Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Ruentex Interior Design

Market Cap: NT$3.6b

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

House of Investments

Market Cap: ₱7.0b

An investment holding company, engages in the automotive, property and property services, financial services, and education businesses in the Philippines and internationally.

East West Banking

Market Cap: ₱29.4b

Operates as a commercial bank that provides a range of financial products and services to individual and corporate clients in the Philippines and internationally.

Ceylinco Holdings

Market Cap: LK₨74.9b

Ceylinco Holdings PLC underwrites various classes of general and life insurance products primarily in Sri Lanka.

Mulpha International Bhd

Market Cap: RM 912.4m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

TSTE

Market Cap: ฿4.1b

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

Hua Na Hydropower

Market Cap: ₫5.4t

Engages in the investment, production, and trading of electricity in Vietnam.

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.

First Bancorp

Market Cap: US$323.9m

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

Anbio Biotechnology

Market Cap: US$1.2b

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

Bank of Africa Mali

Market Cap: XOF 126.1b

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

Canal Shipping Agencies

Market Cap: ج.م8.7b

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

HOMAG Group

Market Cap: €401.6m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

M+S Hydraulic AD

Market Cap: €199.1m

Engages in the production, repair, and sale of hydraulic products and systems in Bulgaria, the rest of Europe, and internationally.

Soma Gold

Market Cap: CA$207.8m

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

A3 Mercados

Market Cap: AR$733.5b

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

First Northern Community Bancorp

Market Cap: US$255.8m

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 625.5b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 92.8b

Processes heavy bitumen crude in Africa.

Envirotainer

Market Cap: €383.3m

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

Affinity Bancshares

Market Cap: US$135.9m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

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.

Chilanga Cement

Market Cap: K15.5b

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

Tchaikapharma High Quality Medicines AD

Market Cap: €891.9m

Develops, manufactures, and sells medicines in Bulgaria.

GB Holdings

Market Cap: US$55.2m

Produces rubber and chemical products in Zimbabwe.

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.

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.

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

Market Cap: ج.م22.7b

Provides various banking products and services in Egypt.

Sound Financial Bancorp

Market Cap: US$110.7m

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

Telekom Networks Malawi

Market Cap: MK 353.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

Winchester Bancorp

Market Cap: US$119.4m

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

Pure Cycle

Market Cap: US$266.0m

Provides water and wastewater services in the United States.

Gulf Insurance Group - Jordan

Market Cap: د.أ79.6m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Namibia Breweries

Market Cap: R6.6b

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

Acsion

Market Cap: R4.2b

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