Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Onix Solar Energy

Market Cap: ₹18.0b

Engages in the trading of non-ferrous metals in India.

Procimmo Group

Market Cap: CHF 378.4m

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

Central Forest Group

Market Cap: JP¥22.9b

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

Telekom Networks Malawi

Market Cap: MK 357.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

First Northern Community Bancorp

Market Cap: US$229.1m

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.

Namibia Breweries

Market Cap: R6.3b

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

Vivo Energy Mauritius

Market Cap: MU₨13.1b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Lion Capital

Market Cap: RON 2.3b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

Affinity Bancshares

Market Cap: US$119.5m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Grendene

Market Cap: R$4.1b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

New Peoples Bankshares

Market Cap: US$101.8m

Operates as a financial holding company for New Peoples Bank, Inc.

Southern Michigan Bancorp

Market Cap: US$118.8m

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.

New Mauritius Hotels

Market Cap: MU₨7.2b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Oxford Bank

Market Cap: US$103.4m

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

Morris State Bancshares

Market Cap: US$255.3m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Chilanga Cement

Market Cap: K16.0b

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

Nexa Resources AtacochaA

Market Cap: S/1.4b

Operates as a mining company worldwide.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Industrias del Cobre Sociedad Anónima

Market Cap: S/833.7m

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

Compañía Electro Metalúrgica

Market Cap: CL$560.6b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Bahrain National Holding Company B.S.C

Market Cap: ب.د59.0m

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

VICOM

Market Cap: S$624.0m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Infinity Capital Investments

Market Cap: RON 1.6b

A private equity and venture capital firm specializing in investments in asset management, expansion, development, start-up, growth capital, turnaround, and restructuring.

AOKI Holdings

Market Cap: JP¥142.2b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.3b

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

Lippo Cikarang

Market Cap: Rp3.6t

Develops real estate and industrial estate projects in Indonesia.

Toho

Market Cap: JP¥40.7b

Through its subsidiaries, engages in the food wholesale, cash and carry, and supermarket businesses primarily in Japan.

Ve Wong

Market Cap: NT$9.1b

Produces and distributes foods, drinks, and seasonings in Taiwan, and internationally.

Akatsuki

Market Cap: JP¥21.3b

Engages in the real estate and securities businesses in Japan.

Joyce

Market Cap: AU$168.2m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

ABICO Asia Capital

Market Cap: NT$4.7b

Engages in the investment activities.

PINAGO UTAMA

Market Cap: Rp2.4t

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

Needs Well

Market Cap: JP¥20.6b

Engages in the IT service business in Japan.

Toho Bank

Market Cap: JP¥156.7b

Provides various banking products and services in Japan.