Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

DINE. de

Market Cap: Mex$14.3b

Develops real estate projects in Mexico.

Jordanian Duty Free Shops

Market Cap: د.أ155.0m

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

Freetrailer Group

Market Cap: €651.9m

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

Practic

Market Cap: RON 700.9m

Engages in the lease and sublease of real estate properties in Romania.

Transcorp Power

Market Cap: ₦2.6t

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

Senstar Technologies

Market Cap: US$103.0m

Provides physical, video, and access control security products and solutions worldwide.

Sopharma AD

Market Cap: лв1.4b

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

GB Holdings

Market Cap: US$54.5m

Provides rubber and chemical products in Zimbabwe.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Morris State Bancshares

Market Cap: US$239.6m

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

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

Market Cap: ج.م17.8b

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.

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

Market Cap: ج.م20.6b

Provides various banking products and services in Egypt.

Affinity Bancshares

Market Cap: US$117.1m

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

Aesler Grup Internasional

Market Cap: Rp3.6t

Provides architectural and construction management services in Indonesia.

Bank of Africa Mali

Market Cap: XOF 115.4b

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

FRMO

Market Cap: US$374.6m

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

First Northern Community Bancorp

Market Cap: US$204.8m

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.

A3 Mercados

Market Cap: AR$624.0b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م34.0b

Produces and sells fertilizers.

Telekom Networks Malawi

Market Cap: MK 367.8b

Provides telecommunication services to enterprises and individual customers in Malawi.

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 320.2b

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

Grendene

Market Cap: R$4.7b

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

Sociedad Matriz SAAM

Market Cap: CL$1.2t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

GlaxoSmithKlineE

Market Cap: ج.م5.7b

Engages in production of pharmaceutical chemicals.

Lampsa Hellenic Hotels

Market Cap: €846.0m

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

SUI Group Holdings

Market Cap: US$265.3m

A principal investment firm specializing investments in debt and equity securities of public and private companies to fund their operations whether its start-up, acquisition, or growth.

PINAGO UTAMA

Market Cap: Rp2.5t

Engages in the oil palm and rubber plantation business in Indonesia.

Standard Bank

Market Cap: MK 1.3t

Provides banking and other related services in Malawi.

Gulf Island Fabrication

Market Cap: US$119.1m

Operates as a fabricator of steel structures and modules in the United States.

Tri-County Financial Group

Market Cap: US$111.6m

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.

Jadranski naftovod d.d

Market Cap: €816.2m

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

Sparta

Market Cap: €103.6m

A publicly owned investment manager.