Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Nigerian Aviation Handling

Market Cap: ₦428.8b

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

Jordanian Duty Free Shops

Market Cap: د.أ142.9m

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

Ilex Medical

Market Cap: ₪631.9m

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.

High Templar Tech

Market Cap: US$397.5m

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

Lion Capital

Market Cap: RON 2.4b

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.

Fidelity Life Assurance of Zimbabwe

Market Cap: US$73.4m

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

Envirotainer

Market Cap: €377.4m

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

Security Federal

Market Cap: US$108.4m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 655.1b

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

Dekpol

Market Cap: zł677.4m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Cashmere Valley Bank

Market Cap: US$259.2m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

New Mauritius Hotels

Market Cap: MU₨7.4b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Y.D. More Investments

Market Cap: ₪3.1b

A privately owned Investment Manager.

Bahrain National Holding Company B.S.C

Market Cap: ب.د60.1m

Bahrain National Holding Company B.S.C., together with its subsidiaries, asset management services in the Kingdom of Bahrain and other GCC countries.

Terminal X Online

Market Cap: ₪995.2m

Engages in the marketing and sale of fashion and lifestyle products in Israel.

HOMAG Group

Market Cap: €401.6m

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

Vivo Energy Mauritius

Market Cap: MU₨13.1b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Smart Shooter

Market Cap: ₪973.8m

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

Affinity Bancshares

Market Cap: US$136.5m

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

Odlewnie Polskie

Market Cap: zł402.2m

Produces and sells castings in Germany, the Czech Republic, the Netherlands, the United States, Sweden, Hungary, Great Britain, Austria, Slovakia, Denmark, Turkey, Spain, Italy, Switzerland, France, and Serbia.

Telekom Networks Malawi

Market Cap: MK 347.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

Provides a range of banking and financial products and services to individuals, farmers, professionals, companies, private banking, and public authorities and associations in France.

Canal Shipping Agencies

Market Cap: ج.م9.0b

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

NameSilo Technologies

Market Cap: US$122.0m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

C. Mer Industries

Market Cap: ₪609.8m

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

Inversiones Doalca SOCIMI

Market Cap: €156.7m

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

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.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.8b

A publicly owned investment manager.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft44.1b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Sound Financial Bancorp

Market Cap: US$113.0m

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

Hamat Group

Market Cap: ₪555.5m

Engages in the production, development, import, marketing, distribution, and sale of home design and construction finishing products for bathrooms, toilets, and kitchens in Israel and internationally.

Bank of the James Financial Group

Market Cap: US$105.0m

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.

Winchester Bancorp

Market Cap: US$120.6m

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