Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Onix Solar Energy

Market Cap: ₹14.8b

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

Namibia Breweries

Market Cap: R6.2b

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

Liburnia Riviera Hoteli d.d

Market Cap: €157.4m

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

Oakworth Capital

Market Cap: US$195.0m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Security Federal

Market Cap: US$105.8m

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

Morris State Bancshares

Market Cap: US$276.6m

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

Productive Business Solutions

Market Cap: US$188.2m

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

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.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Inverfal PerúA

Market Cap: S/1.5b

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

Southern Michigan Bancorp

Market Cap: US$117.0m

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.

Oxford Bank

Market Cap: US$104.0m

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

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Nexa Resources AtacochaA

Market Cap: S/1.4b

Operates as a mining company worldwide.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Hoshi Iryo-Sanki

Market Cap: JP¥15.7b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Tibet Rhodiola Pharmaceutical Holding

Market Cap: CN¥13.5b

Tibet Rhodiola Pharmaceutical Holding Co.

JiaXing Gas Group

Market Cap: HK$1.2b

Engages in the sale of piped natural gas (PNG) in Mainland China.

Standard Chartered Bank Kenya

Market Cap: KSh127.2b

Provides various banking products and services for individuals and businesses.

Torigoe

Market Cap: JP¥24.9b

Manufactures and sells flours and related products in Japan.

Cita Mineral Investindo

Market Cap: Rp17.7t

Engages in bauxite mining activities in Indonesia.

Nusantara Pelabuhan Handal

Market Cap: Rp2.8t

Manages and operates container terminals in Indonesia and internationally.

Luxchem Corporation Berhad

Market Cap: RM 406.2m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

Natural Food International Holding

Market Cap: HK$2.5b

An investment holding company, manufactures and sells natural health food products in China.

China Bohai Bank

Market Cap: HK$15.6b

Provides various personal and corporate banking products and services in the People’s Republic of China.

Shangri-La Hotel

Market Cap: ฿6.7b

Operates hotels in Bangkok and Chiang Mai provinces.

Goldiam International

Market Cap: ₹44.4b

Manufactures and sells gold/silver/platinum and diamond studded jewelry products in India.

Wowow

Market Cap: JP¥39.2b

Provides broadcasting and related services in Japan.

YH Entertainment Group

Market Cap: HK$2.1b

An investment holding company, operates as an artist management company in Mainland China and Korea.

Lippo Cikarang

Market Cap: Rp4.1t

Develops real estate and industrial estate projects in Indonesia.

Wison Engineering Services

Market Cap: HK$1.5b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

HeBei Jinniu Chemical IndustryLtd

Market Cap: CN¥6.0b

Engages in the production and operation of methanol products in China.

Iljin DiamondLtd

Market Cap: ₩196.8b

Iljin Diamond Co., Ltd. manufactures and sells tool materials in South Korea, the United States, Europe, Japan, China, and internationally.

Suzhou Fengbei Biotech Stock

Market Cap: CN¥7.9b

Manufactures and sells resource-based products from utilization of natural oil and fat resources in China.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥3.7b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.