Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Intellego Technologies

Market Cap: SEK 1.6b

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

Onix Solar Energy

Market Cap: ₹14.9b

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

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Practic

Market Cap: RON 825.6m

Engages in the lease and sublease of real estate properties in Romania.

Telekom Networks Malawi

Market Cap: MK 360.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Central Forest Group

Market Cap: JP¥22.4b

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

FRoSTA

Market Cap: €654.0m

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

Bank of Africa Mali

Market Cap: XOF 120.8b

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

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 378.4m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 559.7b

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

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.

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

Market Cap: ج.م23.1b

Provides various banking products and services in Egypt.

Jadranski naftovod d.d

Market Cap: €780.9m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 99.2b

Processes heavy bitumen crude in Africa.

Chilanga Cement

Market Cap: K16.2b

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

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

Invests in, operates, and manages duty-free shops.

Standard Bank

Market Cap: MK 996.1b

Provides banking and other related services in Malawi.

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.

Sparta

Market Cap: €136.9m

A publicly owned investment manager.

Canal Shipping Agencies

Market Cap: ج.م9.1b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م30.4b

Produces and sells fertilizers.

Union Bankshares

Market Cap: US$110.4m

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

Winchester Bancorp

Market Cap: US$122.3m

Operates as a bank holding company for Winchester Savings Bank that provides banking products and services in the United States.

First Northern Community Bancorp

Market Cap: US$230.0m

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.

Kingstone Companies

Market Cap: US$221.8m

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

Tri-County Financial Group

Market Cap: US$121.1m

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.

NameSilo Technologies

Market Cap: US$130.6m

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

ASA Gold and Precious Metals

Market Cap: US$1.3b

A publicly owned investment manager.

Epsilon Energy

Market Cap: US$147.4m

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.

Soma Gold

Market Cap: CA$249.0m

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

Pure Cycle

Market Cap: US$257.5m

Provides water and wastewater services in the United States.

Cashmere Valley Bank

Market Cap: US$257.6m

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

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.