Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

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.

Central Forest Group

Market Cap: JP¥22.3b

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

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.

Panram International

Market Cap: NT$3.4b

Engages in the design, manufacture, and sale of memory modules and flash memory related products in Taiwan.

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.

Tait Marketing & Distribution

Market Cap: NT$3.6b

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

Palasino Holdings

Market Cap: HK$1.5b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

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.

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.

Jetwell Computer

Market Cap: NT$7.7b

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

Te Chang Construction

Market Cap: NT$8.0b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

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.

Shahjalal Islami Bank

Market Cap: ৳19.3b

Provides commercial banking products and services in Bangladesh.

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.

Taiyo KagakuLtd

Market Cap: JP¥45.8b

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

Tohoku Steel

Market Cap: JP¥16.9b

Manufactures, processes, and distributes various types of special steel products in Japan.

Hoshi Iryo-Sanki

Market Cap: JP¥16.7b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Jamuna Bank

Market Cap: ৳21.6b

Provides various banking products and services in Bangladesh.

Upbest Group

Market Cap: HK$1.7b

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

Synmosa Biopharma

Market Cap: NT$15.9b

A specialty pharmaceutical company, engages in the manufacturing and sales of various pharmaceuticals and medical devices in Taiwan, China, the United States, Canada, Thailand, Malaysia, Singapore, and internationally.

Speed Tech

Market Cap: NT$6.7b

Designs, research and develops, manufactures, and sells connectors for use in communication, computers, automotive, and consumer industries in Taiwan and internationally.

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.

Jordanian Duty Free Shops

Market Cap: د.أ142.9m

Invests in, operates, and manages duty-free shops.

Namibia Breweries

Market Cap: R6.6b

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

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

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.

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.

Marvipol Development

Market Cap: zł447.8m

Develops residential projects in Poland.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺31.5b

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

Sound Financial Bancorp

Market Cap: US$112.4m

Operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses.

Wasko

Market Cap: zł773.3m

Designs, implements, and integrats software, information systems, and advanced industrial automation.

Security Federal

Market Cap: US$109.8m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

Banque Nationale Agricole Société anonyme

Market Cap: د.ت964.7m

Provides various banking products and services in Tunisia.