Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

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.

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.

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.

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.

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.

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.

Morris State Bancshares

Market Cap: US$287.2m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Oakworth Capital

Market Cap: US$196.0m

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

Grendene

Market Cap: R$4.5b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Soma Gold

Market Cap: CA$250.1m

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

Affinity Bancshares

Market Cap: US$125.8m

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

Sound Financial Bancorp

Market Cap: US$113.2m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

First Northern Community Bancorp

Market Cap: US$224.2m

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.

Pure Cycle

Market Cap: US$264.5m

Provides water and wastewater services in the United States.

Epsilon Energy

Market Cap: US$141.7m

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.

Itafos

Market Cap: CA$599.0m

Operates as a phosphate and specialty fertilizer company.

Southern Michigan Bancorp

Market Cap: US$117.0m

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.

Franklin Financial Services

Market Cap: US$214.9m

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.

Kingstone Companies

Market Cap: US$227.6m

Through its subsidiary, Kingstone Insurance Company ("KICO"), provides property and casualty insurance products in the United States.

Oxford Bank

Market Cap: US$104.0m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Tri-County Financial Group

Market Cap: US$120.8m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Guardian Capital Group

Market Cap: CA$1.6b

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, and internationally.