Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Misr Beni Suef CementE

Market Cap: ج.م7.4b

Produces and sells cement products in Egypt and internationally.

MAPFRE Middlesea

Market Cap: €137.1m

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

Morris State Bancshares

Market Cap: US$212.6m

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

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

Jamuna Bank

Market Cap: ৳15.9b

Provides various banking products and services in Bangladesh.

Jadranski naftovod d.d

Market Cap: €801.1m

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

Maistra d.d

Market Cap: €525.3m

Engages in the hotel business in Croatia.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Potasios de Chile

Market Cap: CL$536.2b

Engages in investment in shares and other financial instruments in Chile.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

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

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Zhejiang Chinastars New Materials Group

Market Cap: CN¥3.4b

Zhejiang Chinastars New Materials Group Co., Ltd.

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.

ShenZhen Click TechnologyLTD

Market Cap: CN¥6.0b

Designs, produces, sells, and services LED lighting power supplies, power battery chargers, communication power supplies, adapters, magnetic components, electric car chargers, charging piles, and others in China and internationally.

CMC

Market Cap: JP¥19.0b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

Alltek Technology

Market Cap: NT$9.0b

Operates as a communication components distributor and solution provider in Taiwan, China, and internationally.

Champion Building MaterialsLtd

Market Cap: NT$4.3b

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

Nippon Sharyo

Market Cap: JP¥30.4b

Engages in the manufactures and sale of railway rolling stock, transportation equipment, steel structures, and construction equipment; and engineering and other activities in Japan, the United States, Asia, and internationally.

Macpower CNC Machines

Market Cap: ₹9.0b

Manufactures and sells computer numerical control (CNC) metal cutting machines in India.

Om Infra

Market Cap: ₹12.2b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.2b

Provides smart wearables and mobile medical care products in China and internationally.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.9b

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

Qingmu Tec

Market Cap: CN¥4.6b

Provides brand retail solutions.

Tohoku Steel

Market Cap: JP¥14.9b

Engages in the manufacturing, processing, and distribution of various types of special steel products in Japan.

Shenzhen Easttop Supply Chain Management

Market Cap: CN¥5.5b

Shenzhen Easttop Supply Chain Management Co., Ltd.

Hearts and Minds Investments

Market Cap: AU$677.8m

n/a

Zkteco

Market Cap: CN¥5.9b

ZKTeco Co., Ltd. provides biometric verification algorithm techniques, sensors, and software platform worldwide.

Yashima Denki

Market Cap: JP¥36.2b

Provides plant business, industry/equipment, and transportation business in Japan and internationally.

Hind Rectifiers

Market Cap: ₹22.6b

Engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally.

Rrp Semiconductor

Market Cap: ₹20.8b

Trades in electronic parts in India.

Ve Wong

Market Cap: NT$9.2b

Produces and distributes foods, drinks, and seasonings in Taiwan, Thailand, and Vietnam.

Timex Group India

Market Cap: ₹27.3b

Engages in the designing, manufacturing, and trading of watches in India and internationally.