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.

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.

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.

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.

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.

Inverfal PerúA

Market Cap: S/1.9b

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

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.

Nexa Resources AtacochaA

Market Cap: S/470.9m

Operates as a mining company worldwide.

Productive Business Solutions

Market Cap: US$244.7m

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Alfin Banco

Market Cap: S/476.1m

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.

Liburnia Riviera Hoteli d.d

Market Cap: €151.3m

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

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Niching Industrial

Market Cap: NT$3.4b

Manufactures, markets and sells semiconductor, flat panel display, LED, green energy, and nanotechnology products.

Advancetek EnterpriseLtd

Market Cap: NT$10.9b

Advancetek Enterprise Co.,Ltd. entrusts construction companies to build national residential buildings and commercial buildings for leasing and sale in Taiwan.

HannStar Board

Market Cap: NT$48.6b

Manufactures, assembles, and sells printed circuit boards (PCBs) in Taiwan.

Machvision

Market Cap: NT$31.2b

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

Unitech Computer

Market Cap: NT$6.7b

Engages in the design, manufacture, sale, import and export of computers, computer peripheral equipment and automatic identification systems in Asia, America, Europe, and Oceania.

Viet Nam Power Development

Market Cap: ₫2.8t

Engages in the operation and management of hydropower plants.

Saha-Union

Market Cap: ฿7.9b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥3.1b

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

Zhejiang Yayi Metal TechnologyLtd

Market Cap: CN¥2.3b

ZheJiang Yayi Metal Technology Co.,Ltd engages in the research and development, production, processing, and sales of outdoor leisure furniture in China, the United States, Canada, and internationally.

An Phat Bioplastics

Market Cap: ₫3.2t

Produces and trades in plastic products in Vietnam, Singapore, the United States, Korea, and internationally.

SG Mart

Market Cap: ₹43.1b

Trades in building material products in India and internationally.

3B Blackbio Dx

Market Cap: ₹14.5b

Engages in the design, development, manufacturing, and commercialization of molecular diagnostic solutions for infectious diseases, oncology, human genetics and antimicrobial resistance in India.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

JiaXing Gas Group

Market Cap: HK$1.1b

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

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.

Fengyinhe Holdings

Market Cap: HK$2.2b

An investment holding company, provides various financial services to real estate market in the People’s Republic of China.

Woojin

Market Cap: ₩419.4b

Engages in the developing and manufacturing of industrial measuring instruments in South Korea.

Myung In Pharmaceutical

Market Cap: ₩884.8b

A pharmaceutical company, manufactures ETC and OTC drugs.