Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Freetrailer Group

Market Cap: €789.2m

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

Central Forest Group

Market Cap: JP¥22.3b

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

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.

Southern Michigan Bancorp

Market Cap: US$117.5m

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$105.6m

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

Union Bankshares

Market Cap: US$111.7m

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

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

Security Federal

Market Cap: US$105.8m

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

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Procimmo Group

Market Cap: CHF 373.9m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Guangzhou Ruili Kormee Automotive Electronic

Market Cap: CN¥10.6b

Guangzhou Ruili Kormee Automotive Electronic Co., Ltd.

Jadranski naftovod d.d

Market Cap: €765.8m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia 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.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Inverfal PerúA

Market Cap: S/1.5b

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

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Practic

Market Cap: RON 950.3m

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

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.

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.

VICOM

Market Cap: S$595.7m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Kung Sing Engineering

Market Cap: NT$10.1b

Engages in the construction business in Taiwan.

YuanShengTai Dairy Farm

Market Cap: HK$1.5b

A dairy farming company, engages in the production and sale of raw cow milk in the People’s Republic of China.

ShenZhen QiangRui Precision Technology

Market Cap: CN¥10.4b

ShenZhen QiangRui Precision Technology Co., Ltd.

Najran Cement

Market Cap: ر.س1.0b

Engages in the manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Sichuan Haite High-techLtd

Market Cap: CN¥8.8b

Provides aircraft airborne equipment maintenance services in China.

Poly Plastic Masterbatch (SuZhou)Ltd

Market Cap: CN¥6.6b

Engages in the research and development, production, and sale of chemical fiber solution colorings and advanced functional modified materials in China and internationally.

Li Ming Development Construction

Market Cap: NT$3.7b

Li Ming Development Construction Co., Ltd.

Changchun FAWAY Group Automobile Components

Market Cap: CN¥7.4b

Engages in the design, manufacture and sales of automotive interior and exterior parts and components in China.

Sambhv Steel Tubes

Market Cap: ₹28.2b

Manufactures and sells electric resistance welded steel pipes, structural tubes, and stainless-steel coils in India.

Maharashtra Seamless

Market Cap: ₹73.2b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Brillian Network & Automation Integrated System

Market Cap: NT$11.6b

Brillian Network & Automation Integrated System Co.

Shenzhen Jdd Tech New Material

Market Cap: CN¥6.9b

Engages in the research, design, development, production and sale of modified polymer protective materials in China.