Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

First Bancorp

Market Cap: US$302.9m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Acsion

Market Cap: R4.9b

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

Sound Financial Bancorp

Market Cap: US$112.2m

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

Union Bankshares

Market Cap: US$103.8m

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

Winchester Bancorp

Market Cap: US$113.7m

Operates as a bank holding company for Winchester Savings Bank that provides banking products and services in the United States.

Morris State Bancshares

Market Cap: US$264.9m

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

A3 Mercados

Market Cap: AR$723.3b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 645.3b

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

GB Holdings

Market Cap: US$55.2m

Produces rubber and chemical products in Zimbabwe.

Freetrailer Group

Market Cap: €514.7m

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

Chilanga Cement

Market Cap: K16.0b

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

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 2.3b

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.

Soma Gold

Market Cap: CA$184.2m

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

Sopharma AD

Market Cap: €901.3m

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

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.

Epsilon Energy

Market Cap: US$180.6m

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.

Empresas Lipigas

Market Cap: CL$933.9b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

Pure Cycle

Market Cap: US$249.3m

Provides water and wastewater services in the United States.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

BAUER

Market Cap: €249.6m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Potasios de Chile

Market Cap: CL$952.7b

Engages in investment in shares and other financial instruments in Chile.

Oakworth Capital

Market Cap: US$186.3m

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

NameSilo Technologies

Market Cap: US$116.5m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: €872.7m

Develops, manufactures, and sells medicines in Bulgaria.

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.

Central Forest Group

Market Cap: JP¥22.7b

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

TSTE

Market Cap: ฿4.0b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Surya Citra Media

Market Cap: Rp17.1t

Provides multimedia services in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.8t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Nigerian Aviation Handling

Market Cap: ₦340.1b

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

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Citra Tubindo

Market Cap: Rp4.6t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Segar Kumala Indonesia

Market Cap: Rp2.0t

Engages in the trading of fruits and frozen chicken in Indonesia.