Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Digital Mediatama Maxima

Market Cap: Rp2.4t

Operates an integrated marketing platform in Indonesia.

Jamuna Bank

Market Cap: ৳21.4b

Provides various banking products and services in Bangladesh.

Ajman Bank PJSC

Market Cap: د.إ3.9b

Provides various banking products and services for individuals, businesses, and government institutions in the United Arab Emirates.

Transnational Corporation of Nigeria

Market Cap: ₦457.8b

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

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.

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.

AblePrint Technology

Market Cap: NT$29.0b

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

Onix Solar Energy

Market Cap: ₹14.5b

Engages in the trading of non-ferrous metals in India.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Wholetech System Hitech

Market Cap: NT$9.8b

Provides system integration services in Taiwan, China, Japan, and Singapore.

CTCI Advanced Systems

Market Cap: NT$4.9b

CTCI Advanced Systems Inc., together with its subsidiaries, engineering, research, planning, design, purchase, integration, manufacture, installation, adjustment, maintenance, and operation of different software and hardware in Taiwan and internationally.

JB Foods

Market Cap: S$232.2m

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.

Intellego Technologies

Market Cap: SEK 1.6b

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

Empresas Lipigas

Market Cap: CL$932.3b

Engages in the distribution and sale of liquefied petroleum gas (LPG), natural gas (NG), and liquefied natural gas (LNG) in Chile, Peru, and Colombia.

Payton Industries

Market Cap: ₪595.4m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Ruentex Interior Design

Market Cap: NT$3.4b

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

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺12.4b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Colorado

Market Cap: د.م1.3b

Manufactures and distributes various paints in Morocco and internationally.

Smart Organic AD

Market Cap: €196.2m

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

ANSA Merchant Bank

Market Cap: TT$2.4b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

First National Bank of Botswana

Market Cap: P13.9b

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

Bank of Africa Mali

Market Cap: XOF 115.3b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

First Investment Bank AD

Market Cap: €575.5m

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

Inversiones Doalca SOCIMI

Market Cap: €156.6m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Alantra Partners

Market Cap: €348.5m

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

Arendals Fossekompani

Market Cap: NOK 8.8b

An industrial investment company, provides cyber secure satellite and mobile communications in Norway, Europe, Asia, and North America.

Amir Marketing and Investments in Agriculture

Market Cap: ₪457.5m

Through its subsidiaries supplies and markets agricultural inputs in Israel.

C. Mer Industries

Market Cap: ₪604.9m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Mangold Fondkommission

Market Cap: SEK 904.0m

Provides financial services to companies, institutions, and private individuals in Sweden.

GB Holdings

Market Cap: US$55.0m

Produces rubber and chemical products in Zimbabwe.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺6.5b

Operates as an asset management company in Turkey.

Analyst I.M.S. Investment Management Services

Market Cap: ₪2.0b

A publicly owned investment manager.

Alumil Aluminium Industry

Market Cap: €175.0m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 465.8b

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