Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

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.

Southern Michigan Bancorp

Market Cap: US$113.3m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Jadranski naftovod d.d

Market Cap: €775.9m

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

Zambia Sugar

Market Cap: K21.1b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Productive Business Solutions

Market Cap: US$178.8m

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

Inverfal PerúA

Market Cap: S/1.9b

Engages in investing in fixed or variable income securities in Peru.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

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

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

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

Energy World

Market Cap: AU$213.1m

An independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region.

Park Medi World

Market Cap: ₹64.6b

Operates a network of hospitals.

Shandong Sacred Sun Power SourcesLtd

Market Cap: CN¥5.7b

Provides green energy solutions worldwide.

ISE Chemicals

Market Cap: JP¥207.9b

Engages in the iodine and natural gas, and mettalic compound businesses in Japan.

Envipro Holdings

Market Cap: JP¥15.7b

Through its subsidiaries, engages in the resource recycling, global trading, and lithium-ion battery recycling businesses in Japan and internationally.

Guangdong Goworld

Market Cap: CN¥7.4b

Provides electronic components and ultrasonic electronic instruments in China.

Te Chang Construction

Market Cap: NT$7.5b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

GTS Internasional

Market Cap: Rp3.7t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Standard Chartered Bank Kenya

Market Cap: KSh113.2b

Provides various banking products and services for individuals and businesses.

Cita Mineral Investindo

Market Cap: Rp17.4t

Engages in bauxite mining activities in Indonesia.

CTCI Advanced Systems

Market Cap: NT$4.8b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Jiangsu Rainbow Heavy Industries

Market Cap: CN¥6.2b

Jiangsu Rainbow Heavy Industries Co., Ltd.

Yashima Denki

Market Cap: JP¥62.6b

Engages in the plant, public/facilities, and transportation businesses in Japan and internationally.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹70.1b

Produces and sells fertilizers and chemicals in India.

Guangdong Tloong Technology GroupLtd

Market Cap: CN¥6.1b

Researches, develops, and sells various printing ink products in China and internationally.

FALCO HOLDINGS

Market Cap: JP¥26.1b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Wuxi Chemical Equipment

Market Cap: CN¥5.7b

Engages in the design, development, manufacture, and marketing of metal pressure vessels in China.

Toho

Market Cap: JP¥40.0b

Through its subsidiaries, engages in the food wholesale, cash and carry, and supermarket businesses primarily in Japan.

TSTE

Market Cap: ฿4.2b

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

Jinghua Pharmaceutical Group

Market Cap: CN¥6.2b

Engages in the research and development, manufacture, and sale of APIs and pharmaceutical intermediates in China.

Xinjiang Torch Gas

Market Cap: CN¥3.2b

Operates as a gas service company in China.

Lungyen Life Service

Market Cap: NT$20.2b

Provides funeral facilities and services in Taiwan.

New Asia Construction & Development

Market Cap: NT$3.5b

Provides public construction services for governments in Taiwan.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.