Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Transcorp Power

Market Cap: ₦2.1t

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

Sociedad de Inversiones Oro Blanco

Market Cap: CL$1.3t

Through its subsidiaries, invests in various types of goods and securities in Chile.

PINAGO UTAMA

Market Cap: Rp1.9t

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

Standard Bank

Market Cap: MK 1.5t

Provides banking and other related services in Malawi.

Chilanga Cement

Market Cap: K6.0b

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

SalfaCorp

Market Cap: CL$484.5b

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

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

Market Cap: ج.م19.0b

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.

Maistra d.d

Market Cap: €601.9m

Engages in the hotel business in Croatia.

Eurofins-Cerep

Market Cap: €91.8m

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

Zona Franca de Iquique

Market Cap: CL$222.9b

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

SBS Philippines

Market Cap: ₱6.0b

Engages in chemical trading and distribution in the Philippines.

Danang Port

Market Cap: ₫3.2t

Offers port services in Vietnam.

Vinacomin - Power Holding

Market Cap: ₫8.4t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Ha Giang Mineral Mechanics

Market Cap: ₫3.6t

Explores, extracts, and process mineral ores in Vietnam and internationally.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Hua Na Hydropower

Market Cap: ₫5.6t

Engages in the electricity generation activities.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in tourism business.

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.

Corporación Financiera Colombiana

Market Cap: Col$6.7t

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 308.5b

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

PAN Group

Market Cap: ₫6.9t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Empresas Lipigas

Market Cap: CL$653.0b

Engages in the distribution and sale of liquefied petroleum gas (LPG) and natural gas (NG) in Chile, Peru, and Colombia.

TSTE

Market Cap: ฿4.4b

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

Zambia Sugar

Market Cap: K15.2b

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

Vietnam Container Shipping

Market Cap: ₫11.2t

Engages in port services activities in Vietnam.

Viet Nam Power Development

Market Cap: ₫2.7t

Engages in the operation and management of hydropower plants.

Jordanian Duty Free Shops

Market Cap: د.أ146.5m

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

Grendene

Market Cap: R$4.9b

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.

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 77.0b

Processes heavy bitumen crude in Africa.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

NSIA Banque Société Anonyme

Market Cap: XOF 247.3b

Provides various banking products and services.

Freetrailer Group

Market Cap: €744.9m

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