Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Freetrailer Group

Market Cap: €743.4m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Southern Michigan Bancorp

Market Cap: US$110.9m

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.

Bahrain National Holding Company B.S.C

Market Cap: ب.د61.7m

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

Procimmo Group

Market Cap: CHF 364.9m

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Inverfal PerúA

Market Cap: S/1.9b

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

Productive Business Solutions

Market Cap: US$173.2m

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

Tri-County Financial Group

Market Cap: US$115.9m

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.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

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.

Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou

Market Cap: CN¥5.8b

Engages in the production and sale of edible sugar, beverages, and other food products in China and internationally.

TI Cloud

Market Cap: HK$819.3m

Provides cloud-native customer contact solutions that enables enterprises to engage in multi-channel customer interactions in the People's Republic of China and Hong Kong.

PINAGO UTAMA

Market Cap: Rp2.3t

Engages in the oil palm and rubber plantation business in Indonesia.

Lippo Cikarang

Market Cap: Rp3.0t

Develops real estate and industrial estate projects in Indonesia.

Hangzhou Xili Intelligent TechnologyLtd

Market Cap: CN¥2.1b

Hangzhou Xili Intelligent Technology Co.,Ltd.

Hollyland (China) Electronics Technology

Market Cap: CN¥2.9b

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

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.

Tai Sin Electric

Market Cap: S$276.2m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Anhui Huaren Health Pharmaceutical

Market Cap: CN¥5.9b

Anhui Huaren Health Pharmaceutical Co., Ltd.

Iljin DiamondLtd

Market Cap: ₩181.3b

Iljin Diamond Co., Ltd. manufactures and sells tool materials in South Korea, the United States, Europe, Japan, China, and internationally.

New Asia Construction & Development

Market Cap: NT$3.4b

Provides public construction services for governments in Taiwan.

ITCENGLOBAL

Market Cap: ₩613.8b

Provides consulting, ICT, and outsourcing services and solutions in South Korea.

Saha-Union

Market Cap: ฿8.0b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Yashima Denki

Market Cap: JP¥62.3b

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

Guangdong Goworld

Market Cap: CN¥7.5b

Provides electronic components and ultrasonic electronic instruments in China.

Timex Group India

Market Cap: ₹36.1b

Engages in designing, manufacturing, and trading of watches in India and internationally.

Woojin

Market Cap: ₩426.3b

Engages in the developing and manufacturing of industrial measuring instruments in South Korea.

HannStar Board

Market Cap: NT$46.9b

Manufactures, assembles, and sells printed circuit boards (PCBs) in Taiwan.

Machvision

Market Cap: NT$33.7b

Develops and sells machine vision systems for semiconductor and printed circuit board (PCB) industry in Taiwan.

TSTE

Market Cap: ฿4.0b

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

Hind Rectifiers

Market Cap: ₹25.5b

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

Komori

Market Cap: JP¥82.8b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.

Wowow

Market Cap: JP¥37.6b

Provides broadcasting and related services in Japan.

HG Metal Manufacturing

Market Cap: S$136.0m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.