Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

GTS Internasional

Market Cap: Rp4.6t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.8b

Produces and sells fertilizers.

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

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

Canal Shipping Agencies

Market Cap: ج.م10.4b

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Zambia Sugar

Market Cap: K21.0b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

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

Market Cap: ج.م27.6b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Chilanga Cement

Market Cap: K12.8b

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

Payton Industries

Market Cap: ₪478.2m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Analyst I.M.S. Investment Management Services

Market Cap: ₪2.0b

A publicly owned investment manager.

Telekom Networks Malawi

Market Cap: MK 363.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Oakworth Capital

Market Cap: US$180.0m

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

Pure Cycle

Market Cap: US$286.7m

Provides water and wastewater services in the United States.

FRMO

Market Cap: US$332.8m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

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.

ANSA Merchant Bank

Market Cap: TT$2.6b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 461.0b

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

Y.D. More Investments

Market Cap: ₪3.9b

A privately owned Investment Manager.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Bank of Africa Mali

Market Cap: XOF 114.5b

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

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Lampsa Hellenic Hotels

Market Cap: €999.8m

Operates and manages hotels in Greece, Cyprus, and Serbia.

Terminal X Online

Market Cap: ₪747.9m

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

Amir Marketing and Investments in Agriculture

Market Cap: ₪426.0m

Supplies and markets agricultural inputs in Israel.

C. Mer Industries

Market Cap: ₪405.7m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Mendelson Infrastructures & Industries

Market Cap: ₪612.1m

Engages in the supply of conduction and flow products in Israel.

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

Market Cap: ج.م22.4b

Provides various banking products and services in Egypt.

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

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

Epsilon Energy

Market Cap: US$120.3m

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.

Grendene

Market Cap: R$4.9b

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

FineMark Holdings

Market Cap: US$472.8m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

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.

Union Bankshares

Market Cap: US$106.4m

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