Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Practic

Market Cap: RON 950.3m

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

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.

Bonraybio

Market Cap: NT$4.2b

A development stage company, manufactures medical instruments and solutions for the male infertility market.

Joyce

Market Cap: AU$157.9m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

Empresas Lipigas

Market Cap: CL$954.2b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

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.

First National Bank of Botswana

Market Cap: P13.9b

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

Bank of Africa Mali

Market Cap: XOF 119.3b

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

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.

Canal Shipping Agencies

Market Cap: ج.م9.8b

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

FRoSTA

Market Cap: €659.5m

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

Central Forest Group

Market Cap: JP¥22.2b

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

Telekom Networks Malawi

Market Cap: MK 360.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Chilanga Cement

Market Cap: K17.0b

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

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

Market Cap: ج.م25.5b

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.م22.3b

Provides various banking products and services in Egypt.

Smart Organic AD

Market Cap: €190.5m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Onix Solar Energy

Market Cap: ₹14.6b

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

Padma Oil

Market Cap: ৳16.9b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 84.1b

Processes heavy bitumen crude in Africa.

Sopharma AD

Market Cap: €950.2m

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

GB Holdings

Market Cap: US$54.7m

Produces rubber and chemical products in Zimbabwe.

SalfaCorp

Market Cap: CL$802.9b

Engages in engineering, construction, and real estate businesses in Chile and internationally.

Standard Bank

Market Cap: MK 998.0b

Provides banking and other related services in Malawi.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.8b

Produces and sells fertilizers.

Cashmere Valley Bank

Market Cap: US$254.9m

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

Grendene

Market Cap: R$4.5b

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

Southern Michigan Bancorp

Market Cap: US$115.1m

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

Epsilon Energy

Market Cap: US$142.9m

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.

Sound Financial Bancorp

Market Cap: US$112.3m

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

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Itafos

Market Cap: CA$560.4m

Operates as a phosphate and specialty fertilizer company.