Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Taiyo KagakuLtd

Market Cap: JP¥46.9b

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

New Mauritius Hotels

Market Cap: MU₨7.2b

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

Sun

Market Cap: MU₨7.1b

Operates in the tourism sector.

JB Foods

Market Cap: S$239.1m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

Hua Na Hydropower

Market Cap: ₫5.3t

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

Padma Oil

Market Cap: ৳17.4b

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

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

Market Cap: Mex$31.4b

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

Canal Shipping Agencies

Market Cap: ج.م8.4b

Provides various shipping services to the international commercial fleet in Egypt.

Jamuna Bank

Market Cap: ৳21.9b

Provides various banking products and services in Bangladesh.

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

Market Cap: ج.م25.6b

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.

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

Market Cap: ج.م21.9b

Provides various banking products and services in Egypt.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.0b

Produces and sells fertilizers.

Bahrain National Holding Company B.S.C

Market Cap: ب.د60.1m

Bahrain National Holding Company B.S.C., together with its subsidiaries, asset management services in the Kingdom of Bahrain and other GCC countries.

Ideal Capital Berhad

Market Cap: RM 1.8b

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

Sichuan Fulin Transportation Group

Market Cap: CN¥4.5b

Sichuan Fulin Transportation Group Co., Ltd.

TSTE

Market Cap: ฿4.0b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

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.

Singapura Finance

Market Cap: S$129.3m

Provides finance services in Singapore.

Nusantara Pelabuhan Handal

Market Cap: Rp2.4t

Manages and operates container terminals in Indonesia and internationally.

Palasino Holdings

Market Cap: HK$1.8b

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

Bijou Brigitte modische Accessoires

Market Cap: €326.0m

Manufactures, imports, and sells fashion jewelry, gold and silver jewelry, fashion accessories, and complementary articles.

BAUER

Market Cap: €245.3m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Pure Cycle

Market Cap: US$237.8m

Provides water and wastewater services in the United States.

First Bancorp

Market Cap: US$312.4m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Envirotainer

Market Cap: €386.3m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.4b

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

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺32.2b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Amir Marketing and Investments in Agriculture

Market Cap: ₪456.8m

Through its subsidiaries supplies and markets agricultural inputs in Israel.

First National Bank of Botswana

Market Cap: P14.4b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 95.5b

Processes heavy bitumen crude in Africa.

HOMAG Group

Market Cap: €389.1m

Manufactures and sells machines and solutions for wood processing and timber construction industries worldwide.

Dekpol

Market Cap: zł700.8m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Transnational

Market Cap: ₦487.8b

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

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.6b

A publicly owned investment manager.

Tureks Turizm Tasimacilik Anonim Sirketi

Market Cap: ₺7.7b

Engages in group transportation, and fleet and individual vehicle rental activities in Turkey.