Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

MAPFRE Middlesea

Market Cap: €130.6m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Tchaikapharma High Quality Medicines AD

Market Cap: €891.9m

Develops, manufactures, and sells medicines in Bulgaria.

Hua Na Hydropower

Market Cap: ₫5.2t

Engages in the investment, production, and trading of electricity in Vietnam.

Central Forest Group

Market Cap: JP¥22.3b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Jamuna Bank

Market Cap: ৳21.8b

Provides various banking products and services in Bangladesh.

Surya Citra Media

Market Cap: Rp18.2t

Provides multimedia services in Indonesia.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ641.7m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Hafary Holdings

Market Cap: S$208.8m

An investment holding company, engages in import, export, dealing, distribution, wholesale, and trading in building materials.

Jordanian Duty Free Shops

Market Cap: د.أ140.6m

Invests in, operates, and manages duty-free shops.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Hoshi Iryo-Sanki

Market Cap: JP¥16.7b

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

Namibia Breweries

Market Cap: R6.6b

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

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

HG Metal Manufacturing

Market Cap: S$170.3m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Cashmere Valley Bank

Market Cap: US$266.2m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

New Mauritius Hotels

Market Cap: MU₨7.4b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Dekpol

Market Cap: zł679.0m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Cisadane Sawit Raya

Market Cap: Rp1.8t

Engages in the oil palm plantation business in Indonesia and internationally.

Union Bankshares

Market Cap: US$113.0m

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

Odas Elektrik Üretim Sanayi Ticaret

Market Cap: ₺9.6b

Produces and sells electricity by natural gas combined cycles in Turkey and internationally.

Chilanga Cement

Market Cap: K13.9b

Engages in the manufacture and sale of cement products in Zambia.

Pasifik Holding

Market Cap: ₺31.8b

Through its subsidiaries, engages in providing diversified range of services in various sectors.

Affinity Bancshares

Market Cap: US$136.6m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م62.8b

Engages in the establishment and management of technology zones, scientific incubators, and training centers for the preparation of researchers, transfer technology, and related services in Egypt.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م23.5b

Provides various banking products and services in Egypt.

Winchester Bancorp

Market Cap: US$120.5m

Operates as a bank holding company for Winchester Savings Bank that provides banking products and services in the United States.

Anbio Biotechnology

Market Cap: US$1.2b

Provides in vitro diagnostics (IVD) products in the European Union, the Asia Pacific, North America, South America, Africa, and internationally.

Odlewnie Polskie

Market Cap: zł374.0m

Produces and sells castings in Germany, the Czech Republic, the Netherlands, the United States, Sweden, Hungary, Great Britain, Austria, Slovakia, Denmark, Turkey, Spain, Italy, Switzerland, France, and Serbia.

A3 Mercados

Market Cap: AR$744.6b

Operates as a market for negotiable securities in Argentina and internationally.

Inversiones Doalca SOCIMI

Market Cap: €156.7m

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

Tri-County Financial Group

Market Cap: US$127.5m

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.

Canal Shipping Agencies

Market Cap: ج.م9.1b

Provides various shipping services to the international commercial fleet in Egypt.

Wasko

Market Cap: zł822.5m

Designs, implements, and integrats software, information systems, and advanced industrial automation.

Banque Nationale Agricole Société anonyme

Market Cap: د.ت971.1m

Provides various banking products and services in Tunisia.