Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.8b

A publicly owned investment manager.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.1m

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

Canal Shipping Agencies

Market Cap: ج.م8.0b

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

Chilanga Cement

Market Cap: K16.1b

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

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.

Malam - Team

Market Cap: ₪2.3b

Provides information technology services in Israel.

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Jordanian Duty Free Shops

Market Cap: د.أ141.8m

Invests in, operates, and manages duty-free shops.

Telekom Networks Malawi

Market Cap: MK 357.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Vivo Energy Mauritius

Market Cap: MU₨13.1b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Mendelson Infrastructures & Industries

Market Cap: ₪647.4m

Engages in the supply of conduction and flow products in Israel.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Bahrain National Holding Company B.S.C

Market Cap: ب.د59.0m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

New Mauritius Hotels

Market Cap: MU₨7.3b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

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.

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 672.3b

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

Procimmo Group

Market Cap: CHF 373.9m

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

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

Market Cap: ج.م24.1b

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

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

Market Cap: ج.م22.1b

Provides various banking products and services in Egypt.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م30.0b

Produces and sells fertilizers.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Freetrailer Group

Market Cap: €611.9m

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

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.

Standard Bank

Market Cap: MK 996.0b

Provides banking and other related services in Malawi.

Union Bankshares

Market Cap: US$111.2m

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

Sparta

Market Cap: €135.6m

A publicly owned investment manager.

FRoSTA

Market Cap: €649.9m

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

Chuo WarehouseLtd

Market Cap: JP¥32.7b

Provides various logistics services in Japan and internationally.

Otec

Market Cap: JP¥38.5b

Trades pipework equipment in Japan.

YagiLtd

Market Cap: JP¥37.1b

Together its subsidiaries, operates as a fiber trading company in Japan.

Ve Wong

Market Cap: NT$9.4b

Produces and distributes foods, drinks, and seasonings in Taiwan, and internationally.

Soliton Systems K.K

Market Cap: JP¥34.4b

A technology company, provides IT security-related and embedded systems in Japan and internationally.

Ohashi Technica

Market Cap: JP¥30.7b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, China, Thailand, ASEAN, Europe, Taiwan, and internationally.