Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Smart Organic AD

Market Cap: €190.5m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Epsilon Energy

Market Cap: US$142.9m

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.

Itafos

Market Cap: CA$560.4m

Operates as a phosphate and specialty fertilizer company.

Procimmo Group

Market Cap: CHF 369.4m

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

Affinity Bancshares

Market Cap: US$123.9m

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

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.

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.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Industrias del Cobre Sociedad Anónima

Market Cap: S/833.7m

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

Oxford Bank

Market Cap: US$105.5m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Morris State Bancshares

Market Cap: US$268.6m

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

Sparta

Market Cap: €141.9m

A publicly owned investment manager.

Oakworth Capital

Market Cap: US$190.8m

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

Liburnia Riviera Hoteli d.d

Market Cap: €151.3m

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

First Bancorp

Market Cap: US$313.7m

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Ohashi Technica

Market Cap: JP¥28.9b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, China, Thailand, ASEAN, Europe, Taiwan, and internationally.

Tibet TourismLtd

Market Cap: CN¥3.7b

Engages in the tourism, attractions, services, and commerce business in China.

Unitech Computer

Market Cap: NT$6.6b

Engages in the design, manufacture, sale, import and export of computers, computer peripheral equipment and automatic identification systems in Asia, America, Europe, and Oceania.

Xuelong GroupLtd

Market Cap: CN¥4.1b

Engages in the research, development, production, and sale of internal combustion engine cooling systems and automotive lightweight plastic products in China.

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.

Thai Steel Cable

Market Cap: ฿3.7b

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

Mulpha International Bhd

Market Cap: RM 900.2m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Dear LifeLtd

Market Cap: JP¥57.2b

Engages in the real estate business in Japan.

Xiamen Jihong

Market Cap: CN¥8.0b

Engages in the cross-border social e-commerce and paper packaging solutions business.

Zhongyeda Electric

Market Cap: CN¥6.0b

Engages in the distribution of industrial electrical products in China.

Changzhou Nrb

Market Cap: CN¥7.6b

Engages in the research, development, manufacture, and sale of auto precision bearing products in China and internationally.

Jinsanjiang (Zhaoqing) Silicon Material

Market Cap: CN¥3.2b

Engages in the research and development, production, and sale of precipitated silica.

Hollyland (China) Electronics Technology

Market Cap: CN¥3.5b

Engages in the research and development, production, and sale of circuit protection products in China and internationally.

Shenzhen Leaguer

Market Cap: CN¥13.2b

Engages in the design, manufacturing, and service provision of plastic packaging solutions for cosmetics, daily necessities, health products, and food in China and internationally.

Ningbo Henghe Precision IndustryLtd

Market Cap: CN¥8.8b

Ningbo Henghe Precision Industry Co.,Ltd.

Nippon Care Supply

Market Cap: JP¥38.8b

Engages in the rental and wholesale of welfare equipment businesses in Japan.

Ogaki Kyoritsu Bank

Market Cap: JP¥250.6b

A regional financial institution, provides various financial products and services in Japan and internationally.

CTCI Advanced Systems

Market Cap: NT$4.9b

CTCI Advanced Systems Inc., together with its subsidiaries, engineering, research, planning, design, purchase, integration, manufacture, installation, adjustment, maintenance, and operation of different software and hardware in Taiwan and internationally.