Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

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

Market Cap: ج.م21.7b

Provides various banking products and services in Egypt.

Canal Shipping Agencies

Market Cap: ج.م9.2b

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

M & A Equity Holdings Berhad

Market Cap: RM 440.1m

An investment holding company, engages in the financial services, investment holding, and property investment and development businesses in Malaysia.

PBA Holdings Bhd

Market Cap: RM 648.7m

An investment holding company, operates as a water supplier in Malaysia.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Acsion

Market Cap: R3.6b

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

Liburnia Riviera Hoteli d.d

Market Cap: €151.3m

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

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

Market Cap: ج.م24.5b

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.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.3b

Produces and sells fertilizers.

Union Bankshares

Market Cap: US$114.1m

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

Itafos

Market Cap: CA$552.7m

Operates as a phosphate and specialty fertilizer company.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 85.8b

Processes heavy bitumen crude in Africa.

Sopharma AD

Market Cap: €945.0m

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

Transcorp Power

Market Cap: ₦2.3t

Engages in the generation and sale of electric power in Nigeria and internationally.

Empresas Lipigas

Market Cap: CL$953.6b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Oxford Bank

Market Cap: US$103.5m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Soma Gold

Market Cap: CA$244.2m

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Freetrailer Group

Market Cap: €819.7m

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

Sociedad Matriz SAAM

Market Cap: CL$1.3t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Mulpha International Bhd

Market Cap: RM 887.9m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Luxchem Corporation Berhad

Market Cap: RM 411.6m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

MKH Berhad

Market Cap: RM 588.4m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, and Indonesia.

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.

Shangri-La Hotel

Market Cap: ฿6.3b

Operates hotels in Bangkok and Chiang Mai provinces.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Pure Cycle

Market Cap: US$279.0m

Provides water and wastewater services in the United States.

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.

Bank of Africa Mali

Market Cap: XOF 120.6b

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

FRoSTA

Market Cap: €656.7m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

First Bancorp

Market Cap: US$306.9m

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Telekom Networks Malawi

Market Cap: MK 353.8b

Provides telecommunication services to enterprises and individual customers in Malawi.