage

Market Cap: US$140.3m

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

La Forestière Equatoriale

Market Cap: €117.3m

Does not have any significant operations.

NSIA Banque Société Anonyme

Market Cap: XOF 244.9b

Provides various banking products and services.

NICO Holdings

Market Cap: MK 1.0t

Engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique.

Valhi

Market Cap: US$500.3m

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

Pure Cycle

Market Cap: US$240.0m

Provides wholesale water and wastewater services in the United States.

Zona Franca de Iquique

Market Cap: CL$222.4b

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

MCH Group

Market Cap: CHF 109.1m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł946.2m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Senstar Technologies

Market Cap: US$105.9m

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

Decora

Market Cap: zł765.7m

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

Solesence

Market Cap: US$279.7m

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

Gulf Island Fabrication

Market Cap: US$113.1m

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

Transnational Corporation of Nigeria

Market Cap: ₦508.1b

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

Chilanga Cement

Market Cap: K6.1b

Engages in the manufacture and sale of cement products in Zambia.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €97.7m

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

FineMark Holdings

Market Cap: US$525.1m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Oakworth Capital

Market Cap: US$159.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking 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.

Reitar Logtech Holdings

Market Cap: US$238.5m

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

Zambia Sugar

Market Cap: K13.2b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 302.9b

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