Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Canal Shipping Agencies

Market Cap: ج.م10.0b

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Telekom Networks Malawi

Market Cap: MK 360.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Standard Bank

Market Cap: MK 998.0b

Provides banking and other related services in Malawi.

Sparta

Market Cap: €141.9m

A publicly owned investment manager.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.3b

Produces and sells fertilizers.

Bank of Africa Mali

Market Cap: XOF 119.5b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 84.2b

Processes heavy bitumen crude in Africa.

Chilanga Cement

Market Cap: K16.8b

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

Central Forest Group

Market Cap: JP¥22.2b

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

Jadranski naftovod d.d

Market Cap: €786.0m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 460.9b

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

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

Market Cap: ج.م22.3b

Provides various banking products and services in Egypt.

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

Market Cap: ج.م25.3b

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.

First Bancorp

Market Cap: US$326.8m

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

Winchester Bancorp

Market Cap: US$110.0m

Focuses on operating as the bank holding company for Winchester Savings Bank, which provides banking products and services in Massachusetts.

Union Bankshares

Market Cap: US$114.7m

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

Namibia Breweries

Market Cap: R6.2b

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

Oakworth Capital

Market Cap: US$191.9m

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

Practic

Market Cap: RON 950.3m

Engages in the lease and sublease of real estate properties in Romania.

Franklin Financial Services

Market Cap: US$213.7m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

FRoSTA

Market Cap: €666.3m

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

Grendene

Market Cap: R$4.4b

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

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

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

Oxford Bank

Market Cap: US$105.6m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Morris State Bancshares

Market Cap: US$272.6m

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

Epsilon Energy

Market Cap: US$139.3m

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.

Security Federal

Market Cap: US$105.7m

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

Procimmo Group

Market Cap: CHF 373.9m

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/833.7m

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

Onix Solar Energy

Market Cap: ₹14.6b

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

Tri-County Financial Group

Market Cap: US$119.7m

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.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Surya Citra Media

Market Cap: Rp15.1t

Provides multimedia services in Indonesia.