Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

PINAGO UTAMA

Market Cap: Rp1.9t

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

SBS Philippines

Market Cap: ₱6.0b

Engages in chemical trading and distribution in the Philippines.

Zona Franca de Iquique

Market Cap: CL$225.1b

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

Chilanga Cement

Market Cap: K6.0b

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

Telematic Interactive Bulgaria EAD

Market Cap: лв283.9m

Offers online betting and gambling services.

Nigerian Aviation Handling

Market Cap: ₦200.9b

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

Sparta

Market Cap: €104.9m

A publicly owned investment manager.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

First National Bank of Botswana

Market Cap: P13.6b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 77.0b

Processes heavy bitumen crude in Africa.

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

Market Cap: ج.م18.7b

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: €735.5m

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

Elron Ventures

Market Cap: US$112.3m

A venture capital firm specializing in early stage and seed investment.

NSIA Banque Société Anonyme

Market Cap: XOF 246.1b

Provides various banking products and services.

Senstar Technologies

Market Cap: US$104.6m

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

La Forestière Equatoriale

Market Cap: €108.1m

Does not have any significant operations.

Capricorn Group

Market Cap: R11.2b

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

Zambia Sugar

Market Cap: K16.5b

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

Grendene

Market Cap: R$4.8b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

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.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

DINE. de

Market Cap: Mex$13.8b

Develops real estate projects in Mexico.

TSTE

Market Cap: ฿4.4b

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in tourism business.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

SalfaCorp

Market Cap: CL$502.9b

Engages in engineering, construction, and real estate businesses in Chile and internationally.

Sociedad Matriz SAAM

Market Cap: CL$1.2t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 307.8b

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

Compañía Electro Metalúrgica

Market Cap: CL$350.4b

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

Morris State Bancshares

Market Cap: US$237.0m

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

Corporación Financiera Colombiana

Market Cap: Col$6.5t

Operates as a private financial institution in Columbia and Central America.

La Positiva Seguros y Reaseguros

Market Cap: S/417.4m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

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.

Hermes Transportes Blindados

Market Cap: S/690.1m

Provides money and securities transfer, custody and processing, and document transfer services in Peru.