Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Yulie Sekuritas Indonesia

Market Cap: Rp5.3t

Operates as a securities company in Indonesia.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك176.3m

Engages in insurance and reinsurance operations in Kuwait.

Citra Tubindo

Market Cap: Rp4.7t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Cairo Amman Bank

Market Cap: د.أ270.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Gulf Insurance Group - Jordan

Market Cap: د.أ81.4m

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

Jamuna Bank

Market Cap: ৳22.3b

Provides various banking products and services in Bangladesh.

Jordanian Duty Free Shops

Market Cap: د.أ139.7m

Invests in, operates, and manages duty-free shops.

Onix Solar Energy

Market Cap: ₹14.7b

Engages in the trading of non-ferrous metals in India.

Kingstone Companies

Market Cap: US$221.3m

Through its subsidiary, Kingstone Insurance Company ("KICO"), provides property and casualty insurance products in the United States.

Epsilon Energy

Market Cap: US$166.5m

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.

Y.D. More Investments

Market Cap: ₪2.9b

A privately owned Investment Manager.

Lion Capital

Market Cap: RON 2.3b

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.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 102.9b

Processes heavy bitumen crude in Africa.

Blume Metal Kimya Anonim Sirketi

Market Cap: ₺8.1b

Operates in the tourism, construction, and energy sectors in Turkey.

Zito d.o.o

Market Cap: €456.5m

Engages in the food and agricultural businesses in Croatia, Hungary, Italy, Serbia, Slovakia, Kosovo, and internationally.

Dn Agrar Group

Market Cap: RON 561.6m

Engages in the production of cow milk.

Payton Industries

Market Cap: ₪530.1m

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.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.5b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺34.8b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Winchester Bancorp

Market Cap: US$119.6m

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

Telekom Networks Malawi

Market Cap: MK 357.4b

Provides telecommunication services to enterprises and individual customers in Malawi.

Medinice

Market Cap: zł396.5m

A medical technology company, creates, develops, and commercializes minimally invasive solutions in cardiology and cardiac surgery.

Atakey Patates Gida Sanayi ve Ticaret

Market Cap: ₺7.5b

Atakey Patates Gida Sanayi ve Ticaret A.S.

Bijou Brigitte modische Accessoires

Market Cap: €324.5m

Manufactures, imports, and sells fashion jewelry, gold and silver jewelry, fashion accessories, and complementary articles.

ASA Gold and Precious Metals

Market Cap: US$1.3b

A publicly owned investment manager.

ANSA Merchant Bank

Market Cap: TT$2.1b

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

FRoSTA

Market Cap: €647.2m

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

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 631.8b

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

Chilanga Cement

Market Cap: K16.1b

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

Soma Gold

Market Cap: CA$247.8m

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

New Mauritius Hotels

Market Cap: MU₨7.2b

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