Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Oxford Bank

Market Cap: US$104.0m

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

Cyprus Cement

Market Cap: €172.1m

Engages in the production and sale of cement and related businesses in Cyprus.

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.

Tri-County Financial Group

Market Cap: US$127.1m

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.

TSTE

Market Cap: ฿4.1b

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

Namibia Breweries

Market Cap: R6.6b

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

3B Blackbio Dx

Market Cap: ₹11.2b

Engages in the design, development, manufacturing, and commercialization of molecular diagnostic solutions for infectious diseases, oncology, human genetics and antimicrobial resistance in India.

Mulpha International Bhd

Market Cap: RM 912.4m

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

Nigerian Aviation Handling

Market Cap: ₦428.8b

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

Saha-Union

Market Cap: ฿7.9b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Upbest Group

Market Cap: HK$1.7b

An investment holding company, provides financial services in Hong Kong, Macau, and the People’s Republic of China.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Baazeem Trading

Market Cap: ر.س576.1m

Operates as a FMCG distribution company.

PINAGO UTAMA

Market Cap: Rp2.9t

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

Cantabil Retail India

Market Cap: ₹20.7b

Engages in designing, manufacturing, branding, and retailing of apparel and apparel accessories in India.

YuanShengTai Dairy Farm

Market Cap: HK$1.5b

A dairy farming company, engages in the production and sale of raw cow milk in the People’s Republic of China.

Invalda INVL

Market Cap: €328.0m

A private equity firm specializing in investments in small and middle-market privately held companies, industry consolidation, mature, growth capital, early venture, mid venture, later stage, acquisitions, and buyouts in undervalued assets.

Cigniti Technologies

Market Cap: ₹34.9b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

Monarch Networth Capital

Market Cap: ₹23.2b

Provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India.

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.

MKH Berhad

Market Cap: RM 536.4m

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

Jordanian Duty Free Shops

Market Cap: د.أ142.9m

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

MOBI Industry

Market Cap: ر.س507.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Fauji Foods

Market Cap: PK₨45.4b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

Bank MNC Internasional

Market Cap: Rp2.4t

Provides various banking products and services in Indonesia.

Mamata Machinery

Market Cap: ₹9.9b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Indo Tech Transformers

Market Cap: ₹20.4b

Manufactures and sells transformers in India and internationally.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك51.9m

A private equity firm specializing in direct and fund investments.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك184.0m

Engages in insurance and reinsurance operations in Kuwait.

Goldiam International

Market Cap: ₹45.9b

Manufactures and sells gold/silver/platinum and diamond studded jewelry products in India.

PC Jeweller

Market Cap: ₹94.1b

Manufactures, sells, and trades in gold, diamond, silver articles, precious stone, and gold and diamond studded jewelry in India.

Asian Granito India

Market Cap: ₹22.9b

Engages in the manufacture and trade of tiles, marbles, and related products in India.

Bank Ganesha

Market Cap: Rp3.0t

Provides various general banking products and services for individuals and businesses in Indonesia.

Nofoth Food Products

Market Cap: ر.س791.4m

Produces and sells bakery products in Saudi Arabia.