Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Marvipol Development

Market Cap: zł454.0m

Develops residential projects in Poland.

Sopharma AD

Market Cap: €903.9m

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

New Mauritius Hotels

Market Cap: MU₨7.4b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Y.D. More Investments

Market Cap: ₪3.1b

A privately owned Investment Manager.

First National Bank of Botswana

Market Cap: P14.4b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Ilex Medical

Market Cap: ₪631.9m

Engages in the import, marketing, distribution and sale of medical laboratory equipment and various diagnostic products, diagnostic systems, and kits and consumables in Israel, the United States, and internationally.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 655.1b

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

Fidelity Life Assurance of Zimbabwe

Market Cap: US$73.4m

Provides life and funeral assurance, asset management, actuarial consultancy and micro-financing services in Zimbabwe and Malawi.

Lion Capital

Market Cap: RON 2.4b

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 89.9b

Processes heavy bitumen crude in Africa.

Payton Industries

Market Cap: ₪571.6m

Engages in the development, production, and marketing of transformers in Israel, Asia, Europe, the United States, and internationally.

M+S Hydraulic AD

Market Cap: €199.1m

Engages in the production, repair, and sale of hydraulic products and systems in Bulgaria, the rest of Europe, and internationally.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$31.4b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Union Bankshares

Market Cap: US$113.9m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Anbio Biotechnology

Market Cap: US$1.2b

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

Telekom Networks Malawi

Market Cap: MK 347.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.8b

A publicly owned investment manager.

Smart Shooter

Market Cap: ₪973.8m

Designs and develops fire control systems in Israel, North America, Europe, Australia and New Zealand.

GB Holdings

Market Cap: US$55.2m

Produces rubber and chemical products in Zimbabwe.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

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

Terminal X Online

Market Cap: ₪995.2m

Engages in the marketing and sale of fashion and lifestyle products in Israel.

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.

HOMAG Group

Market Cap: €401.6m

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

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.

Canal Shipping Agencies

Market Cap: ج.م9.0b

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

Amir Marketing and Investments in Agriculture

Market Cap: ₪479.5m

Through its subsidiaries, supplies and markets agricultural inputs in Israel.

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.

C. Mer Industries

Market Cap: ₪609.8m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and military technologies.

Hamat Group

Market Cap: ₪555.5m

Engages in the production, development, import, marketing, distribution, and sale of home design and construction finishing products for bathrooms, toilets, and kitchens in Israel and internationally.

Zimbabwe Stock Exchange Holdings

Market Cap: US$112.2m

Operates as a securities exchange.

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

Market Cap: ج.م43.6b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م23.7b

Provides various banking products and services in Egypt.

Grendene

Market Cap: R$4.3b

Engages in the development, production, distribution, sale, and market of plastic footwear in Brazil, North America, Asia, Oceania, Europe, Central and South America, the Middle East, and Africa.

Ouro Fino Saúde Animal Participações

Market Cap: R$1.7b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.