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.

First Bancorp

Market Cap: US$308.2m

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

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.

GTS Internasional

Market Cap: Rp4.6t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

FRoSTA

Market Cap: €629.5m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

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.

Bank of Africa Mali

Market Cap: XOF 114.7b

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

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.

Envirotainer

Market Cap: €398.1m

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.8b

Produces and sells fertilizers.

Affinity Bancshares

Market Cap: US$126.0m

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

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.

ANSA Merchant Bank

Market Cap: TT$2.6b

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

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, 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.

Central Forest Group

Market Cap: JP¥21.9b

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