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.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

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.

Marítima de Inversiones

Market Cap: CL$256.2b

Maritima de Inversiones SA is a publicly owned investment manager.

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.

Watt's

Market Cap: CL$234.5b

Manufactures and sells food products 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.

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.

Maxigen Biotech

Market Cap: NT$3.7b

Researches, develops, produces, and sells implantable medical devices and cosmetic products in Taiwan, America, Europe, rest of Asia, and internationally.

China Electric Mfg

Market Cap: NT$4.2b

Manufactures and sells electrical appliances, lighting products, and related accessories in Taiwan.

Bonny Worldwide

Market Cap: NT$7.9b

Engages in the manufacture and sale of OEM and ODM carbon fiber rackets and related sporting goods.

CAC Holdings

Market Cap: JP¥34.1b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

Samyang

Market Cap: ₩449.9b

Engages in the chemicals and food business in Korea, China, Japan, rest of Asia, Europe, and internationally.

Jiangsu Longda Superalloy

Market Cap: CN¥3.6b

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

Lumax International

Market Cap: NT$9.3b

Provides electronic components and program-controlled instruments in Taiwan and China.

Petrolimex Insurance

Market Cap: ₫2.7t

Provides various insurance products in Vietnam.

Techno Ryowa

Market Cap: JP¥53.1b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

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.

Alltek Technology

Market Cap: NT$8.3b

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