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.

SHL Consolidated Bhd

Market Cap: RM 554.5m

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

First National Bank of Botswana

Market Cap: P13.2b

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

First IC

Market Cap: US$172.3m

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

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

Reitar Logtech Holdings

Market Cap: US$217.9m

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

Bank of Africa Mali

Market Cap: XOF 70.8b

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

Lampsa Hellenic Hotels

Market Cap: €794.7m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Telematic Interactive Bulgaria EAD

Market Cap: лв279.2m

Offers online betting and gambling services.

NSIA Banque Société Anonyme

Market Cap: XOF 200.2b

Provides various banking products and services.

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.

Solesence

Market Cap: US$219.4m

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

Zona Franca de Iquique

Market Cap: CL$204.0b

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

Pure Cycle

Market Cap: US$242.9m

Provides wholesale water and wastewater services in the United States.

Zambia Sugar

Market Cap: K12.7b

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

La Forestière Equatoriale

Market Cap: €137.1m

Does not have any significant operations.

Smart Organic AD

Market Cap: лв349.3m

Engages in the production and distribution of organic products worldwide.

Flügger group

Market Cap: DKK 970.9m

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

FRMO

Market Cap: US$366.3m

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

Teekay

Market Cap: US$634.9m

Provides crude oil marine transportation and other marine services worldwide.

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.

Oakworth Capital

Market Cap: US$151.7m

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

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

Market Cap: ج.م11.9b

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.

Conoil

Market Cap: ₦229.8b

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

Jadranski naftovod d.d

Market Cap: €796.0m

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

BAUER

Market Cap: €258.2m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, Africa, and the Americas.

Transcorp Power

Market Cap: ₦2.7t

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

Moury Construct

Market Cap: €198.0m

Engages in the construction and renovation of residential and non-residential buildings for private and public markets in Belgium.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 62.6b

Processes heavy bitumen crude in Africa.

FineMark Holdings

Market Cap: US$323.1m

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

Procimmo Group

Market Cap: CHF 211.7m

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

Central Bancompany

Market Cap: US$1.4b

Operates as a multi-bank holding company.

Qudian

Market Cap: US$449.1m

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

Castellana Properties Socimi

Market Cap: €893.4m

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

Nikko

Market Cap: JP¥26.1b

Engages in the manufacture and sale of asphalt mixing and concrete batching plants in Asia.