Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

FRMO

Market Cap: US$367.9m

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

Chilanga Cement

Market Cap: K8.0b

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

Sound Financial Bancorp

Market Cap: US$114.6m

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

FineMark Holdings

Market Cap: US$446.6m

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

A3 Mercados

Market Cap: AR$838.5b

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

Bank of Africa Mali

Market Cap: XOF 100.2b

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

Pure Cycle

Market Cap: US$261.2m

Provides wholesale water and wastewater services in the United States.

Deutsche Balaton

Market Cap: €225.5m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$24.9b

n/a

va-Q-tec

Market Cap: €401.0m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Franklin Financial Services

Market Cap: US$207.1m

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.

Freetrailer Group

Market Cap: €680.5m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.4b

Processes heavy bitumen crude in Africa.

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.

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.

Sparta

Market Cap: €99.9m

A publicly owned investment manager.

ANSA Merchant Bank

Market Cap: TT$2.7b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 395.1b

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

Tri-County Financial Group

Market Cap: US$114.3m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

ASA Gold and Precious Metals

Market Cap: US$849.4m

A publicly owned investment manager.

Solesence

Market Cap: US$217.1m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Soma Gold

Market Cap: CA$146.6m

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

Softcare

Market Cap: HK$15.3b

Operates as a hygiene product corporation principally engaged in the development, manufacturing, and sales of baby and feminine hygiene products in Africa, Latin America and Central Asia.

Seneca Foods

Market Cap: US$710.3m

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

Metalpha Technology Holding

Market Cap: US$106.3m

Provides wealth management services in Hong Kong.

Affinity Bancshares

Market Cap: US$113.7m

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

Hermes Transportes Blindados

Market Cap: S/719.8m

Provides money and securities transfer, custody and processing, and document transfer services in Peru.

Linkhome Holdings

Market Cap: US$174.5m

An artificial intelligence-driven property technology company, provides real estate related services in the United States.

Zambia Sugar

Market Cap: K20.7b

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

Senstar Technologies

Market Cap: US$105.2m

Provides physical, video, and access control security products and solutions worldwide.

Epsilon Energy

Market Cap: US$102.4m

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.

Hangzhou Hirisun Technology

Market Cap: CN¥5.0b

Engages in power information system integration business in China.

Oakworth Capital

Market Cap: US$166.3m

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

Itafos

Market Cap: CA$689.8m

Operates as a phosphate and specialty fertilizer company.

Gulf Island Fabrication

Market Cap: US$126.2m

Operates as a fabricator of steel structures and modules in the United States.