Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

M & A Equity Holdings Berhad

Market Cap: RM 440.1m

An investment holding company, engages in the financial services, investment holding, and property investment and development businesses in Malaysia.

PBA Holdings Bhd

Market Cap: RM 648.7m

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

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.

Union Bankshares

Market Cap: US$114.1m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

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

Freetrailer Group

Market Cap: €819.7m

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

Mulpha International Bhd

Market Cap: RM 887.9m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Luxchem Corporation Berhad

Market Cap: RM 411.6m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

MKH Berhad

Market Cap: RM 588.4m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, and Indonesia.

Shangri-La Hotel

Market Cap: ฿6.3b

Operates hotels in Bangkok and Chiang Mai provinces.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Namibia Breweries

Market Cap: R6.2b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

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.

Southern Michigan Bancorp

Market Cap: US$115.1m

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.

Tri-County Financial Group

Market Cap: US$119.0m

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.

Winchester Bancorp

Market Cap: US$102.4m

Focuses on operating as the bank holding company for Winchester Savings Bank, which provides banking products and services in Massachusetts.

Epsilon Energy

Market Cap: US$149.2m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

Security Federal

Market Cap: US$104.6m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Industrias del Cobre Sociedad Anónima

Market Cap: S/833.7m

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

Intellego Technologies

Market Cap: SEK 1.6b

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

Capricorn Group

Market Cap: R13.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Jadranski naftovod d.d

Market Cap: €780.9m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Camelot Electronics TechnologyLtd

Market Cap: CN¥4.1b

Engages in the research, production, and sale of printed circuit boards for intelligent electric vehicles in China and internationally.

Hoshi Iryo-Sanki

Market Cap: JP¥15.7b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Changzhou Nrb

Market Cap: CN¥7.4b

Engages in the research, development, manufacture, and sale of auto precision bearing products in China and internationally.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.1b

Guangdong Transtek Medical Electronics Co., Ltd.

ASIX Electronics

Market Cap: NT$6.0b

An IC design company, engages in the research, development, manufacture, and sale of chips in Taiwan, China, and internationally.

Hollyland (China) Electronics Technology

Market Cap: CN¥3.3b

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

Xiamen Jihong

Market Cap: CN¥8.1b

Engages in the cross-border social e-commerce and paper packaging solutions business.

Zhongyeda Electric

Market Cap: CN¥5.4b

Engages in the distribution of industrial electrical products in China.

Thai Steel Cable

Market Cap: ฿3.8b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Onix Solar Energy

Market Cap: ₹14.6b

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

Cahaya Aero Services

Market Cap: Rp5.1t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.