Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Shandong Sinoglory Health Food

Market Cap: CN¥2.7b

Manufactures soy proteins in China.

Namibia Breweries

Market Cap: R6.3b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Lion Capital

Market Cap: RON 2.2b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Freetrailer Group

Market Cap: €529.9m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Union Bankshares

Market Cap: US$112.2m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م21.9b

Provides various banking products and services in Egypt.

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

Market Cap: ج.م27.6b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

A3 Mercados

Market Cap: AR$726.2b

Operates as a market for negotiable securities in Argentina and internationally.

Nigerian Aviation Handling

Market Cap: ₦370.2b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

GB Holdings

Market Cap: US$55.2m

Produces rubber and chemical products in Zimbabwe.

Chilanga Cement

Market Cap: K15.9b

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

Acsion

Market Cap: R4.2b

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

Southern Michigan Bancorp

Market Cap: US$116.5m

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

HOMAG Group

Market Cap: €398.5m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

First National Bank of Botswana

Market Cap: P14.4b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Sopharma AD

Market Cap: €919.7m

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

Telekom Networks Malawi

Market Cap: MK 355.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

Canal Shipping Agencies

Market Cap: ج.م8.3b

Provides various shipping services to the international commercial fleet in Egypt.

Affinity Bancshares

Market Cap: US$135.7m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 642.0b

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

Bank of Africa Mali

Market Cap: XOF 128.5b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Seneca Foods

Market Cap: US$1.0b

Provides packaged fruits and vegetables in the United States and internationally.

C. Mer Industries

Market Cap: ₪573.4m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and military technologies.

Grendene

Market Cap: R$4.2b

Engages in the development, production, distribution, sale, and market of plastic footwear in Brazil, North America, Asia, Oceania, Europe, Central and South America, the Middle East, and Africa.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Tchaikapharma High Quality Medicines AD

Market Cap: €896.7m

Develops, manufactures, and sells medicines in Bulgaria.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.0b

Produces and sells fertilizers.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 97.4b

Processes heavy bitumen crude in Africa.

Procimmo Group

Market Cap: CHF 427.9m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Oxford Bank

Market Cap: US$104.0m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Amir Marketing and Investments in Agriculture

Market Cap: ₪456.0m

Through its subsidiaries supplies and markets agricultural inputs in Israel.

Payton Industries

Market Cap: ₪535.4m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.