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$984.0m

Provides wholesale banking services worldwide.

Li Ming Development Construction

Market Cap: NT$4.2b

Li Ming Development Construction Co., Ltd.

Taiyo KagakuLtd

Market Cap: JP¥44.1b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ140.4m

9649273 Jordanian Duty Free Shops invests in, operates, and manages duty-free shops.

FRoSTA

Market Cap: €614.5m

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

Bank of Africa Mali

Market Cap: XOF 112.3b

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Telekom Networks Malawi

Market Cap: MK 362.1b

Provides telecommunication services to enterprises and individual customers in Malawi.

Central Forest Group

Market Cap: JP¥22.8b

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

Jadranski naftovod d.d

Market Cap: €826.3m

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

Blume Metal Kimya Anonim Sirketi

Market Cap: ₺8.2b

Operates in the tourism, construction, and energy sectors in Turkey.

Darwin

Market Cap: €99.6m

Operates in the healthcare industry.

Alantra Partners

Market Cap: €352.3m

Engages in the investment banking and asset management services in Spain and internationally.

Envirotainer

Market Cap: €401.0m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 73.3b

Processes heavy bitumen crude in Africa.

Namibia Breweries

Market Cap: R6.2b

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

BAUER

Market Cap: €253.9m

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

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft54.2b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Central Cooperative Bank AD

Market Cap: €155.1m

A commercial bank, provides various financial products and services.

Sopharma AD

Market Cap: €1.0b

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €86.2m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Tchaikapharma High Quality Medicines AD

Market Cap: €877.5m

Develops, manufactures, and sells medicines in Bulgaria.

Standard Bank

Market Cap: MK 998.4b

Provides banking and other related services in Malawi.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺19.1b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 484.8b

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

Dekpol

Market Cap: zł772.7m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Y.D. More Investments

Market Cap: ₪3.8b

A privately owned Investment Manager.

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.

Onix Solar Energy

Market Cap: ₹14.2b

Engages in the trading of non-ferrous metals in India.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

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

Market Cap: ج.م25.9b

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

Canal Shipping Agencies

Market Cap: ج.م9.7b

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

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

Market Cap: ج.م20.7b

Provides various banking products and services in Egypt.

Bonraybio

Market Cap: NT$4.0b

A development stage company, manufactures medical instruments and solutions for the male infertility market.