Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

MAPFRE Middlesea

Market Cap: €145.4m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Soma Gold

Market Cap: CA$160.6m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

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.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Sopharma AD

Market Cap: €909.2m

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

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

Bank of the James Financial Group

Market Cap: US$105.4m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Empresas Lipigas

Market Cap: CL$930.1b

Provides energy solutions through the marketing, distribution, and sale of liquefied petroleum gas (LPG), natural gas (NG), liquefied natural gas (LNG), and electricity for residential, commercial, and industrial use in Chile, Colombia, Peru, and Ecuador.

Inversiones Doalca SOCIMI

Market Cap: €156.7m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

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.

Southern Michigan Bancorp

Market Cap: US$123.4m

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

First Northern Community Bancorp

Market Cap: US$259.5m

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.

NameSilo Technologies

Market Cap: US$122.4m

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

Bank of Africa Mali

Market Cap: XOF 128.2b

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

Fidelity Life Assurance of Zimbabwe

Market Cap: US$62.4m

Provides life and funeral assurance, asset management, actuarial consultancy and micro-financing services in Zimbabwe and Malawi.

Envirotainer

Market Cap: €392.2m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

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

Market Cap: ج.م62.3b

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.

A3 Mercados

Market Cap: AR$727.4b

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

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

Market Cap: ج.م23.2b

Provides various banking products and services in Egypt.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 625.5b

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

Oakworth Capital

Market Cap: US$187.8m

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

Telekom Networks Malawi

Market Cap: MK 345.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

High Templar Tech

Market Cap: US$377.3m

Operates as a consumer-oriented financial technology service company in the People’s Republic of China.

Steppe Gold

Market Cap: CA$354.0m

Engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru.

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.

Security Federal

Market Cap: US$111.4m

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

Canal Shipping Agencies

Market Cap: ج.م9.2b

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

Tri-County Financial Group

Market Cap: US$128.8m

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.

GB Holdings

Market Cap: US$64.1m

Produces rubber and chemical products in Zimbabwe.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$31.7b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Chilanga Cement

Market Cap: K14.0b

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

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.

Cashmere Valley Bank

Market Cap: US$256.6m

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

Affinity Bancshares

Market Cap: US$136.7m

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