Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Morris State Bancshares

Market Cap: US$268.1m

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

Jadranski naftovod d.d

Market Cap: €826.3m

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

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.

Hua Na Hydropower

Market Cap: ₫5.2t

Engages in the investment, production, and trading of electricity in Vietnam.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Kuwait Insurance CompanyK.P

Market Cap: د.ك117.9m

Provides various insurance products and services in Kuwait.

Gulf Insurance Group - Jordan

Market Cap: د.أ81.4m

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

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Hearts and Minds Investments

Market Cap: AU$719.0m

n/a

Padma Oil

Market Cap: ৳16.6b

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

Qassim Cement

Market Cap: ر.س4.7b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Najran Cement

Market Cap: ر.س1.1b

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

Advanced International Multitech

Market Cap: NT$11.3b

Advanced International Multitech Co., Ltd.

Sinopower Semiconductor

Market Cap: NT$5.2b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

Energy World

Market Cap: AU$187.0m

An independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region.

Sun

Market Cap: MU₨7.8b

Operates in the tourism sector.

TSTE

Market Cap: ฿4.2b

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

Palasino Holdings

Market Cap: HK$1.9b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

Cairo Amman Bank

Market Cap: د.أ296.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ144.7m

9649273 Jordanian Duty Free Shops invests in, operates, and manages duty-free shops.

Taiyo KagakuLtd

Market Cap: JP¥44.2b

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

Yibin City Commercial Bank

Market Cap: HK$12.0b

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

Li Ming Development Construction

Market Cap: NT$4.0b

Li Ming Development Construction Co., Ltd.

Shangri-La Hotel

Market Cap: ฿6.5b

Operates hotels in Bangkok and Chiang Mai provinces.

Vivo Energy Mauritius

Market Cap: MU₨13.0b

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

Jamuna Bank

Market Cap: ৳21.1b

Provides various banking products and services in Bangladesh.

Joyce

Market Cap: AU$153.2m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

JiaXing Gas Group

Market Cap: HK$1.1b

Engages in the sale of piped natural gas (PNG) in Mainland China.

Transnational Corporation of Nigeria

Market Cap: ₦505.6b

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

Niching Industrial

Market Cap: NT$3.3b

Manufactures, markets and sells semiconductor, flat panel display, LED, green energy, and nanotechnology products.

AIICO Insurance

Market Cap: ₦151.9b

Provides risk underwriting and related financial services in Nigeria.

Billion Industrial Holdings

Market Cap: HK$9.8b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Wema Bank

Market Cap: ₦922.7b

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك193.7m

Engages in insurance and reinsurance operations in Kuwait.

Central Forest Group

Market Cap: JP¥22.2b

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