Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Senstar Technologies

Market Cap: US$103.8m

Provides physical, video, and access control security products and solutions worldwide.

Li Ming Development Construction

Market Cap: NT$4.3b

Li Ming Development Construction Co., Ltd.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

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.

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.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Union Bankshares

Market Cap: US$107.4m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Epsilon Energy

Market Cap: US$114.7m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

Sopharma AD

Market Cap: лв1.4b

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

Morris State Bancshares

Market Cap: US$264.7m

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

Hollyland (China) Electronics Technology

Market Cap: CN¥2.9b

Engages in the research and development, production, and sale of circuit protection products in China and internationally.

Billion Industrial Holdings

Market Cap: HK$10.0b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Hi-Lex

Market Cap: JP¥115.7b

Operates in the automotive, industrial equipment, and medical equipment sectors in Japan and internationally.

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Hearts and Minds Investments

Market Cap: AU$725.9m

n/a

Chin Hsin Environ Engineering

Market Cap: NT$3.4b

Provides general, hazardous industrial, and biomedical waste removal and treatment services in Taiwan.

Saison Technology

Market Cap: JP¥36.0b

Engages in the system development and operation, and software package businesses in Japan.

Quality Reliability Technology

Market Cap: ₩185.8b

Provides semiconductor reliability evaluation and defect analysis services in South Korea and internationally.

Anfu CE LINK

Market Cap: CN¥3.6b

Researches, designs, develops, manufactures, sells, and services electronic signal transmission adaptation products and other consumer electronics products.

Tibet Development

Market Cap: CN¥2.9b

Engages in the production and sale of beer in China.

Darwin

Market Cap: €93.0m

Operates in the healthcare industry.

First Investment Bank AD

Market Cap: лв864.7m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.8b

Develops, manufactures, and sells medicines in Bulgaria.

Smart Organic AD

Market Cap: лв369.7m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Oakworth Capital

Market Cap: US$203.8m

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

Bonny Worldwide

Market Cap: NT$8.8b

Engages in the manufacture and sale of OEM and ODM carbon fiber rackets and related sporting goods in China.

Baazeem Trading

Market Cap: ر.س637.9m

Operates as a FMCG distribution company.

Qassim Cement

Market Cap: ر.س4.6b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Nofoth Food Products

Market Cap: ر.س907.9m

Produces and sells bakery products in Saudi Arabia.

Oriental Precision & EngineeringLtd

Market Cap: ₩351.2b

Oriental Precision & Engineering Co.,Ltd.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥4.4b

Engages in the material transmission, warehousing, logistics, and sorting systems in industrial production in China.

First Investment Company K.S.C.P

Market Cap: د.ك54.0m

First Investment Company K.S.C.C. is a Shariah compliant privately owned investment manager.

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥4.5b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.