Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ776.3m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Yibin City Commercial Bank

Market Cap: HK$11.9b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

National Credit and Commerce Bank

Market Cap: ৳13.2b

Provides various commercial banking products and services in Bangladesh.

Cisadane Sawit Raya

Market Cap: Rp1.7t

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

Li Ming Development Construction

Market Cap: NT$4.3b

Li Ming Development Construction Co., Ltd.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

SalfaCorp

Market Cap: CL$450.9b

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

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.1b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Dwi Guna Laksana

Market Cap: Rp2.0t

Engages in the coal mining and trading activities in Indonesia.

Asian Terminals

Market Cap: ₱53.6b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł858.2m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Viohalco

Market Cap: €1.7b

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €93.9m

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

Terminal X Online

Market Cap: ₪655.3m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Pure Cycle

Market Cap: US$245.3m

Provides wholesale water and wastewater services in the United States.

Senstar Technologies

Market Cap: US$100.8m

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

Alantra Partners

Market Cap: €303.0m

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

Solesence

Market Cap: US$237.5m

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

FineMark Holdings

Market Cap: US$507.9m

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

Chilanga Cement

Market Cap: K6.0b

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

Affinity Bancshares

Market Cap: US$119.7m

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

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.

ASA Gold and Precious Metals

Market Cap: US$642.4m

A publicly owned investment manager.

Payton Industries

Market Cap: ₪477.6m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

First Investment Bank AD

Market Cap: лв784.2m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Transnational Corporation of Nigeria

Market Cap: ₦477.6b

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

Zambia Sugar

Market Cap: K13.3b

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

Morris State Bancshares

Market Cap: US$245.1m

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

Valhi

Market Cap: US$465.3m

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$293.8m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

La Forestière Equatoriale

Market Cap: €108.8m

Does not have any significant operations.