Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Telekom Networks Malawi

Market Cap: MK 366.5b

Provides telecommunication services to enterprises and individual customers in Malawi.

GlaxoSmithKlineE

Market Cap: ج.م6.0b

Engages in production of pharmaceutical chemicals.

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.

Chilanga Cement

Market Cap: K7.9b

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

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.

Practic

Market Cap: RON 712.8m

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.1b

Produces and sells fertilizers.

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.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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

Sopharma AD

Market Cap: лв1.4b

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

Transcorp Power

Market Cap: ₦2.6t

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

GB Holdings

Market Cap: US$54.5m

Provides rubber and chemical products in Zimbabwe.

Senstar Technologies

Market Cap: US$112.2m

Provides physical, video, and access control security products and solutions worldwide.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 304.5b

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

ANSA Merchant Bank

Market Cap: TT$2.7b

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

Freetrailer Group

Market Cap: €697.7m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.4b

Processes heavy bitumen crude in Africa.

Grendene

Market Cap: R$4.7b

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

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Corporación Financiera Colombiana

Market Cap: Col$6.7t

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

Hermes Transportes Blindados

Market Cap: S/719.8m

Provides money and securities transfer, custody and processing, and document transfer services in Peru.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Procimmo Group

Market Cap: CHF 369.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Colorado

Market Cap: د.م1.5b

Manufactures and distributes various paints in Morocco and internationally.

Mangold Fondkommission

Market Cap: SEK 951.1m

Provides financial services to companies, institutions, and private individuals in Sweden.

Bank of Africa Mali

Market Cap: XOF 117.5b

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

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$25.2b

n/a

Standard Bank

Market Cap: MK 1.3t

Provides banking and other related services in Malawi.

Sparta

Market Cap: €103.6m

A publicly owned investment manager.

Capricorn Group

Market Cap: R11.7b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Namibia Breweries

Market Cap: R6.0b

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

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

CHANGE HoldingsInc

Market Cap: JP¥78.1b

Engages in the digital transformation (DX) business in Japan.