Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Vinacomin - Power Holding

Market Cap: ₫8.3t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Sound Financial Bancorp

Market Cap: US$115.5m

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

Nigerian Aviation Handling

Market Cap: ₦243.3b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Performance Technologies

Market Cap: €103.7m

Provides IT solutions in Greece.

Namibia Breweries

Market Cap: R6.0b

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

First Investment Bank AD

Market Cap: лв763.3m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Freetrailer Group

Market Cap: €695.8m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Valhi

Market Cap: US$408.1m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Oakworth Capital

Market Cap: US$161.7m

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

SBS Philippines

Market Cap: ₱7.0b

Engages in chemical trading and distribution in the Philippines.

Greenfire Resources

Market Cap: US$352.7m

Engages in the exploration, development, and operation of oil and gas properties in the Athabasca oil sands region of Alberta, Canada.

First Bancorp

Market Cap: US$283.4m

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

Dekpol

Market Cap: zł749.3m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.4b

Processes heavy bitumen crude in Africa.

Alantra Partners

Market Cap: €323.5m

Engages in the investment banking and asset management services in Spain and internationally.

Inmocemento

Market Cap: €1.6b

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

Soma Gold

Market Cap: CA$141.9m

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

Telematic Interactive Bulgaria EAD

Market Cap: лв276.6m

Offers online betting and gambling services.

Master Drilling Group

Market Cap: R2.3b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Deutsche Balaton

Market Cap: €236.0m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

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.

Cyprus Cement

Market Cap: €182.4m

Engages in the manufacturing and sale of cement and related business in Cyprus.

FineMark Holdings

Market Cap: US$444.1m

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

Bank of Africa Mali

Market Cap: XOF 119.5b

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

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł892.5m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Transnational Corporation of Nigeria

Market Cap: ₦489.3b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Evergent Investments

Market Cap: RON 2.1b

A publicly owned investment manager.

FRMO

Market Cap: US$378.6m

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

Sparta

Market Cap: €103.6m

A publicly owned investment manager.

Gulf Island Fabrication

Market Cap: US$124.1m

Operates as a fabricator of steel structures and modules in the United States.

Famous Brands

Market Cap: R5.5b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Acsion

Market Cap: R2.7b

Engages in property holding and development activities in South Africa and internationally.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺7.6b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.