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.

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.

Bank of Africa Mali

Market Cap: XOF 76.9b

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

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.

Misr Beni Suef CementE

Market Cap: ج.م5.8b

Produces and sells cement products in Egypt and internationally.

ANSA Merchant Bank

Market Cap: TT$3.4b

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

MAPFRE Middlesea

Market Cap: €130.6m

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

La Forestière Equatoriale

Market Cap: €120.8m

Does not have any significant operations.

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 65.5b

Processes heavy bitumen crude in Africa.

Lampsa Hellenic Hotels

Market Cap: €790.5m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Castellana Properties Socimi

Market Cap: €912.6m

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.

Itafos

Market Cap: CA$430.8m

Operates as a phosphate and specialty fertilizer company.

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

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.

Marítima de Inversiones

Market Cap: CL$250.6b

Maritima de Inversiones SA is a publicly owned investment manager.

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.

Practic

Market Cap: RON 567.2m

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

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.

Transcorp Power

Market Cap: ₦2.5t

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

Pure Cycle

Market Cap: US$249.4m

Provides wholesale water and wastewater services in the United States.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Morris State Bancshares

Market Cap: US$211.6m

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

Metalpha Technology Holding

Market Cap: US$106.7m

Provides wealth management services in Hong Kong.

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.

Innovex International

Market Cap: US$971.9m

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

Qudian

Market Cap: US$467.3m

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