Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bank of Africa Mali

Market Cap: XOF 116.7b

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

Oakworth Capital

Market Cap: US$195.1m

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

Chilanga Cement

Market Cap: K16.6b

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

Guangzhou Ruili Kormee Automotive Electronic

Market Cap: CN¥10.6b

Guangzhou Ruili Kormee Automotive Electronic Co., Ltd.

Taiyo KagakuLtd

Market Cap: JP¥46.2b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Billion Industrial Holdings

Market Cap: HK$9.6b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Arab Banking Corporation (B.S.C.)

Market Cap: US$974.8m

Provides wholesale banking services worldwide.

Canal Shipping Agencies

Market Cap: ج.م10.1b

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

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of wheat flour in Thailand.

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

Market Cap: ج.م25.4b

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.م21.8b

Provides various banking products and services in Egypt.

Jamuna Bank

Market Cap: ৳22.0b

Provides various banking products and services in Bangladesh.

Padma Oil

Market Cap: ৳16.8b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.2b

Produces and sells fertilizers.

Freetrailer Group

Market Cap: €800.6m

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €95.0m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Terminal X Online

Market Cap: ₪947.9m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Quest Holdings

Market Cap: €735.1m

Engages in the distribution of information technology and telecommunications products in Greece, Romania, Cyprus, Luxembourg, Belgium, Spain, and Italy.

MCH Group

Market Cap: CHF 135.1m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Alantra Partners

Market Cap: €340.9m

Engages in the investment banking and asset management services in Spain and internationally.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Intellego Technologies

Market Cap: SEK 1.6b

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

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Sopharma AD

Market Cap: €991.8m

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺6.4b

Operates as an asset management company in Turkey.

Blume Metal Kimya Anonim Sirketi

Market Cap: ₺7.8b

Operates in the tourism, construction, and energy sectors in Turkey.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.9b

A publicly owned investment manager.

GB Holdings

Market Cap: US$54.7m

Produces rubber and chemical products in Zimbabwe.

Capricorn Group

Market Cap: R13.3b

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

KABE Group AB (publ.)

Market Cap: SEK 1.8b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺6.9b

Marmaris Altinyunus Turistik Tesisler A.S.

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.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺20.2b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Empresas Lipigas

Market Cap: CL$921.9b

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