Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Onix Solar Energy

Market Cap: ₹14.2b

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

Sociedad Matriz SAAM

Market Cap: CL$1.4t

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.د62.3m

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

Canal Shipping Agencies

Market Cap: ج.م9.8b

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.9b

Processes heavy bitumen crude in Africa.

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

Market Cap: ج.م26.2b

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.م20.9b

Provides various banking products and services in Egypt.

Namibia Breweries

Market Cap: R6.2b

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

Envirotainer

Market Cap: €401.0m

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

Standard Bank

Market Cap: MK 998.4b

Provides banking and other related services in Malawi.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.0b

Produces and sells fertilizers.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 454.3b

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

ANSA Merchant Bank

Market Cap: TT$2.4b

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

Empresas Lipigas

Market Cap: CL$954.9b

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

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.

Procimmo Group

Market Cap: CHF 369.4m

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

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.

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.

Telekom Networks Malawi

Market Cap: MK 362.5b

Provides telecommunication services to enterprises and individual customers in Malawi.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

FRoSTA

Market Cap: €615.9m

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

Bank of Africa Mali

Market Cap: XOF 107.1b

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

Chilanga Cement

Market Cap: K15.6b

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

A3 Mercados

Market Cap: AR$794.4b

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Franklin Financial Services

Market Cap: US$225.7m

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.

Pure Cycle

Market Cap: US$277.0m

Provides water and wastewater services in the United States.

Epsilon Energy

Market Cap: US$105.2m

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.

Senstar Technologies

Market Cap: US$102.4m

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

Seneca Foods

Market Cap: US$766.9m

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

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Sparta

Market Cap: €126.9m

A publicly owned investment manager.

Freetrailer Group

Market Cap: €817.8m

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