Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Seneca Foods

Market Cap: US$902.3m

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

ASA Gold and Precious Metals

Market Cap: US$1.3b

A publicly owned investment manager.

Bank of Africa Mali

Market Cap: XOF 128.2b

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

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.

Marvipol Development

Market Cap: zł437.3m

Develops residential projects in Poland.

Sopharma AD

Market Cap: €909.2m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 89.3b

Processes heavy bitumen crude in Africa.

Empresas Lipigas

Market Cap: CL$930.1b

Provides energy solutions through the marketing, distribution, and sale of liquefied petroleum gas (LPG), natural gas (NG), liquefied natural gas (LNG), and electricity for residential, commercial, and industrial use in Chile, Colombia, Peru, and Ecuador.

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.

Potasios de Chile

Market Cap: CL$1.0t

Invests in shares and other financial instruments in Chile.

GB Holdings

Market Cap: US$60.5m

Produces rubber and chemical products in Zimbabwe.

Canal Shipping Agencies

Market Cap: ج.م9.2b

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

Affinity Bancshares

Market Cap: US$136.6m

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

Winchester Bancorp

Market Cap: US$120.5m

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

HOMAG Group

Market Cap: €401.6m

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

Procimmo Group

Market Cap: CHF 432.4m

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

Telekom Networks Malawi

Market Cap: MK 346.1b

Provides telecommunication services to enterprises and individual customers in Malawi.

Grendene

Market Cap: R$4.0b

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.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 617.3b

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

Union Bankshares

Market Cap: US$114.4m

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

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

Market Cap: Mex$31.7b

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

New Mauritius Hotels

Market Cap: MU₨7.4b

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

Ideal Capital Berhad

Market Cap: RM 1.8b

An investment holding company, engages in the property development business in Malaysia.

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.

Corporación Financiera Colombiana

Market Cap: Col$5.9t

Operates as a private financial institution in Columbia and Central America.

Fidelity Life Assurance of Zimbabwe

Market Cap: US$62.4m

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

A3 Mercados

Market Cap: AR$716.3b

Operates as a market for negotiable securities in Argentina and internationally.

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

Market Cap: ج.م23.2b

Provides various banking products and services in Egypt.

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

Market Cap: ج.م62.3b

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.

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.

Chilanga Cement

Market Cap: K14.0b

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

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.

Nigerian Aviation Handling

Market Cap: ₦471.7b

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

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.