Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Namibia Breweries

Market Cap: R6.6b

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

Nigerian Aviation Handling

Market Cap: ₦428.8b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Saha-Union

Market Cap: ฿7.9b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Upbest Group

Market Cap: HK$1.7b

An investment holding company, provides financial services in Hong Kong, Macau, and the People’s Republic of China.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Baazeem Trading

Market Cap: ر.س576.1m

Operates as a FMCG distribution company.

Invalda INVL

Market Cap: €328.0m

A private equity firm specializing in investments in small and middle-market privately held companies, industry consolidation, mature, growth capital, early venture, mid venture, later stage, acquisitions, and buyouts in undervalued assets.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Jordanian Duty Free Shops

Market Cap: د.أ142.9m

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

MOBI Industry

Market Cap: ر.س507.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Fauji Foods

Market Cap: PK₨45.4b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

Mamata Machinery

Market Cap: ₹9.9b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك184.0m

Engages in insurance and reinsurance operations in Kuwait.

Nofoth Food Products

Market Cap: ر.س791.4m

Produces and sells bakery products in Saudi Arabia.

DAM Capital Advisors

Market Cap: ₹11.1b

Provides investment banking services.

Dwi Guna Laksana

Market Cap: Rp2.5t

Engages in the coal mining and trading business in Indonesia.

Vidhi Specialty Food Ingredients

Market Cap: ₹15.9b

Engages in the manufacture and trading of synthetic food colors.

Jamuna Bank

Market Cap: ৳21.6b

Provides various banking products and services in Bangladesh.

Seef Properties B.S.C

Market Cap: ب.د59.7m

Engages in the real estate development business in the Kingdom of Bahrain.

Nestlé Pakistan

Market Cap: PK₨338.1b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Britam Holdings

Market Cap: KSh31.0b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Etihad GO Telecom

Market Cap: ر.س3.2b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

GOCL

Market Cap: ₹16.8b

Engages in the electronics manufacturing services and the realty businesses in India and internationally.

AB Akola Group

Market Cap: €284.1m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

Saudi Chemical Holding

Market Cap: ر.س6.9b

Engages in the manufacture, distribution, and retail of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment, supplies of hospitals and medical centers and its related spare parts, and food products.

Royal Ceramics Lanka

Market Cap: LK₨52.5b

Manufactures and sells wall and floor tiles in Sri Lanka.

Timex Group India

Market Cap: ₹32.4b

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

SALUS Ljubljana d. d

Market Cap: €526.0m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Central Forest Group

Market Cap: JP¥22.5b

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

Wema Bank

Market Cap: ₦1.1t

Provides banking and other financial services to corporate and individual customers in Nigeria.

AIICO Insurance

Market Cap: ₦153.7b

Provides risk underwriting and related financial services in Nigeria.

Shahjalal Islami Bank

Market Cap: ৳19.4b

Provides commercial banking products and services in Bangladesh.

Hindustan Construction

Market Cap: ₹50.4b

Provides engineering and construction services in India and internationally.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ629.3m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.