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.

HOMAG Group

Market Cap: €473.8m

Manufactures and sells machines and solutions for woodworking and timber construction industries worldwide.

NSIA Banque Société Anonyme

Market Cap: XOF 222.5b

Provides various banking products and services.

Canal Shipping Agencies

Market Cap: ج.م7.1b

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

Y.D. More Investments

Market Cap: ₪1.2b

A privately owned Investment Manager.

Mendelson Infrastructures & Industries

Market Cap: ₪595.9m

Mendelson Infrastructures & Industries Ltd.

Rimoni Industries

Market Cap: ₪410.5m

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.

Golden House

Market Cap: ₪392.6m

Engages in the operation and management of sheltered housing centers for the elderly population in Israel.

Segar Kumala Indonesia

Market Cap: Rp1.8t

Trades in and distributes fruits, frozen chicken, and vegetables in Indonesia.

ANSA Merchant Bank

Market Cap: TT$3.4b

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

Aesler Grup Internasional

Market Cap: Rp2.2t

Provides architectural and construction management services in Indonesia.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 65.9b

Processes heavy bitumen crude in Africa.

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.

Anbio Biotechnology

Market Cap: US$314.7m

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

Conoil

Market Cap: ₦229.8b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Krom Bank Indonesia

Market Cap: Rp14.7t

Provides various banking products and services in Indonesia.

Sparta

Market Cap: €183.3m

A publicly owned investment manager.

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

Market Cap: ج.م7.7b

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.

Primadaya Plastisindo

Market Cap: Rp1.7t

Manufactures and sells plastic packaging products.

FRoSTA

Market Cap: €517.8m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Standard Bank

Market Cap: MK 1.9t

Provides banking and other related services in Malawi.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 240.3b

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

Oakworth Capital

Market Cap: US$160.2m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Castellana Properties Socimi

Market Cap: €790.2m

As of December 20, 2016, Castellana Properties Socimi, S.A.

Syn Prop & Tech

Market Cap: R$763.2m

We are SYN, and we have a deep understanding of the Brazilian commercial real estate market.

Central Forest Group

Market Cap: JP¥22.3b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Libra Insurance

Market Cap: ₪527.9m

Engages in the general insurance business in Israel.

Formula Systems (1985)

Market Cap: ₪5.2b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.1b

A publicly owned investment manager.

Payton Industries

Market Cap: ₪549.0m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

TopGum Industries

Market Cap: ₪945.0m

Develops, manufactures, and markets dietary and nutraceutical gummies.

Terminal X Online

Market Cap: ₪618.8m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Malam - Team

Market Cap: ₪1.6b

Provides information technology services in Israel.

C. Mer Industries

Market Cap: ₪470.0m

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

Zambia Sugar

Market Cap: K11.7b

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

Transnational Corporation of Nigeria

Market Cap: ₦477.6b

Together with the subsidiaries, engages in the hospitality, power, agro-allied, and oil and gas businesses in Nigeria.