Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Nigerian Aviation Handling

Market Cap: ₦370.1b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Jamuna Bank

Market Cap: ৳21.3b

Provides various banking products and services in Bangladesh.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ629.3m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Taiyo KagakuLtd

Market Cap: JP¥43.7b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Tait Marketing & Distribution

Market Cap: NT$3.6b

Engages in the marketing, agency, and distribution of various foods, beverages, liquors, and supplies in Taiwan.

PINAGO UTAMA

Market Cap: Rp2.5t

Engages in the oil palm and rubber plantation business in Indonesia.

Spectrum Electrics

Market Cap: NT$5.5b

Engages in the research, design, development, manufacture, lamination, processing, sale, and trading of multilayer laminated substrates and various electronic components in Taiwan, rest of Asia, and Europe.

Daphne International Holdings

Market Cap: HK$811.2m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

AIICO Insurance

Market Cap: ₦150.1b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦1.1t

Provides banking and other financial services to corporate and individual customers in Nigeria.

Vivo Energy Mauritius

Market Cap: MU₨13.5b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Sun

Market Cap: MU₨7.1b

Operates in the tourism sector.

Bank Ganesha

Market Cap: Rp2.7t

Provides various general banking products and services for individuals and businesses in Indonesia.

Shandong Sinoglory Health Food

Market Cap: CN¥2.7b

Manufactures soy proteins in China.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م21.9b

Provides various banking products and services in Egypt.

Yeni Gimat Gayrimenkul Yatirim Ortakligi

Market Cap: ₺50.3b

Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S.

NameSilo Technologies

Market Cap: US$105.9m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

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

Market Cap: ج.م27.6b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.5b

A publicly owned investment manager.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals services in South America, Central America, and North America.

Potasios de Chile

Market Cap: CL$1.1t

Invests in shares and other financial instruments in Chile.

ABG Sundal Collier Holding

Market Cap: NOK 4.1b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €495.4m

Operates as a cooperative bank in France.

Padma Oil

Market Cap: ৳17.3b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Transnational

Market Cap: ₦487.8b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

New Mauritius Hotels

Market Cap: MU₨7.1b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

JB Foods

Market Cap: S$233.9m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

House of Investments

Market Cap: ₱7.0b

An investment holding company, engages in the automotive, property and property services, financial services, and education businesses in the Philippines and internationally.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺7.0b

Produces and sells food products in Turkey.

Pasifik Eurasia Lojistik Dis Ticaret

Market Cap: ₺83.3b

Pasifik Eurasia Lojistik Dis Ticaret A.S.

Affinity Bancshares

Market Cap: US$119.5m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

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.

Quest Holdings

Market Cap: €660.7m

Engages in the distribution of information technology and telecommunications products in Greece, Romania, Cyprus, Luxembourg, Belgium, Spain, and Italy.

Tri-County Financial Group

Market Cap: US$123.1m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services, and insurance services to individuals and businesses in the United States.