Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

Invests in, operates, and manages duty-free shops.

SHL Consolidated Bhd

Market Cap: RM 523.0m

An investment holding company, engages in the development of integrated commercial and residential properties in Malaysia.

Reitar Logtech Holdings

Market Cap: US$251.0m

Through its subsidiaries, provides construction management and engineering design services.

Sociedad Matriz SAAM

Market Cap: CL$1.1t

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

Solesence

Market Cap: US$159.8m

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

La Forestière Equatoriale

Market Cap: €139.2m

Does not have any significant operations.

Castellana Properties Socimi

Market Cap: €893.4m

As of December 20, 2016, Castellana Properties Socimi, S.A.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 64.7b

Processes heavy bitumen crude in Africa.

Transcorp Power

Market Cap: ₦2.7t

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

Omega Flex

Market Cap: US$307.2m

Manufactures and sells flexible metal hoses, fittings, and accessories in the United States, Canada, and internationally.

Oakworth Capital

Market Cap: US$152.2m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Bank of Africa Mali

Market Cap: XOF 73.7b

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

Pure Cycle

Market Cap: US$241.0m

Provides wholesale water and wastewater services in the United States.

Central Cooperative Bank AD

Market Cap: лв199.6m

A commercial bank, provides various financial products and services.

Transnational Corporation of Nigeria

Market Cap: ₦421.7b

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

Teekay

Market Cap: US$525.5m

Provides crude oil marine transportation and other marine services worldwide.

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

Market Cap: ج.م8.1b

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.

Hua Na Hydropower

Market Cap: ₫5.8t

Engages in the electricity generation activities.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 233.7b

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

NSIA Banque Société Anonyme

Market Cap: XOF 202.6b

Provides various banking products and services.

Anbio Biotechnology

Market Cap: US$280.0m

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

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: P13.0b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Flügger group

Market Cap: DKK 935.6m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Conoil

Market Cap: ₦229.8b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Morris State Bancshares

Market Cap: US$212.9m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

SALUS Ljubljana d. d

Market Cap: €242.4m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

MAPFRE Middlesea

Market Cap: €131.6m

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

FRMO

Market Cap: US$364.9m

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

Itafos

Market Cap: CA$413.8m

Operates as a phosphate and specialty fertilizer company.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Capricorn Group

Market Cap: R10.8b

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

Zambia Sugar

Market Cap: K12.2b

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

Jadranski naftovod d.d

Market Cap: €775.9m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.