Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Southeast Asia Commercial Bank

Market Cap: ₫47.5t

Provides retail and corporate banking products and services in Vietnam.

PAN Group

Market Cap: ₫6.6t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Gulf Insurance Group - Jordan

Market Cap: د.أ92.3m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Hua Na Hydropower

Market Cap: ₫5.1t

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

Central Forest Group

Market Cap: JP¥23.2b

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

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 609.1b

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

High Templar Tech

Market Cap: US$375.8m

Operates as a consumer-oriented financial technology service company in the People’s Republic of China.

HOMAG Group

Market Cap: €392.2m

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

NameSilo Technologies

Market Cap: US$119.7m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Lion Capital

Market Cap: RON 2.2b

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.

GB Holdings

Market Cap: US$64.1m

Produces rubber and chemical products in Zimbabwe.

Affinity Bancshares

Market Cap: US$136.8m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

Winchester Bancorp

Market Cap: US$120.4m

Operates as a bank holding company for Winchester Savings Bank that provides banking products and services in the United States.

Cashmere Valley Bank

Market Cap: US$256.3m

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

A3 Mercados

Market Cap: AR$737.2b

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

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

Canal Shipping Agencies

Market Cap: ج.م9.1b

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

Telekom Networks Malawi

Market Cap: MK 344.9b

Provides telecommunication services to enterprises and individual customers in Malawi.

Empresas Lipigas

Market Cap: CL$929.9b

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 90.8b

Processes heavy bitumen crude in Africa.

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.

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.

Soma Gold

Market Cap: CA$152.3m

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

Chilanga Cement

Market Cap: K14.0b

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

Sopharma AD

Market Cap: €893.4m

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

Steppe Gold

Market Cap: CA$338.8m

Engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru.

First Northern Community Bancorp

Market Cap: US$260.1m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Security Federal

Market Cap: US$108.5m

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

MAPFRE Middlesea

Market Cap: €144.4m

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

Bank of Africa Mali

Market Cap: XOF 128.2b

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

Procimmo Group

Market Cap: CHF 427.9m

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

New Mauritius Hotels

Market Cap: MU₨7.6b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

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.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.