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.

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.

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.

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.

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.

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.

Affinity Bancshares

Market Cap: US$122.9m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Winchester Bancorp

Market Cap: US$102.4m

Focuses on operating as the bank holding company for Winchester Savings Bank, which provides banking products and services in Massachusetts.

Security Federal

Market Cap: US$104.6m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Oakworth Capital

Market Cap: US$190.7m

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

Morris State Bancshares

Market Cap: US$268.1m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

First Bancorp

Market Cap: US$306.9m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.