Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Hua Na Hydropower

Market Cap: ₫5.3t

Engages in the investment, production, and trading of electricity in Vietnam.

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

Market Cap: ج.م23.8b

Provides various banking products and services in Egypt.

Canal Shipping Agencies

Market Cap: ج.م9.1b

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

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

Market Cap: ج.م38.6b

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.

Ceylinco Holdings

Market Cap: LK₨75.6b

Ceylinco Holdings PLC underwrites various classes of general and life insurance products primarily in Sri Lanka.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

A3 Mercados

Market Cap: AR$736.0b

Operates as a market for negotiable securities in Argentina and internationally.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

New Mauritius Hotels

Market Cap: MU₨7.3b

Operates hotels in Mauritius, Europe, Morocco, 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.

Marvipol Development

Market Cap: zł451.9m

Develops residential projects in Poland.

First National Bank of Botswana

Market Cap: P14.4b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

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.

Tohoku Steel

Market Cap: JP¥16.7b

Manufactures, processes, and distributes various types of special steel products in Japan.

Fidelity Life Assurance of Zimbabwe

Market Cap: US$73.4m

Provides life and funeral assurance, asset management, actuarial consultancy and micro-financing services in Zimbabwe and Malawi.

Lion Capital

Market Cap: RON 2.4b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Procimmo Group

Market Cap: CHF 432.4m

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

GB Holdings

Market Cap: US$55.2m

Produces rubber and chemical products in Zimbabwe.

HOMAG Group

Market Cap: €401.6m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

Vivo Energy Mauritius

Market Cap: MU₨13.1b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Bank of Africa Mali

Market Cap: XOF 129.0b

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

Banque Nationale Agricole Société anonyme

Market Cap: د.ت968.5m

Provides various banking products and services in Tunisia.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$31.4b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 89.9b

Processes heavy bitumen crude in Africa.

Chilanga Cement

Market Cap: K14.0b

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

Anbio Biotechnology

Market Cap: US$1.2b

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

Oxford Bank

Market Cap: US$104.0m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Grendene

Market Cap: R$4.3b

Engages in the development, production, distribution, sale, and market of plastic footwear in Brazil, North America, Asia, Oceania, Europe, Central and South America, the Middle East, and Africa.

Cyprus Cement

Market Cap: €172.1m

Engages in the production and sale of cement and related businesses in Cyprus.

Bank of the James Financial Group

Market Cap: US$105.0m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Empresas Lipigas

Market Cap: CL$956.5b

Provides energy solutions through the marketing, distribution, and sale of liquefied petroleum gas (LPG), natural gas (NG), liquefied natural gas (LNG), and electricity for residential, commercial, and industrial use in Chile, Colombia, Peru, and Ecuador.

Zimbabwe Stock Exchange Holdings

Market Cap: US$97.6m

Operates as a securities exchange.

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Acsion

Market Cap: R4.1b

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

Sopharma AD

Market Cap: €919.7m

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