Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

MAPFRE Middlesea

Market Cap: €133.4m

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

Practic

Market Cap: RON 567.2m

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

Chilanga Cement

Market Cap: K5.6b

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/776.5m

Engages distribution of electricity in Peru.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Zhejiang Hengwei Battery

Market Cap: CN¥2.5b

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

Wison Engineering Services

Market Cap: HK$1.1b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Yuan Cheng CableLtd

Market Cap: CN¥3.4b

Engages in the design, research and development, production, operation, and sales of wire and cable products in China.

Shanghai Pioneer Holding

Market Cap: HK$2.6b

An investment holding company, markets, promotes, and sells pharmaceutical products and medical devices primarily in the People’s Republic of China.

Champion Building MaterialsLtd

Market Cap: NT$4.3b

Champion Building Materials Co., Ltd., together with its subsidiaries, manufactures and markets ceramics, ceramic products, stone products, fire-resistant materials, and other chemical products.

Billion Industrial Holdings

Market Cap: HK$9.1b

Develops, manufactures, and sells polyester filament yarns products, polyester products, polyester industrial yarns products, and ES fiber products in the People’s Republic of China and internationally.

ASTERASYSLtd

Market Cap: ₩318.6b

Manufactures and sells medical equipment for hospitals and skin care devices for beauty care clinics and salons in South Korea, Europe, Asia, the Middle East, Africa, North America, South America, Australia, and New Zealand.

Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou

Market Cap: CN¥6.3b

Manufactures and sells cleaning products in China.

DAM Capital Advisors

Market Cap: ₹15.5b

Provides investment banking services.

Amir Marketing and Investments in Agriculture

Market Cap: ₪412.7m

Supplies and markets agricultural inputs in Israel.

Hind Rectifiers

Market Cap: ₹17.0b

Engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally.

Ogaki Kyoritsu Bank

Market Cap: JP¥85.9b

A regional financial institution, provides various banking products and services in Japan and internationally.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.0b

A publicly owned investment manager.

Camelot Electronics TechnologyLtd

Market Cap: CN¥2.9b

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

Hollyland (China) Electronics Technology

Market Cap: CN¥2.2b

Engages in the research and development, production, and sale of circuit protection products in China and internationally.

Lungteh Shipbuilding

Market Cap: NT$11.5b

Engages in the shipbuilding business.

Formula Systems (1985)

Market Cap: ₪4.9b

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.

Timex Group India

Market Cap: ₹16.6b

Engages in the designing, manufacturing, and trading of watches in India and internationally.

Natural Food International Holding

Market Cap: HK$1.3b

An investment holding company, engages in the processing and sale of natural health food products in China.

Global Lighting Technologies

Market Cap: NT$5.8b

Designs, manufactures, and sells light guide plates and plastic components application products in Asia, the United States, and internationally.

Shenzhen Keanda Electronic Technology

Market Cap: CN¥2.5b

Shenzhen Keanda Electronic Technology Corp., Ltd.

Qingdao Daneng Environmental Protection Equipment

Market Cap: CN¥2.6b

Qingdao Daneng Environmental Protection Equipment Co., Ltd.

New Asia Construction & Development

Market Cap: NT$3.8b

Provides public construction services for governments in Taiwan.

Chuo WarehouseLtd

Market Cap: JP¥25.5b

Provides various logistics services in Japan and internationally.

OUG Holdings

Market Cap: JP¥16.7b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Center International GroupLtd

Market Cap: CN¥5.0b

Provides building metal enclosure systems solutions in China.

Prima Andalan Mandiri

Market Cap: Rp17.8t

Through its subsidiaries, operates as a coal mining company in Indonesia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.7b

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

AB Vilkyskiu pienine

Market Cap: €111.5m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.