Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$974.8m

Provides wholesale banking services worldwide.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Telekom Networks Malawi

Market Cap: MK 360.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

FRoSTA

Market Cap: €664.9m

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

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.

Canal Shipping Agencies

Market Cap: ج.م10.0b

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

Standard Bank

Market Cap: MK 996.3b

Provides banking and other related services in Malawi.

Seneca Foods

Market Cap: US$809.3m

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

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.

Central Forest Group

Market Cap: JP¥22.2b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 85.7b

Processes heavy bitumen crude in Africa.

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.

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.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.2b

Produces and sells fertilizers.

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.

Envirotainer

Market Cap: €401.0m

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

Soma Gold

Market Cap: CA$231.3m

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

Pure Cycle

Market Cap: US$268.6m

Provides water and wastewater services in the United States.

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.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Namibia Breweries

Market Cap: R6.2b

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

Itafos

Market Cap: CA$599.0m

Operates as a phosphate and specialty fertilizer company.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Grendene

Market Cap: R$4.4b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Sopharma AD

Market Cap: €1.0b

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

Productive Business Solutions

Market Cap: US$188.2m

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

GB Holdings

Market Cap: US$54.7m

Produces rubber and chemical products in Zimbabwe.

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.

Union Bankshares

Market Cap: US$111.7m

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

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.