Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

MAPFRE Middlesea

Market Cap: €130.6m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Tri-County Financial Group

Market Cap: US$127.1m

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.

Cyprus Cement

Market Cap: €172.1m

Engages in the production and sale of cement and related businesses in Cyprus.

Oxford Bank

Market Cap: US$104.0m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Tchaikapharma High Quality Medicines AD

Market Cap: €891.9m

Develops, manufactures, and sells medicines in Bulgaria.

Namibia Breweries

Market Cap: R6.6b

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

TSTE

Market Cap: ฿4.1b

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

Hindustan Construction

Market Cap: ₹50.4b

Provides engineering and construction services in India and internationally.

Nusantara Pelabuhan Handal

Market Cap: Rp2.5t

Manages and operates container terminals in Indonesia and internationally.

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.

Asian Granito India

Market Cap: ₹22.9b

Engages in the manufacture and trade of tiles, marbles, and related products in India.

Sambhv Steel Tubes

Market Cap: ₹35.4b

Manufactures and sells electric resistance welded steel pipes, structural tubes, and stainless-steel coils in India.

Brillian Network & Automation Integrated System

Market Cap: NT$18.4b

Brillian Network & Automation Integrated System Co.

National Investments Company K.S.C.P

Market Cap: د.ك208.7m

Provides financial and investment services in Kuwait, GCC countries, and internationally.

Qiming Information TechnologyLtd

Market Cap: CN¥7.6b

Provides enterprise digital operation, smart car and intelligent connectivity, and cloud solutions primarily in China.

Yunnan Jinxun Resources

Market Cap: HK$3.6b

Engages in the smelting, beneficiation, deep processing, and recycling of non-ferrous metal new energy material in China and internationally.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥4.9b

Engages in the material transmission, warehousing, logistics, and sorting systems in industrial production in China.

SML Mahindra

Market Cap: ₹62.6b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Nofoth Food Products

Market Cap: ر.س791.4m

Produces and sells bakery products in Saudi Arabia.

MOBI Industry

Market Cap: ر.س507.0m

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

First Investment Company K.S.C.P

Market Cap: د.ك56.2m

First Investment Company K.S.C.C. is a Shariah compliant privately owned investment manager.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك41.0m

Engages in managing real estate projects in Kuwait.

Xuelong GroupLtd

Market Cap: CN¥3.9b

Engages in the research, development, production, and sale of internal combustion engine cooling systems and automotive lightweight plastic products in China.

Hiconics Eco-energy Technology

Market Cap: CN¥8.2b

Engages in green energy solutions, household energy storage and photovoltaic inverters, and high-voltage variable frequency drives (VFDs) converters business in China and internationally.

Tianjin Lisheng PharmaceuticalLtd

Market Cap: CN¥6.0b

Engages in the research and development, production, and sale of pharmaceutical products in China and internationally.

Daoming Optics&ChemicalLtd

Market Cap: CN¥7.7b

Engages in the research and development, production, and sale of various functional films and polymer synthetic materials in China and internationally.

Changjiang Publishing & MediaLtd

Market Cap: CN¥10.6b

Operates as a publishing company in China.

Maharashtra Seamless

Market Cap: ₹86.4b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Southeast Asia Commercial Bank

Market Cap: ₫47.9t

Provides retail and corporate banking products and services in Vietnam.

Aoxin Q & M Dental Group

Market Cap: S$204.6m

An investment holding company, provides private dental healthcare services in the People’s Republic of China and Singapore.

Jinsanjiang (Zhaoqing) Silicon Material

Market Cap: CN¥3.3b

Engages in the research and development, production, and sale of precipitated silica.

Bank Ganesha

Market Cap: Rp3.0t

Provides various general banking products and services for individuals and businesses in Indonesia.

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.

Shenzhen Tongye TechnologyLtd

Market Cap: CN¥3.4b

Engages in the design, research and development, manufacture, sale, after-sales, and maintenance services for electrical equipment products for rail transit locomotives and rolling stock in China.

Thai Steel Cable

Market Cap: ฿3.7b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.