Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Castellana Properties Socimi

Market Cap: €893.4m

As of December 20, 2016, Castellana Properties Socimi, S.A.

Reitar Logtech Holdings

Market Cap: US$199.8m

Through its subsidiaries, provides construction management and engineering design services.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Oakworth Capital

Market Cap: US$154.7m

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

Teekay

Market Cap: US$545.5m

Provides crude oil marine transportation and other marine services worldwide.

Sun

Market Cap: MU₨6.2b

Operates in the tourism sector.

Bank of Africa Mali

Market Cap: XOF 71.2b

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

Sociedad Matriz SAAM

Market Cap: CL$1.1t

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

FRMO

Market Cap: US$353.5m

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

ASA Gold and Precious Metals

Market Cap: US$560.0m

A publicly owned investment manager.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 237.0b

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

NSIA Banque Société Anonyme

Market Cap: XOF 197.9b

Provides various banking products and services.

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

Market Cap: ج.م8.1b

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.

Itafos

Market Cap: CA$390.7m

Operates as a phosphate and specialty fertilizer company.

La Forestière Equatoriale

Market Cap: €139.2m

Does not have any significant operations.

Solesence

Market Cap: US$123.4m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 65.7b

Processes heavy bitumen crude in Africa.

FRoSTA

Market Cap: €540.9m

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

Cashmere Valley Bank

Market Cap: US$220.4m

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

Anbio Biotechnology

Market Cap: US$276.1m

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

First National Bank of Botswana

Market Cap: P13.0b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Watt's

Market Cap: CL$234.6b

Manufactures and sells food products in Chile.

Vivo Energy Mauritius

Market Cap: MU₨11.7b

Vivo Energy Mauritius Limited markets and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Conoil

Market Cap: ₦229.8b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Omega Flex

Market Cap: US$307.6m

Manufactures and sells flexible metal hoses, fittings, and accessories in the United States, Canada, and internationally.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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

Pure Cycle

Market Cap: US$243.4m

Provides wholesale water and wastewater services in the United States.

Transcorp Power

Market Cap: ₦2.7t

Engages in the generation and sale of electric power in Nigeria and internationally.

Saha-Union

Market Cap: ฿8.2b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Petrolimex Insurance

Market Cap: ₫2.8t

Provides various insurance products in Vietnam.

Hayleys

Market Cap: LK₨100.9b

Operates in the manufacturing, agriculture, and services sectors worldwide.

Central Finance

Market Cap: LK₨42.5b

Provides various financial solutions primarily in Sri Lanka.

Ceylinco Holdings

Market Cap: LK₨66.6b

Ceylinco Holdings PLC underwrites various classes of general and life insurance products primarily in Sri Lanka.