Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

TSTE

Market Cap: ฿4.0b

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

Capricorn Group

Market Cap: R13.2b

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

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

SALUS Ljubljana d. d

Market Cap: €401.1m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Era Media Sejahtera

Market Cap: Rp2.8t

Operates as an advertising media company in Indonesia.

GTS Internasional

Market Cap: Rp4.6t

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

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.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Morris State Bancshares

Market Cap: US$266.3m

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

Gulf Insurance Group - Jordan

Market Cap: د.أ78.0m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Shangri-La Hotel

Market Cap: ฿5.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Yibin City Commercial Bank

Market Cap: HK$12.0b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Jamuna Bank

Market Cap: ৳19.8b

Provides various banking products and services in Bangladesh.

Chudenko

Market Cap: JP¥247.3b

Operates as an equipment engineering company in Japan.

Kuwait Insurance CompanyK.P

Market Cap: د.ك109.0m

Provides various insurance products and services in Kuwait.

Padma Oil

Market Cap: ৳16.6b

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Inverfal PerúA

Market Cap: S/1.9b

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

Procimmo Group

Market Cap: CHF 364.9m

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

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

Wan Hwa Enterprise

Market Cap: NT$5.0b

Engages in the rental of commercial buildings in Taiwan.

Cita Mineral Investindo

Market Cap: Rp16.6t

Engages in bauxite mining activities in Indonesia.

Aesler Grup Internasional

Market Cap: Rp4.9t

Provides architectural and construction management services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥39.7b

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

Creative & Innovative System

Market Cap: ₩596.5b

Manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc.

MKH Berhad

Market Cap: RM 605.7m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

ShenZhen Click TechnologyLTD

Market Cap: CN¥8.8b

Designs, produces, sells, and services LED lighting power supplies, power battery chargers, communication power supplies, adapters, magnetic components, electric car chargers, charging piles, and others in China and internationally.

An Phat Bioplastics

Market Cap: ₫3.1t

Produces and trades in plastic products in Vietnam, Singapore, the United States, Korea, and internationally.

Sakar Healthcare

Market Cap: ₹9.3b

Research, develops, manufactures, and sells pharmaceutical products in India.

Vivo Energy Mauritius

Market Cap: MU₨13.0b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Xinya Electronic

Market Cap: CN¥7.1b

Manufactures and sells wires and cables in China and internationally.

Suzhou Fengbei Biotech Stock

Market Cap: CN¥6.3b

Manufactures and sells resource-based products from utilization of natural oil and fat resources in China.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

Hind Rectifiers

Market Cap: ₹25.1b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

Shindaeyang Paper

Market Cap: ₩412.2b

Engages in the production and sale of corrugated cardboard base paper.