Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Chilanga Cement

Market Cap: K6.0b

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

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.

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.

First Investment Bank AD

Market Cap: лв775.2m

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

Rich Sparkle Holdings

Market Cap: US$504.0m

Provides financial printing and corporate services in Hong Kong.

First Northern Community Bancorp

Market Cap: US$191.6m

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.

Eurofins-Cerep

Market Cap: €91.8m

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

Solesence

Market Cap: US$231.2m

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

Wema Bank

Market Cap: ₦450.0b

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

FRMO

Market Cap: US$391.8m

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

GlaxoSmithKlineE

Market Cap: ج.م5.3b

Engages in production of pharmaceutical chemicals.

Greenfire Resources

Market Cap: US$359.0m

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

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.

Telekom Networks Malawi

Market Cap: MK 403.8b

Provides telecommunication services to enterprises and individual customers in Malawi.

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.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Sparta

Market Cap: €111.2m

A publicly owned investment manager.

Senstar Technologies

Market Cap: US$102.4m

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

Standard Bank

Market Cap: MK 1.5t

Provides banking and other related services in Malawi.

Soma Gold

Market Cap: CA$145.4m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Capricorn Group

Market Cap: R11.2b

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

Sopharma AD

Market Cap: лв1.3b

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

SUI Group Holdings

Market Cap: US$337.6m

A principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth.

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

Market Cap: ج.م17.4b

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 307.2b

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

Oakworth Capital

Market Cap: US$160.2m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Gulf Island Fabrication

Market Cap: US$119.0m

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

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.

Itafos

Market Cap: CA$527.5m

Operates as a phosphate and specialty fertilizer company.

Metalpha Technology Holding

Market Cap: US$131.7m

Provides wealth management services in Hong Kong.

Affinity Bancshares

Market Cap: US$124.7m

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

FineMark Holdings

Market Cap: US$485.2m

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م34.0b

Produces and sells fertilizers.

Zambia Sugar

Market Cap: K16.5b

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

Pure Cycle

Market Cap: US$269.4m

Provides wholesale water and wastewater services in the United States.