Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Smart Organic AD

Market Cap: €190.5m

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

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.

Sparta

Market Cap: €141.9m

A publicly owned investment manager.

Oakworth Capital

Market Cap: US$190.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Oxford Bank

Market Cap: US$105.5m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Affinity Bancshares

Market Cap: US$123.9m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Union Bankshares

Market Cap: US$113.9m

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.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Nexa Resources AtacochaA

Market Cap: S/1.4b

Operates as a mining company worldwide.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

Inverfal PerúA

Market Cap: S/1.5b

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

Intellego Technologies

Market Cap: SEK 1.6b

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

Freetrailer Group

Market Cap: €834.9m

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

HG Metal Manufacturing

Market Cap: S$170.3m

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

Wison Engineering Services

Market Cap: HK$1.6b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Quality Reliability Technology

Market Cap: ₩218.5b

Provides semiconductor reliability evaluation and defect analysis services in South Korea and internationally.

Lippo Cikarang

Market Cap: Rp4.1t

Develops real estate and industrial estate projects in Indonesia.

Marusan Securities

Market Cap: JP¥71.2b

Engages in the financial products trading business in Japan.

Santa Phoenix Technology

Market Cap: NT$4.1b

Designs and manufactures semiconductors in Taiwan.

Luxchem Corporation Berhad

Market Cap: RM 406.2m

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

Hollyland (China) Electronics Technology

Market Cap: CN¥3.5b

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

ASIX Electronics

Market Cap: NT$6.1b

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

Thai Steel Cable

Market Cap: ฿3.7b

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

Mulpha International Bhd

Market Cap: RM 900.2m

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

Grade Upon Technology

Market Cap: NT$20.5b

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.

Lucky Cement

Market Cap: NT$6.1b

Manufactures and sells cement, stone, and other cement-related products in the People’s Republic of China.

Alfin Banco

Market Cap: S/476.1m

Provides various banking and financial products and services.

OUG Holdings

Market Cap: JP¥21.8b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Apacer Technology

Market Cap: NT$13.6b

Researches, designs, develops, manufactures, processes, maintains, and sells memory modules and storage memory devices in Hong Kong, Taiwan, Mainland China, the Americas, Japan, and internationally.

DAM Capital Advisors

Market Cap: ₹12.5b

Provides investment banking services.

Saint-Gobain Sekurit India

Market Cap: ₹9.4b

Manufactures and sells laminated and tempered automotive glass in India.

Creative & Innovative System

Market Cap: ₩1.0t

Manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc.