Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺3.9b

Manufactures and sells heavy machinery and equipment.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 233.7b

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

NSIA Banque Société Anonyme

Market Cap: XOF 202.6b

Provides various banking products and services.

Bank of Africa Mali

Market Cap: XOF 73.7b

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

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺9.8b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Ege Endüstri ve Ticaret

Market Cap: ₺28.3b

Develops, manufactures, and sells axle and suspension system components for commercial vehicles and special vehicle applications in Turkey and internationally.

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺6.6b

A real estate investment trust.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺27.7b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

East West Banking

Market Cap: ₱23.4b

Operates as a commercial bank that provides a range of financial products and services to individual and corporate clients in the Philippines and internationally.

Philippine Savings Bank

Market Cap: ₱25.2b

Primarily engages in savings and mortgage banking activities in the Philippines.

Kerevitas Gida Sanayi ve Ticaret

Market Cap: ₺10.7b

Produces and trades in frozen and canned products in Turkey.

Procimmo Group

Market Cap: CHF 220.7m

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

MIA Teknoloji Anonim Sirketi

Market Cap: ₺19.6b

Provides software development services to public and private organizations in Turkey.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.8b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺19.7b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

SHL Consolidated Bhd

Market Cap: RM 523.0m

An investment holding company, engages in the development of integrated commercial and residential properties in Malaysia.

Solesence

Market Cap: US$157.0m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Castellana Properties Socimi

Market Cap: €893.4m

As of December 20, 2016, Castellana Properties Socimi, S.A.

La Forestière Equatoriale

Market Cap: €139.2m

Does not have any significant operations.

Dekpol

Market Cap: zł434.9m

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

Linc

Market Cap: SEK 3.8b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

Wema Bank

Market Cap: ₦256.1b

Provides banking and other financial services to corporate and individual customers in Nigeria.

FineMark Holdings

Market Cap: US$315.7m

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

Maistra d.d

Market Cap: €505.6m

Engages in the hotel business in Croatia.

Viohalco

Market Cap: €1.4b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

Nederman Holding

Market Cap: SEK 6.2b

Operates as an environmental technology company.

Pure Cycle

Market Cap: US$239.8m

Provides wholesale water and wastewater services in the United States.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €101.3m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

FRMO

Market Cap: US$357.0m

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

Telematic Interactive Bulgaria EAD

Market Cap: лв281.8m

Offers online betting and gambling services.

Teekay

Market Cap: US$554.7m

Provides crude oil marine transportation and other marine services worldwide.

Transcorp Power

Market Cap: ₦2.7t

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

Ellaktor

Market Cap: €482.2m

Through its subsidiaries, operates as an infrastructure company in Greece, other European countries, Gulf countries, and the Americas.