Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

Fengyinhe Holdings

Market Cap: HK$4.1b

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

Changjiu Holdings

Market Cap: HK$1.3b

An investment holding company, provides pledged vehicle monitoring and automobile dealership operation management services in China.

Daphne International Holdings

Market Cap: HK$811.2m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

Bank Danamon Indonesia

Market Cap: Rp23.8t

Provides banking services for retail, small and medium enterprises (SMEs), and corporate customers in Indonesia.

Lee's Pharmaceutical Holdings

Market Cap: HK$953.9m

An investment holding company, develops, manufactures, markets, and sells pharmaceutical products in the People's Republic of China, Hong Kong, and internationally.

Wison Engineering Services

Market Cap: HK$1.6b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Menthobi Karyatama Raya

Market Cap: Rp1.8t

Engages in the cultivation and development of palm oil plantations; and crude palm oil processing activities and related derivative products primarily in Indonesia.

YuanShengTai Dairy Farm

Market Cap: HK$1.2b

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

Fortune Mate Indonesia

Market Cap: Rp1.9t

Provides real estate development and construction services in Indonesia.

Cisadane Sawit Raya

Market Cap: Rp1.9t

Engages in the oil palm plantation business in Indonesia and internationally.

Palasino Holdings

Market Cap: HK$1.9b

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

Acsion

Market Cap: R3.6b

Engages in property holding and development activities in South Africa and internationally.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺19.1b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Blume Metal Kimya Anonim Sirketi

Market Cap: ₺9.3b

Operates in the tourism, construction, and energy sectors in Turkey.

Surya Toto Indonesia

Market Cap: Rp2.8t

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

Purple Group

Market Cap: R3.0b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Surya Citra Media

Market Cap: Rp21.1t

Provides multimedia services in Indonesia.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 477.0b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Aesler Grup Internasional

Market Cap: Rp4.7t

Provides architectural and construction management services in Indonesia.

Master Drilling Group

Market Cap: R2.5b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Energy World

Market Cap: AU$204.4m

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

Central Forest Group

Market Cap: JP¥22.8b

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

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E)

Market Cap: Mex$27.3b

Fideicomiso Irrevocable Numero Cib/2919 (Cfe Fibra E) was founded in 2018 and is based in Mexico.

ASA Gold and Precious Metals

Market Cap: US$1.2b

A publicly owned investment manager.

Epsilon Energy

Market Cap: US$116.6m

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.

FRMO

Market Cap: US$336.8m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Dwi Guna Laksana

Market Cap: Rp2.8t

Engages in the coal mining and trading activities in Indonesia.

FineMark Holdings

Market Cap: US$467.8m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Affinity Bancshares

Market Cap: US$130.3m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Pure Cycle

Market Cap: US$267.2m

Provides water and wastewater services in the United States.

Senstar Technologies

Market Cap: US$103.8m

Provides physical, video, and access control security products and solutions worldwide.

Q P Group Holdings

Market Cap: HK$861.8m

An investment holding company, manufactures and trades in paper products in the People’s Republic of China, the United States, Europe, and internationally.

Huasi Holding

Market Cap: CN¥2.0b

Operates in the fur industry in China, Europe, Russia, the United States, Japan, South Korea, Hong Kong, and internationally.

Dear LifeLtd

Market Cap: JP¥56.1b

Engages in the real estate business in Japan.