Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in tourism business.

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.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Compañía Electro Metalúrgica

Market Cap: CL$385.5b

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.

Citra Tubindo

Market Cap: Rp4.1t

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

NARUMIYA INTERNATIONAL

Market Cap: JP¥16.5b

Manufactures, processes, and sells clothing and related products.

La Positiva Seguros y Reaseguros

Market Cap: S/417.4m

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

TSTE

Market Cap: ฿4.2b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Capricorn Group

Market Cap: R11.2b

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

Dwi Guna Laksana

Market Cap: Rp5.6t

Engages in the coal mining and trading activities in Indonesia.

Namibia Breweries

Market Cap: R6.0b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Krishana Phoschem

Market Cap: ₹27.4b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

Maharashtra Seamless

Market Cap: ₹79.4b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Wealth First Portfolio Managers

Market Cap: ₹12.6b

Provides share and stock broking services in India.

Namuga

Market Cap: ₩239.0b

Designs, produces, and sells cameras and 3D sensing modules in Korea and internationally.

Li Ming Development Construction

Market Cap: NT$4.3b

Li Ming Development Construction Co., Ltd.

Uniplus Electronics

Market Cap: NT$5.6b

Engages in the research and development, manufacture, processing, and trading of printed circuit boards in Taiwan.

Joyce

Market Cap: AU$151.7m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

Rrp Semiconductor

Market Cap: ₹99.8b

Trades in electronic parts in India.

Cresco

Market Cap: JP¥66.0b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

Tait Marketing & Distribution

Market Cap: NT$4.4b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Monarch Networth Capital

Market Cap: ₹25.5b

Provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India.

ASL Marine Holdings

Market Cap: S$179.8m

Provides marine services in Singapore, Indonesia, Asia Pacific, South Asia, Europe, the Middle East, and Australia.

Mamata Machinery

Market Cap: ₹11.1b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Dong Fang Offshore

Market Cap: NT$39.3b

Provides offshore maritime solutions.

Danang Port

Market Cap: ₫3.0t

Offers port services in Vietnam.

Loadstar Capital K.K

Market Cap: JP¥50.9b

Engages in the real estate investment business in Japan.

Marusan Securities

Market Cap: JP¥61.2b

Engages in the financial products trading business in Japan.

Lelon Electronics

Market Cap: NT$14.3b

Develops, manufactures, markets, trades in, and sells electrolytic capacitors worldwide.

First Copper Technology

Market Cap: NT$14.2b

Produces and sells copper and copper alloy strips in Taiwan and internationally.

104

Market Cap: NT$7.5b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.