Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Intellego Technologies

Market Cap: SEK 1.6b

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

Vivo Energy Mauritius

Market Cap: MU₨13.0b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Genesys Logic

Market Cap: NT$8.6b

Engages in the designing, manufacturing, testing, and sale of integrated circuits, semiconductors, digital communication products, computer equipment and relevant products, and computer program designing solutions in Taiwan, China, the United States, and internationally.

New Mauritius Hotels

Market Cap: MU₨7.7b

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

Sun

Market Cap: MU₨7.6b

Operates in the tourism sector.

Envirotainer

Market Cap: €401.0m

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.م23.4b

Provides various banking products and services in Egypt.

Central Forest Group

Market Cap: JP¥22.4b

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

FRoSTA

Market Cap: €643.1m

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

Standard Bank

Market Cap: MK 996.1b

Provides banking and other related services in Malawi.

GB Holdings

Market Cap: US$54.7m

Produces rubber and chemical products in Zimbabwe.

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

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

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

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.

Canal Shipping Agencies

Market Cap: ج.م9.3b

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

Sopharma AD

Market Cap: €999.6m

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

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Sparta

Market Cap: €126.9m

A publicly owned investment manager.

Liburnia Riviera Hoteli d.d

Market Cap: €157.4m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Empresas Lipigas

Market Cap: CL$954.1b

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Practic

Market Cap: RON 825.6m

Engages in the lease and sublease of real estate properties in Romania.

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.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 534.9b

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

MCH Group

Market Cap: CHF 139.7m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 93.0b

Processes heavy bitumen crude in Africa.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م30.9b

Produces and sells fertilizers.

KABE Group AB (publ.)

Market Cap: SEK 1.8b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

Compañía Electro Metalúrgica

Market Cap: CL$451.6b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Fengyinhe Holdings

Market Cap: HK$2.4b

An investment holding company, provides various financial services to real estate market in the People’s Republic of China.

Yunnan Jinxun Resources

Market Cap: HK$5.3b

Engages in the smelting, beneficiation, deep processing, and recycling of non-ferrous metal new energy material in China and internationally.

Onix Solar Energy

Market Cap: ₹14.9b

Engages in the trading of non-ferrous metals in India.

Palasino Holdings

Market Cap: HK$1.7b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

Billion Industrial Holdings

Market Cap: HK$9.7b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Lee's Pharmaceutical Holdings

Market Cap: HK$871.5m

An investment holding company, develops, manufactures, markets, and sells pharmaceutical products in the People's Republic of China, Hong Kong, and internationally.