Bulgarian Undiscovered Gems With Strong Fundamentals

First Investment Bank AD

Market Cap: лв778.2m

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

Central Cooperative Bank AD

Market Cap: лв221.2m

A commercial bank, provides various financial products and services.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Toplofikatsia-Ruse AD

Market Cap: лв226.8m

Produces and sells electricity and thermal energy in Bulgaria.

Sopharma Trading AD

Market Cap: лв193.7m

Engages in the wholesale and retail trade of medicinal products for the pharmaceutical sector in Bulgaria and Serbia.

Sopharma Properties REIT

Market Cap: лв186.6m

n/a

Chimimport AD

Market Cap: лв168.7m

Engages in the acquisition, management, and sale of shares in Bulgarian and foreign companies.

Shelly Group

Market Cap: €984.2m

Engages in development, production, and sale of internet of things devices.