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.

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

Invests in, operates, and manages duty-free shops.

Tai Sin Electric

Market Cap: S$184.1m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Misr Beni Suef CementE

Market Cap: ج.م5.1b

Produces and sells cement products in Egypt and internationally.

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

Market Cap: ج.م11.4b

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.

Sugar Terminals

Market Cap: AU$349.2m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Zona Franca de Iquique

Market Cap: CL$214.9b

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

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.

NSIA Banque Société Anonyme

Market Cap: XOF 215.1b

Provides various banking products and services.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 246.8b

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

MAPFRE Middlesea

Market Cap: €133.4m

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

Practic

Market Cap: RON 567.2m

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

Central Cooperative Bank AD

Market Cap: лв202.1m

A commercial bank, provides various financial products and services.

Watt's

Market Cap: CL$228.5b

Manufactures and sells food products in Chile.

Reitar Logtech Holdings

Market Cap: US$229.8m

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

FineMark Holdings

Market Cap: US$328.5m

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

Teekay

Market Cap: US$680.0m

Provides crude oil marine transportation and other marine services worldwide.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 64.1b

Processes heavy bitumen crude in Africa.

Procimmo Group

Market Cap: CHF 225.2m

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

Qudian

Market Cap: US$493.7m

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

Gulf Island Fabrication

Market Cap: US$102.5m

Operates as a fabricator of steel structures and modules in the United States.

Morris State Bancshares

Market Cap: US$217.2m

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

Chilanga Cement

Market Cap: K5.6b

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

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.

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.

Solesence

Market Cap: US$273.4m

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

Lampsa Hellenic Hotels

Market Cap: €790.5m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Innovex International

Market Cap: US$1.0b

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

La Forestière Equatoriale

Market Cap: €137.1m

Does not have any significant operations.

Pure Cycle

Market Cap: US$254.0m

Provides wholesale water and wastewater services in the United States.

Castellana Properties Socimi

Market Cap: €893.4m

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

Conoil

Market Cap: ₦229.8b

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

ANSA Merchant Bank

Market Cap: TT$3.5b

Provides a range of banking and financial services in Trinidad and Tobago, and barbados.

Itafos

Market Cap: CA$442.4m

Operates as a phosphate and specialty fertilizer company.

FRMO

Market Cap: US$367.1m

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