Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Capricorn Group

Market Cap: R13.2b

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

Gulf Insurance Group - Jordan

Market Cap: د.أ78.0m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Shangri-La Hotel

Market Cap: ฿5.4b

Operates hotels in Bangkok and Chiang Mai provinces.

GTS Internasional

Market Cap: Rp4.6t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

TSTE

Market Cap: ฿4.0b

Primarily engages in the production and distribution of wheat flour in Thailand.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Jadranski naftovod d.d

Market Cap: €806.1m

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$266.3m

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

Productive Business Solutions

Market Cap: US$178.8m

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

SALUS Ljubljana d. d

Market Cap: €401.1m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Era Media Sejahtera

Market Cap: Rp2.8t

Operates as an advertising media company in Indonesia.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Inverfal PerúA

Market Cap: S/1.9b

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.

Freetrailer Group

Market Cap: €724.4m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Kuwait Insurance CompanyK.P

Market Cap: د.ك109.0m

Provides various insurance products and services in Kuwait.

Saatvik Green Energy

Market Cap: ₹46.8b

Manufactures and sells solar photovoltaic modules in India and internationally.

Hind Rectifiers

Market Cap: ₹25.1b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

Wan Hwa Enterprise

Market Cap: NT$5.0b

Engages in the rental of commercial buildings in Taiwan.

Namuga

Market Cap: ₩241.6b

Designs, produces, and sells cameras and 3D sensing modules in Korea and internationally.

Sichuan Zigong Conveying Machine Group

Market Cap: CN¥7.4b

Sichuan Zigong Conveying Machine Group Co., Ltd.

Jinsanjiang (Zhaoqing) Silicon Material

Market Cap: CN¥2.9b

Engages in the research and development, production, and sale of precipitated silica.

Taiyo KagakuLtd

Market Cap: JP¥39.7b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

MKH Berhad

Market Cap: RM 605.7m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

Vivo Energy Mauritius

Market Cap: MU₨13.0b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Zhongyeda Electric

Market Cap: CN¥5.1b

Engages in the distribution of industrial electrical products in China.

KNJ

Market Cap: ₩176.6b

Manufactures and sells equipment and parts for display panels and semiconductors in Korea and internationally.

Creative & Innovative System

Market Cap: ₩596.5b

Manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc.

Zhejiang Bofay Electric

Market Cap: CN¥2.6b

Engages in the research, development, production, and sale of polymer composite materials in China and internationally.

Aesler Grup Internasional

Market Cap: Rp4.9t

Provides architectural and construction management services in Indonesia.

Cita Mineral Investindo

Market Cap: Rp16.6t

Engages in bauxite mining activities in Indonesia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

Xiamen Jihong

Market Cap: CN¥7.1b

Engages in the cross-border social e-commerce and paper packaging solutions business.