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.

Marvipol Development

Market Cap: zł365.7m

Develops residential projects in Poland.

Smart Shooter

Market Cap: ₪1.3b

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 101.3b

Processes heavy bitumen crude in Africa.

Procimmo Group

Market Cap: CHF 436.9m

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

Yeni Gimat Gayrimenkul Yatirim Ortakligi

Market Cap: ₺57.6b

Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S.

Akmerkez Gayrimenkul Yatirim Ortakligi

Market Cap: ₺9.6b

Akmerkez Gayrimenkul Yatirim Ortakligi A.S.

NSIA Banque Société Anonyme

Market Cap: XOF 445.2b

Provides various banking products and services.

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.

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 625.7b

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

Ilex Medical

Market Cap: ₪567.5m

Engages in the import, marketing, distribution and sale of medical laboratory equipment and various diagnostic products, diagnostic systems, and kits and consumables in Israel, the United States, and internationally.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺27.5b

Operates as a guardrail supplier company in Turkey.

Pasifik Eurasia Lojistik Dis Ticaret

Market Cap: ₺77.8b

Pasifik Eurasia Lojistik Dis Ticaret A.S.

Anbio Biotechnology

Market Cap: US$1.4b

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

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.

Bank of Africa Mali

Market Cap: XOF 137.3b

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

Göltas Göller Bölgesi Cimento Sanayi ve Ticaret

Market Cap: ₺6.2b

Göltas Göller Bölgesi Cimento Sanayi ve Ticaret A.S.

Oakworth Capital

Market Cap: US$191.0m

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

Bank of the James Financial Group

Market Cap: US$104.3m

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.

SIFCO Industries

Market Cap: US$135.1m

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.

C. Mer Industries

Market Cap: ₪747.6m

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

Telekom Networks Malawi

Market Cap: MK 344.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

MAPFRE Middlesea

Market Cap: €138.0m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Empresas Lipigas

Market Cap: CL$932.0b

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.

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.

Amir Marketing and Investments in Agriculture

Market Cap: ₪497.6m

Through its subsidiaries, supplies and markets agricultural inputs in Israel.

High Templar Tech

Market Cap: US$467.4m

Operates as a consumer-oriented financial technology service company in the People’s Republic of China.

First Northern Community Bancorp

Market Cap: US$282.2m

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.

Tri-County Financial Group

Market Cap: US$142.9m

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.

Teekay

Market Cap: US$1.0b

Provides crude oil marine transportation and other marine services worldwide.

Union Bankshares

Market Cap: US$108.7m

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