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.

Misr Beni Suef CementE

Market Cap: ج.م5.2b

Produces and sells cement products in Egypt and internationally.

Sun

Market Cap: MU₨6.2b

Operates in the tourism sector.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

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.

Invest Bank

Market Cap: د.أ207.5m

Provides various banking and related financial services in Jordan.

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.

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.

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.

Itafos

Market Cap: CA$419.6m

Operates as a phosphate and specialty fertilizer company.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Castellana Properties Socimi

Market Cap: €893.4m

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

Procimmo Group

Market Cap: CHF 202.7m

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

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: P13.1b

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

Qudian

Market Cap: US$437.6m

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

Alantra Partners

Market Cap: €298.2m

Engages in the investment banking and asset management services in Spain and internationally.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Capricorn Group

Market Cap: R10.8b

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

Hua Na Hydropower

Market Cap: ₫5.9t

Engages in the electricity generation activities.

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.

NSIA Banque Société Anonyme

Market Cap: XOF 202.7b

Provides various banking products and services.

Intellego Technologies

Market Cap: SEK 2.1b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Bank of Africa Mali

Market Cap: XOF 72.6b

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

Teekay

Market Cap: US$591.5m

Provides crude oil marine transportation and other marine services worldwide.

Reitar Logtech Holdings

Market Cap: US$244.8m

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

SALUS Ljubljana d. d

Market Cap: €244.5m

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

Grendene

Market Cap: R$4.8b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 230.5b

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

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.

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.