Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Shangri-La Hotel

Market Cap: ฿6.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Practic

Market Cap: RON 736.5m

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

Sugar Terminals

Market Cap: AU$360.0m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

Potasios de Chile

Market Cap: CL$488.3b

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.

Maistra d.d

Market Cap: €601.9m

Engages in the hotel business in Croatia.

Jadranski naftovod d.d

Market Cap: €846.4m

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

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

Zambia Sugar

Market Cap: K13.2b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Capricorn Group

Market Cap: R11.0b

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

Morris State Bancshares

Market Cap: US$265.7m

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

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Neosem

Market Cap: ₩372.3b

Manufactures and sells semiconductor inspection equipment.

Hearts and Minds Investments

Market Cap: AU$767.1m

n/a

Suzhou Chunqiu Electronic Technology

Market Cap: CN¥5.3b

Suzhou Chunqiu Electronic Technology Co., Ltd.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.5b

Operates as a chemical raw material manufacturing company in China and internationally.

Renxin New MaterialLtd

Market Cap: CN¥2.8b

Engages in the research and development, production, and sale of polystyrene polymer materials in China.

ISE Chemicals

Market Cap: JP¥141.2b

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

Dong Fang Offshore

Market Cap: NT$37.7b

Offers vessel solutions for offshore wind projects, which include guard, MMO, CTV, HDD, transportation, berth, and cargo transfer services.

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥5.2b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.

Sure Global Tech

Market Cap: ر.س614.5m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

VCREDIT Holdings

Market Cap: HK$1.7b

An investment holding company, provides technology-driven consumer financial services to borrowers in the People’s Republic of China and Hong Kong.

Baazeem Trading

Market Cap: ر.س574.1m

Operates as a FMCG distribution company.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.7b

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

Central Finance

Market Cap: LK₨70.0b

Provides various financial solutions primarily in Sri Lanka.

Champion Building MaterialsLtd

Market Cap: NT$3.9b

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

Voltamp Energy SAOG

Market Cap: ر.ع75.8m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Hangzhou Xili Intelligent TechnologyLtd

Market Cap: CN¥2.4b

Hangzhou Xili Intelligent Technology Co.,Ltd.

TOMONY Holdings

Market Cap: JP¥117.4b

Through its subsidiaries, provides various banking and financial products and services.

QuickLtd

Market Cap: JP¥43.5b

Engages in the recruiting, human resources service, information publishing, and Internet-related businesses in Japan and internationally.

Poly Plastic Masterbatch (SuZhou)Ltd

Market Cap: CN¥5.5b

Engages in the research and development, production, and sale of chemical fiber solution colorings and advanced functional modified materials in China and internationally.

Advanced International Multitech

Market Cap: NT$10.0b

Advanced International Multitech Co., Ltd.