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.

Zambia Sugar

Market Cap: K12.2b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Jadranski naftovod d.d

Market Cap: €775.9m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/714.3m

Engages distribution of electricity in Peru.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Industrias del Cobre Sociedad Anónima

Market Cap: S/818.8m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Liburnia Riviera Hoteli d.d

Market Cap: €97.4m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Shangri-La Hotel

Market Cap: ฿6.0b

Operates hotels in Bangkok and Chiang Mai provinces.

Practic

Market Cap: RON 567.2m

Engages in the lease and sublease of real estate properties in Romania.

Chilanga Cement

Market Cap: K5.6b

Engages in the manufacture and sale of cement products in Zambia.

Sparta

Market Cap: €88.7m

A publicly owned investment manager.

Biggeorge Property Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft50.1b

Operates as a property development company.

First IC

Market Cap: US$156.4m

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States.

Jiangsu Longda Superalloy

Market Cap: CN¥3.6b

Engages in research, development, production, and sale of metal alloy products in China and internationally.

Petrolimex Insurance

Market Cap: ₫2.7t

Provides various insurance products in Vietnam.

Fanli Digital TechnologyLtd

Market Cap: CN¥2.0b

Operates Fanli.com, an e-commerce shopping guide platform in China.

Jagsonpal Pharmaceuticals

Market Cap: ₹14.7b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Knowledge Marine & Engineering Works

Market Cap: ₹16.0b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Luxchem Corporation Berhad

Market Cap: RM 470.3m

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

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.

Jiangxi Jiangnan New Material Technology

Market Cap: CN¥6.0b

Jiangxi Jiangnan New Material Technology Co., Ltd.

3B Blackbio Dx

Market Cap: ₹15.3b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

Sinomag Technology

Market Cap: CN¥3.9b

Engages in the research and development, production, and sale of permanent ferrite magnets and soft magnetic cores and components worldwide.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.1b

A publicly owned investment manager.

Yantai Ishikawa Sealing Technology

Market Cap: CN¥2.7b

Yantai Ishikawa Sealing Technology Co., Ltd.

AuMas Resources Berhad

Market Cap: RM 1.4b

An investment holding company, engages in gold mining business in Malaysia.

Zhejiang Chinastars New Materials Group

Market Cap: CN¥3.7b

Zhejiang Chinastars New Materials Group Co., Ltd.

Shandong Longquan Pipe IndustryLtd

Market Cap: CN¥2.3b

Engages in the production, sale, installation, and service of prestressed concrete cylinder pipes and metal pipe fittings in 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.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp15.1t

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

Vidhi Specialty Food Ingredients

Market Cap: ₹20.9b

Engages in manufacture and trading of synthetic food colors.

Oswal Greentech

Market Cap: ₹11.1b

Develops real estate projects in India.

Forest Packaging GroupLtd

Market Cap: CN¥2.9b

Manufactures and sells various paper packaging products in China and internationally.

BBK Test Systems

Market Cap: CN¥3.4b

Manufactures and sells automotive and structural testing equipment in China and internationally.

Tait Marketing & Distribution

Market Cap: NT$4.1b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Avantel

Market Cap: ₹31.1b

Manufactures and sells telecom products and related services in India.