Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Inverfal PerúA

Market Cap: S/1.9b

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

Southern Michigan Bancorp

Market Cap: US$113.3m

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.

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.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

Alfin Banco

Market Cap: S/476.1m

Provides various banking and financial products and services.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

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.

Nexa Resources AtacochaA

Market Cap: S/478.0m

Operates as a mining company worldwide.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Jiangsu Lianfa TextileLtd

Market Cap: CN¥5.0b

Engages in the manufacture and sale of textile products in China.

Cresco

Market Cap: JP¥72.1b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

Soracom

Market Cap: JP¥55.5b

Provides Internet of Things (IoT) based cellular connectivity solutions.

Lumax International

Market Cap: NT$12.1b

Trades in electronic components and process control instruments in Taiwan, China, and internationally.

Liburnia Riviera Hoteli d.d

Market Cap: €151.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.8b

Researches, develops, produces, and sells black sesame health products in China.

Yunnan Jinxun Resources

Market Cap: HK$5.8b

Engages in the smelting, beneficiation, deep processing, and recycling of non-ferrous metal new energy material in China and internationally.

PAN Group

Market Cap: ₫5.9t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Lungyen Life Service

Market Cap: NT$22.8b

Provides funeral facilities and services in Taiwan.

Te Chang Construction

Market Cap: NT$7.9b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

PBA Holdings Bhd

Market Cap: RM 648.7m

An investment holding company, operates as a water supplier in Malaysia.

YuanShengTai Dairy Farm

Market Cap: HK$1.4b

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

Cigniti Technologies

Market Cap: ₹46.9b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

ITCENGLOBAL

Market Cap: ₩747.2b

Provides consulting, ICT, and outsourcing services and solutions in South Korea.

Bonraybio

Market Cap: NT$4.0b

A development stage company, manufactures medical instruments and solutions for the male infertility market.

Sun

Market Cap: MU₨7.8b

Operates in the tourism sector.

Qingdao Daneng Environmental Protection Equipment

Market Cap: CN¥3.5b

Qingdao Daneng Environmental Protection Equipment Co., Ltd.

Hong Tai Electric Industrial

Market Cap: NT$11.2b

Manufactures, processes, and sells wires and cables, and communication products and accessories.

Shenzhen Coship Electronics

Market Cap: CN¥9.6b

Engages in the manufacture and sale of smart home products and services worldwide.

Advancetek EnterpriseLtd

Market Cap: NT$10.9b

Advancetek Enterprise Co.,Ltd. entrusts construction companies to build national residential buildings and commercial buildings for leasing and sale in Taiwan.

Magnate Technology

Market Cap: NT$3.2b

Manufactures and sells aircraft, mechanical equipment, and general instrument components and other related products in Taiwan, Japan, and internationally.

Shangri-La Hotel

Market Cap: ฿6.5b

Operates hotels in Bangkok and Chiang Mai provinces.

Sichuan Fulin Transportation Group

Market Cap: CN¥3.9b

Sichuan Fulin Transportation Group Co., Ltd.

Abans Financial Services

Market Cap: ₹10.2b

Operates as a non-banking finance company in India and internationally.

Qijing Machinery

Market Cap: CN¥3.5b

Researches and develops, produces, and sells electric tool parts in China.