Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

A3 Mercados

Market Cap: AR$833.6b

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

Sparta

Market Cap: €124.3m

A publicly owned investment manager.

Y.D. More Investments

Market Cap: ₪3.9b

A privately owned Investment Manager.

Morris State Bancshares

Market Cap: US$266.3m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.2b

Processes heavy bitumen crude in Africa.

FineMark Holdings

Market Cap: US$474.3m

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

Deutsche Balaton

Market Cap: €231.8m

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

Grendene

Market Cap: R$4.9b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 430.0b

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

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

Hemlo Mining

Market Cap: CA$1.8b

Engages in gold mining.

Mendelson Infrastructures & Industries

Market Cap: ₪612.1m

Engages in the supply of conduction and flow products in Israel.

Canal Shipping Agencies

Market Cap: ج.م10.4b

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

Analyst I.M.S. Investment Management Services

Market Cap: ₪2.0b

A publicly owned investment manager.

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

Market Cap: ج.م22.4b

Provides various banking products and services in Egypt.

Chilanga Cement

Market Cap: K14.0b

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

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

Market Cap: ج.م27.6b

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.

Soma Gold

Market Cap: CA$199.4m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Epsilon Energy

Market Cap: US$120.8m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Amir Marketing and Investments in Agriculture

Market Cap: ₪426.0m

Supplies and markets agricultural inputs in Israel.

C. Mer Industries

Market Cap: ₪405.7m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Metalpha Technology Holding

Market Cap: US$107.5m

Provides wealth management services in Hong Kong.

Franklin Financial Services

Market Cap: US$242.5m

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.

Pure Cycle

Market Cap: US$284.3m

Provides water and wastewater services in the United States.

Telekom Networks Malawi

Market Cap: MK 363.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

FRMO

Market Cap: US$335.5m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Zambia Sugar

Market Cap: K21.1b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Terminal X Online

Market Cap: ₪747.9m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Itafos

Market Cap: CA$566.2m

Operates as a phosphate and specialty fertilizer company.

Union Bankshares

Market Cap: US$108.7m

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

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Payton Industries

Market Cap: ₪478.2m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Lampsa Hellenic Hotels

Market Cap: €999.8m

Operates and manages hotels in Greece, Cyprus, and Serbia.

Oakworth Capital

Market Cap: US$180.2m

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

Sound Financial Bancorp

Market Cap: US$113.7m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.