Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

Jadranski naftovod d.d

Market Cap: €765.8m

Engages in the transport and storage of crude oil and petroleum products in the Republic of Croatia and internationally.

Morris State Bancshares

Market Cap: US$287.2m

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

Security Federal

Market Cap: US$105.8m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

JB Foods

Market Cap: S$227.0m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

Capricorn Group

Market Cap: R13.3b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Procimmo Group

Market Cap: CHF 373.9m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Productive Business Solutions

Market Cap: US$188.2m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

Guangzhou Ruili Kormee Automotive Electronic

Market Cap: CN¥10.6b

Guangzhou Ruili Kormee Automotive Electronic Co., Ltd.

Tchaikapharma High Quality Medicines AD

Market Cap: €901.5m

Develops, manufactures, and sells medicines in Bulgaria.

Nexa Resources AtacochaA

Market Cap: S/1.4b

Operates as a mining company worldwide.

Compañía Electro Metalúrgica

Market Cap: CL$442.5b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Industrias del Cobre Sociedad Anónima

Market Cap: S/833.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

Practic

Market Cap: RON 950.3m

Engages in the lease and sublease of real estate properties in Romania.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

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

Inverfal PerúA

Market Cap: S/1.5b

Engages in investing in fixed or variable income securities in Peru.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Enviro Infra Engineers

Market Cap: ₹30.6b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

Surya Toto Indonesia

Market Cap: Rp2.7t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

CMC

Market Cap: JP¥24.1b

Provides manual creation, business process management, training, translation, and interpretation services in Japan and internationally.

Dear LifeLtd

Market Cap: JP¥55.6b

Engages in the real estate business in Japan.

E J Holdings

Market Cap: JP¥33.3b

Through its subsidiaries, engages in the civil engineering consultant business in Japan and internationally.

Changjiu Holdings

Market Cap: HK$1.2b

An investment holding company, provides pledged vehicle monitoring and automobile dealership operation management services in China.

Hoshi Iryo-Sanki

Market Cap: JP¥15.9b

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

Toukei Computer

Market Cap: JP¥77.2b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

Zhongyeda Electric

Market Cap: CN¥5.8b

Engages in the distribution of industrial electrical products in China.

Changzhou Nrb

Market Cap: CN¥7.8b

Engages in the research, development, manufacture, and sale of auto precision bearing products in China and internationally.

Nice

Market Cap: JP¥23.9b

Distributes building materials and housing equipment in Japan.

Muto Seiko

Market Cap: JP¥16.6b

Manufactures and sells plastic parts in Japan, Vietnam, China, Taiwan, rest of Asia, and internationally.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك40.8m

Engages in managing real estate projects in Kuwait.

Techno Ryowa

Market Cap: JP¥182.3b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.