Global Undiscovered Gems With Strong Fundamentals

Formula Systems (1985)

Market Cap: ₪5.7b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Aura Investments

Market Cap: ₪5.0b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Payton Industries

Market Cap: ₪490.5m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Amir Marketing and Investments in Agriculture

Market Cap: ₪389.4m

Supplies and markets agricultural inputs in Israel.

Practic

Market Cap: RON 570.2m

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

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Rimoni Industries

Market Cap: ₪408.8m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Y.D. More Investments

Market Cap: ₪1.5b

A privately owned Investment Manager.

Oakworth Capital

Market Cap: US$156.7m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Rotshtein Realestate

Market Cap: ₪1.3b

Develops and constructs residential projects in Israel.

Maistra d.d

Market Cap: €518.8m

Engages in the hotel business in Croatia.

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

Terminal X Online

Market Cap: ₪537.7m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Mendelson Infrastructures & Industries

Market Cap: ₪557.1m

Mendelson Infrastructures & Industries Ltd.

Malam - Team

Market Cap: ₪1.9b

Provides information technology services in Israel.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.1b

A publicly owned investment manager.

Misr Beni Suef CementE

Market Cap: ج.م7.1b

Produces and sells cement products in Egypt and internationally.

West Bancorporation

Market Cap: US$318.7m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Solesence

Market Cap: US$285.3m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Grendene

Market Cap: R$5.0b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Reitar Logtech Holdings

Market Cap: US$301.6m

Through its subsidiaries, provides construction management and engineering design services.

Taiyo KagakuLtd

Market Cap: JP¥29.8b

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

Zhubo Design

Market Cap: CN¥2.3b

Engages in architectural design and consulting services in China.

Lan Fa Textile

Market Cap: NT$3.6b

Engages in the manufacture and sale of polyester textured yarn in Taiwan.

PAN Group

Market Cap: ₫5.6t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Maezawa Kasei Industries

Market Cap: JP¥27.3b

Produces and sells water and sewerage related products, and environmental equipment.

Nanjing Well Pharmaceutical GroupLtd

Market Cap: CN¥3.7b

Nanjing Well Pharmaceutical Group Co.,Ltd.

Yuan Cheng CableLtd

Market Cap: CN¥3.5b

Engages in the design, research and development, production, operation, and sales of wire and cable products in China.

Tokyo Tekko

Market Cap: JP¥47.0b

Engages in the manufacture and sale of steel products for the construction industry in Japan.

Cantabil Retail India

Market Cap: ₹20.9b

Engages in designing, manufacturing, branding, and retailing apparel and apparel accessories in India.

Sun

Market Cap: MU₨6.5b

Operates in the tourism sector.

New Asia Construction & Development

Market Cap: NT$4.0b

Provides public construction services for governments in Taiwan.

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Yuken India

Market Cap: ₹13.9b

Engages in the manufacture and sale of oil hydraulic equipment primarily in India.

Orient Pharma

Market Cap: NT$8.5b

Engages in the research and development, manufacturing, and sales of drugs in Taiwan and internationally.

Luyin Investment GroupLtd

Market Cap: CN¥4.3b

Engages in the production and sale of powder metallurgy materials and products, and salt and salt chemical products in China and internationally.