Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

NARUMIYA INTERNATIONAL

Market Cap: JP¥16.5b

Manufactures, processes, and sells clothing and related products.

Morris State Bancshares

Market Cap: US$245.5m

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

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in tourism business.

Citra Tubindo

Market Cap: Rp4.1t

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

Hermes Transportes Blindados

Market Cap: S/719.8m

Provides money and securities transfer, custody and processing, and document transfer services in Peru.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

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.

La Positiva Seguros y Reaseguros

Market Cap: S/417.4m

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Otec

Market Cap: JP¥27.7b

Trades pipework equipment in Japan.

DoshishaLtd

Market Cap: JP¥98.4b

Plans, develops, produces, and sells lifestyle-related products in Japan and Internationally.

Ryoyu Systems

Market Cap: JP¥42.0b

Provides information technology (IT) solutions for various industries in Japan.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥26.1b

Manages and operates ski resorts in Japan.

Johnson Chemical Pharmaceutical Works

Market Cap: NT$3.2b

Johnson Chemical Pharmaceutical Works Co., Ltd.

Bank of Iwate

Market Cap: JP¥64.7b

Provides various financial products and services in Japan.

Kyoritsu Electric

Market Cap: JP¥20.0b

Provides various systems, testing and measuring instruments, etc.

Hoshi Iryo-Sanki

Market Cap: JP¥15.2b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Lan Fa Textile

Market Cap: NT$3.8b

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

Subaru Enterprise

Market Cap: JP¥44.7b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

Maxigen Biotech

Market Cap: NT$3.8b

Researches, develops, produces, and sells implantable medical devices and cosmetic products in Taiwan, America, Europe, rest of Asia, and internationally.

First Juken

Market Cap: JP¥16.6b

Engages in the construction and sale of detached houses in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥49.7b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

KinjiroLtd

Market Cap: JP¥26.6b

Provides human resource management (HRM) solution services.

AzureWave Technologies

Market Cap: NT$12.5b

Engages in the manufacture and sale of wireless connectivity and image processing solutions worldwide.

ITE Tech

Market Cap: NT$21.8b

Engages in the design and development of PC and mobile phone controller chips in Taiwan, Asia, Europe, the United States, and Oceania.

Grade Upon Technology

Market Cap: NT$21.9b

Grade Upon Technology Corporation develops, manufactures, and sells sensor device products in Taiwan.

PBA Holdings Bhd

Market Cap: RM 675.2m

An investment holding company, operates as a water supplier in Malaysia.

Sun

Market Cap: MU₨7.4b

Operates in the tourism sector.

Digital Mediatama Maxima

Market Cap: Rp2.8t

Operates an integrated marketing platform.

Al-Enma'a Real Estate Company K.S.C.P

Market Cap: د.ك32.7m

Engages in the contracting, management, and maintenance of real estate in Kuwait and the Gulf Countries.

Soft-World International

Market Cap: NT$16.2b

Develops, operates, and distributes games in Taiwan and China.

Techno Ryowa

Market Cap: JP¥111.8b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

AblePrint Technology

Market Cap: NT$29.3b

Operates as a process solution provider for reducing process issues for various industries in Taiwan and internationally.

MKH Berhad

Market Cap: RM 628.8m

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.

Taiyo KagakuLtd

Market Cap: JP¥39.1b

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