Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Morris State Bancshares

Market Cap: US$264.9m

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

A3 Mercados

Market Cap: AR$723.3b

Operates as a market for negotiable securities in Argentina and internationally.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 645.3b

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

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Tchaikapharma High Quality Medicines AD

Market Cap: €872.7m

Develops, manufactures, and sells medicines in Bulgaria.

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.

Central Forest Group

Market Cap: JP¥22.7b

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

TSTE

Market Cap: ฿4.0b

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

Surya Citra Media

Market Cap: Rp17.1t

Provides multimedia services in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.8t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Citra Tubindo

Market Cap: Rp4.6t

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

Segar Kumala Indonesia

Market Cap: Rp2.0t

Engages in the trading of fruits and frozen chicken in Indonesia.

Oxford Bank

Market Cap: US$103.7m

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

Cita Mineral Investindo

Market Cap: Rp16.4t

Engages in bauxite mining activities in Indonesia.

GTS Internasional

Market Cap: Rp2.9t

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

Cahaya Aero Services

Market Cap: Rp4.0t

Provides cargo and ground handling services in Indonesia.

Cisadane Sawit Raya

Market Cap: Rp1.9t

Engages in the oil palm plantation business in Indonesia and internationally.

Yulie Sekuritas Indonesia

Market Cap: Rp5.3t

Operates as a securities company in Indonesia.

Nusantara Pelabuhan Handal

Market Cap: Rp2.4t

Manages and operates container terminals in Indonesia and internationally.

Dwi Guna Laksana

Market Cap: Rp2.9t

Engages in the coal mining and trading business in Indonesia.

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Industrias del Cobre Sociedad Anónima

Market Cap: S/857.5m

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.

Guardian Capital Group

Market Cap: CA$1.6b

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, and internationally.

M+S Hydraulic AD

Market Cap: €197.2m

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

Security Federal

Market Cap: US$109.6m

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

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 103.7b

Processes heavy bitumen crude in Africa.

Ouro Fino Saúde Animal Participações

Market Cap: R$1.5b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.

Bahrain National Holding Company B.S.C

Market Cap: ب.د61.8m

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

Seef Properties B.S.C

Market Cap: ب.د53.8m

Engages in the real estate development business in the Kingdom of Bahrain.

Buana Artha Anugerah

Market Cap: Rp3.0t

Engages in the provision of asset management services in Indonesia.

Lippo Cikarang

Market Cap: Rp3.2t

Develops real estate and industrial estate projects in Indonesia.

Cashmere Valley Bank

Market Cap: US$258.1m

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

Procimmo Group

Market Cap: CHF 407.7m

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