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.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Anbio Biotechnology

Market Cap: US$290.1m

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

First National Bank of Botswana

Market Cap: P13.1b

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

Conoil

Market Cap: ₦229.8b

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

Omega Flex

Market Cap: US$294.8m

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

Infinity Capital Investments

Market Cap: RON 1.1b

S.I.F. Oltenia S.A. is a private equity and venture capital firm specializing in investments in asset management, expansion, development, start-up, turnaround, and restructuring.

Transcorp Power

Market Cap: ₦2.7t

Engages in the generation and sale of electric power in Nigeria and internationally.

Smart Organic AD

Market Cap: лв313.0m

Engages in the production and distribution of organic products worldwide.

Ellaktor

Market Cap: €482.2m

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

Mirbud

Market Cap: zł1.4b

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

Transnational Corporation of Nigeria

Market Cap: ₦421.7b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

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

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.

Cashmere Valley Bank

Market Cap: US$220.2m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Sociedad Matriz SAAM

Market Cap: CL$1.1t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Martifer SGPS

Market Cap: €175.5m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.

Reitar Logtech Holdings

Market Cap: US$261.0m

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

Rimoni Industries

Market Cap: ₪374.0m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

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.

MAPFRE Middlesea

Market Cap: €137.1m

Provides non-life and life insurance to individuals, small and medium enterprises, professionals, and businesses in Malta.

Grenobloise d'Electronique et d'Automatismes Société Anonyme

Market Cap: €101.3m

Designs, develops, manufactures, integrates, installs, and maintains electronic and computerized toll collection systems.

Pure Cycle

Market Cap: US$239.8m

Provides wholesale water and wastewater services in the United States.

Morris State Bancshares

Market Cap: US$219.8m

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

Xiangtan Electrochemical ScientificLtd

Market Cap: CN¥6.0b

Engages in the research and development, production, and sale of battery materials.

OpenWork

Market Cap: JP¥17.7b

Develops and manages a job and recruitment information platform in Japan.

Champion Building MaterialsLtd

Market Cap: NT$4.4b

Champion Building Materials Co., Ltd., together with its subsidiaries, manufactures and markets ceramics, ceramic products, stone products, fire-resistant materials, and other chemical products.

ASRock Rack Incorporation

Market Cap: NT$15.6b

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

Chongqing Gas Group

Market Cap: CN¥8.7b

Engages in the natural gas operation business in China and internationally.

Uoriki

Market Cap: JP¥34.1b

Engages in the retailing, eating and drinking, and wholesale businesses in Japan and internationally.

HeBei Jinniu Chemical IndustryLtd

Market Cap: CN¥3.3b

Engages in the production and operation of methanol products in China.

Nacity Property Service GroupLtd

Market Cap: CN¥1.9b

Offers real estate property management services in China.

Wholetech System Hitech

Market Cap: NT$6.2b

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

Suzhou Sepax Technologies

Market Cap: CN¥6.7b

Researches, develops, produces, and sells liquid chromatography materials for the separation and purification of biomacromolecules and other drugs worldwide.

ShenZhen QiangRui Precision Technology

Market Cap: CN¥4.7b

ShenZhen QiangRui Precision Technology Co., Ltd.