Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Mandiri Herindo Adiperkasa

Market Cap: Rp2.8t

Provides mineral and coal transportation services in Indonesia.

Top Union Electronics

Market Cap: NT$4.6b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

ShareHope Medicine

Market Cap: NT$3.4b

Provides integrated medical services in Taiwan.

Hua Na Hydropower

Market Cap: ₫5.8t

Engages in the electricity generation activities.

Bakrie & Brothers

Market Cap: Rp5.2t

Through its subsidiaries, engages in the trading, construction, agribusiness, coal mining, oil and gas, and telecommunication business in Indonesia and internationally.

Central Forest Group

Market Cap: JP¥22.1b

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

Citra Tubindo

Market Cap: Rp2.1t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Dwi Guna Laksana

Market Cap: Rp1.8t

Engages in the coal mining and trading activities in Indonesia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp15.6t

Manufactures and sells paper products in Asia, Africa, Europe, the United States, the Middle East, and internationally.

Yibin City Commercial Bank

Market Cap: HK$12.0b

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

Indofood Agri Resources

Market Cap: S$446.7m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, Germany, the Philippines, Myanmar, and internationally.

Wholetech System Hitech

Market Cap: NT$6.0b

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

Cita Mineral Investindo

Market Cap: Rp12.6t

Engages in bauxite mining activities in Indonesia.

Bank MNC Internasional

Market Cap: Rp2.2t

Provides various banking products and services in Indonesia.

Sugar Terminals

Market Cap: AU$363.6m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Bank Ganesha

Market Cap: Rp1.9t

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

Cardig Aero Services

Market Cap: Rp4.0t

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

Resource Alam Indonesia

Market Cap: Rp2.0t

Engages in the coal mining in Indonesia.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Reitar Logtech Holdings

Market Cap: US$199.8m

Through its subsidiaries, provides construction management and engineering design services.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.1b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

First National Bank of Botswana

Market Cap: P13.0b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

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

Anbio Biotechnology

Market Cap: US$276.1m

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

AB Traction

Market Cap: SEK 3.8b

A private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments.

FRMO

Market Cap: US$353.5m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Flügger group

Market Cap: DKK 935.9m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Lavipharm

Market Cap: €127.2m

Engages in the research, development, manufacture, import, marketing, sale, and wholesale of pharmaceutical, dermocosmetic, and healthcare products to physicians and pharmacists in Greece and internationally.

Mirbud

Market Cap: zł1.4b

Operates as a general contractor in the construction industry in Poland.

Sun

Market Cap: MU₨6.2b

Operates in the tourism sector.

Conoil

Market Cap: ₦229.8b

Conoil Plc markets refined petroleum products, and manufactures and markets lubricants, household, and liquefied petroleum gas (LPG) in Nigeria.

Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.1b

Provides heating, cooling, ventilation, and other mechanical installation services.

Omega Flex

Market Cap: US$307.6m

Manufactures and sells flexible metal hoses, fittings, and accessories in the United States, Canada, and internationally.

Ellaktor

Market Cap: €485.7m

Through its subsidiaries, operates as an infrastructure company in Greece, other European countries, Gulf countries, and the Americas.