Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Padma Oil

Market Cap: ৳16.5b

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك190.2m

Engages in insurance and reinsurance operations in Kuwait.

Arab Banking Corporation (B.S.C.)

Market Cap: US$974.8m

Provides wholesale banking services worldwide.

Cairo Amman Bank

Market Cap: د.أ288.0m

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

Soft-World International

Market Cap: NT$15.6b

Develops, operates, and distributes games in Taiwan and China.

Kuwait Insurance CompanyK.P

Market Cap: د.ك119.0m

Provides various insurance products and services in Kuwait.

Billion Industrial Holdings

Market Cap: HK$9.9b

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.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

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

Jamuna Bank

Market Cap: ৳20.9b

Provides various banking products and services in Bangladesh.

Intellego Technologies

Market Cap: SEK 1.6b

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

AblePrint Technology

Market Cap: NT$27.8b

Operates as a process solution provider for reducing process issues for various industries in Taiwan and internationally.

Advanced International Multitech

Market Cap: NT$11.1b

Advanced International Multitech Co., Ltd.

Dwi Guna Laksana

Market Cap: Rp2.8t

Engages in the coal mining and trading activities in Indonesia.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Grade Upon Technology

Market Cap: NT$17.1b

Provides customized integrated solutions, IoT sensors, AI-powered machine vision, machine hearing, and machine olfaction to enable equipment networking, data acquisition, and AI-based anomaly detection systems.

Menthobi Karyatama Raya

Market Cap: Rp1.9t

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

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Taiyo KagakuLtd

Market Cap: JP¥44.6b

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

Digital Mediatama Maxima

Market Cap: Rp2.4t

Operates an integrated marketing platform in Indonesia.

Alantra Partners

Market Cap: €350.0m

Engages in the investment banking and asset management services in Spain and internationally.

Blume Metal Kimya Anonim Sirketi

Market Cap: ₺7.9b

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

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €93.4m

Provides electronic toll collection systems in France, rest of the European Union, rest of Europe, Asia, the Americas, and Africa.

Telekom Networks Malawi

Market Cap: MK 346.1b

Provides telecommunication services to enterprises and individual customers in Malawi.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

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

Famous Brands

Market Cap: R5.5b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Acsion

Market Cap: R3.6b

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

Standard Bank

Market Cap: MK 998.1b

Provides banking and other related services in Malawi.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft53.0b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

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.

Transnational Corporation of Nigeria

Market Cap: ₦457.8b

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

Nigerian Aviation Handling

Market Cap: ₦220.2b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

SALUS Ljubljana d. d

Market Cap: €435.6m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

AB Akola Group

Market Cap: €307.3m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

AIICO Insurance

Market Cap: ₦147.2b

Provides risk underwriting and related financial services in Nigeria.