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.

Kalyani Investment

Market Cap: ₹16.4b

A non-deposit taking core investment company, engages in making investments in group companies in India.

Prima Andalan Mandiri

Market Cap: Rp18.0t

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

Bakrie & Brothers

Market Cap: Rp5.2t

Through its subsidiaries, engages in the trading, construction, agribusiness, coal mining, oil and gas, and telecommunication business in Indonesia and internationally.

Grendene

Market Cap: R$5.3b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.2b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Syn Prop & Tech

Market Cap: R$740.3m

We are SYN, and we have a deep understanding of the Brazilian commercial real estate market.

Beijing Foyou PharmaLTD

Market Cap: CN¥7.3b

Engages in the research and development, production, and sale of pharmaceutical preparations and medical equipment.

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.

Shenzhen TVT Digital Technology

Market Cap: CN¥4.6b

Shenzhen TVT Digital Technology Co., Ltd.

Shanghai Guangdian Electric Group

Market Cap: CN¥4.3b

Shanghai Guangdian Electric Group Co., Ltd.

IFE Elevators

Market Cap: CN¥2.8b

Designs, manufactures, installs, and maintains and range of lifts, escalators, and moving walkways in China and internationally.

Li Ming Development Construction

Market Cap: NT$5.7b

Li Ming Development Construction Co., Ltd.

ASRock Rack Incorporation

Market Cap: NT$21.8b

Develops and sells server motherboards and systems in Taiwan and internationally.

Pacific Construction

Market Cap: NT$4.0b

Engages in the construction business in Taiwan and Malaysia.

Mirbud

Market Cap: zł1.6b

Operates as a general contractor in the construction industry in Poland.

Hong Ho Precision TextileLtd

Market Cap: NT$4.8b

Manufactures and sells various textiles in Taiwan.

Jiangsu Longda Superalloy

Market Cap: CN¥4.0b

Engages in research, development, production, and sale of metal alloy products in China and internationally.

Kinpo Electronics

Market Cap: NT$35.0b

Engages in the design, manufacture, and sale of consumer electronics, web-based communications, computer peripherals, and storage products in Taiwan, rest of Asia, the Americas, and internationally.

Yantai Ishikawa Sealing Technology

Market Cap: CN¥3.7b

Yantai Ishikawa Sealing Technology Co., Ltd.

Creative & Innovative System

Market Cap: ₩615.9b

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

AzureWave Technologies

Market Cap: NT$9.0b

Engages in the manufacture and sale of wireless connectivity and image processing solutions worldwide.

FRMO

Market Cap: US$374.2m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Martifer SGPS

Market Cap: €185.8m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.

Wuxi Chemical Equipment

Market Cap: CN¥4.0b

Designs, develops, manufactures, and markets metal pressure vessels in China.

Linc

Market Cap: SEK 4.8b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

Qingmu Tec

Market Cap: CN¥4.9b

Provides brand retail solutions.

Imuraya Group

Market Cap: JP¥32.1b

Manufactures and sells various food products in Japan and internationally.

Suzhou Nanomicro Technology

Market Cap: CN¥8.6b

Manufactures and supplies spherical, mono-disperse particles for various industries and applications worldwide.

Shenzhen Longli TechnologyLtd

Market Cap: CN¥5.2b

Engages in the research and development, production, and sale of LED backlight display modules in China and internationally.

Xuelong GroupLtd

Market Cap: CN¥3.0b

Engages in the research, development, production, and sale of internal combustion engine cooling systems and automotive lightweight plastic products that are used in commercial vehicles, construction machinery, and agricultural machinery sectors.

AIC

Market Cap: NT$14.6b

Provides OEM/ODM, commercial off-the-shelf, and server and storage solutions in the United States, Asia, and Europe.

Powertip Image

Market Cap: NT$5.2b

Manufactures and sells electronic components and optical instruments in Mainland China, Taiwan, and internationally.

Ad-Sol Nissin

Market Cap: JP¥18.8b

Develops information and embedded systems for companies in Japan.

Zambia Sugar

Market Cap: K11.7b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

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.