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.

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.

Namibia Breweries

Market Cap: R6.2b

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

Capricorn Group

Market Cap: R13.3b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Seneca Foods

Market Cap: US$810.1m

Provides packaged fruits and vegetables in the United States and internationally.

Morris State Bancshares

Market Cap: US$287.2m

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

Grendene

Market Cap: R$4.5b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Pure Cycle

Market Cap: US$264.5m

Provides water and wastewater services in the United States.

Epsilon Energy

Market Cap: US$141.7m

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.

Itafos

Market Cap: CA$599.0m

Operates as a phosphate and specialty fertilizer company.

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.

Guardian Capital Group

Market Cap: CA$1.6b

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, and internationally.

Nexa Resources AtacochaA

Market Cap: S/1.4b

Operates as a mining company worldwide.

Union Bankshares

Market Cap: US$112.0m

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

Freetrailer Group

Market Cap: €794.9m

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

Productive Business Solutions

Market Cap: US$188.2m

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

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

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.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Intellego Technologies

Market Cap: SEK 1.6b

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

Guangzhou Ruili Kormee Automotive Electronic

Market Cap: CN¥10.6b

Guangzhou Ruili Kormee Automotive Electronic Co., Ltd.

Inverfal PerúA

Market Cap: S/1.5b

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

MNtech

Market Cap: ₩329.4b

Manufactures and sells optical films for televisions in South Korea.

KNJ

Market Cap: ₩260.6b

Manufactures and sells equipment and parts for display panels and semiconductors in Korea and internationally.

Hangzhou Xili Intelligent TechnologyLtd

Market Cap: CN¥2.4b

Hangzhou Xili Intelligent Technology Co.,Ltd.

Jiangsu Gian Technology

Market Cap: CN¥7.4b

Manufactures and sells metal injection molding products in China and internationally.

Kuwait Insurance CompanyK.P

Market Cap: د.ك112.7m

Provides various insurance products and services in Kuwait.

Gem-Year IndustrialLtd

Market Cap: CN¥5.4b

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

PC Jeweller

Market Cap: ₹80.2b

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

Xuchang Yuandong Drive ShaftLtd

Market Cap: CN¥5.9b

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

Marusan Securities

Market Cap: JP¥72.7b

Engages in the financial products trading business in Japan.