Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Southern Michigan Bancorp

Market Cap: US$118.8m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Tchaikapharma High Quality Medicines AD

Market Cap: €872.7m

Develops, manufactures, and sells medicines in Bulgaria.

Namibia Breweries

Market Cap: R6.3b

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

Nexa Resources AtacochaA

Market Cap: S/1.4b

Operates as a mining company worldwide.

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.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Asian Terminals

Market Cap: ₱54.0b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Ideal Capital Berhad

Market Cap: RM 1.8b

An investment holding company, engages in the property development business in Malaysia.

Pizu Group Holdings

Market Cap: HK$5.8b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

KFM Kingdom Holdings

Market Cap: HK$1.9b

An investment holding company, manufactures and sells precision metal stamping products in the People’s Republic of China, South East Asia, Hong Kong, North America, Europe, and internationally.

Krishana Phoschem

Market Cap: ₹30.2b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

Ubiquoss Holdings

Market Cap: ₩262.6b

Manufactures and sells wired Internet data transmission equipment, such as Ethernet switch, FTTH (fiber-to-the-home) solutions, and VDSL2 equipment.

Kaneko Seeds

Market Cap: JP¥16.3b

Kaneko Seeds Co., Ltd., together with its subsidiaries, production and sale agricultural seeds in Japan.

Maharashtra Seamless

Market Cap: ₹75.6b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Standard Chartered Bank Kenya

Market Cap: KSh125.6b

Provides various banking products and services for individuals and businesses.

Jiangsu JIXIN Wind Energy Technology

Market Cap: CN¥6.5b

Researches, develops, manufactures, and sells wind turbine components in China.

Chuo WarehouseLtd

Market Cap: JP¥35.1b

Provides various logistics services in Japan and internationally.

Mamata Machinery

Market Cap: ₹9.5b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Hua Na Hydropower

Market Cap: ₫5.3t

Engages in the investment, production, and trading of electricity in Vietnam.

TechNVision Ventures

Market Cap: ₹39.4b

Provides information technology products and services in India and internationally.

ISE Chemicals

Market Cap: JP¥315.4b

Engages in the iodine and natural gas, and mettalic compound businesses in Japan.

MicroAd

Market Cap: JP¥24.3b

Operates an advertising platform that connects advertisers and the media in Japan.

Akatsuki

Market Cap: JP¥21.5b

Engages in the real estate and securities businesses in Japan.

Apacer Technology

Market Cap: NT$26.2b

Researches, designs, develops, manufactures, processes, maintains, and sells memory modules and storage memory devices in Hong Kong, Taiwan, Mainland China, the Americas, Japan, and internationally.

JB Foods

Market Cap: S$235.6m

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.

Otec

Market Cap: JP¥37.9b

Trades pipework equipment in Japan.

Sunny Loan TopLtd

Market Cap: CN¥4.3b

Provides investment and financing services in China and internationally.

SAN Holdings

Market Cap: JP¥31.6b

Provides funeral services in Japan.

Banyan Tree Holdings

Market Cap: S$537.5m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

Ryoyu Systems

Market Cap: JP¥43.2b

Provides design, development, operation and maintenance of information and communication systems for various industries in Japan.

ADDCN Technology

Market Cap: NT$10.0b

Operates online trading platforms in Taiwan and internationally.

Suzhou Highfine Biotech

Market Cap: CN¥5.5b

Manufactures and sells chemicals for pharmaceutical research and development, and API production companies in China.

Wowow

Market Cap: JP¥37.2b

Provides broadcasting and related services in Japan.

GOCL

Market Cap: ₹12.0b

Engages in the electronics manufacturing services and the realty businesses in India and internationally.

Machvision

Market Cap: NT$46.8b

Engages in the manufacturing, repair, and sale of optical inspection machinery and equipment in Taiwan, China, and internationally.