Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Chilanga Cement

Market Cap: K8.0b

Engages in the manufacture and sale of cement products in Zambia.

Sopharma AD

Market Cap: лв1.4b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م37.1b

Produces and sells fertilizers.

FineMark Holdings

Market Cap: US$452.1m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

FRMO

Market Cap: US$367.1m

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

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

Market Cap: ج.م22.5b

Provides various banking products and services in Egypt.

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

Market Cap: ج.م22.5b

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: ₦2.6t

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

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł938.7m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Central Forest Group

Market Cap: JP¥21.3b

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

Lampsa Hellenic Hotels

Market Cap: €995.6m

Operates and manages hotels in Greece, Cyprus, and Serbia.

A3 Mercados

Market Cap: AR$842.2b

Operates as a market for negotiable securities in Argentina and internationally.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 74.1b

Processes heavy bitumen crude in Africa.

GlaxoSmithKlineE

Market Cap: ج.م5.8b

Engages in production of pharmaceutical chemicals.

GB Holdings

Market Cap: US$54.7m

Provides rubber and chemical products in Zimbabwe.

Telekom Networks Malawi

Market Cap: MK 366.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Capricorn Group

Market Cap: R11.7b

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

Liburnia Riviera Hoteli d.d

Market Cap: €168.0m

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

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.

Zambia Sugar

Market Cap: K20.7b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 403.3b

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

Procimmo Group

Market Cap: CHF 369.4m

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

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.

Zona Franca de Iquique

Market Cap: CL$232.8b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Bank of Africa Mali

Market Cap: XOF 104.3b

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

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.

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.

Dekpol

Market Cap: zł794.4m

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

ANSA Merchant Bank

Market Cap: TT$2.7b

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

Itafos

Market Cap: CA$678.3m

Operates as a phosphate and specialty fertilizer company.

Freetrailer Group

Market Cap: €686.3m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

First Northern Community Bancorp

Market Cap: US$205.5m

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.

Corporación Financiera Colombiana

Market Cap: Col$6.5t

Operates as a private financial institution in Columbia and Central America.

Pure Cycle

Market Cap: US$263.1m

Provides wholesale water and wastewater services in the United States.