Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Joyce

Market Cap: AU$157.0m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Era Media Sejahtera

Market Cap: Rp2.8t

Operates as an advertising media company in Indonesia.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Gulf Insurance Group - Jordan

Market Cap: د.أ79.3m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Grendene

Market Cap: R$4.8b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$26.6b

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E) was founded in 2018 and is based in Mexico.

Metalpha Technology Holding

Market Cap: US$104.5m

Provides wealth management services in Hong Kong.

Pure Cycle

Market Cap: US$272.9m

Provides water and wastewater services in the United States.

Epsilon Energy

Market Cap: US$111.1m

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.

Shangri-La Hotel

Market Cap: ฿5.5b

Operates hotels in Bangkok and Chiang Mai provinces.

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.

Tri-County Financial Group

Market Cap: US$116.5m

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.

Central Forest Group

Market Cap: JP¥22.8b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

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

Soma Gold

Market Cap: CA$191.1m

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

Itafos

Market Cap: CA$564.2m

Operates as a phosphate and specialty fertilizer company.

Franklin Financial Services

Market Cap: US$246.4m

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.

First Northern Community Bancorp

Market Cap: US$211.5m

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.

Capricorn Group

Market Cap: R13.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Jadranski naftovod d.d

Market Cap: €775.9m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Zambia Sugar

Market Cap: K21.1b

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

Southern Michigan Bancorp

Market Cap: US$113.3m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Morris State Bancshares

Market Cap: US$266.3m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

First Bancorp

Market Cap: US$312.7m

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

Affinity Bancshares

Market Cap: US$138.8m

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

Sound Financial Bancorp

Market Cap: US$110.1m

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

Productive Business Solutions

Market Cap: US$178.8m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Inverfal PerúA

Market Cap: S/1.9b

Engages in investing in fixed or variable income securities in Peru.

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

FRMO

Market Cap: US$321.4m

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

Union Bankshares

Market Cap: US$108.9m

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

Seneca Foods

Market Cap: US$775.3m

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