Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

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.

Anbio Biotechnology

Market Cap: US$281.3m

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

First National Bank of Botswana

Market Cap: P13.0b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Sugar Terminals

Market Cap: AU$363.6m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Zambia Sugar

Market Cap: K12.2b

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

Watt's

Market Cap: CL$234.6b

Manufactures and sells food products in Chile.

Jadranski naftovod d.d

Market Cap: €775.9m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Ellaktor

Market Cap: €486.4m

Through its subsidiaries, operates as an infrastructure company in Greece, other European countries, Gulf countries, and the Americas.

Cashmere Valley Bank

Market Cap: US$220.2m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Marítima de Inversiones

Market Cap: CL$256.2b

Maritima de Inversiones SA is a publicly owned investment manager.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Petrolimex Insurance

Market Cap: ₫2.8t

Provides various insurance products in Vietnam.

Grendene

Market Cap: R$5.0b

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

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Capricorn Group

Market Cap: R10.8b

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/818.8m

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

Liburnia Riviera Hoteli d.d

Market Cap: €97.4m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Shangri-La Hotel

Market Cap: ฿6.0b

Operates hotels in Bangkok and Chiang Mai provinces.

Lavipharm

Market Cap: €130.6m

Engages in the research, development, manufacture, import, marketing, sale, and wholesale of pharmaceutical, dermocosmetic, and healthcare products to physicians and pharmacists in Greece and internationally.

Meditera Tibbi Malzeme Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.0b

Manufactures and sells medical devices in Turkey.

Hearts and Minds Investments

Market Cap: AU$622.8m

n/a

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك40.8m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Standard Chartered Bank Kenya

Market Cap: KSh113.4b

Provides various banking products and services for individuals and businesses.

Maistra d.d

Market Cap: €503.4m

Engages in the hotel business in Croatia.

Infinity Capital Investments

Market Cap: RON 1.1b

S.I.F. Oltenia S.A. is a private equity and venture capital firm specializing in investments in asset management, expansion, development, start-up, turnaround, and restructuring.

Bank Ganesha

Market Cap: Rp1.9t

Provides various general banking products and services for individuals and businesses in Indonesia.

Uniplus Electronics

Market Cap: NT$4.4b

Engages in the research and development, manufacture, processing, and trading of printed circuit boards in Taiwan.

Goldiam International

Market Cap: ₹40.2b

Manufactures, sells, and trades in diamond studded gold, silver, and platinum jewelry in India.

Bank of Iwate

Market Cap: JP¥45.8b

Engages in the provision of various financial products and services in Japan.

NOROO PAINT & COATINGS

Market Cap: ₩159.4b

Engages in the development, manufacture, and sale of paints in South Korea and internationally.

Fengyinhe Holdings

Market Cap: HK$882.0m

An investment holding company, provides various financial services to real estate industry in the People’s Republic of China.

C. Mer Industries

Market Cap: ₪494.2m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Malam - Team

Market Cap: ₪1.6b

Provides information technology services in Israel.