Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Tait Marketing & Distribution

Market Cap: NT$3.6b

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

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.

MOBI Industry

Market Cap: ر.س522.5m

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

Jetwell Computer

Market Cap: NT$7.7b

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

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.

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.

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.

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.

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.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.7b

Provides a range of banking and financial products and services to individuals, farmers, professionals, companies, private banking, and public authorities and associations in France.

Cyprus Cement

Market Cap: €171.5m

Engages in the production and sale of cement and related businesses in Cyprus.

Banque Nationale Agricole Société anonyme

Market Cap: د.ت964.7m

Provides various banking products and services in Tunisia.

Bank of the James Financial Group

Market Cap: US$106.1m

Operates as the bank holding company for Bank of the James that provides general retail and commercial banking services to individuals, businesses, associations and organizations, and governmental authorities in Virginia, the United States.

Bahrain National Holding Company B.S.C

Market Cap: ب.د60.1m

Bahrain National Holding Company B.S.C., together with its subsidiaries, asset management services in the Kingdom of Bahrain and other GCC countries.

Alumil Aluminium Industry

Market Cap: €195.1m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

ASA Gold and Precious Metals

Market Cap: US$1.3b

A publicly owned investment manager.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺31.5b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

BAUER

Market Cap: €249.6m

Provides services, equipment, and products related to ground and groundwater in Germany, Europe, the Middle East, the Asia Pacific, the Americas., and Africa.

Bank of Africa Mali

Market Cap: XOF 129.0b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.