Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Arab Banking Corporation (B.S.C.)

Market Cap: US$974.8m

Provides wholesale banking services worldwide.

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

Market Cap: ج.م25.3b

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.

Bank of Africa Mali

Market Cap: XOF 116.7b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.2b

Produces and sells fertilizers.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 85.7b

Processes heavy bitumen crude in Africa.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 475.0b

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

Central Forest Group

Market Cap: JP¥22.2b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Sociedad Matriz SAAM

Market Cap: CL$1.4t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Telekom Networks Malawi

Market Cap: MK 360.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

FRoSTA

Market Cap: €664.9m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Standard Bank

Market Cap: MK 996.3b

Provides banking and other related services in Malawi.

Canal Shipping Agencies

Market Cap: ج.م10.0b

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

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.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Pure Cycle

Market Cap: US$268.6m

Provides water and wastewater services in the United States.

Soma Gold

Market Cap: CA$231.3m

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

Seneca Foods

Market Cap: US$809.3m

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Envirotainer

Market Cap: €401.0m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Oakworth Capital

Market Cap: US$195.1m

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

Itafos

Market Cap: CA$599.0m

Operates as a phosphate and specialty fertilizer company.

Namibia Breweries

Market Cap: R6.2b

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

Freetrailer Group

Market Cap: €785.4m

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

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

Jadranski naftovod d.d

Market Cap: €765.8m

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

First Northern Community Bancorp

Market Cap: US$224.3m

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.

Epsilon Energy

Market Cap: US$145.0m

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.

Sopharma AD

Market Cap: €1.0b

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

Winchester Bancorp

Market Cap: US$111.5m

Focuses on operating as the bank holding company for Winchester Savings Bank, which provides banking products and services in Massachusetts.

Morris State Bancshares

Market Cap: US$287.2m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

First National Bank of Botswana

Market Cap: P13.9b

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

Security Federal

Market Cap: US$105.8m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.