Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Smart Organic AD

Market Cap: лв369.7m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Namibia Breweries

Market Cap: R6.2b

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

Darwin

Market Cap: €91.8m

Operates in the healthcare industry.

Procimmo Group

Market Cap: CHF 364.9m

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

Sopharma AD

Market Cap: лв1.4b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.8b

Develops, manufactures, and sells medicines in Bulgaria.

Central Cooperative Bank AD

Market Cap: лв244.1m

A commercial bank, provides various financial products and services.

First Investment Bank AD

Market Cap: лв864.7m

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

Tri-County Financial Group

Market Cap: US$116.5m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Epsilon Energy

Market Cap: US$111.1m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Union Bankshares

Market Cap: US$108.9m

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

Gulf Insurance Group - Jordan

Market Cap: د.أ79.3m

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

FRMO

Market Cap: US$334.6m

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

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Zambia Sugar

Market Cap: K21.1b

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

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

Jadranski naftovod d.d

Market Cap: €775.9m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Inverfal PerúA

Market Cap: S/1.9b

Engages in investing in fixed or variable income securities in Peru.

Productive Business Solutions

Market Cap: US$178.8m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

Capricorn Group

Market Cap: R13.2b

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.0b

Provides wholesale banking services worldwide.

PAN Group

Market Cap: ₫5.9t

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

Daphne International Holdings

Market Cap: HK$821.1m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

Scoda Tubes

Market Cap: ₹9.3b

Manufactures and sells stainless steel pipes and tubes in India and internationally.

Imuraya Group

Market Cap: JP¥32.4b

Manufactures and sells various food products in Japan and internationally.

Ligitek ElectronicsLtd

Market Cap: NT$8.2b

Researches, develops, manufactures, processes, and trades in various electronic components in Taiwan, the Americas, Europe, Asia, and internationally.

Daoming Optics&ChemicalLtd

Market Cap: CN¥7.7b

Engages in the research and development, production, and sale of various functional films and polymer synthetic materials in China and internationally.

TianJin JinRong TianYu Precision Machinery

Market Cap: CN¥3.2b

TianJin JinRong TianYu Precision Machinery Inc.

Ha Giang Mineral Mechanics

Market Cap: ₫3.0t

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

Araya Industrial

Market Cap: JP¥23.5b

Manufactures and sells steel products in Japan and internationally.

Sichuan Fulin Transportation Group

Market Cap: CN¥3.2b

Sichuan Fulin Transportation Group Co., Ltd.

HeBei Jinniu Chemical IndustryLtd

Market Cap: CN¥4.0b

Engages in the production and operation of methanol products in China.