Global Undiscovered Gems With Strong Fundamentals

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

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

Maistra d.d

Market Cap: €525.3m

Engages in the hotel business in Croatia.

Morris State Bancshares

Market Cap: US$223.2m

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

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Xinjiang Torch Gas

Market Cap: CN¥2.6b

Operates as a gas service company in China.

TCM Biotech International

Market Cap: NT$3.3b

A biotech company, engages in the research and development of drugs for liver diseases.

Showbox

Market Cap: ₩214.2b

Engages in the investment, production, and distribution of films in South Korea, North America, Asia, Europe, and internationally.

Nantong Guosheng Intelligence Technology Group

Market Cap: CN¥3.1b

Nantong Guosheng Intelligence Technology Group Co., Ltd.

Guangdong Sanhe Pile

Market Cap: CN¥4.2b

Engages in the research and development, production, and sale of prestressed concrete pipe pile products in China.

Advanced International Multitech

Market Cap: NT$9.8b

Advanced International Multitech Co., Ltd.

AlpenLtd

Market Cap: JP¥90.9b

Engages in the development and sale of sporting products in Japan.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.4b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

PC Jeweller

Market Cap: ₹79.7b

Manufactures, sells, and trades in gold, diamond, silver, precious stone, and gold and diamond studded jewelry in India.

Suzhou Sepax Technologies

Market Cap: CN¥6.5b

Researches, develops, produces, and sells liquid chromatography materials for the separation and purification of biomacromolecules and other drugs worldwide.

CMC

Market Cap: JP¥19.2b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

Shenzhen Bsc TechnologyLtd

Market Cap: CN¥5.2b

Engages in the design, development, production, and sale of functional devices for electronic products.

Suzhou Longjie Special Fiber

Market Cap: CN¥3.6b

Engages in the research and development, production, and sale of polyester filaments in China and internationally.

Anpec Electronics

Market Cap: NT$11.8b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Genesys International

Market Cap: ₹26.8b

Provides geographical information services in India and internationally.

Southeast Asia Commercial Bank

Market Cap: ₫51.6t

Provides retail and corporate banking products and services in Vietnam.

Daphne International Holdings

Market Cap: HK$831.0m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

ISE Chemicals

Market Cap: JP¥140.8b

Engages in the iodine and natural gas, and metallic compound businesses in Japan.

AIC

Market Cap: NT$14.6b

Provides OEM/ODM, commercial off-the-shelf, and server and storage solutions in the United States, Asia, and Europe.

Network People Services Technologies

Market Cap: ₹38.2b

Develops payments infrastructure for banks, payment aggregators, and merchants in India.

Huasi Holding

Market Cap: CN¥1.7b

Operates in the fur industry in China, Europe, Russia, the United States, Japan, South Korea, and Hong Kong.

Zhejiang Jinghua Laser TechnologyLtd

Market Cap: CN¥4.3b

Develops, manufactures, and sells laser holographic molded products.

GakkyushaLtd

Market Cap: JP¥23.9b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

Hefei Gocom Information TechnologyLtd

Market Cap: CN¥1.4b

Hefei Gocom Information Technology Co.,Ltd.

Britam Holdings

Market Cap: KSh18.8b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Neosem

Market Cap: ₩403.3b

Manufactures and sells semiconductor inspection equipment.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥22.8b

Manages and operates ski resorts in Japan.

ITCENGLOBAL

Market Cap: ₩670.6b

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