Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

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

Capricorn Group

Market Cap: R10.8b

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

Inversiones Doalca SOCIMI

Market Cap: €154.2m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Sociedad Matriz SAAM

Market Cap: CL$1.1t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

First National Bank of Botswana

Market Cap: P13.1b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Bank Ganesha

Market Cap: Rp2.0t

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

Invest Bank

Market Cap: د.أ207.5m

Provides various banking and related financial services in Jordan.

Saudi Chemical Holding

Market Cap: ر.س7.2b

Saudi Chemical Holding Company manufacture, wholesale, and retail trade of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment in the Kingdom of Saudi Arabia and internationally.

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س838.6m

Engages in the wholesale and retail trade of medical supplies for the aesthetic market in the Kingdom of Saudi Arabia.

National Industries Group Holding - KPSC

Market Cap: د.ك602.3m

Through its subsidiaries, engages in the building materials, petrochemicals, oil and gas services, mechanical industries, utilities, real estate, infrastructure, and financial services in Kuwait and internationally.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك417.5m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors.

Taiyo KagakuLtd

Market Cap: JP¥28.4b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Central Forest Group

Market Cap: JP¥22.9b

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

Lion Rock Group

Market Cap: HK$993.3m

An investment holding company, provides printing services to international book publishers, trade, professional and educational publishing conglomerates, and print media companies.

Shangri-La Hotel

Market Cap: ฿5.9b

Operates hotels in Bangkok and Chiang Mai provinces.

National Investments Company K.S.C.P

Market Cap: د.ك197.7m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

Shanghai Pioneer Holding

Market Cap: HK$2.6b

An investment holding company, markets, promotes, and sells pharmaceutical products and medical devices primarily in the People’s Republic of China.

Surya Toto Indonesia

Market Cap: Rp2.2t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Fanli Digital TechnologyLtd

Market Cap: CN¥1.5b

Operates Fanli.com, an e-commerce shopping guide platform in China.

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

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

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

First IC

Market Cap: US$156.4m

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

Central Cooperative Bank AD

Market Cap: лв199.6m

A commercial bank, provides various financial products and services.

Jadranski naftovod d.d

Market Cap: €775.9m

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

Biggeorge Property Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft50.1b

Operates as a property development company.

Jamuna Bank

Market Cap: ৳16.8b

Provides various banking products and services in Bangladesh.

Linde Bangladesh

Market Cap: ৳13.5b

Manufactures and supplies industrial and medical gases, welding products and equipment, and ancillary equipment in Bangladesh.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺17.2b

Provides software development services to public and private organizations in Turkey.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.7b

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

Billion Industrial Holdings

Market Cap: HK$9.7b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Citra Tubindo

Market Cap: Rp2.1t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Sure Global Tech

Market Cap: ر.س647.5m

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

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Padma Oil

Market Cap: ৳17.8b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Bakrie & Brothers

Market Cap: Rp5.5t

Through its subsidiaries, engages in the trading, construction, agribusiness, coal mining, oil and gas, and telecommunication business in Indonesia and internationally.