Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.5b

Processes heavy bitumen crude in Africa.

Arab Banking Corporation (B.S.C.)

Market Cap: US$959.3m

Provides wholesale banking services worldwide.

Central Forest Group

Market Cap: JP¥22.2b

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

Ruentex Interior Design

Market Cap: NT$3.5b

Engages in interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Onix Solar Energy

Market Cap: ₹14.4b

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

Empresas Lipigas

Market Cap: CL$927.8b

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

ANSA Merchant Bank

Market Cap: TT$2.4b

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

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 482.3b

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.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

FRoSTA

Market Cap: €614.5m

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

First Bancorp

Market Cap: US$304.8m

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

Seneca Foods

Market Cap: US$806.2m

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

Pure Cycle

Market Cap: US$280.2m

Provides water and wastewater services in the United States.

Grendene

Market Cap: R$4.1b

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

Soma Gold

Market Cap: CA$223.1m

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

A3 Mercados

Market Cap: AR$805.4b

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

Sound Financial Bancorp

Market Cap: US$112.1m

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

Canal Shipping Agencies

Market Cap: ج.م9.4b

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

Sopharma AD

Market Cap: €1.0b

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

Telekom Networks Malawi

Market Cap: MK 360.9b

Provides telecommunication services to enterprises and individual customers in Malawi.

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.

Transcorp Power

Market Cap: ₦2.3t

Engages in the generation and sale of electric power in Nigeria and internationally.

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.

Bank of Africa Mali

Market Cap: XOF 113.9b

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

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

Market Cap: ج.م22.2b

Provides various banking products and services in Egypt.

Standard Bank

Market Cap: MK 998.3b

Provides banking and other related services in Malawi.

Acsion

Market Cap: R3.6b

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

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

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

Market Cap: ج.م25.4b

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.

Chilanga Cement

Market Cap: K15.9b

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

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Southern Michigan Bancorp

Market Cap: US$113.3m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.