Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Morris State Bancshares

Market Cap: US$219.4m

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

SALUS Ljubljana d. d

Market Cap: €252.9m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Jordanian Duty Free Shops

Market Cap: د.أ135.2m

Invests in, operates, and manages duty-free shops.

Shangri-La Hotel

Market Cap: ฿6.0b

Operates hotels in Bangkok and Chiang Mai provinces.

National Investments Company K.S.C.P

Market Cap: د.ك206.4m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

Bank Ganesha

Market Cap: Rp2.0t

Provides various general banking products and services for individuals and businesses in Indonesia.

Co-Tech Development

Market Cap: NT$12.2b

Engages in the production and sale of copper foil for printed circuit board industry in Taiwan and China.

Invest Bank

Market Cap: د.أ195.0m

Provides various banking and related financial services in Jordan.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك37.8m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

National Industries Group Holding - KPSC

Market Cap: د.ك604.7m

Through its subsidiaries, engages in the building materials, petrochemicals, oil and gas services, mechanical industries, utilities, real estate, infrastructure, and financial services in Kuwait and internationally.

Lion Rock Group

Market Cap: HK$1.0b

An investment holding company, provides printing services to international book publishers, trade, professional, and educational publishing conglomerates, as well as print media companies.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك45.1m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Lee's Pharmaceutical Holdings

Market Cap: HK$777.3m

An investment holding company, develops, manufactures, markets, and sells pharmaceutical products primarily in the People's Republic of China.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Dwi Guna Laksana

Market Cap: Rp2.4t

Engages in the coal mining and trading activities in Indonesia.

Cardig Aero Services

Market Cap: Rp4.1t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.4t

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

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س826.0m

Engages in the wholesale and retail trade of medical supplies for the aesthetic market in the Kingdom of Saudi Arabia.

Soft-World International

Market Cap: NT$17.8b

Develops, operates, and distributes games in Taiwan and China.

Sun

Market Cap: MU₨6.2b

Operates in the tourism sector.

Bank MNC Internasional

Market Cap: Rp2.4t

Provides various banking products and services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥29.2b

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

Cita Mineral Investindo

Market Cap: Rp15.8t

Engages in bauxite mining activities in Indonesia.

Baazeem Trading

Market Cap: ر.س608.5m

Operates as a FMCG distribution company.

Mitake Information

Market Cap: NT$3.3b

Provides mobile financial information trading platform in Taiwan.

Waja

Market Cap: ر.س513.8m

Engages in the construction, media and communication, and information technology businesses.

Sure Global Tech

Market Cap: ر.س616.0m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Jamuna Bank

Market Cap: ৳17.1b

Provides various banking products and services in Bangladesh.

Savior Lifetec

Market Cap: NT$6.3b

A specialty injectable company, develops, produces, and supplies sterile active pharmaceutical ingredients and finished dosage formulations.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك422.1m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.