Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cashmere Valley Bank

Market Cap: US$253.8m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

First Northern Community Bancorp

Market Cap: US$212.8m

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.

Sound Financial Bancorp

Market Cap: US$112.0m

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

Chilanga Cement

Market Cap: K17.0b

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

Telekom Networks Malawi

Market Cap: MK 353.8b

Provides telecommunication services to enterprises and individual customers in Malawi.

Affinity Bancshares

Market Cap: US$122.9m

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

NameSilo Technologies

Market Cap: US$112.5m

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

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

FRoSTA

Market Cap: €656.7m

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 85.8b

Processes heavy bitumen crude in Africa.

Grendene

Market Cap: R$4.5b

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

Envirotainer

Market Cap: €398.1m

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

Tri-County Financial Group

Market Cap: US$119.0m

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.

Bank of Africa Mali

Market Cap: XOF 120.6b

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

Seneca Foods

Market Cap: US$810.0m

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

Standard Bank

Market Cap: MK 998.0b

Provides banking and other related services in Malawi.

Industrias del Cobre Sociedad Anónima

Market Cap: S/833.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

Epsilon Energy

Market Cap: US$149.2m

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.

Productive Business Solutions

Market Cap: US$160.0m

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Oakworth Capital

Market Cap: US$190.7m

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

Central Forest Group

Market Cap: JP¥22.2b

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

Capricorn Group

Market Cap: R13.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

Southern Michigan Bancorp

Market Cap: US$115.1m

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.

Alfin Banco

Market Cap: S/476.1m

Provides various banking and financial products and services.

Inverfal PerúA

Market Cap: S/1.5b

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

Nexa Resources AtacochaA

Market Cap: S/1.5b

Operates as a mining company worldwide.

Onix Solar Energy

Market Cap: ₹14.5b

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

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.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.