Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Chilanga Cement

Market Cap: K8.0b

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

Freetrailer Group

Market Cap: €688.2m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Sopharma AD

Market Cap: лв1.4b

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

Telekom Networks Malawi

Market Cap: MK 366.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Zambia Sugar

Market Cap: K20.7b

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

Sociedad Matriz SAAM

Market Cap: CL$1.3t

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

Zona Franca de Iquique

Market Cap: CL$226.7b

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

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.

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.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.1b

Produces and sells fertilizers.

Namibia Breweries

Market Cap: R6.0b

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

Transcorp Power

Market Cap: ₦2.6t

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

GlaxoSmithKlineE

Market Cap: ج.م5.8b

Engages in production of pharmaceutical chemicals.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 406.5b

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

Corporación Financiera Colombiana

Market Cap: Col$6.6t

Operates as a private financial institution in Columbia and Central America.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

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.

GB Holdings

Market Cap: US$54.5m

Provides rubber and chemical products in Zimbabwe.

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

Market Cap: ج.م22.4b

Provides various banking products and services in Egypt.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 74.1b

Processes heavy bitumen crude in Africa.

Bank of Africa Mali

Market Cap: XOF 94.4b

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

ANSA Merchant Bank

Market Cap: TT$2.7b

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

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.

Gulf Island Fabrication

Market Cap: US$128.3m

Operates as a fabricator of steel structures and modules in the United States.

Liburnia Riviera Hoteli d.d

Market Cap: €174.0m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

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

Southern Michigan Bancorp

Market Cap: US$111.0m

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.

Franklin Financial Services

Market Cap: US$203.3m

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.

Procimmo Group

Market Cap: CHF 369.4m

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

Solesence

Market Cap: US$227.7m

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

FineMark Holdings

Market Cap: US$439.2m

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$112.7m

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

A3 Mercados

Market Cap: AR$784.6b

Operates as a market for negotiable securities in Argentina 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.