Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Southern Michigan Bancorp

Market Cap: US$110.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Namibia Breweries

Market Cap: R6.2b

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

Oakworth Capital

Market Cap: US$180.2m

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

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

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

Productive Business Solutions

Market Cap: US$150.6m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

Inverfal PerúA

Market Cap: S/1.9b

Engages in investing in fixed or variable income securities in Peru.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Era Media Sejahtera

Market Cap: Rp2.8t

Operates as an advertising media company in Indonesia.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

GTS Internasional

Market Cap: Rp4.6t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Jadranski naftovod d.d

Market Cap: €806.1m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Shangri-La Hotel

Market Cap: ฿5.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Capricorn Group

Market Cap: R13.2b

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

SG Mart

Market Cap: ₹42.5b

Trades in building material products in India and internationally.

Qassim Cement

Market Cap: ر.س4.5b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Thai Steel Cable

Market Cap: ฿3.9b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Monarch Networth Capital

Market Cap: ₹24.3b

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

Baazeem Trading

Market Cap: ر.س612.6m

Operates as a FMCG distribution company.

Nofoth Food Products

Market Cap: ر.س984.1m

Produces and sells bakery products in Saudi Arabia.

Camelot Electronics TechnologyLtd

Market Cap: CN¥4.2b

Engages in the research, production, and sale of printed circuit boards for intelligent electric vehicles in China and internationally.

Shandong Sacred Sun Power SourcesLtd

Market Cap: CN¥5.5b

Provides green energy solutions worldwide.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥4.4b

Engages in the material transmission, warehousing, logistics, and sorting systems in industrial production in China.

Guangdong Green Precision Components

Market Cap: CN¥5.7b

Guangdong Green Precision Components Co., Ltd.

Nextronics Engineering

Market Cap: NT$4.2b

Provides connectors, thermal, backplane, and subracks for medical, aerospace, transportation, industry, and communication applications in Taiwan.

Surya Citra Media

Market Cap: Rp28.1t

Provides multimedia services in Indonesia.

Jiangsu Rainbow Heavy Industries

Market Cap: CN¥6.2b

Jiangsu Rainbow Heavy Industries Co., Ltd.

Vidhi Specialty Food Ingredients

Market Cap: ₹16.7b

Engages in manufacture and trading of synthetic food colors.

Oriental Precision & EngineeringLtd

Market Cap: ₩368.0b

Oriental Precision & Engineering Co.,Ltd.

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.

Kyoritsu Electric

Market Cap: JP¥19.2b

Provides various systems, testing and measuring instruments, etc.