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.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

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

Market Cap: ج.م10.5b

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.

Misr Beni Suef CementE

Market Cap: ج.م5.2b

Produces and sells cement products in Egypt and internationally.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Capricorn Group

Market Cap: R10.8b

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

Solesence

Market Cap: US$174.6m

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

Pure Cycle

Market Cap: US$242.2m

Provides wholesale water and wastewater services in the United States.

Conoil

Market Cap: ₦229.8b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 65.5b

Processes heavy bitumen crude in Africa.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Itafos

Market Cap: CA$419.6m

Operates as a phosphate and specialty fertilizer company.

Procimmo Group

Market Cap: CHF 202.7m

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

First National Bank of Botswana

Market Cap: P13.1b

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

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.

Qudian

Market Cap: US$437.6m

Operates as a consumer-oriented technology company in the People’s Republic of China.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

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.

Castellana Properties Socimi

Market Cap: €893.4m

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

NSIA Banque Société Anonyme

Market Cap: XOF 202.7b

Provides various banking products and services.

Invest Bank

Market Cap: د.أ207.5m

Provides various banking and related financial services in Jordan.

Hua Na Hydropower

Market Cap: ₫5.9t

Engages in the electricity generation activities.

Bank of Africa Mali

Market Cap: XOF 72.6b

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

Reitar Logtech Holdings

Market Cap: US$244.8m

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

Teekay

Market Cap: US$591.5m

Provides crude oil marine transportation and other marine services worldwide.

FineMark Holdings

Market Cap: US$316.3m

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

Sociedad Matriz SAAM

Market Cap: CL$1.2t

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

First IC

Market Cap: US$156.4m

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States.

FRMO

Market Cap: US$377.3m

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

Biggeorge Property Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft50.1b

Operates as a property development company.

Quemchi

Market Cap: CL$95.2b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Central Cooperative Bank AD

Market Cap: лв199.6m

A commercial bank, provides various financial products and services.

Zambia Sugar

Market Cap: K12.7b

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