Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Guangzhou Ruili Kormee Automotive Electronic

Market Cap: CN¥10.6b

Guangzhou Ruili Kormee Automotive Electronic Co., Ltd.

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

TSTE

Market Cap: ฿4.1b

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

Freetrailer Group

Market Cap: €800.6m

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

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.

Intellego Technologies

Market Cap: SEK 1.6b

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

Capricorn Group

Market Cap: R13.3b

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

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.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Union Bankshares

Market Cap: US$113.8m

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

First Northern Community Bancorp

Market Cap: US$224.3m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Epsilon Energy

Market Cap: US$145.0m

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.

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.

Namibia Breweries

Market Cap: R6.2b

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

Practic

Market Cap: RON 950.3m

Engages in the lease and sublease of real estate properties in Romania.

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.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Productive Business Solutions

Market Cap: US$188.2m

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

Oxford Bank

Market Cap: US$105.6m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Inverfal PerúA

Market Cap: S/1.5b

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

Surya Toto Indonesia

Market Cap: Rp2.7t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Fengyinhe Holdings

Market Cap: HK$2.3b

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.3b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Cystech Electronics

Market Cap: NT$3.4b

Designs, develops, manufactures, and supplies power devices for the computing, consumer electronics, communication, and industrial markets worldwide.

Nanjing Well Pharmaceutical GroupLtd

Market Cap: CN¥3.8b

Nanjing Well Pharmaceutical Group Co.,Ltd.

House of Investments

Market Cap: ₱7.1b

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

Grade Upon Technology

Market Cap: NT$19.7b

Provides customized integrated solutions, IoT sensors, AI-powered machine vision, machine hearing, and machine olfaction to enable equipment networking, data acquisition, and AI-based anomaly detection systems.

Toho

Market Cap: JP¥41.6b

Through its subsidiaries, engages in the food wholesale, cash and carry, and supermarket businesses primarily in Japan.

Careerlink

Market Cap: JP¥32.4b

Provides human resource services in Japan.

CAC Holdings

Market Cap: JP¥34.4b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

Cota

Market Cap: JP¥35.6b

Manufactures and sells of hair cosmetics and quasi drugs in Japan and internationally.

FALCO HOLDINGS

Market Cap: JP¥26.8b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.