Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Onix Solar Energy

Market Cap: ₹14.6b

Engages in the trading of non-ferrous metals in India.

Canal Shipping Agencies

Market Cap: ج.م9.4b

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

Standard Bank

Market Cap: MK 998.0b

Provides banking and other related services in Malawi.

GB Holdings

Market Cap: US$54.7m

Produces rubber and chemical products in Zimbabwe.

Acsion

Market Cap: R3.6b

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

Empresas Lipigas

Market Cap: CL$953.1b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

Nigerian Aviation Handling

Market Cap: ₦226.1b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 460.9b

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

Dekpol

Market Cap: zł749.3m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Chilanga Cement

Market Cap: K17.0b

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

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

KABE Group AB (publ.)

Market Cap: SEK 1.8b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

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

Market Cap: ج.م25.4b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

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

Market Cap: ج.م21.8b

Provides various banking products and services in Egypt.

MCH Group

Market Cap: CHF 137.6m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 85.8b

Processes heavy bitumen crude in Africa.

Central Forest Group

Market Cap: JP¥22.2b

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

Sopharma AD

Market Cap: €945.0m

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

Telekom Networks Malawi

Market Cap: MK 353.8b

Provides telecommunication services to enterprises and individual customers in Malawi.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €93.4m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Alantra Partners

Market Cap: €346.2m

Engages in the investment banking and asset management services in Spain and internationally.

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.

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Bijou Brigitte modische Accessoires

Market Cap: €334.9m

Manufactures, imports, and sells fashion jewelry, gold and silver jewelry, fashion accessories, and complementary articles.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft53.9b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

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.

Bank of Africa Mali

Market Cap: XOF 120.6b

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

Envirotainer

Market Cap: €398.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Inversiones Doalca SOCIMI

Market Cap: €156.6m

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

Transcorp Power

Market Cap: ₦2.3t

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

SalfaCorp

Market Cap: CL$796.2b

Engages in engineering, construction, and real estate businesses in Chile 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.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.5b

Produces and sells fertilizers.

BAUER

Market Cap: €258.2m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.