Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

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.

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.

Marvipol Development

Market Cap: zł433.2m

Develops residential projects in Poland.

Sopharma AD

Market Cap: €917.1m

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

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.

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.

Payton Industries

Market Cap: ₪572.6m

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

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.

Y.D. More Investments

Market Cap: ₪3.0b

A privately owned Investment Manager.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Corporación Financiera Colombiana

Market Cap: Col$6.1t

Operates as a private financial institution in Columbia and Central America.

Hamat Group

Market Cap: ₪570.5m

Engages in the production, development, import, marketing, distribution, and sale of home design and construction finishing products for bathrooms, toilets, and kitchens in Israel and internationally.

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.

Chilanga Cement

Market Cap: K13.9b

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

Terminal X Online

Market Cap: ₪1.0b

Engages in the marketing and sale of fashion and lifestyle products in Israel.

Affinity Bancshares

Market Cap: US$136.5m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

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.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.8b

A publicly owned investment manager.

Winchester Bancorp

Market Cap: US$120.5m

Operates as a bank holding company for Winchester Savings Bank that provides banking products and services in the United States.

Anbio Biotechnology

Market Cap: US$1.2b

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

Nigerian Aviation Handling

Market Cap: ₦471.7b

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.د60.1m

Bahrain National Holding Company B.S.C., together with its subsidiaries, asset management services in the Kingdom of Bahrain and other GCC countries.

Grendene

Market Cap: R$4.2b

Engages in the development, production, distribution, sale, and market of plastic footwear in Brazil, North America, Asia, Oceania, Europe, Central and South America, the Middle East, and Africa.

Amir Marketing and Investments in Agriculture

Market Cap: ₪478.0m

Through its subsidiaries, supplies and markets agricultural inputs in Israel.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Security Federal

Market Cap: US$108.3m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Ouro Fino Saúde Animal Participações

Market Cap: R$1.7b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.

Acsion

Market Cap: R4.1b

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

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.