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.

Billion Industrial Holdings

Market Cap: HK$9.1b

Develops, manufactures, and sells polyester filament yarns products, polyester products, polyester industrial yarns products, and ES fiber products in the People’s Republic of China and internationally.

Amir Marketing and Investments in Agriculture

Market Cap: ₪412.7m

Supplies and markets agricultural inputs in Israel.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.0b

A publicly owned investment manager.

Formula Systems (1985)

Market Cap: ₪4.9b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Prima Andalan Mandiri

Market Cap: Rp17.8t

Through its subsidiaries, operates as a coal mining company in Indonesia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.7b

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

AB Vilkyskiu pienine

Market Cap: €111.5m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Payton Industries

Market Cap: ₪532.1m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Nestlé Pakistan

Market Cap: PK₨322.7b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Terminal X Online

Market Cap: ₪580.7m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Procimmo Group

Market Cap: CHF 220.7m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Britam Holdings

Market Cap: KSh16.5b

An investment holding company, provides financial solutions in Kenya, Uganda, South Sudan, Rwanda, Tanzania, Malawi, and Mozambique.

Ampire

Market Cap: NT$3.6b

Manufactures and sells liquid crystal display (LCD) modules for industrial applications in the Oceania, Taiwan, Asia, Africa, the Americas, and Europe.

ASRock Rack Incorporation

Market Cap: NT$16.6b

Develops and sells server motherboards and systems in Taiwan and internationally.

HeXun Biosciences

Market Cap: NT$3.6b

Engages in the research and development of stem cell and treatments in Taiwan.

Malam - Team

Market Cap: ₪1.6b

Provides information technology services in Israel.

C. Mer Industries

Market Cap: ₪480.6m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Maistra d.d

Market Cap: €503.4m

Engages in the hotel business in Croatia.

Aura Investments

Market Cap: ₪5.3b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Mega Union Technology

Market Cap: NT$26.2b

Plans and designs water and wastewater recovery systems for industrial water applications.

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك152.7m

Engages in insurance and reinsurance operations in Kuwait.

SHL Consolidated Bhd

Market Cap: RM 523.0m

An investment holding company, engages in the development of integrated commercial and residential properties in Malaysia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp15.5t

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

Dwi Guna Laksana

Market Cap: Rp1.8t

Engages in the coal mining and trading activities in Indonesia.

Jamuna Bank

Market Cap: ৳17.1b

Provides various banking products and services in Bangladesh.

Macnica Galaxy

Market Cap: NT$6.8b

Together with its subisidaries, engages in the agency trading and technical service of semiconductor electronic components in Taiwan, rest of Asia, and internationally.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

National Corporation for Tourism and Hotels

Market Cap: د.إ2.0b

Invests in, owns, and manages hotels and leisure complexes in the United Arab Emirates.

Mandiri Herindo Adiperkasa

Market Cap: Rp2.8t

Provides mineral and coal transportation services in Indonesia.

Lion Rock Group

Market Cap: HK$993.3m

An investment holding company, provides printing services to international book publishers, trade, professional and educational publishing conglomerates, and print media companies.

Bakrie & Brothers

Market Cap: Rp5.0t

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

Padma Oil

Market Cap: ৳17.9b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.