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.

Shangri-La Hotel

Market Cap: ฿5.9b

Operates hotels in Bangkok and Chiang Mai provinces.

An Cuong Wood - Working

Market Cap: ₫5.4t

Manufactures and trades in wooden household products, industrial wooden items, artificial boards, interior decoration products, kitchen equipment, and other wooden related products in Vietnam and internationally.

Central Forest Group

Market Cap: JP¥23.1b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 65.8b

Processes heavy bitumen crude in Africa.

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.

Chilanga Cement

Market Cap: K5.6b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 227.2b

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

Formula Systems (1985)

Market Cap: ₪4.9b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.1b

A publicly owned investment manager.

Payton Industries

Market Cap: ₪514.8m

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.

Terminal X Online

Market Cap: ₪593.1m

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

NSIA Banque Société Anonyme

Market Cap: XOF 202.8b

Provides various banking products and services.

Marítima de Inversiones

Market Cap: CL$261.7b

Maritima de Inversiones SA is a publicly owned investment manager.

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.

Amir Marketing and Investments in Agriculture

Market Cap: ₪416.5m

Supplies and markets agricultural inputs in Israel.

Aura Investments

Market Cap: ₪5.3b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Castellana Properties Socimi

Market Cap: €893.4m

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

Mendelson Infrastructures & Industries

Market Cap: ₪565.8m

Mendelson Infrastructures & Industries Ltd.

Polyram Plastic Industries

Market Cap: ₪1.1b

Manufactures and supplies thermoplastic compounds in Israel and internationally.

Malam - Team

Market Cap: ₪1.6b

Provides information technology services in Israel.

C. Mer Industries

Market Cap: ₪407.5m

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

Libra Insurance

Market Cap: ₪603.5m

Engages in the general insurance business in Israel.

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.

Morris State Bancshares

Market Cap: US$219.3m

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

Bank of Africa Mali

Market Cap: XOF 73.0b

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

Rotshtein Realestate

Market Cap: ₪1.2b

Develops and constructs residential projects in Israel.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

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.

Rimoni Industries

Market Cap: ₪393.3m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Y.D. More Investments

Market Cap: ₪1.1b

A privately owned Investment Manager.

Procimmo Group

Market Cap: CHF 218.5m

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

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.

SALUS Ljubljana d. d

Market Cap: €252.9m

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/762.2m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.