Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

FRoSTA

Market Cap: €632.2m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.0b

Provides wholesale banking services worldwide.

Acsion

Market Cap: R3.6b

Engages in property holding and development activities in South Africa and internationally.

Master Drilling Group

Market Cap: R2.4b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Central Forest Group

Market Cap: JP¥22.4b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 439.5b

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

Canal Shipping Agencies

Market Cap: ج.م10.7b

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

Telekom Networks Malawi

Market Cap: MK 363.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Purple Group

Market Cap: R2.9b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Colorado

Market Cap: د.م1.3b

Manufactures and distributes various paints in Morocco and internationally.

Transcorp Power

Market Cap: ₦2.3t

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

Central Cooperative Bank AD

Market Cap: лв237.7m

A commercial bank, provides various financial products and services.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Empresas Lipigas

Market Cap: CL$951.2b

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

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

Famous Brands

Market Cap: R5.4b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

ANSA Merchant Bank

Market Cap: TT$2.6b

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

Inversiones Doalca SOCIMI

Market Cap: €156.6m

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

Nigerian Aviation Handling

Market Cap: ₦202.7b

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

Chilanga Cement

Market Cap: K14.0b

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

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

Market Cap: ج.م22.1b

Provides various banking products and services in Egypt.

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

Market Cap: ج.م27.1b

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.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.7b

Produces and sells fertilizers.

Transnational Corporation of Nigeria

Market Cap: ₦428.8b

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

Zambia Sugar

Market Cap: K21.1b

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

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.

A3 Mercados

Market Cap: AR$847.1b

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

Hemlo Mining

Market Cap: CA$1.8b

Engages in gold mining.

Grendene

Market Cap: R$4.7b

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

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Practic

Market Cap: RON 760.3m

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

Soma Gold

Market Cap: CA$193.5m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

First Bancorp

Market Cap: US$318.2m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.