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.

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

Invests in, operates, and manages duty-free shops.

SHL Consolidated Bhd

Market Cap: RM 523.0m

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

Castellana Properties Socimi

Market Cap: €893.4m

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

Sociedad Matriz SAAM

Market Cap: CL$1.1t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 64.7b

Processes heavy bitumen crude in Africa.

Omega Flex

Market Cap: US$307.2m

Manufactures and sells flexible metal hoses, fittings, and accessories in the United States, Canada, and internationally.

Conoil

Market Cap: ₦229.8b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Oakworth Capital

Market Cap: US$152.2m

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

MAPFRE Middlesea

Market Cap: €131.6m

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

SALUS Ljubljana d. d

Market Cap: €242.4m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Transnational Corporation of Nigeria

Market Cap: ₦421.7b

Together with the subsidiaries, engages in the hospitality, power, agro-allied, and oil and gas businesses in Nigeria.

Central Cooperative Bank AD

Market Cap: лв199.6m

A commercial bank, provides various financial products and services.

Hua Na Hydropower

Market Cap: ₫5.8t

Engages in the electricity generation activities.

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.

Anbio Biotechnology

Market Cap: US$280.0m

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

First National Bank of Botswana

Market Cap: P13.0b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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

Flügger group

Market Cap: DKK 935.6m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Sugar Terminals

Market Cap: AU$363.6m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Industrias del Cobre Sociedad Anónima

Market Cap: S/818.8m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/714.3m

Engages distribution of electricity in Peru.

Marítima de Inversiones

Market Cap: CL$256.2b

Maritima de Inversiones SA is a publicly owned investment manager.

Grendene

Market Cap: R$4.9b

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

Jadranski naftovod d.d

Market Cap: €775.9m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Watt's

Market Cap: CL$234.5b

Manufactures and sells food products in Chile.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Capricorn Group

Market Cap: R10.8b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Zambia Sugar

Market Cap: K12.2b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou

Market Cap: CN¥6.4b

Manufactures and sells cleaning products in China.

YAPP Automotive Systems

Market Cap: CN¥7.8b

Engages in the research and development, manufacturing, and sale and service of energy storage system products and thermal management system products.