Global Undiscovered Gems With Strong Fundamentals

ANSA Merchant Bank

Market Cap: TT$3.4b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Grendene

Market Cap: R$4.9b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Rotshtein Realestate

Market Cap: ₪1.3b

Develops and constructs residential projects in Israel.

Terminal X Online

Market Cap: ₪551.1m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Maistra d.d

Market Cap: €516.6m

Engages in the hotel business in Croatia.

Payton Industries

Market Cap: ₪496.6m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Aura Investments

Market Cap: ₪4.9b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Formula Systems (1985)

Market Cap: ₪5.8b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Rimoni Industries

Market Cap: ₪428.7m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Shenzhen Bsc TechnologyLtd

Market Cap: CN¥4.8b

Engages in the design, development, production, and sale of functional devices for electronic products.

Morris State Bancshares

Market Cap: US$203.6m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

BBK Test Systems

Market Cap: CN¥3.7b

Manufactures and sells automotive and structural testing equipment in China and internationally.

JinXianDai Information IndustryLtd

Market Cap: CN¥3.6b

Provides electric power, rail transit, and petrochemical related solutions in China.

Silvery Dragon Prestressed MaterialsLTD Tianjin

Market Cap: CN¥5.7b

Manufactures and sells prestressed steel products in China and internationally.

Hangzhou Fortune Gas Cryogenic Group

Market Cap: CN¥5.3b

Hangzhou Fortune Gas Cryogenic Group Co., Ltd.

Forth Smart Service

Market Cap: ฿5.2b

Provides prepaid mobile top-up services in Thailand.

Jiangsu Lianfa TextileLtd

Market Cap: CN¥2.7b

Engages in the manufacture and sale of textile products in China.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.9b

Researches, develops, produces, and sells black sesame health products in China.

Qingmu Tec

Market Cap: CN¥4.3b

Provides brand retail solutions.

Suzhou Sepax Technologies

Market Cap: CN¥6.7b

Researches, develops, produces, and sells liquid chromatography materials for the separation and purification of biomacromolecules and other drugs worldwide.

Guangdong Delian Group

Market Cap: CN¥3.8b

Engages in the automobile fine chemicals, automobile sales service, and automobile repair and maintenance businesses, and development of new application scenarios in China.

Sinotherapeutics

Market Cap: CN¥4.5b

A specialty pharmaceutical company, develops generic and formulation products in China.

Shenyang Yuanda Intellectual Industry GroupLtd

Market Cap: CN¥3.9b

Researches, develops, manufactures, installs, and sells elevators in China and internationally.

DorightLtd

Market Cap: CN¥2.7b

Engages in the design, research and development, manufacture, inspection, sale, and servicing of energy-saving environmental protection equipment in China.

Hiconics Eco-energy Technology

Market Cap: CN¥6.4b

Engages in the industrial control, residential energy storage, and distributed PV EPC businesses in China and internationally.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.4b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

Nantong Guosheng Intelligence Technology Group

Market Cap: CN¥3.2b

Nantong Guosheng Intelligence Technology Group Co., Ltd.

Shenzhen Tongye TechnologyLtd

Market Cap: CN¥3.2b

Engages in the research and development, production, sale, and maintenance services of rail transit electrical equipment products in China.

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

Market Cap: د.إ1.0b

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

Xiamen King Long Motor Group

Market Cap: CN¥10.2b

Engages in the research and development, design, manufacturing, and sale of bus products in China and internationally.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥1.6b

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

Chilanga Cement

Market Cap: K6.0b

Engages in the manufacture and sale of cement products in Zambia.

WuHu Foresight TechnologyLtd

Market Cap: CN¥2.8b

Engages in the research and development, manufacture, and sale of automotive interior parts in China.

Anji Foodstuff

Market Cap: CN¥2.7b

Engages in the research and development, production, and sale of condiments in China and internationally.