Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Jordanian Duty Free Shops

Market Cap: د.أ155.0m

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

Practic

Market Cap: RON 700.9m

Engages in the lease and sublease of real estate properties in Romania.

Senstar Technologies

Market Cap: US$103.0m

Provides physical, video, and access control security products and solutions worldwide.

GB Holdings

Market Cap: US$54.5m

Provides rubber and chemical products in Zimbabwe.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

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

Market Cap: ج.م20.6b

Provides various banking products and services in Egypt.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م34.0b

Produces and sells fertilizers.

Telekom Networks Malawi

Market Cap: MK 367.8b

Provides telecommunication services to enterprises and individual customers in Malawi.

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 320.2b

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

Sociedad Matriz SAAM

Market Cap: CL$1.2t

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

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Lampsa Hellenic Hotels

Market Cap: €846.0m

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

PINAGO UTAMA

Market Cap: Rp2.5t

Engages in the oil palm and rubber plantation business in Indonesia.

Standard Bank

Market Cap: MK 1.3t

Provides banking and other related services in Malawi.

Tri-County Financial Group

Market Cap: US$111.6m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Jadranski naftovod d.d

Market Cap: €816.2m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Sparta

Market Cap: €103.6m

A publicly owned investment manager.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$25.5b

n/a

Gulf Insurance Group - Jordan

Market Cap: د.أ85.3m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Zambia Sugar

Market Cap: K20.6b

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

Southern Michigan Bancorp

Market Cap: US$115.3m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Procimmo Group

Market Cap: CHF 369.4m

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Chilanga Cement

Market Cap: K7.7b

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

Capricorn Group

Market Cap: R11.6b

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

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥3.0b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Hermes Transportes Blindados

Market Cap: S/719.8m

Provides money and securities transfer, custody and processing, and document transfer services in Peru.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹76.6b

Produces and sells fertilizers and chemicals in India.

Poly Plastic Masterbatch (SuZhou)Ltd

Market Cap: CN¥6.0b

Engages in the research and development, production, and sale of chemical fiber solution colorings and advanced functional modified materials in China and internationally.