Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Kuwait Insurance CompanyK.P

Market Cap: د.ك103.5m

Provides various insurance products and services in Kuwait.

Capricorn Group

Market Cap: R11.7b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Jamuna Bank

Market Cap: ৳19.7b

Provides various banking products and services in Bangladesh.

Hospital Corporation of China

Market Cap: HK$819.0m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp23.3t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the Middle East, the United States, and internationally.

Yibin City Commercial Bank

Market Cap: HK$11.9b

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

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

Padma Oil

Market Cap: ৳17.5b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Ruentex Interior Design

Market Cap: NT$3.4b

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

Vivo Energy Mauritius

Market Cap: MU₨13.4b

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

Sun

Market Cap: MU₨7.4b

Operates in the tourism sector.

Hayleys

Market Cap: LK₨138.4b

Operates in the manufacturing, agriculture, and services sectors worldwide.

Central Finance

Market Cap: LK₨63.2b

Provides various financial solutions primarily in Sri Lanka.

China Science and Education Industry Group

Market Cap: HK$780.0m

An investment holding company, provides private higher education and vocational education services in the People’s Republic of China.

Cairo Amman Bank

Market Cap: د.أ300.0m

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

Taiyo KagakuLtd

Market Cap: JP¥39.2b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

VNV Global

Market Cap: SEK 2.8b

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺10.3b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

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.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.8b

Operates as an asset management company.

Chobe Holdings

Market Cap: P1.6b

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

Lampsa Hellenic Hotels

Market Cap: €982.7m

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

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.7b

Produces and sells fertilizers.

Amir Marketing and Investments in Agriculture

Market Cap: ₪436.2m

Supplies and markets agricultural inputs in Israel.

Telekom Networks Malawi

Market Cap: MK 363.3b

Provides telecommunication services to enterprises and individual customers in Malawi.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.9b

A publicly owned investment manager.

Chilanga Cement

Market Cap: K12.4b

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

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

Market Cap: ج.م29.6b

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.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م22.0b

Provides various banking products and services in Egypt.

Sopharma AD

Market Cap: лв1.4b

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

Namibia Breweries

Market Cap: R6.2b

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

First Investment Bank AD

Market Cap: лв745.4m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.4b

Mackolik Internet Hizmetleri Ticaret A.S.

Colorado

Market Cap: د.م1.3b

Manufactures and distributes various paints in Morocco and internationally.