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.

Innovex International

Market Cap: US$1.0b

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

Procimmo Group

Market Cap: CHF 229.7m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 65.5b

Processes heavy bitumen crude in Africa.

Qudian

Market Cap: US$477.2m

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

La Forestière Equatoriale

Market Cap: €137.1m

Does not have any significant operations.

Sugar Terminals

Market Cap: AU$349.2m

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

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

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

Castellana Properties Socimi

Market Cap: €893.4m

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

Maistra d.d

Market Cap: €525.3m

Engages in the hotel business in Croatia.

Bank of Africa Mali

Market Cap: XOF 73.4b

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

Reitar Logtech Holdings

Market Cap: US$219.8m

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

Transnational Corporation of Nigeria

Market Cap: ₦452.2b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

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.

Zona Franca de Iquique

Market Cap: CL$216.7b

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

Oakworth Capital

Market Cap: US$154.7m

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

FineMark Holdings

Market Cap: US$329.4m

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

Transcorp Power

Market Cap: ₦2.5t

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

Marítima de Inversiones

Market Cap: CL$261.7b

Maritima de Inversiones SA is a publicly owned investment manager.

Central Bancompany

Market Cap: US$1.4b

Operates as a multi-bank holding company.

Zambia Sugar

Market Cap: K12.7b

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

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.

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

Solesence

Market Cap: US$277.6m

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

Mendelson Infrastructures & Industries

Market Cap: ₪600.2m

Mendelson Infrastructures & Industries Ltd.

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.

Valhi

Market Cap: US$421.3m

Engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally.

Itafos

Market Cap: CA$438.5m

Operates as a phosphate and specialty fertilizer company.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 245.3b

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

NSIA Banque Société Anonyme

Market Cap: XOF 213.0b

Provides various banking products and services.

Teekay

Market Cap: US$676.7m

Provides crude oil marine transportation and other marine services worldwide.

Pure Cycle

Market Cap: US$247.7m

Provides wholesale water and wastewater services in the United States.

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.

Misr Beni Suef CementE

Market Cap: ج.م5.1b

Produces and sells cement products in Egypt and internationally.

Gulf Island Fabrication

Market Cap: US$100.6m

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

Y.D. More Investments

Market Cap: ₪1.4b

A privately owned Investment Manager.