Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

National General Insurance (P.J.S.C.)

Market Cap: د.إ976.5m

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

TSTE

Market Cap: ฿4.0b

Primarily engages in the production and distribution of wheat flour in Thailand.

Chilanga Cement

Market Cap: K8.0b

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

Zambia Sugar

Market Cap: K20.7b

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

Telekom Networks Malawi

Market Cap: MK 366.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Acsion

Market Cap: R3.1b

Engages in property holding and development activities in South Africa and internationally.

Capricorn Group

Market Cap: R11.7b

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

Lampsa Hellenic Hotels

Market Cap: €982.7m

Operates and manages hotels in Greece, Cyprus, and Serbia.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Bank of Africa Mali

Market Cap: XOF 98.8b

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

Sopharma AD

Market Cap: лв1.4b

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

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.

Transcorp Power

Market Cap: ₦2.6t

Engages in the generation and sale of electric power in Nigeria and internationally.

GlaxoSmithKlineE

Market Cap: ج.م5.7b

Engages in production of pharmaceutical chemicals.

Zona Franca de Iquique

Market Cap: CL$231.0b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 411.5b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 74.1b

Processes heavy bitumen crude in Africa.

GB Holdings

Market Cap: US$54.5m

Provides rubber and chemical products in Zimbabwe.

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.

ANSA Merchant Bank

Market Cap: TT$2.7b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.5b

Produces and sells fertilizers.

Hangzhou Hirisun Technology

Market Cap: CN¥5.0b

Engages in power information system integration business in China.

Namibia Breweries

Market Cap: R6.0b

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

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

Market Cap: ج.م18.2b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

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

Market Cap: ج.م23.9b

Provides various banking products and services in Egypt.

Itafos

Market Cap: CA$645.4m

Operates as a phosphate and specialty fertilizer company.

Valhi

Market Cap: US$356.9m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Tri-County Financial Group

Market Cap: US$113.4m

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.

Solesence

Market Cap: US$223.4m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

FineMark Holdings

Market Cap: US$448.4m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Sound Financial Bancorp

Market Cap: US$111.6m

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

Grendene

Market Cap: R$4.7b

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

Affinity Bancshares

Market Cap: US$116.2m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Metalpha Technology Holding

Market Cap: US$106.7m

Provides wealth management services in Hong Kong.

Franklin Financial Services

Market Cap: US$204.2m

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.