Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Jadranski naftovod d.d

Market Cap: €806.1m

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

Liburnia Riviera Hoteli d.d

Market Cap: €145.9m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Capricorn Group

Market Cap: R13.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Namibia Breweries

Market Cap: R6.2b

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

Bahrain National Holding Company B.S.C

Market Cap: ب.د61.7m

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

Procimmo Group

Market Cap: CHF 360.4m

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

Freetrailer Group

Market Cap: €753.0m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Epsilon Energy

Market Cap: US$117.4m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Sound Financial Bancorp

Market Cap: US$113.0m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Itafos

Market Cap: CA$560.4m

Operates as a phosphate and specialty fertilizer company.

Union Bankshares

Market Cap: US$106.1m

Operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in the United States.

Seneca Foods

Market Cap: US$749.2m

Provides packaged fruits and vegetables in the United States and internationally.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

Tri-County Financial Group

Market Cap: US$115.9m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Productive Business Solutions

Market Cap: US$173.2m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

Practic

Market Cap: RON 760.3m

Engages in the lease and sublease of real estate properties in Romania.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

CHANGE HoldingsInc

Market Cap: JP¥69.8b

Engages in the digital transformation (DX) business in Japan.

MOBI Industry

Market Cap: ر.س545.0m

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

Anfu CE LINK

Market Cap: CN¥3.6b

Researches, designs, develops, manufactures, sells, and services electronic signal transmission adaptation products and other consumer electronics products.

Gem-Year IndustrialLtd

Market Cap: CN¥4.9b

Engages in the research, development, production, and sale of fasteners and hardware tools in China, the United States, Japan, Europe, and internationally.

Suzhou Sepax Technologies

Market Cap: CN¥8.0b

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك192.5m

Engages in insurance and reinsurance operations in Kuwait.

Kung Sing Engineering

Market Cap: NT$7.6b

Engages in the construction business in Taiwan.

BLS E-Services

Market Cap: ₹19.5b

A technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally.

Quality Reliability Technology

Market Cap: ₩173.5b

Provides semiconductor reliability evaluation and defect analysis services in South Korea and internationally.

Enviro Infra Engineers

Market Cap: ₹34.7b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

Allmed Medical ProductsLtd

Market Cap: CN¥7.0b

Allmed Medical Products Co., Ltd manufactures and sells wound care and nursing material products in China.

SEC Electric Machinery

Market Cap: CN¥5.9b

Researches and develops, manufactures, and sells motors in China.

Hearts and Minds Investments

Market Cap: AU$723.6m

n/a

Tibet Development

Market Cap: CN¥3.2b

Engages in the production and sale of beer in China.

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.