Global Undiscovered Gems With Strong Fundamentals

Village Super Market

Market Cap: US$569.2m

Engages in the operation of a chain of supermarkets in the United States.

Speedy AD

Market Cap: лв984.1m

Provides courier services in Bulgaria and internationally.

Distribuidora de Gas Cuyana

Market Cap: AR$429.0b

Engages in the distribution of natural gas in Argentina.

Bahrain Kuwait Insurance Company B.S.C

Market Cap: ب.د60.5m

Provides general insurance, takaful, and related products and services in the Kingdom of Bahrain and internationally.

Jamaica Producers Group

Market Cap: JA$23.0b

Engages in the property management businesses in Europe, the Caribbean, and North America.

Grupo Financiero Multiva. de

Market Cap: Mex$5.4b

Provides various banking products and services in Mexico.

Lasco Manufacturing

Market Cap: JA$26.1b

Manufactures and sells soy-based products primarily Jamaica.

River Financial

Market Cap: US$310.0m

Operates as the bank holding company for the River Bank & Trust that provides financial services to small to medium-sized businesses, organizations, entrepreneurs, and individuals in the United States.

First Capital Bancshares

Market Cap: US$115.9m

Operates as a holding company for First Capital Bank that provides commercial banking services in the United States.

First Ottawa Bancshares

Market Cap: US$164.5m

Operates as the bank holding company for American Commercial Bank & Trust, National Association that provides a range of banking and financial services to individual and corporate customers in LaSalle, Grundy, Cook, and other counties in Illinois.

Depa

Market Cap: د.إ477.5m

Provides interior solutions.

Gradus AD

Market Cap: лв230.9m

Produces and sells poultry products in Bulgaria, Europe, and internationally.

Calvin B. Taylor Bankshares

Market Cap: US$141.0m

Operates as the holding company for Calvin B.

FS Bancorp

Market Cap: US$171.3m

Operates as the holding company for Farmers State Bank that provides banking products and services to individuals and business customers in Indiana and Michigan.

Madhya Bharat Agro Products

Market Cap: ₹35.2b

Engages in the manufacturing of fertilizers and chemicals in India.

Taiwan Semiconductor

Market Cap: NT$12.8b

Manufactures and sells rectifiers and bar code printers in Asia, the United States, Europe, and internationally.

NIHON CHOUZAILtd

Market Cap: JP¥116.8b

Engages in the management of health insurance dispensing chain pharmacies in Japan.

Quality Chemical Industries

Market Cap: USh421.7b

Manufactures and sells pharmaceutical drugs in Uganda.

Reward Wool Industry

Market Cap: NT$3.8b

Manufactures and sells wool products in Taiwan, Japan, South Korea, and internationally.

Wave Power Technology

Market Cap: NT$6.4b

Engages in the research and development, manufacture, and sale of advanced high frequency, high power, high voltage, and high vacuum products.

NippiIncorporated

Market Cap: JP¥37.2b

Manufactures and sells collagen and gelatin products in Japan, Thailand, rest of Asia, North America, and internationally.

Tigers Polymer

Market Cap: JP¥18.5b

Manufactures and sells rubber hoses, sheets, and molded products primarily to automotive, electrics, air conditioning, construction and housing, and industrial materials markets in Japan, Southeast Asia, the Americas, and China.

AYER Holdings Berhad

Market Cap: RM 519.5m

Engages in property development and plantation businesses in Malaysia.

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥38.9b

Hokuriku Electrical Construction Co.,Ltd.

New Cosmos ElectricLtd

Market Cap: JP¥50.9b

Researches, develops, manufactures, sells, and maintains residential gas and fire alarms, and fixed gas detection and alarm systems in Japan.

Avex

Market Cap: JP¥49.8b

An entertainment company, engages in the music, artist management, animation, visual content, and other businesses in Japan.

Nichimo

Market Cap: JP¥20.3b

Manufactures and sells fish products in Japan and internationally.

PSSLtd

Market Cap: NT$9.6b

Provides cloud parking management and visitor management systems, medical self-help machines, self-service refueling machines, ordering machines, and smart ticket machines in Taiwan.

QNAP Systems

Market Cap: NT$23.7b

Engages in the manufacture and sale of data storage and processing equipment, wired communication machinery and optical instruments in Taiwan.

Kedge Construction

Market Cap: NT$11.3b

Kedge Construction Co., Ltd. constructs, develops, leases, and sells housing and building properties in Taiwan.

KTK Group

Market Cap: CN¥10.9b

Research, develops, produces, sells, and service interior systems, electrical controlling systems, and vehicle equipment for high-speed trains, metro, LRV, and ordinary rail passenger cars in China and internationally.

SMARTGEN (Zhengzhou) Technology

Market Cap: CN¥3.9b

SMARTGEN (Zhengzhou) Technology Co., Ltd.

Hanla IMS

Market Cap: ₩285.7b

Provides integrated systems in South Korea, Singapore, China, and internationally.

HwaCom Systems

Market Cap: NT$6.3b

Provides digital media, smart applications, cybersecurity, and information and communication technology solutions in Taiwan and internationally.

Guangdong Fuxin Technology

Market Cap: CN¥4.2b

Researches, develops, produces, and sells semiconductor thermoelectric materials.

Guangdong Kitech New Material HoldingLtd

Market Cap: CN¥3.1b

Guangdong Kitech New Material Holding Co.,Ltd.