Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

FineMark Holdings

Market Cap: US$474.3m

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

Epsilon Energy

Market Cap: US$120.8m

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.

Morris State Bancshares

Market Cap: US$266.3m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

A3 Mercados

Market Cap: AR$833.6b

Operates as a market for negotiable securities in Argentina and internationally.

Hemlo Mining

Market Cap: CA$1.8b

Engages in gold mining.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 430.0b

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

Grendene

Market Cap: R$4.9b

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

Y.D. More Investments

Market Cap: ₪3.9b

A privately owned Investment Manager.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.2b

Processes heavy bitumen crude in Africa.

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

Deutsche Balaton

Market Cap: €231.8m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Sparta

Market Cap: €124.3m

A publicly owned investment manager.

First Bancorp

Market Cap: US$308.2m

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

Pure Cycle

Market Cap: US$284.3m

Provides water and wastewater services in the United States.

Central Forest Group

Market Cap: JP¥21.9b

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

ANSA Merchant Bank

Market Cap: TT$2.6b

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

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.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$26.0b

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E) was founded in 2018 and is based in Mexico.

First Northern Community Bancorp

Market Cap: US$211.5m

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.

Union Bankshares

Market Cap: US$108.7m

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

Oakworth Capital

Market Cap: US$180.2m

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

Sound Financial Bancorp

Market Cap: US$113.7m

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

Payton Industries

Market Cap: ₪478.2m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

FRMO

Market Cap: US$335.5m

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

Gulf Insurance Group - Jordan

Market Cap: د.أ78.0m

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

Shangri-La Hotel

Market Cap: ฿5.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Seneca Foods

Market Cap: US$760.5m

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

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Telekom Networks Malawi

Market Cap: MK 363.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Lampsa Hellenic Hotels

Market Cap: €999.8m

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.8b

Produces and sells fertilizers.

Analyst I.M.S. Investment Management Services

Market Cap: ₪2.0b

A publicly owned investment manager.

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

Market Cap: ج.م27.6b

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

Chilanga Cement

Market Cap: K14.0b

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