Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Inverfal PerúA

Market Cap: S/1.9b

Engages in investing in fixed or variable income securities in Peru.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

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.

Security Federal

Market Cap: US$104.6m

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

Morris State Bancshares

Market Cap: US$265.4m

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

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Envipro Holdings

Market Cap: JP¥17.7b

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

Vinacomin - Power Holding

Market Cap: ₫8.2t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Imuraya Group

Market Cap: JP¥32.7b

Manufactures and sells various food products in Japan and internationally.

E J Holdings

Market Cap: JP¥31.7b

Through its subsidiaries, engages in the civil engineering consultant business in Japan and internationally.

Ebara JitsugyoLtd

Market Cap: JP¥51.2b

Manufactures and sells environmentally related products in Japan.

Dear LifeLtd

Market Cap: JP¥56.0b

Engages in the real estate business in Japan.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م33.0b

Produces and sells fertilizers.

Techno Ryowa

Market Cap: JP¥136.1b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

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

Market Cap: ج.م26.6b

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.م20.9b

Provides various banking products and services in Egypt.

Canal Shipping Agencies

Market Cap: ج.م10.5b

Provides various shipping services to the international commercial fleet in Egypt.

Dn Agrar Group

Market Cap: RON 445.5m

Engages in the production of cow milk.

Namibia Breweries

Market Cap: R6.2b

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

Capricorn Group

Market Cap: R13.2b

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

Central Forest Group

Market Cap: JP¥22.5b

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

Practic

Market Cap: RON 950.3m

Engages in the lease and sublease of real estate properties in Romania.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft39.9b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

Procimmo Group

Market Cap: CHF 360.4m

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

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Evergent Investments

Market Cap: RON 2.4b

A publicly owned investment manager.

SALUS Ljubljana d. d

Market Cap: €402.7m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Southern Michigan Bancorp

Market Cap: US$111.1m

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.

Productive Business Solutions

Market Cap: US$188.2m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

Gallantt Ispat

Market Cap: ₹133.3b

Engages in manufacture and sale of iron and steel products in India.

Banyan Tree Holdings

Market Cap: S$541.8m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

Machvision

Market Cap: NT$33.2b

Develops and sells machine vision systems for semiconductor and printed circuit board (PCB) industry in Taiwan.