Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Ibrahim Fibres

Market Cap: PK₨83.1b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan, Singapore, and Switzerland.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ724.5m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

GlaxoSmithKlineE

Market Cap: ج.م5.8b

Engages in production of pharmaceutical chemicals.

Chilanga Cement

Market Cap: K9.0b

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

Telekom Networks Malawi

Market Cap: MK 365.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

GB Holdings

Market Cap: US$54.7m

Provides rubber and chemical products in Zimbabwe.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Zona Franca de Iquique

Market Cap: CL$233.5b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

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.

Namibia Breweries

Market Cap: R6.0b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 406.6b

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

Procimmo Group

Market Cap: CHF 369.4m

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

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.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Bank of Africa Mali

Market Cap: XOF 104.6b

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

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

Market Cap: ج.م25.4b

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.

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

Market Cap: ج.م22.7b

Provides various banking products and services in Egypt.

Capricorn Group

Market Cap: R11.7b

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

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Gulf Insurance Group - Jordan

Market Cap: د.أ83.2m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.4b

Processes heavy bitumen crude in Africa.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

First Northern Community Bancorp

Market Cap: US$205.2m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Seneca Foods

Market Cap: US$782.5m

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

FineMark Holdings

Market Cap: US$456.9m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

ASA Gold and Precious Metals

Market Cap: US$904.0m

A publicly owned investment manager.

Senstar Technologies

Market Cap: US$110.1m

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

Tri-County Financial Group

Market Cap: US$114.3m

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.

Central Forest Group

Market Cap: JP¥21.6b

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

Solesence

Market Cap: US$150.1m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Franklin Financial Services

Market Cap: US$217.9m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

Freetrailer Group

Market Cap: €693.9m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Deutsche Balaton

Market Cap: €229.7m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.