Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Liburnia Riviera Hoteli d.d

Market Cap: €97.4m

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

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Procimmo Group

Market Cap: CHF 220.7m

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

NSIA Banque Société Anonyme

Market Cap: XOF 202.6b

Provides various banking products and services.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 233.7b

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

Bank of Africa Mali

Market Cap: XOF 73.7b

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

AB Traction

Market Cap: SEK 3.8b

A private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments.

Mirbud

Market Cap: zł1.4b

Operates as a general contractor in the construction industry in Poland.

Linc

Market Cap: SEK 3.8b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

Dekpol

Market Cap: zł434.9m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Wema Bank

Market Cap: ₦256.1b

Provides banking and other financial services to corporate and individual customers in Nigeria.

Martifer SGPS

Market Cap: €175.5m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.

La Forestière Equatoriale

Market Cap: €139.2m

Does not have any significant operations.

Alantra Partners

Market Cap: €298.2m

Engages in the investment banking and asset management services in Spain and internationally.

Nederman Holding

Market Cap: SEK 6.2b

Operates as an environmental technology company.

Viohalco

Market Cap: €1.4b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

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

Market Cap: ج.م8.1b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Transcorp Power

Market Cap: ₦2.7t

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

Telematic Interactive Bulgaria EAD

Market Cap: лв281.8m

Offers online betting and gambling services.

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

Invests in, operates, and manages duty-free shops.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €363.6m

Operates as a cooperative bank in France.

Maistra d.d

Market Cap: €505.6m

Engages in the hotel business in Croatia.

Misr Beni Suef CementE

Market Cap: ج.م5.2b

Produces and sells cement products in Egypt and internationally.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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

First National Bank of Botswana

Market Cap: P13.1b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Infinity Capital Investments

Market Cap: RON 1.1b

S.I.F. Oltenia S.A. is a private equity and venture capital firm specializing in investments in asset management, expansion, development, start-up, turnaround, and restructuring.

Ellaktor

Market Cap: €482.2m

Through its subsidiaries, operates as an infrastructure company in Greece, other European countries, Gulf countries, and the Americas.

Castellana Properties Socimi

Market Cap: €893.4m

As of December 20, 2016, Castellana Properties Socimi, S.A.

Conoil

Market Cap: ₦229.8b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €101.3m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Biggeorge Property Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft50.1b

Operates as a property development company.

Hearts and Minds Investments

Market Cap: AU$618.3m

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