Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Canal Shipping Agencies

Market Cap: ج.م10.4b

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

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

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

Market Cap: ج.م22.4b

Provides various banking products and services in Egypt.

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

Market Cap: ج.م27.6b

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.

Chilanga Cement

Market Cap: K12.8b

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

Analyst I.M.S. Investment Management Services

Market Cap: ₪2.0b

A publicly owned investment manager.

ANSA Merchant Bank

Market Cap: TT$2.6b

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

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.

Telekom Networks Malawi

Market Cap: MK 363.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Lampsa Hellenic Hotels

Market Cap: €999.8m

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

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Terminal X Online

Market Cap: ₪747.9m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Payton Industries

Market Cap: ₪478.2m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Bank of Africa Mali

Market Cap: XOF 114.5b

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

Oakworth Capital

Market Cap: US$180.0m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

FRoSTA

Market Cap: €633.6m

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

Zambia Sugar

Market Cap: K21.0b

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

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

Mendelson Infrastructures & Industries

Market Cap: ₪612.1m

Engages in the supply of conduction and flow products in Israel.

Amir Marketing and Investments in Agriculture

Market Cap: ₪426.0m

Supplies and markets agricultural inputs in Israel.

C. Mer Industries

Market Cap: ₪405.7m

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.8b

Produces and sells fertilizers.

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.

Union Bankshares

Market Cap: US$106.4m

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

First Northern Community Bancorp

Market Cap: US$211.3m

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.

Southern Michigan Bancorp

Market Cap: US$110.9m

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.

Jadranski naftovod d.d

Market Cap: €806.1m

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Central Forest Group

Market Cap: JP¥21.9b

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

Gulf Insurance Group - Jordan

Market Cap: د.أ78.0m

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

Shangri-La Hotel

Market Cap: ฿5.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$25.8b

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

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.7b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

Daphne International Holdings

Market Cap: HK$880.5m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.