Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cigniti Technologies

Market Cap: ₹32.5b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

Cairo Poultry CompanyE

Market Cap: ج.م18.2b

Operates as an integrated poultry company in Egypt.

Transnational

Market Cap: ₦485.2b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Telekom Networks Malawi

Market Cap: MK 344.5b

Provides telecommunication services to enterprises and individual customers in Malawi.

Inversiones Doalca SOCIMI

Market Cap: €155.4m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

ANSA Merchant Bank

Market Cap: TT$2.5b

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

MAPFRE Middlesea

Market Cap: €125.1m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Empresas Lipigas

Market Cap: CL$924.5b

Provides energy solutions through the marketing, distribution, and sale of liquefied petroleum gas (LPG), natural gas (NG), liquefied natural gas (LNG), and electricity for residential, commercial, and industrial use in Chile, Colombia, Peru, and Ecuador.

Tethys Petroleum

Market Cap: CA$156.2m

Engages in the acquisition, exploration, and development of crude oil and natural gas fields in Kazakhstan.

HOMAG Group

Market Cap: €392.2m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

Cairo Amman Bank

Market Cap: د.أ288.0m

Provides various banking and financial services for corporate and institutional customers.

First National Bank of Botswana

Market Cap: P14.5b

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

New Mauritius Hotels

Market Cap: MU₨7.7b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Watt's

Market Cap: CL$236.1b

Manufactures and sells food products in Chile, Argentina, Peru, and internationally.

Shahjalal Islami Bank

Market Cap: ৳17.8b

Provides commercial banking products and services in Bangladesh.

National Credit and Commerce Bank

Market Cap: ৳16.9b

Provides various commercial banking products and services in Bangladesh.

Vivo Energy Mauritius

Market Cap: MU₨13.1b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Nigerian Aviation Handling

Market Cap: ₦429.9b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Dutch-Bangla Bank

Market Cap: ৳39.6b

Provides various commercial banking products and services to corporate, retail, and institutional customers in Bangladesh.

Padma Oil

Market Cap: ৳17.4b

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

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$32.1b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

First Bancorp

Market Cap: US$322.3m

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

Ouro Fino Saúde Animal Participações

Market Cap: R$1.8b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.

La Positiva Seguros y Reaseguros

Market Cap: S/604.5m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Quemchi

Market Cap: CL$95.2b

Quemchi, S.A. engages in maritime transport, cargo and shipping services, and investments businesses.

Procimmo Group

Market Cap: CHF 436.9m

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

NameSilo Technologies

Market Cap: US$106.2m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Bank of Africa Mali

Market Cap: XOF 137.0b

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

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Hermes Transportes Blindados

Market Cap: S/754.7m

Provides money and securities transfer, custody and processing, and document transfer services in Peru.

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

Compañía Electro Metalúrgica

Market Cap: CL$700.8b

Provides solutions for the mining industry in Chile, Argentina, China, the United States, Peru, and South Africa.

Marítima de Inversiones

Market Cap: CL$277.9b

Maritima de Inversiones SA is a publicly owned investment manager.