Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

MAPFRE Middlesea

Market Cap: €130.6m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Tait Marketing & Distribution

Market Cap: NT$3.6b

Engages in the marketing, agency, and distribution of various foods, beverages, liquors, and supplies in Taiwan.

Saudi Chemical Holding

Market Cap: ر.س6.9b

Engages in the manufacture, distribution, and retail of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment, supplies of hospitals and medical centers and its related spare parts, and food products.

Central Forest Group

Market Cap: JP¥22.3b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

SALUS Ljubljana d. d

Market Cap: €517.8m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: €891.9m

Develops, manufactures, and sells medicines in Bulgaria.

Oxford Bank

Market Cap: US$104.0m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

MOBI Industry

Market Cap: ر.س522.5m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Nofoth Food Products

Market Cap: ر.س805.7m

Produces and sells bakery products in Saudi Arabia.

Wholetech System Hitech

Market Cap: NT$9.8b

Provides system integration services in Taiwan, China, Japan, and Singapore.

HG Metal Manufacturing

Market Cap: S$170.3m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Invalda INVL

Market Cap: €332.8m

A private equity firm specializing in investments in small and middle-market privately held companies, industry consolidation, mature, growth capital, early venture, mid venture, later stage, acquisitions, and buyouts in undervalued assets.

Genesys Logic

Market Cap: NT$8.6b

Engages in the designing, manufacturing, testing, and sale of integrated circuits, semiconductors, digital communication products, computer equipment and related products in Taiwan, China, and internationally.

Gulf Insurance Group - Jordan

Market Cap: د.أ82.7m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Shahjalal Islami Bank

Market Cap: ৳19.3b

Provides commercial banking products and services in Bangladesh.

Nestlé Pakistan

Market Cap: PK₨337.5b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Jetwell Computer

Market Cap: NT$7.7b

Engages in manufacturing of computers and peripheral equipment in China, Taiwan, and internatinally.

Etihad GO Telecom

Market Cap: ر.س3.2b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Gallant Precision Machining

Market Cap: NT$19.1b

Manufactures and sells flat panel display manufacturing and testing equipment, semiconductor packaging equipment, automation equipment, and related products in Taiwan, China, and internationally.

Baazeem Trading

Market Cap: ر.س587.3m

Operates as a FMCG distribution company.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ641.7m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Panram International

Market Cap: NT$3.4b

Engages in the design, manufacture, and sale of memory modules and flash memory related products in Taiwan.

Fauji Foods

Market Cap: PK₨45.3b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

ManpowerGroup Greater China

Market Cap: HK$1.2b

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.

Taiyo KagakuLtd

Market Cap: JP¥45.8b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Anpec Electronics

Market Cap: NT$17.5b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Palasino Holdings

Market Cap: HK$1.5b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

Britam Holdings

Market Cap: KSh31.3b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Te Chang Construction

Market Cap: NT$8.0b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

Tohoku Steel

Market Cap: JP¥16.9b

Manufactures, processes, and distributes various types of special steel products in Japan.

AB Akola Group

Market Cap: €283.2m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Hoshi Iryo-Sanki

Market Cap: JP¥16.7b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Namibia Breweries

Market Cap: R6.6b

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

Padma Oil

Market Cap: ৳17.1b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.