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.

National Credit and Commerce Bank

Market Cap: ৳12.8b

Provides various commercial banking services in Bangladesh.

Billion Industrial Holdings

Market Cap: HK$9.7b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Practic

Market Cap: RON 567.2m

Engages in the lease and sublease of real estate properties in Romania.

Soft-World International

Market Cap: NT$16.8b

Develops, operates, and distributes games in Taiwan and China.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك39.6m

A private equity firm specializing in direct and fund investments.

Invest Bank

Market Cap: د.أ198.8m

Provides various banking and related financial services in Jordan.

Cystech Electronics

Market Cap: NT$3.1b

Designs, develops, manufactures, and supplies power devices for the computing, consumer electronics, communication, and industrial markets worldwide.

Synmosa Biopharma

Market Cap: NT$15.0b

A specialty pharmaceutical company, researches, develops, manufactures, markets, and distributes pharmaceutical and healthcare products under the Synmosa brand name in Taiwan.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Kenturn Nano. Tec

Market Cap: NT$3.2b

Engages in the design, manufacture, fabrication, and marketing of machine tool spindles in Taiwan and China.

Gallant Precision Machining

Market Cap: NT$11.6b

Engages in the research and development, production, manufacture, and sale of flat panel display testing, semiconductor assembly, and intelligent automation equipment in Taiwan, China, and internationally.

MAPFRE Middlesea

Market Cap: €133.4m

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

Co-Tech Development

Market Cap: NT$13.1b

Engages in the production and sale of copper foil for printed circuit board industry in Taiwan and China.

Ha Giang Mineral Mechanics

Market Cap: ₫4.0t

Explores, extracts, and process mineral ores in Vietnam and internationally.

Zona Franca de Iquique

Market Cap: CL$206.3b

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

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺5.4b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Lavipharm

Market Cap: €138.2m

Engages in the research, development, manufacture, import, marketing, sale, and wholesale of pharmaceutical, cosmetics, and healthcare products to physicians and pharmacists in Greece and internationally.

FRMO

Market Cap: US$356.6m

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

Castellana Properties Socimi

Market Cap: €893.4m

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

Pure Cycle

Market Cap: US$249.4m

Provides wholesale water and wastewater services in the United States.

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.

Conoil

Market Cap: ₦229.8b

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

Innovex International

Market Cap: US$1.0b

Designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide.

Linc

Market Cap: SEK 4.0b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

Polyram Plastic Industries

Market Cap: ₪1.1b

Manufactures and supplies thermoplastic compounds in Israel and internationally.

Chilanga Cement

Market Cap: K5.6b

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

MIA Teknoloji Anonim Sirketi

Market Cap: ₺17.9b

Provides software development services to public and private organizations in Turkey.

Sun

Market Cap: MU₨6.2b

Operates in the tourism sector.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.1b

A publicly owned investment manager.

Payton Industries

Market Cap: ₪511.8m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

C. Mer Industries

Market Cap: ₪393.3m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Malam - Team

Market Cap: ₪1.7b

Provides information technology services in Israel.

Terminal X Online

Market Cap: ₪567.6m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Rotshtein Realestate

Market Cap: ₪1.3b

Develops and constructs residential projects in Israel.

Libra Insurance

Market Cap: ₪656.0m

Engages in the general insurance business in Israel.