Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

First Northern Community Bancorp

Market Cap: US$211.5m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Gulf Insurance Group - Jordan

Market Cap: د.أ78.0m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Shangri-La Hotel

Market Cap: ฿5.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Freetrailer Group

Market Cap: €724.4m

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

Bahrain National Holding Company B.S.C

Market Cap: ب.د61.7m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Procimmo Group

Market Cap: CHF 364.9m

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

Bank Ganesha

Market Cap: Rp2.8t

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

Nusantara Pelabuhan Handal

Market Cap: Rp2.9t

Manages and operates container terminals in Indonesia and internationally.

YFY

Market Cap: NT$44.0b

An investment holding company, manufactures and sells paper and paper-related products in Taiwan.

Advancetek EnterpriseLtd

Market Cap: NT$11.6b

Advancetek Enterprise Co.,Ltd. entrusts construction companies to build national residential buildings and commercial buildings for leasing and sale in Taiwan.

PBA Holdings Bhd

Market Cap: RM 622.3m

An investment holding company, operates as a water supplier in Malaysia.

Bank MNC Internasional

Market Cap: Rp2.4t

Provides various banking products and services in Indonesia.

Mamata Machinery

Market Cap: ₹10.3b

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

Woori Technology Investment

Market Cap: ₩610.5b

A venture capital firm specializing in venture fund, mezzanine fund project fund, venture capital and small & medium companies investments.

Digital Mediatama Maxima

Market Cap: Rp3.0t

Operates an integrated marketing platform.

Cahaya Aero Services

Market Cap: Rp6.0t

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

Southern Michigan Bancorp

Market Cap: US$110.9m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Tri-County Financial Group

Market Cap: US$115.9m

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.

Shenzhen Coship Electronics

Market Cap: CN¥9.3b

Engages in the manufacture and sale of smart home products and services worldwide.

Lion Rock Group

Market Cap: HK$1.1b

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

Natural Food International Holding

Market Cap: HK$2.4b

An investment holding company, manufactures and sells natural health food products in China.

ISE Chemicals

Market Cap: JP¥182.4b

Engages in the iodine and natural gas, and mettalic compound businesses in Japan.

Akatsuki

Market Cap: JP¥16.4b

Engages in the real estate and securities businesses in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥150.1b

Engages in the marine transportation services and related business in Japan and internationally.

Business Brain Showa-Ota

Market Cap: JP¥38.0b

Provides consulting and systems development, and business management services in Japan.

Solomon Data International

Market Cap: NT$3.3b

Manufactures and sells solar system components and liquid processing and sales of crystal display modules.

Apacer Technology

Market Cap: NT$11.9b

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.

Lelon Electronics

Market Cap: NT$17.6b

Develops, manufactures, markets, trades in, and sells electrolytic capacitors internationally.

104

Market Cap: NT$7.5b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

KC

Market Cap: ₩272.9b

Manufactures and distributes semiconductor systems, display systems, and electronic materials in South Korea and internationally.

Bank of Iwate

Market Cap: JP¥86.2b

Provides various financial products and services in Japan.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.6b

Researches, develops, produces, and sells black sesame health products in China.

ASIX Electronics

Market Cap: NT$6.0b

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

Careerlink

Market Cap: JP¥29.6b

Provides human resource services in Japan.

Dear LifeLtd

Market Cap: JP¥54.0b

Engages in the real estate business in Japan.