Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$31.4b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Gulf Insurance Group - Jordan

Market Cap: د.أ81.9m

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

Upbest Group

Market Cap: HK$1.7b

An investment holding company, provides financial services in Hong Kong, Macau, and the People’s Republic of China.

Ideal Capital Berhad

Market Cap: RM 1.8b

An investment holding company, engages in the property development business in Malaysia.

Central Forest Group

Market Cap: JP¥22.6b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Taiyo KagakuLtd

Market Cap: JP¥46.5b

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

Nigerian Aviation Handling

Market Cap: ₦356.7b

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

Ceylinco Holdings

Market Cap: LK₨75.6b

Ceylinco Holdings PLC underwrites various classes of general and life insurance products primarily in Sri Lanka.

Hoshi Iryo-Sanki

Market Cap: JP¥16.6b

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

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.

Jamuna Bank

Market Cap: ৳21.9b

Provides various banking products and services in Bangladesh.

Security Federal

Market Cap: US$106.7m

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

New Mauritius Hotels

Market Cap: MU₨7.2b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Nusantara Pelabuhan Handal

Market Cap: Rp2.6t

Manages and operates container terminals in Indonesia and internationally.

Yulie Sekuritas Indonesia

Market Cap: Rp5.3t

Operates as a securities company in Indonesia.

Padma Oil

Market Cap: ৳17.3b

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

AIICO Insurance

Market Cap: ₦151.9b

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₨13.1b

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

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.

Terminal X Online

Market Cap: ₪984.9m

Engages in the marketing and sale of fashion and lifestyle products in Israel.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.5b

Provides a range of banking and financial products and services to individuals, farmers, professionals, companies, private banking, and public authorities and associations in France.

Smart Shooter

Market Cap: ₪957.9m

Designs and develops fire control systems in Israel, North America, Europe, Australia and New Zealand.

Bank of the James Financial Group

Market Cap: US$100.5m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Odlewnie Polskie

Market Cap: zł398.2m

Produces and sells castings in Germany, the Czech Republic, the Netherlands, the United States, Sweden, Hungary, Great Britain, Austria, Slovakia, Denmark, Turkey, Spain, Italy, Switzerland, France, and Serbia.

Anbio Biotechnology

Market Cap: US$1.3b

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

MCH Group

Market Cap: CHF 126.8m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Banque Nationale Agricole Société anonyme

Market Cap: د.ت963.4m

Provides various banking products and services in Tunisia.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺8.8b

Produces and sells food products in Turkey.

Pasifik Eurasia Lojistik Dis Ticaret

Market Cap: ₺81.2b

Pasifik Eurasia Lojistik Dis Ticaret A.S.

Zimbabwe Stock Exchange Holdings

Market Cap: US$113.0m

Operates as a securities exchange.

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

Market Cap: ج.م23.7b

Provides various banking products and services in Egypt.

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

Market Cap: ج.م34.2b

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.

Chilanga Cement

Market Cap: K14.0b

Engages in the manufacture and sale of cement products in Zambia.