Global Undiscovered Gems With Strong Fundamentals

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

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

Famous Brands

Market Cap: R6.4b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, Middle East, and Rest of Africa.

Purple Group

Market Cap: R2.0b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Sparta

Market Cap: €86.8m

A publicly owned investment manager.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

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

Zambia Sugar

Market Cap: K13.2b

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

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

Practic

Market Cap: RON 570.2m

Engages in the lease and sublease of real estate properties in Romania.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

ISE Chemicals

Market Cap: JP¥129.0b

Engages in the iodine and natural gas, and metallic compound businesses in Japan.

MAPFRE Middlesea

Market Cap: €128.8m

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

Capricorn Group

Market Cap: R10.9b

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

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Jadranski naftovod d.d

Market Cap: €826.3m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Hefei Gocom Information TechnologyLtd

Market Cap: CN¥1.5b

Hefei Gocom Information Technology Co.,Ltd.

Standard Foods

Market Cap: NT$30.2b

Manufactures and sells nutritious foods, edible oil, dairy products, and beverages in Taiwan and internationally.

Unitech Computer

Market Cap: NT$6.6b

Engages in the information technology product channel business in Asia, America, Europe, and Oceania.

Bajel Projects

Market Cap: ₹25.3b

Engages in the engineering, procurement, and construction business in the power transmission and distribution sectors in India and internationally.

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س809.2m

Engages in the wholesale and retail trade of medical supplies for the aesthetic market in the Kingdom of Saudi Arabia.

PBA Holdings Bhd

Market Cap: RM 622.3m

An investment holding company, operates as a water supplier in Malaysia.

HannStar Board

Market Cap: NT$30.0b

Manufactures, assembles, and sells printed circuit boards (PCBs) in Taiwan.

Pro-Hawk

Market Cap: NT$5.6b

Designs, develops, manufactures, and markets bearings, rollers, injection parts, and OEM parts worldwide.

Firich Enterprises

Market Cap: NT$7.6b

Engages in the assembly, manufacture, import, and export of business-oriented computers and its peripheral equipment in Taiwan, China, rest of the Asia, Europe, and the United States.

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك42.4m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

Wuxi Xinan Technology

Market Cap: CN¥2.6b

Engages in the research, development, production, and sale of aluminum alloy auto parts for commercial vehicles and passenger cars.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

AGI Infra

Market Cap: ₹20.9b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

Lotus Chocolate

Market Cap: ₹18.1b

Manufactures and sells chocolates, cocoa products, and cocoa derivatives to chocolate makers and users in India.

Xinya Electronic

Market Cap: CN¥5.0b

Manufactures and sells wires and cables in China and internationally.

Silvery Dragon Prestressed MaterialsLTD Tianjin

Market Cap: CN¥6.1b

Manufactures and sells prestressed steel products in China and internationally.

Advanced International Multitech

Market Cap: NT$9.7b

Advanced International Multitech Co., Ltd.

Subaru Enterprise

Market Cap: JP¥37.0b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.