Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Hoshi Iryo-Sanki

Market Cap: JP¥16.7b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Namibia Breweries

Market Cap: R6.6b

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

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

HG Metal Manufacturing

Market Cap: S$170.3m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Cashmere Valley Bank

Market Cap: US$266.2m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

New Mauritius Hotels

Market Cap: MU₨7.4b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Union Bankshares

Market Cap: US$113.0m

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

Odas Elektrik Üretim Sanayi Ticaret

Market Cap: ₺9.6b

Produces and sells electricity by natural gas combined cycles in Turkey and internationally.

Chilanga Cement

Market Cap: K13.9b

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

Pasifik Holding

Market Cap: ₺31.8b

Through its subsidiaries, engages in providing diversified range of services in various sectors.

Affinity Bancshares

Market Cap: US$136.6m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

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

Market Cap: ج.م62.8b

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.م23.5b

Provides various banking products and services in Egypt.

Winchester Bancorp

Market Cap: US$120.5m

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

Anbio Biotechnology

Market Cap: US$1.2b

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

A3 Mercados

Market Cap: AR$744.6b

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

Tri-County Financial Group

Market Cap: US$127.5m

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.

Canal Shipping Agencies

Market Cap: ج.م9.1b

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

Banque Nationale Agricole Société anonyme

Market Cap: د.ت971.1m

Provides various banking products and services in Tunisia.

Security Federal

Market Cap: US$111.2m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 633.7b

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

HOMAG Group

Market Cap: €392.2m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

Nigerian Aviation Handling

Market Cap: ₦471.7b

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

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.

GROUPE SFPI

Market Cap: €170.1m

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

Oakworth Capital

Market Cap: US$187.0m

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

First Northern Community Bancorp

Market Cap: US$248.8m

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.

Marvipol Development

Market Cap: zł435.3m

Develops residential projects in Poland.

First National Bank of Botswana

Market Cap: P14.4b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Sopharma AD

Market Cap: €909.2m

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Telekom Networks Malawi

Market Cap: MK 347.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺13.6b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺17.9b

Operates as a guardrail supplier company in Turkey.

Cyprus Cement

Market Cap: €172.8m

Engages in the production and sale of cement and related businesses in Cyprus.