Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Namibia Breweries

Market Cap: R6.6b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Southern Michigan Bancorp

Market Cap: US$118.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and government agencies primarily in the southwest and south-central Michigan communities.

Procimmo Group

Market Cap: CHF 432.4m

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

Acsion

Market Cap: R4.2b

Engages in property holding and development activities in South Africa and internationally.

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.

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Saha-Union

Market Cap: ฿7.9b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Industrias del Cobre Sociedad Anónima

Market Cap: S/952.8m

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

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

Market Cap: Mex$31.4b

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

Thai Steel Cable

Market Cap: ฿3.7b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Monarch Networth Capital

Market Cap: ₹23.9b

Provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India.

Techno Ryowa

Market Cap: JP¥137.8b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Cigniti Technologies

Market Cap: ₹34.6b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

VICOM

Market Cap: S$652.4m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Apacer Technology

Market Cap: NT$20.4b

Researches, designs, develops, manufactures, processes, repair, and sells memory modules and storage memory devices in Hong Kong, Taiwan, Mainland China, the United States, Japan, and internationally.

Shanghai Fortune Techgroup

Market Cap: CN¥8.1b

Provides semiconductor products and solutions in China.

Praise Victor Industrial

Market Cap: NT$26.9b

Designs, produces, and trades in polyurethanes (PU) materials.

Lumax International

Market Cap: NT$11.5b

Trades in electronic components and process control instruments in Taiwan, China, and internationally.

Danang Port

Market Cap: ₫3.1t

Offers port services in Vietnam.

Gem-Year IndustrialLtd

Market Cap: CN¥5.7b

Engages in the research, development, production, and sale of fasteners and hardware tools in China, the United States, Japan, Europe, and internationally.

Marusan Securities

Market Cap: JP¥70.4b

Engages in the financial products trading business in Japan.

Soracom

Market Cap: JP¥47.6b

Provides Internet of Things (IoT) based cellular connectivity solutions.

Britam Holdings

Market Cap: KSh30.7b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Nippon Sharyo

Market Cap: JP¥53.0b

Engages in the railway vehicles, construction machinery, transportation equipment and steel structures, engineering, and other businesses in Japan, the United States, Asia, and internationally.

Nanjing Quanxin Cable Technology

Market Cap: CN¥6.2b

Nanjing Quanxin Cable Technology Co., Ltd.

Etihad GO Telecom

Market Cap: ر.س3.2b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

GTS Internasional

Market Cap: Rp4.2t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Careerlink

Market Cap: JP¥28.7b

Provides human resource services in Japan.

Myung In Pharmaceutical

Market Cap: ₩845.3b

A pharmaceutical company, manufactures ETC and OTC drugs.

Hokkan Holdings

Market Cap: JP¥28.0b

Through its subsidiaries, engages in the container, filling, and machinery production, and other businesses in Japan and internationally.

Shenzhen King Explorer Science and Technology

Market Cap: CN¥4.8b

Engages in the research and development, design, manufacture, sales, and service provision of intelligent civil explosive equipment in China and internationally.

Ningbo Henghe Precision IndustryLtd

Market Cap: CN¥7.6b

Ningbo Henghe Precision Industry Co.,Ltd.

Nextronics Engineering

Market Cap: NT$5.9b

Provides connectors, thermal, backplane, and subracks for medical, aerospace, transportation, industry, and communication applications in Taiwan.