Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Ruentex Interior Design

Market Cap: NT$3.5b

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

Aesler Grup Internasional

Market Cap: Rp4.1t

Provides architectural and construction management services in Indonesia.

Cairo Amman Bank

Market Cap: د.أ306.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Viviana Power Tech

Market Cap: ₹9.6b

Engages in power transmission, distribution, and industrial engineering, procurement, and construction (EPC) space project businesses in India.

Rrp Semiconductor

Market Cap: ₹158.9b

Trades in electronic parts in India.

Chilanga Cement

Market Cap: K8.0b

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

Sopharma AD

Market Cap: лв1.4b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م37.1b

Produces and sells fertilizers.

Inmocemento

Market Cap: €1.6b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

FineMark Holdings

Market Cap: US$452.1m

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

FRMO

Market Cap: US$367.1m

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

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

Market Cap: ج.م22.5b

Provides various banking products and services in Egypt.

va-Q-tec

Market Cap: €392.2m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

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

Market Cap: ج.م22.5b

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.

Transcorp Power

Market Cap: ₦2.6t

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

Mangold Fondkommission

Market Cap: SEK 960.5m

Provides financial services to companies, institutions, and private individuals in Sweden.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł938.7m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Central Forest Group

Market Cap: JP¥21.3b

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

Lampsa Hellenic Hotels

Market Cap: €995.6m

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

A3 Mercados

Market Cap: AR$842.2b

Operates as a market for negotiable securities in Argentina and internationally.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.7b

A publicly owned investment manager.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 74.1b

Processes heavy bitumen crude in Africa.

GlaxoSmithKlineE

Market Cap: ج.م5.8b

Engages in production of pharmaceutical chemicals.

GB Holdings

Market Cap: US$54.7m

Provides rubber and chemical products in Zimbabwe.

Telekom Networks Malawi

Market Cap: MK 366.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Capricorn Group

Market Cap: R11.7b

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

Liburnia Riviera Hoteli d.d

Market Cap: €168.0m

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

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.

MCH Group

Market Cap: CHF 104.8m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Zambia Sugar

Market Cap: K20.7b

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