Global Undiscovered Gems With Strong Fundamentals

Digia Oyj

Market Cap: €180.5m

Operates as a software and service company in Finland, Sweden, and internationally.

Capital City Bank Group

Market Cap: US$700.1m

Operates as the financial holding company for Capital City Bank that provides a range of banking services to individual and corporate clients.

Oeneo

Market Cap: €602.1m

Operates in the wine industry worldwide.

Horace Mann Educators

Market Cap: US$1.8b

Operates as an insurance holding company in the United States.

XPEL

Market Cap: US$1.0b

Manufactures, installs, sells, and distributes protective films, coatings and related services.

First Community

Market Cap: US$200.9m

Operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals.

Electrolux Professional

Market Cap: SEK 18.3b

Provides food service, beverage, and laundry products and solutions to restaurants, hotels, healthcare, educational, and other service facilities.

California BanCorp

Market Cap: US$523.5m

Operates as the bank holding company for California Bank of Commerce, N.A.

HD Renewable Energy

Market Cap: NT$24.0b

Engages in the power development, engineering, and trading in Taiwan, Japan, Australia, and the Philippines.

CAP

Market Cap: CL$719.7b

Engages in iron ore mining, steel production, steel processing, and infrastructure businesses in Chile and internationally.

Sonda

Market Cap: CL$289.2b

Provides information technology (IT) solutions in the United States, Chile, Brazil, Mexico, Argentina, Colombia, Costa Rica, Ecuador, Panama, Peru, Guatemala, and Uruguay.

Viña Concha y Toro

Market Cap: CL$801.3b

Produces, distributes, stores, transports, and sells wines in Chile, Argentina, and the United States.

Lonking Holdings

Market Cap: HK$12.4b

An investment holding company, manufactures and distributes wheel loaders, road rollers, excavators, forklifts, and other construction machinery in Mainland China and internationally.

Emeco Holdings

Market Cap: AU$478.5m

Provides surface and underground mining equipment rental, complementary equipment, and mining services in Australia.

Matahari Department Store

Market Cap: Rp3.5t

Engages in the retail business in Indonesia.

KITZ

Market Cap: JP¥124.8b

Engages in the manufacturing and selling of valves, other flow control devices, and related products in Japan and internationally.

Vision

Market Cap: JP¥60.5b

Primarily engages in the provision of mobile Wi-Fi router rental services in Japan and internationally.

Systena

Market Cap: JP¥176.9b

Engages in the solution and framework design, IT service, business solution, and cloud businesses in Japan.

Sanken Electric

Market Cap: JP¥173.1b

Engages in the manufacture and sale of electric equipment and apparatus in Japan and internationally.

Fuji Seal International

Market Cap: JP¥156.0b

Engages in planning, proposal, development, manufacturing, and sales of packaging systems.

Zhejiang Huangma TechnologyLtd

Market Cap: CN¥9.0b

Researches, develops, produces, and sells surfactants in China and internationally.

Foshan Electrical and LightingLtd

Market Cap: CN¥9.1b

Engages in the research and development, production, and sale of general lighting and electrical products, automotive lighting, LED packaging products, and others in the People’s Republic of China and internationally.

Ora Banda Mining

Market Cap: AU$1.3b

Engages in the exploration, operation, and development of mineral properties in Australia.

TOCALOLtd

Market Cap: JP¥121.3b

Develops surface modifying technologies in Japan and internationally.

Zhejiang Shaoxing RuiFeng Rural Commercial BankLtd

Market Cap: CN¥10.9b

Provides commercial banking products and services in China.

Treasure FactoryLTD

Market Cap: JP¥41.0b

Engages in the development and operation of reuse stores in Japan.

Cobram Estate Olives

Market Cap: AU$1.2b

Engages in olive farming and the production and marketing of olive oil in Australia, the United States, and internationally.

Daxin Materials

Market Cap: NT$31.3b

Engages in the research, development, production, and sale of display and key raw materials, and specialty chemicals for semiconductors in Taiwan, China, Japan, and internationally.

Infomart

Market Cap: JP¥92.1b

Operates an online business-to-business (BtoB) electronic commerce platform in Japan.

Kanadevia

Market Cap: JP¥168.6b

Kanadevia Corporation design, constructs, and manufactures energy-from-waste plants, desalination plants, and water and sewage treatment plants in Japan and internationally.

Shakey's Pizza Asia Ventures

Market Cap: ₱13.0b

Owns, operates, and franchises chained pizza, kiosks, and full-service restaurants in the Philippines and internationally.

Ishihara Sangyo KaishaLtd

Market Cap: JP¥93.0b

Manufactures and sells organic and inorganic chemicals in Japan, Asia, the United States, Europe, and internationally.

NZX

Market Cap: NZ$476.4m

Operates a stock exchange in New Zealand.

Hangzhou DPtech TechnologiesLtd

Market Cap: CN¥11.5b

Together with its subsidiary, Hangzhou Deepin Information Technology Co., Ltd., engages in the research and development, production, and sale of network security and application delivery products in China, Hong Kong, and internationally.

Binjiang Service Group

Market Cap: HK$6.3b

Provides property management and related services in the People’s Republic of China.

Pan-United

Market Cap: S$788.7m

An investment holding company, engages in the concrete and logistics businesses in Singapore and internationally.