Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

TSTE

Market Cap: ฿4.1b

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

Telekom Networks Malawi

Market Cap: MK 366.5b

Provides telecommunication services to enterprises and individual customers in Malawi.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł932.7m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

GlaxoSmithKlineE

Market Cap: ج.م6.0b

Engages in production of pharmaceutical chemicals.

First Bancorp

Market Cap: US$283.3m

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

FineMark Holdings

Market Cap: US$442.3m

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

A3 Mercados

Market Cap: AR$760.0b

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

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

Market Cap: ج.م20.9b

Provides various banking products and services in Egypt.

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

Market Cap: ج.م17.9b

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.

Chilanga Cement

Market Cap: K7.9b

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

FRMO

Market Cap: US$366.7m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Affinity Bancshares

Market Cap: US$118.2m

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

SALUS Ljubljana d. d

Market Cap: €409.3m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

First Northern Community Bancorp

Market Cap: US$204.4m

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.

Alantra Partners

Market Cap: €332.6m

Engages in the investment banking and asset management services in Spain and internationally.

Practic

Market Cap: RON 712.8m

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

Inmocemento

Market Cap: €1.6b

Through its subsidiaries, engages in the real estate and cement businesses.

Soma Gold

Market Cap: CA$151.3m

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.1b

Produces and sells fertilizers.

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.

Dekpol

Market Cap: zł761.0m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Deutsche Balaton

Market Cap: €225.5m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

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.

Sopharma AD

Market Cap: лв1.4b

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

Franklin Financial Services

Market Cap: US$208.5m

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.

Transcorp Power

Market Cap: ₦2.6t

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

GB Holdings

Market Cap: US$54.5m

Provides rubber and chemical products in Zimbabwe.

Senstar Technologies

Market Cap: US$112.2m

Provides physical, video, and access control security products and solutions worldwide.

Sound Financial Bancorp

Market Cap: US$113.6m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 304.5b

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

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

va-Q-tec

Market Cap: €401.0m

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

MCH Group

Market Cap: CHF 109.4m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

ANSA Merchant Bank

Market Cap: TT$2.7b

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