Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Intellego Technologies

Market Cap: SEK 1.6b

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

Practic

Market Cap: RON 825.6m

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

Onix Solar Energy

Market Cap: ₹14.4b

Engages in the trading of non-ferrous metals in India.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.4m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.1m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

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, businesses, and public authorities in France.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 585.0b

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

Bijou Brigitte modische Accessoires

Market Cap: €342.4m

Manufactures, imports, and sells fashion jewelry, gold and silver jewelry, fashion accessories, and complementary articles.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 109.1b

Processes heavy bitumen crude in Africa.

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.

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.

Sociedad Matriz SAAM

Market Cap: CL$1.4t

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

GB Holdings

Market Cap: US$54.7m

Produces rubber and chemical products in Zimbabwe.

New Mauritius Hotels

Market Cap: MU₨7.7b

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

Sun

Market Cap: MU₨7.6b

Operates in the tourism sector.

Envirotainer

Market Cap: €404.0m

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

Telekom Networks Malawi

Market Cap: MK 359.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Compañía Electro Metalúrgica

Market Cap: CL$560.6b

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

Sopharma AD

Market Cap: €976.2m

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Shangri-La Hotel

Market Cap: ฿6.6b

Operates hotels in Bangkok and Chiang Mai provinces.

Canal Shipping Agencies

Market Cap: ج.م9.1b

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

Bank of Africa Mali

Market Cap: XOF 122.4b

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

Standard Bank

Market Cap: MK 996.1b

Provides banking and other related services in Malawi.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م29.9b

Produces and sells fertilizers.

Lion Capital

Market Cap: RON 2.7b

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.

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.

Procimmo Group

Market Cap: CHF 378.4m

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

Empresas Lipigas

Market Cap: CL$939.3b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

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

Market Cap: ج.م22.4b

Provides various banking products and services in Egypt.

Dekpol

Market Cap: zł720.9m

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €97.2m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Chilanga Cement

Market Cap: K16.2b

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

Capricorn Group

Market Cap: R13.3b

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

Oakworth Capital

Market Cap: US$194.8m

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