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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 66.3b

Processes heavy bitumen crude in Africa.

Omega Flex

Market Cap: US$332.9m

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

Conoil

Market Cap: ₦229.8b

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

ASA Gold and Precious Metals

Market Cap: US$476.7m

A publicly owned investment manager.

Oakworth Capital

Market Cap: US$159.3m

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

Maistra d.d

Market Cap: €503.4m

Engages in the hotel business in Croatia.

Standard Bank

Market Cap: MK 2.1t

Provides banking and other related services in Malawi.

Central Cooperative Bank AD

Market Cap: лв192.0m

A commercial bank, provides various financial products and services.

Bank of Africa Mali

Market Cap: XOF 65.9b

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

La Forestière Equatoriale

Market Cap: €139.2m

Does not have any significant operations.

Cashmere Valley Bank

Market Cap: US$227.5m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Marítima de Inversiones

Market Cap: CL$277.3b

Maritima de Inversiones SA is a publicly owned investment manager.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 237.0b

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

Procimmo Group

Market Cap: CHF 247.7m

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

Chilanga Cement

Market Cap: K5.6b

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

Castellana Properties Socimi

Market Cap: €796.0m

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

NSIA Banque Société Anonyme

Market Cap: XOF 202.8b

Provides various banking products and services.

Transcorp Power

Market Cap: ₦2.7t

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

SALUS Ljubljana d. d

Market Cap: €238.1m

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

Anbio Biotechnology

Market Cap: US$316.9m

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

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

Market Cap: ج.م8.0b

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.

Nanophase Technologies

Market Cap: US$122.7m

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

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Morris State Bancshares

Market Cap: US$222.5m

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Grendene

Market Cap: R$5.0b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Zona Franca de Iquique

Market Cap: CL$197.8b

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

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.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/776.5m

Engages distribution of electricity in Peru.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

FRoSTA

Market Cap: €525.9m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Watt's

Market Cap: CL$232.7b

Manufactures and sells food products in Chile.