Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bank of Africa Mali

Market Cap: XOF 118.3b

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

FineMark Holdings

Market Cap: US$471.8m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Affinity Bancshares

Market Cap: US$128.3m

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

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.

Central Forest Group

Market Cap: JP¥21.9b

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

Telekom Networks Malawi

Market Cap: MK 363.3b

Provides telecommunication services to enterprises and individual customers in Malawi.

ANSA Merchant Bank

Market Cap: TT$2.6b

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

Canal Shipping Agencies

Market Cap: ج.م11.1b

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

FRoSTA

Market Cap: €629.5m

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

Soma Gold

Market Cap: CA$190.0m

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

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$55.0m

Produces rubber and chemical products in Zimbabwe.

Transcorp Power

Market Cap: ₦2.3t

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م32.1b

Produces and sells fertilizers.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Empresas Lipigas

Market Cap: CL$964.8b

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

Tri-County Financial Group

Market Cap: US$115.9m

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.

A3 Mercados

Market Cap: AR$815.2b

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

Itafos

Market Cap: CA$560.4m

Operates as a phosphate and specialty fertilizer company.

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

Hemlo Mining

Market Cap: CA$1.9b

Engages in gold mining.

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

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

Franklin Financial Services

Market Cap: US$250.7m

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.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.0b

Provides wholesale banking services worldwide.

Morris State Bancshares

Market Cap: US$266.3m

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

First Bancorp

Market Cap: US$317.2m

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

Zambia Sugar

Market Cap: K21.1b

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

Union Bankshares

Market Cap: US$107.5m

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

Seneca Foods

Market Cap: US$763.3m

Provides packaged fruits and vegetables in the United States and internationally.

FRMO

Market Cap: US$327.1m

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

Epsilon Energy

Market Cap: US$118.8m

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.

Intellego Technologies

Market Cap: SEK 1.6b

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

Sound Financial Bancorp

Market Cap: US$114.4m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

First Northern Community Bancorp

Market Cap: US$211.5m

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.