Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Lungyen Life Service

Market Cap: NT$21.4b

Provides funeral facilities and services in Taiwan.

Te Chang Construction

Market Cap: NT$7.6b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

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.

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.

Jamuna Bank

Market Cap: ৳23.0b

Provides various banking products and services in Bangladesh.

Onix Solar Energy

Market Cap: ₹14.8b

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

Telekom Networks Malawi

Market Cap: MK 360.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 495.5b

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

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.

Chilanga Cement

Market Cap: K16.6b

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

Liburnia Riviera Hoteli d.d

Market Cap: €157.4m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.4b

Produces and sells fertilizers.

FRoSTA

Market Cap: €674.4m

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.

Bank of Africa Mali

Market Cap: XOF 116.1b

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

Canal Shipping Agencies

Market Cap: ج.م9.6b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 89.6b

Processes heavy bitumen crude in Africa.

Padma Oil

Market Cap: ৳17.2b

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

Sopharma AD

Market Cap: €1.0b

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Standard Bank

Market Cap: MK 996.1b

Provides banking and other related services in Malawi.

GB Holdings

Market Cap: US$54.7m

Produces rubber and chemical products in Zimbabwe.

Namibia Breweries

Market Cap: R6.2b

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

Empresas Lipigas

Market Cap: CL$932.1b

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

BAUER

Market Cap: €279.7m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

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

Market Cap: ج.م22.0b

Provides various banking products and services in Egypt.

Capricorn Group

Market Cap: R13.3b

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

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

Market Cap: ج.م25.1b

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.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

First Bancorp

Market Cap: US$327.0m

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

Cashmere Valley Bank

Market Cap: US$255.2m

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

Seneca Foods

Market Cap: US$810.1m

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

Central Forest Group

Market Cap: JP¥22.2b

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.