Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Guardian Capital Group

Market Cap: CA$1.6b

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, and internationally.

Canal Shipping Agencies

Market Cap: ج.م8.7b

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

Asian Terminals

Market Cap: ₱54.0b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Smart Shooter

Market Cap: ₪981.5m

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

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.

Tchaikapharma High Quality Medicines AD

Market Cap: €872.7m

Develops, manufactures, and sells medicines in Bulgaria.

Namibia Breweries

Market Cap: R6.3b

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

Acsion

Market Cap: R4.9b

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

Inversiones Doalca SOCIMI

Market Cap: €156.6m

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

Freetrailer Group

Market Cap: €541.4m

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

Union Bankshares

Market Cap: US$107.7m

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

M+S Hydraulic AD

Market Cap: €203.1m

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

Chilanga Cement

Market Cap: K15.9b

Engages in the manufacture and sale of cement products in Zambia.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 99.3b

Processes heavy bitumen crude in Africa.

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.

Sopharma AD

Market Cap: €919.7m

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

Nigerian Aviation Handling

Market Cap: ₦340.1b

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

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Onix Solar Energy

Market Cap: ₹18.3b

Engages in the trading of non-ferrous metals in India.

Morris State Bancshares

Market Cap: US$273.5m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

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.

Oakworth Capital

Market Cap: US$185.5m

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

Grendene

Market Cap: R$4.2b

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 642.0b

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

Telekom Networks Malawi

Market Cap: MK 352.9b

Provides telecommunication services to enterprises and individual customers in Malawi.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Security Federal

Market Cap: US$106.7m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Epsilon Energy

Market Cap: US$185.3m

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.

Southern Michigan Bancorp

Market Cap: US$118.8m

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.

Procimmo Group

Market Cap: CHF 414.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.6b

Produces and sells fertilizers.

Affinity Bancshares

Market Cap: US$121.0m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.7b

A publicly owned investment manager.

Amir Marketing and Investments in Agriculture

Market Cap: ₪472.1m

Through its subsidiaries supplies and markets agricultural inputs in Israel.