Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Senstar Technologies

Market Cap: US$105.0m

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

ASA Gold and Precious Metals

Market Cap: US$710.2m

A publicly owned investment manager.

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

Market Cap: د.إ1.0b

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Valhi

Market Cap: US$461.6m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Soma Gold

Market Cap: CA$148.9m

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

Southern Michigan Bancorp

Market Cap: US$111.0m

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.

Sound Financial Bancorp

Market Cap: US$120.5m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Elron Ventures

Market Cap: US$112.3m

A venture capital firm specializing in early stage and seed investment.

First Northern Community Bancorp

Market Cap: US$190.2m

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.

Metalpha Technology Holding

Market Cap: US$114.9m

Provides wealth management services in Hong Kong.

Capricorn Group

Market Cap: R11.2b

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

Greenfire Resources

Market Cap: US$362.5m

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

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.

MKH Berhad

Market Cap: RM 582.7m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك44.3m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Gallantt Ispat

Market Cap: ₹142.1b

Engages in manufacture and sale of iron and steel products in India.

Insolation Energy

Market Cap: ₹48.4b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

Sure Global Tech

Market Cap: ر.س514.6m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

ManpowerGroup Greater China

Market Cap: HK$1.5b

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.

Aeroflex Industries

Market Cap: ₹22.6b

Manufactures and sells stainless steel flexible hose and assemblies in India.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Tianjin Lisheng PharmaceuticalLtd

Market Cap: CN¥6.5b

Engages in the research and development, production, and sale of pharmaceutical products in China.

Saint-Gobain Sekurit India

Market Cap: ₹10.4b

Manufactures and sells laminated and tempered automotive glass in India.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.6b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Brillian Network & Automation Integrated System

Market Cap: NT$10.5b

Brillian Network & Automation Integrated System Co.

Cita Mineral Investindo

Market Cap: Rp16.0t

Engages in bauxite mining activities in Indonesia.

Najran Cement

Market Cap: ر.س1.3b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

National Investments Company K.S.C.P

Market Cap: د.ك192.9m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك46.0m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك387.0m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

MOBI Industry

Market Cap: ر.س550.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Goldiam International

Market Cap: ₹42.8b

Manufactures, sells, and trades in diamond studded gold, silver, and platinum jewelry in India.