Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Jordanian Duty Free Shops

Market Cap: د.أ142.9m

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

Nigerian Aviation Handling

Market Cap: ₦428.8b

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

Marvipol Development

Market Cap: zł454.0m

Develops residential projects in Poland.

Sopharma AD

Market Cap: €903.9m

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

Steppe Gold

Market Cap: CA$371.7m

Engages in operating, developing, exploring, and acquiring precious metal projects in Mongolia and Peru.

New Mauritius Hotels

Market Cap: MU₨7.4b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Y.D. More Investments

Market Cap: ₪3.1b

A privately owned Investment Manager.

Cashmere Valley Bank

Market Cap: US$259.2m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

First National Bank of Botswana

Market Cap: P14.4b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Security Federal

Market Cap: US$108.4m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Ilex Medical

Market Cap: ₪631.9m

Engages in the import, marketing, distribution and sale of medical laboratory equipment and various diagnostic products, diagnostic systems, and kits and consumables in Israel, the United States, and internationally.

Envirotainer

Market Cap: €377.4m

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 655.1b

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

Fidelity Life Assurance of Zimbabwe

Market Cap: US$73.4m

Provides life and funeral assurance, asset management, actuarial consultancy and micro-financing services in Zimbabwe and Malawi.

High Templar Tech

Market Cap: US$397.5m

Operates as a consumer-oriented financial technology service company in the People’s Republic of China.

Lion Capital

Market Cap: RON 2.4b

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.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 89.9b

Processes heavy bitumen crude in Africa.

First Bancorp

Market Cap: US$331.6m

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

Payton Industries

Market Cap: ₪571.6m

Engages in the development, production, and marketing of transformers in Israel, Asia, Europe, the United States, and internationally.

Bahrain National Holding Company B.S.C

Market Cap: ب.د60.1m

Bahrain National Holding Company B.S.C., together with its subsidiaries, asset management services in the Kingdom of Bahrain and other GCC countries.

M+S Hydraulic AD

Market Cap: €199.1m

Engages in the production, repair, and sale of hydraulic products and systems in Bulgaria, the rest of Europe, and internationally.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$31.4b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Union Bankshares

Market Cap: US$113.9m

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

Anbio Biotechnology

Market Cap: US$1.2b

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

Telekom Networks Malawi

Market Cap: MK 347.6b

Provides telecommunication services to enterprises and individual customers in Malawi.

Oakworth Capital

Market Cap: US$186.5m

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

Affinity Bancshares

Market Cap: US$136.5m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.8b

A publicly owned investment manager.

Bank of the James Financial Group

Market Cap: US$105.0m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Smart Shooter

Market Cap: ₪973.8m

Designs and develops fire control systems in Israel, North America, Europe, Australia and New Zealand.

GB Holdings

Market Cap: US$55.2m

Produces rubber and chemical products in Zimbabwe.

Winchester Bancorp

Market Cap: US$120.6m

Operates as a bank holding company for Winchester Savings Bank that provides banking products and services in the United States.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

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

First Northern Community Bancorp

Market Cap: US$251.9m

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.