Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Acsion

Market Cap: R3.6b

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

Master Drilling Group

Market Cap: R2.4b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Purple Group

Market Cap: R2.9b

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.

Central Cooperative Bank AD

Market Cap: лв237.7m

A commercial bank, provides various financial products and services.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Famous Brands

Market Cap: R5.4b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Zambia Sugar

Market Cap: K21.1b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Hemlo Mining

Market Cap: CA$1.8b

Engages in gold mining.

Grendene

Market Cap: R$4.7b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Practic

Market Cap: RON 760.3m

Engages in the lease and sublease of real estate properties in Romania.

Soma Gold

Market Cap: CA$193.5m

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

First Bancorp

Market Cap: US$318.2m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Union Bankshares

Market Cap: US$106.0m

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

FRMO

Market Cap: US$330.2m

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

Southern Michigan Bancorp

Market Cap: US$110.5m

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

Namibia Breweries

Market Cap: R6.2b

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

Pure Cycle

Market Cap: US$285.7m

Provides water and wastewater services in the United States.

Sound Financial Bancorp

Market Cap: US$113.6m

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

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.

Seneca Foods

Market Cap: US$764.2m

Provides packaged fruits and vegetables in the United States and internationally.

First Northern Community Bancorp

Market Cap: US$211.5m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

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

FineMark Holdings

Market Cap: US$473.9m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Epsilon Energy

Market Cap: US$118.6m

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.

Itafos

Market Cap: CA$575.8m

Operates as a phosphate and specialty fertilizer company.

Franklin Financial Services

Market Cap: US$252.0m

Operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities in Pennsylvania.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$26.2b

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E) was founded in 2018 and is based in Mexico.

Productive Business Solutions

Market Cap: US$150.6m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

Affinity Bancshares

Market Cap: US$126.4m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Metalpha Technology Holding

Market Cap: US$101.6m

Provides wealth management services in Hong Kong.