Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Energy World

Market Cap: AU$213.1m

An independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region.

Cairo Amman Bank

Market Cap: د.أ312.0m

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

Bonraybio

Market Cap: NT$3.7b

A development stage company, manufactures medical instruments and solutions for the male infertility market.

Padma Oil

Market Cap: ৳16.4b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Jordanian Duty Free Shops

Market Cap: د.أ146.0m

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

Hearts and Minds Investments

Market Cap: AU$723.6m

n/a

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Q P Group Holdings

Market Cap: HK$856.5m

An investment holding company, manufactures and trades in paper products in the People’s Republic of China, the United States, Europe, and internationally.

Vivo Energy Mauritius

Market Cap: MU₨13.0b

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

Argosy Minerals

Market Cap: AU$184.3m

Engages in the exploration and development of lithium properties in Argentina and the United States.

Lippo Cikarang

Market Cap: Rp3.0t

Develops real estate and industrial estate projects in Indonesia.

Jamuna Bank

Market Cap: ৳19.7b

Provides various banking products and services in Bangladesh.

Smart Organic AD

Market Cap: лв369.7m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Alumil Aluminium Industry

Market Cap: €160.4m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Alantra Partners

Market Cap: €307.6m

Engages in the investment banking and asset management services in Spain and internationally.

VNV Global

Market Cap: SEK 2.8b

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture.

Nigerian Aviation Handling

Market Cap: ₦213.4b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Dekpol

Market Cap: zł720.9m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 474.1b

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

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft42.7b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Freetrailer Group

Market Cap: €743.4m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Bank of Africa Mali

Market Cap: XOF 120.0b

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

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.

ABG Sundal Collier Holding

Market Cap: NOK 4.1b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

MCH Group

Market Cap: CHF 104.8m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Namibia Breweries

Market Cap: R6.2b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €91.2m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Darwin

Market Cap: €91.8m

Operates in the healthcare industry.

Transcorp Power

Market Cap: ₦2.3t

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

Standard Bank

Market Cap: MK 998.4b

Provides banking and other related services in Malawi.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.8b

Produces and sells fertilizers.

Canal Shipping Agencies

Market Cap: ج.م10.8b

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