Global Undiscovered Gems With Strong Fundamentals

Gulf Insurance Group - Jordan

Market Cap: د.أ74.1m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

National General Insurance (P.J.S.C.)

Market Cap: د.إ912.2m

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

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$211.5b

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

ANSA Merchant Bank

Market Cap: TT$3.4b

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

NSIA Banque Société Anonyme

Market Cap: XOF 212.3b

Provides various banking products and services.

Eurofins-Cerep

Market Cap: €103.9m

Provides various drug discovery services to pharmaceutical, biopharmaceutical, and biotechnology companies France and internationally.

Castellana Properties Socimi

Market Cap: €912.6m

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

Bank of Africa Mali

Market Cap: XOF 76.9b

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

Misr Beni Suef CementE

Market Cap: ج.م5.8b

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.

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

Itafos

Market Cap: CA$430.8m

Operates as a phosphate and specialty fertilizer company.

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.

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.

Darwin

Market Cap: €89.4m

Operates as a biotechnology company.

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.

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

Market Cap: ج.م12.1b

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.

Lampsa Hellenic Hotels

Market Cap: €790.5m

Operates hotels primarily in Greece, Cyprus, and Serbia.

La Forestière Equatoriale

Market Cap: €120.8m

Does not have any significant operations.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 65.5b

Processes heavy bitumen crude in Africa.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 259.3b

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

MAPFRE Middlesea

Market Cap: €130.6m

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

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$250.6b

Maritima de Inversiones SA is a publicly owned investment manager.

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.

Oakworth Capital

Market Cap: US$155.9m

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

Metalpha Technology Holding

Market Cap: US$106.7m

Provides wealth management services in Hong Kong.

Qudian

Market Cap: US$467.3m

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

Valhi

Market Cap: US$434.9m

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

FineMark Holdings

Market Cap: US$334.4m

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

Innovex International

Market Cap: US$971.9m

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

Solesence

Market Cap: US$262.2m

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

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Pure Cycle

Market Cap: US$249.4m

Provides wholesale water and wastewater services in the United States.