Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Chilanga Cement

Market Cap: K16.1b

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

Soma Gold

Market Cap: CA$247.8m

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

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Telekom Networks Malawi

Market Cap: MK 357.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

Kingstone Companies

Market Cap: US$221.3m

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

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 102.9b

Processes heavy bitumen crude in Africa.

New Mauritius Hotels

Market Cap: MU₨7.2b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Epsilon Energy

Market Cap: US$166.5m

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.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

First Bancorp

Market Cap: US$310.0m

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

Winchester Bancorp

Market Cap: US$119.6m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 631.8b

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

FRoSTA

Market Cap: €647.2m

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

ASA Gold and Precious Metals

Market Cap: US$1.3b

A publicly owned investment manager.

Onix Solar Energy

Market Cap: ₹14.7b

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

Seneca Foods

Market Cap: US$948.4m

Provides packaged fruits and vegetables in the United States and internationally.

Bank of Africa Mali

Market Cap: XOF 127.8b

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

First Northern Community Bancorp

Market Cap: US$229.1m

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.

Vivo Energy Mauritius

Market Cap: MU₨13.1b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

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

Market Cap: ج.م24.6b

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

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

Market Cap: ج.م22.3b

Provides various banking products and services in Egypt.

Union Bankshares

Market Cap: US$110.0m

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

Central Forest Group

Market Cap: JP¥22.8b

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

Acsion

Market Cap: R4.6b

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

GROUPE SFPI

Market Cap: €147.5m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

Procimmo Group

Market Cap: CHF 378.4m

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

NameSilo Technologies

Market Cap: US$124.8m

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

Affinity Bancshares

Market Cap: US$118.9m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م30.7b

Produces and sells fertilizers.

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.