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.

Standard Bank

Market Cap: MK 1.9t

Provides banking and other related services in Malawi.

Maistra d.d

Market Cap: €527.5m

Engages in the hotel business in Croatia.

Liburnia Riviera Hoteli d.d

Market Cap: €96.8m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Shangri-La Hotel

Market Cap: ฿5.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Oakworth Capital

Market Cap: US$162.2m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

MAPFRE Middlesea

Market Cap: €138.0m

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

Central Forest Group

Market Cap: JP¥21.3b

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

Invest Bank

Market Cap: د.أ196.3m

Provides various banking and related financial services in Jordan.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/776.5m

Engages distribution of electricity in Peru.

Morris State Bancshares

Market Cap: US$232.7m

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

Cashmere Valley Bank

Market Cap: US$234.6m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Inverfal PerúA

Market Cap: S/1.9b

Engages in investing in fixed or variable income securities.

First IC

Market Cap: US$113.3m

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States.

National General Insurance (P.J.S.C.)

Market Cap: د.إ946.8m

Engages in underwriting various classes of life and general insurance, and reinsurance products in the United Arab Emirates.

Watt's

Market Cap: CL$234.8b

Manufactures and sells food products in Chile.

Quemchi

Market Cap: CL$95.2b

Quemchi, S.A. engages in maritime transport, cargo and shipping services, and investments businesses.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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 cables and electrical and telecommunication conductors in Peru and internationally.

Procimmo Group

Market Cap: CHF 288.3m

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

Sundart Holdings

Market Cap: HK$1.0b

An investment holding company, provides fitting-out services in the People’s Republic of China, Hong Kong, Singapore, and Macau.

Yibin City Commercial Bank

Market Cap: HK$12.1b

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

Marusan Securities

Market Cap: JP¥65.2b

Engages in the financial products trading business in Japan.

Soft-World International

Market Cap: NT$18.7b

Develops, operates, and distributes games in Taiwan and China.

Nikko

Market Cap: JP¥27.2b

Engages in the manufacture and sale of asphalt mixing and concrete batching plants in Asia.

Shenzhen Tongye TechnologyLtd

Market Cap: CN¥2.5b

Engages in the research and development, production, sale, and maintenance services of rail transit electrical equipment products in China.

L&K Engineering

Market Cap: NT$61.3b

Provides turnkey engineering services in Taiwan, Hongkong, and internationally.

Red phase

Market Cap: CN¥3.0b

Provides solutions for power grid condition maintenance and intelligent operation in China.

China Container Terminal

Market Cap: NT$4.5b

Provides contracted operations of container freight stations at port and on land.

OUG Holdings

Market Cap: JP¥17.4b

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

Ryoyu Systems

Market Cap: JP¥44.0b

Provides information technology (IT) solutions for various industries in Japan.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥19.6b

Manages and operates ski resorts in Japan.

Sesoda

Market Cap: NT$9.7b

Manufactures and markets sulfate of potash (SOP) in Taiwan.

Sugar Terminals

Market Cap: AU$378.0m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Central Finance

Market Cap: LK₨43.8b

Provides various financial solutions primarily in Sri Lanka.

Pacific Construction

Market Cap: NT$4.0b

Engages in the construction business in Taiwan and Malaysia.