Global Undiscovered Gems With Strong Fundamentals

Oakworth Capital

Market Cap: US$156.2m

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

Maistra d.d

Market Cap: €518.8m

Engages in the hotel business in Croatia.

First National Bank of Botswana

Market Cap: P13.3b

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

Malam - Team

Market Cap: ₪1.9b

Provides information technology services in Israel.

Terminal X Online

Market Cap: ₪537.7m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Empresas Lipigas

Market Cap: CL$540.6b

Engages in the distribution and sale of liquefied petroleum gas (LPG) and natural gas (NG) in Chile, Peru, and Colombia.

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.

Mendelson Infrastructures & Industries

Market Cap: ₪557.1m

Mendelson Infrastructures & Industries Ltd.

SALUS Ljubljana d. d

Market Cap: €369.9m

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

Misr Beni Suef CementE

Market Cap: ج.م7.1b

Produces and sells cement products in Egypt and internationally.

La Forestière Equatoriale

Market Cap: €120.1m

Does not have any significant operations.

Chilanga Cement

Market Cap: K6.0b

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

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

Rotshtein Realestate

Market Cap: ₪1.3b

Develops and constructs residential projects in Israel.

Amir Marketing and Investments in Agriculture

Market Cap: ₪389.4m

Supplies and markets agricultural inputs in Israel.

Aura Investments

Market Cap: ₪5.0b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Payton Industries

Market Cap: ₪490.5m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Practic

Market Cap: RON 570.2m

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

Formula Systems (1985)

Market Cap: ₪5.7b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Rimoni Industries

Market Cap: ₪408.8m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Y.D. More Investments

Market Cap: ₪1.5b

A privately owned Investment Manager.

Zona Franca de Iquique

Market Cap: CL$237.9b

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.

Eurofins-Cerep

Market Cap: €103.9m

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

NSIA Banque Société Anonyme

Market Cap: XOF 222.5b

Provides various banking products and services.

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.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Capricorn Group

Market Cap: R10.9b

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

Transcorp Power

Market Cap: ₦2.5t

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

Jadranski naftovod d.d

Market Cap: €826.3m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Sparta

Market Cap: €86.8m

A publicly owned investment manager.

Zambia Sugar

Market Cap: K13.2b

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

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.1b

A publicly owned investment manager.

Castellana Properties Socimi

Market Cap: €919.0m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.