Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Gulf Island Fabrication

Market Cap: US$116.6m

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

Lampsa Hellenic Hotels

Market Cap: €854.6m

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

Jordanian Duty Free Shops

Market Cap: د.أ146.5m

Invests in, operates, and manages duty-free shops.

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

Chilanga Cement

Market Cap: K6.0b

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

MCH Group

Market Cap: CHF 106.7m

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

Affinity Bancshares

Market Cap: US$122.8m

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

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.6b

Operates as an asset management company.

Sparta

Market Cap: €104.9m

A publicly owned investment manager.

Itafos

Market Cap: CA$541.1m

Operates as a phosphate and specialty fertilizer company.

Sound Group

Market Cap: US$161.8m

Provides audio entertainment, podcast, advertising, and others in the People's Republic of China.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺9.0b

Marmaris Altinyunus Turistik Tesisler A.S.

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Acsion

Market Cap: R2.7b

Engages in property holding and development activities in South Africa and internationally.

Sopharma AD

Market Cap: лв1.4b

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Jadranski naftovod d.d

Market Cap: €796.0m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

FRMO

Market Cap: US$385.9m

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

ANSA Merchant Bank

Market Cap: TT$3.2b

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

Telematic Interactive Bulgaria EAD

Market Cap: лв278.7m

Offers online betting and gambling services.

First Northern Community Bancorp

Market Cap: US$189.4m

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.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Flügger group

Market Cap: DKK 966.7m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Master Drilling Group

Market Cap: R2.3b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

ILSEUNG

Market Cap: ₩189.3b

Produces and sells marine equipment in South Korea and internationally.

ASL Marine Holdings

Market Cap: S$150.2m

Provides marine services in Singapore, Indonesia, Asia Pacific, South Asia, Europe, the Middle East, and Australia.

Abans Financial Services

Market Cap: ₹11.1b

Operates as a non-banking finance company in India and internationally.

Monolithisch India

Market Cap: ₹10.3b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

YAPP Automotive Systems

Market Cap: CN¥12.6b

Engages in the research and development, manufacturing, and sale and service of energy storage system products and thermal management system products.

Shanghai SK Automation TechnologyLtd

Market Cap: CN¥9.1b

Engages in the research, development, production, and sale of intelligent manufacturing equipment for new energy vehicles and fuel vehicles.

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.

Guangdong Tloong Technology GroupLtd

Market Cap: CN¥6.9b

Researches, develops, and sells various printing ink products in China and internationally.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.9b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

Kangping Technology (Suzhou)

Market Cap: CN¥3.4b

Engages in the research and development, design, production, and sale of motors and related products.

Dura Tek

Market Cap: NT$3.9b

Designs and develops simulation testing machines for various components.

Fortune Mate Indonesia

Market Cap: Rp2.3t

Provides real estate development and construction services in Indonesia.