Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 482.2b

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

Freetrailer Group

Market Cap: €854.0m

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

Union Bankshares

Market Cap: US$113.7m

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

Affinity Bancshares

Market Cap: US$125.2m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

First Northern Community Bancorp

Market Cap: US$211.7m

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.

Telekom Networks Malawi

Market Cap: MK 361.3b

Provides telecommunication services to enterprises and individual customers in Malawi.

Central Forest Group

Market Cap: JP¥22.1b

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

Procimmo Group

Market Cap: CHF 369.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Soma Gold

Market Cap: CA$216.0m

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

Itafos

Market Cap: CA$618.4m

Operates as a phosphate and specialty fertilizer company.

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

Market Cap: ج.م24.7b

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.

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

Market Cap: ج.م21.2b

Provides various banking products and services in Egypt.

Epsilon Energy

Market Cap: US$109.4m

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.

Canal Shipping Agencies

Market Cap: ج.م8.9b

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

Jordanian Duty Free Shops

Market Cap: د.أ140.6m

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

Franklin Financial Services

Market Cap: US$241.7m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

Standard Bank

Market Cap: MK 998.4b

Provides banking and other related services in Malawi.

Tchaikapharma High Quality Medicines AD

Market Cap: €872.7m

Develops, manufactures, and sells medicines in Bulgaria.

Tri-County Financial Group

Market Cap: US$118.8m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Chilanga Cement

Market Cap: K15.7b

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

Senstar Technologies

Market Cap: US$100.8m

Provides physical, video, and access control security products and solutions worldwide.

Seneca Foods

Market Cap: US$816.8m

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.

Inverfal PerúA

Market Cap: S/1.9b

Engages in investing in fixed or variable income securities in Peru.

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.

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.

Namibia Breweries

Market Cap: R6.2b

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

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

Morris State Bancshares

Market Cap: US$268.4m

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

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.

Darwin

Market Cap: €97.8m

Operates in the healthcare industry.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$984.0m

Provides wholesale banking services worldwide.

Alfin Banco

Market Cap: S/476.1m

Provides various banking and financial products and services.