Global Undiscovered Gems With Strong Fundamentals

Banestes - Banco do Estado do Espírito Santo

Market Cap: R$2.7b

Banestes S.A - Banco do Estado do Espírito Santo S.A.

Corporacion Aceros Arequipa

Market Cap: S/1.6b

Engages in the manufacture and sale of steel products in Peru and internationally.

International Company for Agricultural Crops

Market Cap: ج.م5.6b

Engages in the agricultural activities in Egypt.

BankFirst Capital

Market Cap: US$206.6m

Operates as the bank holding company for BankFirst Financial Services that provides banking and financial services to individual and corporate customers in Mississippi, and northwest and west Alabama.

Hampiðjan hf

Market Cap: ISK 65.7b

Produces and sells fishing nets, ropes, and fishing long lines for the fishing fleet in Iceland.

Zanlakol

Market Cap: ₪580.8m

Engages in the development, production, marketing, and sale vegetable products in Israel.

Hiper Global

Market Cap: ₪804.8m

Provides computing solutions to OEM customers.

FMS Enterprises Migun

Market Cap: ₪1.7b

Manufactures and sells ballistic protection raw materials and products worldwide.

Kenon Holdings

Market Cap: ₪5.9b

Through its subsidiaries, operates as an owner, developer, and operator of power generation facilities in Israel, the United States, and internationally.

Neto Malinda Trading

Market Cap: ₪2.2b

Manufactures, imports, markets, and distributes kosher food products.

Unit

Market Cap: US$256.4m

Engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States.

Compañía Minera Santa Luisa

Market Cap: S/441.7m

Engages in the exploration, exploitation, mining, production, and metallurgical treatment and marketing of metals.

Kulmbacher Brauerei Aktien-Gesellschaft

Market Cap: €137.1m

Engages in the brewery business in Germany and internationally.

McRae Industries

Market Cap: US$106.2m

Manufactures, sells, and distributes boot products for the western/lifestyle and work boot markets.

Sociedad Anónima Viña Santa Rita

Market Cap: CL$155.2b

Produces and sells wines in Chile, America, Europe, Asia, Africa, and Oceania.

Viña San Pedro Tarapacá

Market Cap: CL$159.9b

Produces and exports wines in Chile, Argentina, and internationally.

Consorcio Cementero del Sur

Market Cap: S/894.3m

Through its subsidiaries, engages in the production and sale of cement in Peru.

Transrail Lighting

Market Cap: ₹62.0b

An engineering, procurement, and construction (EPC) company, engages in the designing, manufacturing, testing, installation, and supply of galvanized steel structures and conductors for power transmission and distribution in India and internationally.

Deewin Tianxia

Market Cap: HK$3.7b

Engages in the logistics and supply chain business in the People’s Republic of China.

Maruzen CHI HoldingsLtd

Market Cap: JP¥30.1b

Engages in the sale of books and magazines in Japan.

Shanghai Kaibao PharmaceuticalLtd

Market Cap: CN¥6.3b

Engages in the research, development, production, and sale of modern Chinese medicines primarily in China.

Jiujiang Shanshui TechnologyLtd

Market Cap: CN¥4.3b

Engages in the research, development, production, and sale of dye intermediates, pesticides, and pharmaceutical intermediates in China.

Sunspring Metal

Market Cap: NT$5.1b

Manufactures, processes, and trades water pipe switch accessories, gate valves, corks, copper pipe fittings, and waterway sanitary equipment in Taiwan and internationally.

Taekwang Industrial

Market Cap: ₩694.3b

Taekwang Industrial Co., Ltd. petrochemicals, synthetic fibers, textiles, and advanced materials in South Korea and internationally.

Guizhou RedStar DevelopingLtd

Market Cap: CN¥4.7b

Develops, manufactures, and sells electronic magnetic materials, rubber plastics additives, and green plant extracts in the People’s Republic of China.

Shandong Kehui Power AutomationLtd

Market Cap: CN¥1.4b

Develops and sells cable and transmission line fault locators in China and internationally.

Zhongyuan Bank

Market Cap: HK$11.9b

Offers banking services in the Asia Pacific, North America, and internationally.

Guangzhou Huayan Precision MachineryLtd

Market Cap: CN¥3.8b

Guangzhou Huayan Precision Machinery Co.,Ltd.

Wuxi Online Offline Communication Information Technology

Market Cap: CN¥3.2b

Wuxi Online Offline Communication Information Technology Co., Ltd.

Ji'an Mankun Technology

Market Cap: CN¥4.0b

Engages in the research and development, production, and sale of printed circuit boards primarily in China.

King Chou Marine Technology

Market Cap: NT$3.8b

Manufactures, processes, exports, and imports fishing nets for the marine industries under the King Net brand name worldwide.

Shenzhen Nanshan Power

Market Cap: CN¥3.3b

Produces and sells power and heat.

GuangDong Leary New Material TechnologyLtd

Market Cap: CN¥3.8b

GuangDong Leary New Material Technology Co.,Ltd.

Channel Well TechnologyLtd

Market Cap: NT$17.5b

Manufactures, processes, trades, and sale of power supply and various electronic components in Taiwan, rest of Asia, the United States, Europe, and internationally.

Zhejiang Feida Environmental Science & Technology

Market Cap: CN¥4.3b

Zhejiang Feida Environmental Science & Technology Co., Ltd.

Dawushan Farm Technology

Market Cap: NT$3.3b

Provides egg products in Taiwan.