Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bahrain National Holding Company B.S.C

Market Cap: ب.د59.0m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

TSTE

Market Cap: ฿3.9b

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

Liburnia Riviera Hoteli d.d

Market Cap: €149.5m

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

Security Federal

Market Cap: US$112.5m

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

Tri-County Financial Group

Market Cap: US$123.6m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Southern Michigan Bancorp

Market Cap: US$117.7m

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

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.

New Peoples Bankshares

Market Cap: US$101.3m

Operates as a financial holding company for New Peoples Bank, Inc.

Ideal Capital Berhad

Market Cap: RM 1.8b

An investment holding company, engages in the property development business in Malaysia.

Oxford Bank

Market Cap: US$103.4m

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

Chilanga Cement

Market Cap: K16.1b

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

Namibia Breweries

Market Cap: R6.2b

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

M+S Hydraulic AD

Market Cap: €207.0m

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

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Nexa Resources AtacochaA

Market Cap: S/1.4b

Operates as a mining company worldwide.

Compañía Electro Metalúrgica

Market Cap: CL$560.6b

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

Anfu CE LINK

Market Cap: CN¥4.0b

Researches, designs, develops, manufactures, sells, and services electronic signal transmission adaptation products and other consumer electronics products.

Tibet Development

Market Cap: CN¥2.8b

Engages in the production and sale of beer in China.

Tsubakimoto Kogyo

Market Cap: JP¥52.3b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

ISE Chemicals

Market Cap: JP¥292.0b

Engages in the iodine and natural gas, and mettalic compound businesses in Japan.

MicroAd

Market Cap: JP¥22.8b

Operates an advertising platform that connects advertisers and the media in Japan.

SAN Holdings

Market Cap: JP¥31.6b

Provides funeral services in Japan.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Cairo Amman Bank

Market Cap: د.أ270.0m

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

Ramco Industries

Market Cap: ₹22.8b

Engages in the building products, textiles, and power generation businesses in India.

Envipro Holdings

Market Cap: JP¥25.3b

Through its subsidiaries, engages in the resource recycling, global trading, and lithium-ion battery recycling businesses in Japan and internationally.

Zkteco

Market Cap: CN¥8.8b

Provides biometric solutions and AI cognitive spatial intelligence technologies.

ITCENGLOBAL

Market Cap: ₩1.3t

Engages in the provision of consulting, ICT, and outsourcing services and solutions in South Korea.

Australian United Investment

Market Cap: AU$1.3b

A publicly owned investment manager.

Hindustan Construction

Market Cap: ₹40.4b

Provides engineering and construction services in India and internationally.

Shenzhen Zhongheng Huafa

Market Cap: CN¥2.9b

Produces and sells injection molded parts, foam parts, and liquid crystal display monitors.

Sichuan Fulin Transportation Group

Market Cap: CN¥4.9b

Sichuan Fulin Transportation Group Co., Ltd.

Shipping Corporation of India

Market Cap: ₹108.4b

A marginal liner shipping company, engages in the business of transporting goods in India.

AMCIL

Market Cap: AU$294.6m

Amcil Limited is a publicly owned investment manager.

Tianjin You Fa Steel Pipe Group Stock

Market Cap: CN¥8.8b

Tianjin You Fa Steel Pipe Group Stock Co., Ltd.