Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Southern Michigan Bancorp

Market Cap: US$111.1m

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.

Li Ming Development Construction

Market Cap: NT$4.3b

Li Ming Development Construction Co., Ltd.

Sopharma AD

Market Cap: лв1.4b

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Morris State Bancshares

Market Cap: US$264.7m

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

Inverfal PerúA

Market Cap: S/1.9b

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

Productive Business Solutions

Market Cap: US$173.2m

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Central Cooperative Bank AD

Market Cap: лв244.1m

A commercial bank, provides various financial products and services.

Tri-County Financial Group

Market Cap: US$116.5m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Intellego Technologies

Market Cap: SEK 1.6b

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

First Investment Bank AD

Market Cap: лв864.7m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Darwin

Market Cap: €93.0m

Operates in the healthcare industry.

Freetrailer Group

Market Cap: €753.0m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.8b

Develops, manufactures, and sells medicines in Bulgaria.

Smart Organic AD

Market Cap: лв369.7m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Oakworth Capital

Market Cap: US$203.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Hearts and Minds Investments

Market Cap: AU$725.9m

n/a

Chin Hsin Environ Engineering

Market Cap: NT$3.4b

Provides general, hazardous industrial, and biomedical waste removal and treatment services in Taiwan.

Tibet Development

Market Cap: CN¥2.9b

Engages in the production and sale of beer in China.

Saison Technology

Market Cap: JP¥36.0b

Engages in the system development and operation, and software package businesses in Japan.

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Quality Reliability Technology

Market Cap: ₩185.8b

Provides semiconductor reliability evaluation and defect analysis services in South Korea and internationally.

Anfu CE LINK

Market Cap: CN¥3.6b

Researches, designs, develops, manufactures, sells, and services electronic signal transmission adaptation products and other consumer electronics products.

Hollyland (China) Electronics Technology

Market Cap: CN¥2.9b

Engages in the research and development, production, and sale of circuit protection products in China and internationally.

Billion Industrial Holdings

Market Cap: HK$10.0b

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.

Techno Ryowa

Market Cap: JP¥136.1b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Citra Tubindo

Market Cap: Rp4.7t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Bank Ganesha

Market Cap: Rp2.9t

Provides various general banking products and services for individuals and businesses in Indonesia.

BLS E-Services

Market Cap: ₹18.4b

A technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally.

Vinacomin - Power Holding

Market Cap: ₫8.2t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

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.

Hi-Lex

Market Cap: JP¥115.7b

Operates in the automotive, industrial equipment, and medical equipment sectors in Japan and internationally.