Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 457.1b

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

Onix Solar Energy

Market Cap: ₹14.4b

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

Sopharma AD

Market Cap: €997.0m

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$959.3m

Provides wholesale banking services worldwide.

Telekom Networks Malawi

Market Cap: MK 360.9b

Provides telecommunication services to enterprises and individual customers in Malawi.

ANSA Merchant Bank

Market Cap: TT$2.4b

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

Standard Bank

Market Cap: MK 998.3b

Provides banking and other related services in Malawi.

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.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Namibia Breweries

Market Cap: R6.2b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 77.8b

Processes heavy bitumen crude in Africa.

Ruentex Interior Design

Market Cap: NT$3.5b

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

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.

Chilanga Cement

Market Cap: K15.9b

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

Transcorp Power

Market Cap: ₦2.3t

Engages in the generation and sale of electric power in Nigeria and internationally.

Empresas Lipigas

Market Cap: CL$915.6b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.2b

Produces and sells fertilizers.

Tchaikapharma High Quality Medicines AD

Market Cap: €863.1m

Develops, manufactures, and sells medicines in Bulgaria.

Franklin Financial Services

Market Cap: US$227.2m

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.

Soma Gold

Market Cap: CA$229.0m

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

Oakworth Capital

Market Cap: US$188.2m

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

Affinity Bancshares

Market Cap: US$125.3m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Itafos

Market Cap: CA$595.2m

Operates as a phosphate and specialty fertilizer company.

Union Bankshares

Market Cap: US$111.0m

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

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.

Pure Cycle

Market Cap: US$275.4m

Provides water and wastewater services in the United States.

First Bancorp

Market Cap: US$298.8m

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

Freetrailer Group

Market Cap: €804.4m

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

Central Forest Group

Market Cap: JP¥22.4b

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

First Northern Community Bancorp

Market Cap: US$212.0m

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.

ASA Gold and Precious Metals

Market Cap: US$1.3b

A publicly owned investment manager.

Southern Michigan Bancorp

Market Cap: US$113.3m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Seneca Foods

Market Cap: US$813.7m

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

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$26.6b

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E) was founded in 2018 and is based in Mexico.

NameSilo Technologies

Market Cap: US$108.1m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.