Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Rrp Semiconductor

Market Cap: ₹158.9b

Trades in electronic parts in India.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł938.7m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

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.

Chilanga Cement

Market Cap: K8.0b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م37.1b

Produces and sells fertilizers.

Sopharma AD

Market Cap: лв1.4b

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

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

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

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.

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.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Procimmo Group

Market Cap: CHF 369.4m

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

Capricorn Group

Market Cap: R11.7b

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

GB Holdings

Market Cap: US$54.7m

Provides rubber and chemical products in Zimbabwe.

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.

GlaxoSmithKlineE

Market Cap: ج.م5.8b

Engages in production of pharmaceutical chemicals.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 74.1b

Processes heavy bitumen crude in Africa.

Dekpol

Market Cap: zł794.4m

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

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.

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.

ANSA Merchant Bank

Market Cap: TT$2.7b

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

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.

Telekom Networks Malawi

Market Cap: MK 366.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Zambia Sugar

Market Cap: K20.7b

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

Central Forest Group

Market Cap: JP¥21.3b

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

va-Q-tec

Market Cap: €392.2m

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

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

Market Cap: ج.م22.5b

Provides various banking products and services in Egypt.

Lampsa Hellenic Hotels

Market Cap: €995.6m

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

Transcorp Power

Market Cap: ₦2.6t

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

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.

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.

A3 Mercados

Market Cap: AR$842.2b

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

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.