Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Canal Shipping Agencies

Market Cap: ج.م10.4b

Provides various shipping services to the international commercial fleet in Egypt.

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

Market Cap: ج.م31.9b

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.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م20.7b

Provides various banking products and services in Egypt.

Practic

Market Cap: RON 760.3m

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

Shangri-La Hotel

Market Cap: ฿5.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Sure Global Tech

Market Cap: ر.س447.2m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Changjiu Holdings

Market Cap: HK$1.3b

An investment holding company, provides pledged vehicle monitoring and automobile dealership operation management services in China.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.6b

Produces and sells fertilizers.

Amir Marketing and Investments in Agriculture

Market Cap: ₪433.9m

Supplies and markets agricultural inputs in Israel.

Mulpha International Bhd

Market Cap: RM 900.2m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Seneca Foods

Market Cap: US$827.2m

Provides packaged fruits and vegetables in the United States and internationally.

Namibia Breweries

Market Cap: R6.2b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

First Investment Bank AD

Market Cap: лв760.3m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Dekpol

Market Cap: zł648.9m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Inmocemento

Market Cap: €1.6b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

VNV Global

Market Cap: SEK 2.9b

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture.

Transcorp Power

Market Cap: ₦2.3t

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

Evergent Investments

Market Cap: RON 2.4b

A publicly owned investment manager.

Metalpha Technology Holding

Market Cap: US$106.3m

Provides wealth management services in Hong Kong.

Potasios de Chile

Market Cap: CL$579.7b

Engages in investment in shares and other financial instruments in Chile.

Epsilon Energy

Market Cap: US$116.9m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Sociedad Matriz SAAM

Market Cap: CL$1.4t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Nigerian Aviation Handling

Market Cap: ₦207.6b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Bahrain National Holding Company B.S.C

Market Cap: ب.د61.7m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$24.7b

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E) was founded in 2018 and is based in Mexico.

Telekom Networks Malawi

Market Cap: MK 363.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

Inversiones Doalca SOCIMI

Market Cap: €155.4m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

ANSA Merchant Bank

Market Cap: TT$2.6b

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Grendene

Market Cap: R$4.4b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

A3 Mercados

Market Cap: AR$809.1b

Operates as a market for negotiable securities in Argentina and internationally.

Franklin Financial Services

Market Cap: US$239.7m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

Standard Bank

Market Cap: MK 1.0t

Provides banking and other related services in Malawi.

Bank of Africa Mali

Market Cap: XOF 109.8b

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

FRMO

Market Cap: US$342.9m

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