Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cigniti Technologies

Market Cap: ₹32.5b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

Namibia Breweries

Market Cap: R6.6b

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

Maezawa Kasei Industries

Market Cap: JP¥28.6b

Produces and sells water and sewerage related products, and environmental equipment.

Odlewnie Polskie

Market Cap: zł375.0m

Produces and sells castings in Germany, the Czech Republic, the Netherlands, the United States, Sweden, Hungary, Great Britain, Austria, Slovakia, Denmark, Turkey, Spain, Italy, Switzerland, France, and Serbia.

Bank of the James Financial Group

Market Cap: US$103.9m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Southern Michigan Bancorp

Market Cap: US$139.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and government agencies primarily in the southwest and south-central Michigan communities.

Dn Agrar Group

Market Cap: RON 488.4m

Engages in the production of cow milk.

First National Bank of Botswana

Market Cap: P14.5b

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

MCH Group

Market Cap: CHF 136.4m

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

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.

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

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

Bahnhof

Market Cap: SEK 5.5b

Provides internet services to individuals and businesses in Sweden and internationally.

Wasko

Market Cap: zł559.9m

Designs, implements, and integrats software, information systems, and advanced industrial automation.

C. Mer Industries

Market Cap: ₪754.4m

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

ANSA Merchant Bank

Market Cap: TT$2.5b

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

Y.D. More Investments

Market Cap: ₪3.7b

A privately owned Investment Manager.

Audioboom Group

Market Cap: UK£100.7m

A podcast company, operates a spoken-word audio platform for hosting, distributing, and monetizing content primarily in the United Kingdom and the United States.

Inversiones Doalca SOCIMI

Market Cap: €155.4m

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €103.8m

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

Anbio Biotechnology

Market Cap: US$1.5b

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

Transnational

Market Cap: ₦467.5b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

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.

SIFCO Industries

Market Cap: US$134.2m

Produces and sells forgings and machined components primarily for the aerospace and energy, and defense and commercial space markets in the United States and internationally.

Purple Group

Market Cap: R2.6b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

ENBD REIT (CEIC)

Market Cap: US$125.5m

ENPD REIT (CEIC) PLC is a Sharia-compliant real estate investment trust.

Union Bankshares

Market Cap: US$107.2m

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

Sound Financial Bancorp

Market Cap: US$107.1m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Winchester Bancorp

Market Cap: US$118.2m

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

Acsion

Market Cap: R3.8b

Engages in property holding and development activities in South Africa and internationally.

Ouro Fino Saúde Animal Participações

Market Cap: R$1.6b

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

M+S Hydraulic AD

Market Cap: €201.1m

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

Cairo Amman Bank

Market Cap: د.أ288.0m

Provides various banking and financial services for corporate and institutional customers.

Colorado

Market Cap: د.م1.3b

Manufactures and distributes various paints in Morocco and internationally.

Shahjalal Islami Bank

Market Cap: ৳17.8b

Provides commercial banking products and services in Bangladesh.

Dutch-Bangla Bank

Market Cap: ৳39.6b

Provides various commercial banking products and services to corporate, retail, and institutional customers in Bangladesh.