Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Billion Industrial Holdings

Market Cap: HK$10.5b

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.

Daphne International Holdings

Market Cap: HK$890.4m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

Citra Tubindo

Market Cap: Rp4.2t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

HG Metal Manufacturing

Market Cap: S$134.6m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Cairo Amman Bank

Market Cap: د.أ308.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Viviana Power Tech

Market Cap: ₹9.0b

Engages in power transmission, distribution, and industrial engineering, procurement, and construction (EPC) space project businesses in India.

Vivo Energy Mauritius

Market Cap: MU₨13.5b

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

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Shangri-La Hotel

Market Cap: ฿5.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Transcorp Power

Market Cap: ₦2.3t

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

Standard Bank

Market Cap: MK 1.1t

Provides banking and other related services in Malawi.

Central Cooperative Bank AD

Market Cap: лв214.8m

A commercial bank, provides various financial products and services.

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.

GB Holdings

Market Cap: US$54.7m

Produces rubber and chemical products in Zimbabwe.

Telekom Networks Malawi

Market Cap: MK 364.7b

Provides telecommunication services to enterprises and individual customers in Malawi.

ABG Sundal Collier Holding

Market Cap: NOK 4.1b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺6.7b

Marmaris Altinyunus Turistik Tesisler A.S.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.7b

Processes heavy bitumen crude in Africa.

Central Forest Group

Market Cap: JP¥21.6b

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

Nigerian Aviation Handling

Market Cap: ₦207.6b

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م33.6b

Produces and sells fertilizers.

Y.D. More Investments

Market Cap: ₪3.4b

A privately owned Investment Manager.

Mendelson Infrastructures & Industries

Market Cap: ₪598.3m

Engages in the supply of conduction and flow products in Israel.

Telematic Interactive Bulgaria EAD

Market Cap: лв266.4m

Offers online betting and gambling services.

Lampsa Hellenic Hotels

Market Cap: €995.6m

Operates and manages hotels in Greece, Cyprus, and Serbia.

FRoSTA

Market Cap: €640.4m

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

Payton Industries

Market Cap: ₪523.9m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Yibin City Commercial Bank

Market Cap: HK$12.0b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Sopharma AD

Market Cap: лв1.4b

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

Chilanga Cement

Market Cap: K12.0b

Engages in the manufacture and sale of cement products in Zambia.

Inmocemento

Market Cap: €1.6b

Through its subsidiaries, engages in the cement and real estate businesses in Spain and internationally.

Alantra Partners

Market Cap: €308.3m

Engages in the investment banking and asset management services in Spain and internationally.

SalfaCorp

Market Cap: CL$632.4b

Engages in engineering, construction, and real estate businesses in Chile and internationally.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م28.8b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.