Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of wheat flour in Thailand.

Taiyo KagakuLtd

Market Cap: JP¥36.7b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Telekom Networks Malawi

Market Cap: MK 366.5b

Provides telecommunication services to enterprises and individual customers in Malawi.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł932.7m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

GlaxoSmithKlineE

Market Cap: ج.م6.0b

Engages in production of pharmaceutical chemicals.

First Bancorp

Market Cap: US$283.3m

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

FineMark Holdings

Market Cap: US$442.3m

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

Y.D. More Investments

Market Cap: ₪3.3b

A privately owned Investment Manager.

Mendelson Infrastructures & Industries

Market Cap: ₪609.8m

Mendelson Infrastructures & Industries Ltd.

First Investment Bank AD

Market Cap: лв784.2m

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

A3 Mercados

Market Cap: AR$760.0b

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

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

Market Cap: ج.م20.9b

Provides various banking products and services in Egypt.

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

Market Cap: ج.م17.9b

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.

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

Dn Agrar Group

Market Cap: RON 443.9m

Engages in the production of cow milk.

Chilanga Cement

Market Cap: K7.9b

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

FRMO

Market Cap: US$366.7m

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

Alumil Aluminium Industry

Market Cap: €160.8m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Affinity Bancshares

Market Cap: US$118.2m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

SALUS Ljubljana d. d

Market Cap: €409.3m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

First Northern Community Bancorp

Market Cap: US$204.4m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Rimoni Industries

Market Cap: ₪425.7m

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.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.4b

Operates as an asset management company.

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.4b

Mackolik Internet Hizmetleri Ticaret A.S.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺7.9b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.9b

Manufactures and sells heavy machinery and equipment.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺34.0b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺18.1b

Provides software development services to public and private organizations in Turkey.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺7.2b

Marmaris Altinyunus Turistik Tesisler A.S.

Alantra Partners

Market Cap: €332.6m

Engages in the investment banking and asset management services in Spain and internationally.

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Practic

Market Cap: RON 712.8m

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

Evergent Investments

Market Cap: RON 2.0b

A publicly owned investment manager.

Inmocemento

Market Cap: €1.6b

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