Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sopharma AD

Market Cap: €909.2m

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

Fidelity Life Assurance of Zimbabwe

Market Cap: US$62.4m

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

Bank of Africa Mali

Market Cap: XOF 128.2b

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

Inversiones Doalca SOCIMI

Market Cap: €156.7m

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

Empresas Lipigas

Market Cap: CL$930.1b

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.

Marvipol Development

Market Cap: zł437.3m

Develops residential projects in Poland.

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

MAPFRE Middlesea

Market Cap: €145.4m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

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.

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

Market Cap: ج.م62.3b

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.م23.2b

Provides various banking products and services in Egypt.

Tri-County Financial Group

Market Cap: US$128.8m

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.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

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

Canal Shipping Agencies

Market Cap: ج.م9.2b

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

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.

Telekom Networks Malawi

Market Cap: MK 345.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

Oakworth Capital

Market Cap: US$187.8m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 625.5b

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

Namibia Breweries

Market Cap: R6.6b

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

Grendene

Market Cap: R$4.0b

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.

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

Market Cap: Mex$31.7b

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

Chilanga Cement

Market Cap: K14.0b

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

Procimmo Group

Market Cap: CHF 432.4m

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

Union Bankshares

Market Cap: US$115.1m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Cashmere Valley Bank

Market Cap: US$256.6m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 89.7b

Processes heavy bitumen crude in Africa.

Security Federal

Market Cap: US$111.4m

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

Beijing Hengyu Datacom Aviation Equipment

Market Cap: CN¥4.0b

Beijing Hengyu Datacom Aviation Equipment Co., Ltd.

Corporación Financiera Colombiana

Market Cap: Col$5.8t

Operates as a private financial institution in Columbia and Central America.

Industrias del Cobre Sociedad Anónima

Market Cap: S/952.8m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Ideal Capital Berhad

Market Cap: RM 1.8b

An investment holding company, engages in the property development business in Malaysia.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Systex

Market Cap: NT$33.1b

Provides various IT services for enterprise and government clients in Taiwan and Asia.