Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Aesler Grup Internasional

Market Cap: Rp4.9t

Provides architectural and construction management services in Indonesia.

Jamuna Bank

Market Cap: ৳19.8b

Provides various banking products and services in Bangladesh.

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

National General Insurance (P.J.S.C.)

Market Cap: د.إ956.7m

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Billion Industrial Holdings

Market Cap: HK$10.5b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Daphne International Holdings

Market Cap: HK$890.4m

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

Taiyo KagakuLtd

Market Cap: JP¥38.3b

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

Citra Tubindo

Market Cap: Rp4.2t

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

HG Metal Manufacturing

Market Cap: S$134.6m

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

Padma Oil

Market Cap: ৳19.2b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Cairo Amman Bank

Market Cap: د.أ308.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Palasino Holdings

Market Cap: HK$1.9b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

CTCI Advanced Systems

Market Cap: NT$4.7b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ146.3m

Invests in, operates, and manages duty-free shops.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Viviana Power Tech

Market Cap: ₹9.0b

Engages in power transmission, distribution, and industrial engineering, procurement, and construction (EPC) space project businesses in India.

Hospital Corporation of China

Market Cap: HK$829.9m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Menthobi Karyatama Raya

Market Cap: Rp1.8t

Engages in the cultivation and development of palm oil plantations; and crude palm oil processing activities and related derivative products primarily in Indonesia.

Vivo Energy Mauritius

Market Cap: MU₨13.5b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Shangri-La Hotel

Market Cap: ฿5.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Transcorp Power

Market Cap: ₦2.3t

Engages in the generation and sale of electric power in Nigeria and internationally.

Standard Bank

Market Cap: MK 1.1t

Provides banking and other related services in Malawi.

Central Cooperative Bank AD

Market Cap: лв214.8m

A commercial bank, provides various financial products and services.

KABE Group AB (publ.)

Market Cap: SEK 1.8b

Engages in the construction and sale of caravans, motorhomes, and camping accessories in Sweden, the United Kingdom, Germany, Norway, Finland, Denmark, Poland, and internationally.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺19.7b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

GB Holdings

Market Cap: US$54.7m

Produces rubber and chemical products in Zimbabwe.

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi

Market Cap: ₺10.4b

Sönmez Filament Sentetik Iplik ve Elyaf Sanayi A.S.

Telekom Networks Malawi

Market Cap: MK 364.7b

Provides telecommunication services to enterprises and individual customers in Malawi.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺5.0b

Operates as an asset management company.

SALUS Ljubljana d. d

Market Cap: €404.4m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

ABG Sundal Collier Holding

Market Cap: NOK 4.1b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺6.7b

Marmaris Altinyunus Turistik Tesisler A.S.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 76.7b

Processes heavy bitumen crude in Africa.