Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Gulf Insurance Group - Jordan

Market Cap: د.أ81.4m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Empresas Lipigas

Market Cap: CL$957.8b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Onix Solar Energy

Market Cap: ₹18.0b

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

Bank of Africa Mali

Market Cap: XOF 129.2b

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

Procimmo Group

Market Cap: CHF 378.4m

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

Canal Shipping Agencies

Market Cap: ج.م8.8b

Provides various shipping services to the international commercial fleet in Egypt.

Pure Cycle

Market Cap: US$242.8m

Provides water and wastewater services in the United States.

Sound Financial Bancorp

Market Cap: US$105.7m

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

Central Forest Group

Market Cap: JP¥22.9b

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

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.

Nigerian Aviation Handling

Market Cap: ₦319.5b

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

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

Market Cap: ج.م24.8b

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.م22.7b

Provides various banking products and services in Egypt.

Telekom Networks Malawi

Market Cap: MK 357.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Union Bankshares

Market Cap: US$107.9m

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

NameSilo Technologies

Market Cap: US$126.5m

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.1b

Produces and sells fertilizers.

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.

Namibia Breweries

Market Cap: R6.3b

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

ASA Gold and Precious Metals

Market Cap: US$1.4b

A publicly owned investment manager.

Master Drilling Group

Market Cap: R2.6b

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.

FRoSTA

Market Cap: €658.1m

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

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.

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.

Affinity Bancshares

Market Cap: US$119.5m

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

Grendene

Market Cap: R$4.1b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

First Bancorp

Market Cap: US$312.2m

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

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.

Seneca Foods

Market Cap: US$960.0m

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

Security Federal

Market Cap: US$112.5m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

New Peoples Bankshares

Market Cap: US$101.8m

Operates as a financial holding company for New Peoples Bank, Inc.

Oakworth Capital

Market Cap: US$193.4m

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

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.