Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Nigerian Aviation Handling

Market Cap: ₦471.7b

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

Chilanga Cement

Market Cap: K13.9b

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

Soma Gold

Market Cap: CA$168.9m

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

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

First National Bank of Botswana

Market Cap: P14.4b

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

Sopharma AD

Market Cap: €917.1m

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Inversiones Doalca SOCIMI

Market Cap: €156.7m

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

HOMAG Group

Market Cap: €392.2m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

Payton Industries

Market Cap: ₪572.6m

Engages in the development, production, and marketing of transformers in Israel, Asia, Europe, the United States, and internationally.

Oxford Bank

Market Cap: US$104.0m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Marvipol Development

Market Cap: zł433.2m

Develops residential projects in Poland.

Southern Michigan Bancorp

Market Cap: US$123.4m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and government agencies primarily in the southwest and south-central Michigan communities.

Seneca Foods

Market Cap: US$901.5m

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

Steppe Gold

Market Cap: CA$374.2m

Engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru.

Bank of Africa Mali

Market Cap: XOF 128.3b

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

ASA Gold and Precious Metals

Market Cap: US$1.3b

A publicly owned investment manager.

MAPFRE Middlesea

Market Cap: €130.6m

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

Tri-County Financial Group

Market Cap: US$128.5m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services, and insurance services to individuals and businesses in the United States.

Canal Shipping Agencies

Market Cap: ج.م9.0b

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

Namibia Breweries

Market Cap: R6.6b

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

Y.D. More Investments

Market Cap: ₪3.0b

A privately owned Investment Manager.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

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

Market Cap: ج.م23.4b

Provides various banking products and services in Egypt.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 625.5b

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

Banque Nationale Agricole Société anonyme

Market Cap: د.ت971.0m

Provides various banking products and services in Tunisia.

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

High Templar Tech

Market Cap: US$382.0m

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

Bank of the James Financial Group

Market Cap: US$105.4m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Smart Shooter

Market Cap: ₪958.9m

Designs and develops fire control systems in Israel, North America, Europe, Australia and New Zealand.

Fidelity Life Assurance of Zimbabwe

Market Cap: US$62.4m

Provides life and funeral assurance, asset management, actuarial consultancy and micro-financing services in Zimbabwe and Malawi.

A3 Mercados

Market Cap: AR$712.7b

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

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

Market Cap: ج.م57.8b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

Union Bankshares

Market Cap: US$115.3m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

M+S Hydraulic AD

Market Cap: €201.1m

Engages in the production, repair, and sale of hydraulic products and systems in Bulgaria, the rest of Europe, and internationally.