Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Nigerian Aviation Handling

Market Cap: ₦214.2b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

GB Holdings

Market Cap: US$54.7m

Provides rubber and chemical products in Zimbabwe.

Jadranski naftovod d.d

Market Cap: €796.0m

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

Gulf Insurance Group - Jordan

Market Cap: د.أ79.3m

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م34.9b

Produces and sells fertilizers.

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

Market Cap: ج.م25.2b

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.م22.3b

Provides various banking products and services in Egypt.

Mercantil Financeira - Crédito Financiamento e Investimento

Market Cap: R$596.3m

Provides financial solutions in Brazil.

Xiamen Jiarong TechnologyLtd

Market Cap: CN¥3.8b

Manufactures and sells environmental protection equipment.

GlaxoSmithKlineE

Market Cap: ج.م5.6b

Engages in production of pharmaceutical chemicals.

Sun

Market Cap: MU₨7.7b

Operates in the tourism sector.

Bank of Africa Mali

Market Cap: XOF 103.5b

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

ANSA Merchant Bank

Market Cap: TT$2.7b

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

va-Q-tec

Market Cap: €395.1m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.7b

Processes heavy bitumen crude in Africa.

Inversiones Doalca SOCIMI

Market Cap: €157.9m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Freetrailer Group

Market Cap: €699.6m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Franklin Financial Services

Market Cap: US$218.6m

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.

Sparta

Market Cap: €99.2m

A publicly owned investment manager.

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$25.3b

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

Deutsche Balaton

Market Cap: €231.8m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

First Bancorp

Market Cap: US$289.0m

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

Standard Bank

Market Cap: MK 1.1t

Provides banking and other related services in Malawi.

Itafos

Market Cap: CA$676.3m

Operates as a phosphate and specialty fertilizer company.

A3 Mercados

Market Cap: AR$881.4b

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

Soma Gold

Market Cap: CA$177.7m

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

Pure Cycle

Market Cap: US$267.5m

Provides water and wastewater services in the United States.

Telekom Networks Malawi

Market Cap: MK 365.1b

Provides telecommunication services to enterprises and individual customers in Malawi.

Epsilon Energy

Market Cap: US$107.0m

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.

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.

Zona Franca de Iquique

Market Cap: CL$234.2b

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

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.

Transcorp Power

Market Cap: ₦2.3t

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

Inverfal PerúA

Market Cap: S/1.6b

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