Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 482.2b

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

Darwin

Market Cap: €97.8m

Operates in the healthcare industry.

Freetrailer Group

Market Cap: €854.0m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Onix Solar Energy

Market Cap: ₹14.2b

Engages in the trading of non-ferrous metals in India.

Morris State Bancshares

Market Cap: US$268.4m

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

Jadranski naftovod d.d

Market Cap: €826.3m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

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

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

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.

Inverfal PerúA

Market Cap: S/1.9b

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Productive Business Solutions

Market Cap: US$244.7m

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

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Alfin Banco

Market Cap: S/476.1m

Provides various banking and financial products and services.

Southern Michigan Bancorp

Market Cap: US$113.3m

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.

Nexa Resources AtacochaA

Market Cap: S/470.9m

Operates as a mining company worldwide.

Saint-Gobain Sekurit India

Market Cap: ₹9.2b

Manufactures and sells laminated and tempered automotive glass 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.

Oriental Precision & EngineeringLtd

Market Cap: ₩383.5b

Oriental Precision & Engineering Co.,Ltd.

Nestlé Pakistan

Market Cap: PK₨360.6b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Xuchang Yuandong Drive ShaftLtd

Market Cap: CN¥6.0b

Engages in the research, development, production, and sale of transmission drive shafts and related components in China and internationally.

Gem-Year IndustrialLtd

Market Cap: CN¥4.9b

Engages in the research, development, production, and sale of fasteners and hardware tools in China, the United States, Japan, Europe, and internationally.

Practic

Market Cap: RON 950.3m

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

Park Medi World

Market Cap: ₹65.4b

Operates a network of hospitals.

Center International GroupLtd

Market Cap: CN¥7.7b

Provides building metal enclosure systems solutions in China.

Maxigen Biotech

Market Cap: NT$3.8b

Researches, develops, produces, and sells implantable medical devices and cosmetic products in Taiwan, America, Europe, rest of Asia, and internationally.

Lucky Cement

Market Cap: NT$6.1b

Manufactures and sells cement, stone, and other cement-related products in the People’s Republic of China.

Cota

Market Cap: JP¥32.4b

Manufactures and sells of hair cosmetics and quasi drugs in Japan and internationally.

PC Jeweller

Market Cap: ₹75.2b

Manufactures, sells, and trades in gold, diamond, silver articles, precious stone, and gold and diamond studded jewelry in India.

Woori Technology Investment

Market Cap: ₩573.9b

A venture capital firm specializing in venture fund, mezzanine fund project fund, venture capital and small & medium companies investments.

Vinacomin - Power Holding

Market Cap: ₫9.2t

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.

Hua Na Hydropower

Market Cap: ₫5.5t

Engages in the investment, production, and trading of electricity in Vietnam.

OUG Holdings

Market Cap: JP¥21.3b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Grade Upon Technology

Market Cap: NT$16.6b

Provides customized integrated solutions, IoT sensors, AI-powered machine vision, machine hearing, and machine olfaction to enable equipment networking, data acquisition, and AI-based anomaly detection systems.