Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

GlaxoSmithKlineE

Market Cap: ج.م5.5b

Engages in production of pharmaceutical chemicals.

Capricorn Group

Market Cap: R11.2b

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Eurofins-Cerep

Market Cap: €91.8m

Provides various drug discovery services to pharmaceutical, biopharmaceutical, and biotechnology companies France and internationally.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 78.0b

Processes heavy bitumen crude in Africa.

La Forestière Equatoriale

Market Cap: €105.3m

Does not have any significant operations.

ANSA Merchant Bank

Market Cap: TT$3.2b

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

Standard Bank

Market Cap: MK 1.5t

Provides banking and other related services in Malawi.

Compañía Electro Metalúrgica

Market Cap: CL$350.4b

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

Sopharma AD

Market Cap: лв1.4b

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

FRMO

Market Cap: US$396.2m

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

Rich Sparkle Holdings

Market Cap: US$537.5m

Provides financial printing and corporate services in Hong Kong.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in tourism business.

Sparta

Market Cap: €100.5m

A publicly owned investment manager.

Greenfire Resources

Market Cap: US$338.6m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

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.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.8m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Transcorp Power

Market Cap: ₦2.4t

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

NSIA Banque Société Anonyme

Market Cap: XOF 252.3b

Provides various banking products and services.

SBS Philippines

Market Cap: ₱6.0b

Engages in chemical trading and distribution in the Philippines.

Zona Franca de Iquique

Market Cap: CL$232.0b

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

DINE. de

Market Cap: Mex$13.8b

Develops real estate projects in Mexico.

Freetrailer Group

Market Cap: €707.2m

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

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

Market Cap: ج.م18.5b

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.

Southern Michigan Bancorp

Market Cap: US$115.6m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

First National Bank of Botswana

Market Cap: P13.9b

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

Wema Bank

Market Cap: ₦469.3b

Provides banking and other financial services to corporate and individual customers in Nigeria.

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.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Hermes Transportes Blindados

Market Cap: S/750.4m

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

Corporación Financiera Colombiana

Market Cap: Col$6.6t

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

Senstar Technologies

Market Cap: US$103.1m

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

Chilanga Cement

Market Cap: K6.0b

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

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.