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.

Maistra d.d

Market Cap: €505.6m

Engages in the hotel business in Croatia.

Jordanian Duty Free Shops

Market Cap: د.أ138.4m

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

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

First IC

Market Cap: US$156.4m

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

SALUS Ljubljana d. d

Market Cap: €242.4m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Central Cooperative Bank AD

Market Cap: лв199.6m

A commercial bank, provides various financial products and services.

Central Forest Group

Market Cap: JP¥22.1b

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

Capricorn Group

Market Cap: R10.8b

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

MAPFRE Middlesea

Market Cap: €137.1m

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

Biggeorge Property Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft50.1b

Operates as a property development company.

Jadranski naftovod d.d

Market Cap: €775.9m

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

Zambia Sugar

Market Cap: K12.2b

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

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

HeXun Biosciences

Market Cap: NT$3.4b

Engages in the research and development of stem cell and treatments in Taiwan.

Force Motors

Market Cap: ₹119.9b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

PBA Holdings Bhd

Market Cap: RM 652.1m

An investment holding company, operates as a water supplier in the state of Penang, Malaysia.

Shipping Corporation of India

Market Cap: ₹82.2b

A marginal liner shipping company, engages in business of transporting goods in India.

Amanat Holdings PJSC

Market Cap: د.إ2.7b

Engages in the investment in companies and enterprises in the fields of education and healthcare in the United Arab Emirates and internationally.

ManpowerGroup Greater China

Market Cap: HK$898.5m

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

Hong Leong Finance

Market Cap: S$1.1b

Operates as a financial service company for consumer, and small and medium-sized enterprises (SMEs) markets in Singapore.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك171.9m

Engages in insurance and reinsurance operations in Kuwait.

Sure Global Tech

Market Cap: ر.س628.8m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Raymond

Market Cap: ₹104.9b

Engages in the real estate and engineering businesses in India.

Pro-Hawk

Market Cap: NT$5.3b

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

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

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

Market Cap: د.ك37.2m

Engages in real estate development and investment activities in Kuwait and Other GCC countries.

Wison Engineering Services

Market Cap: HK$1.0b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

MOBI Industry

Market Cap: ر.س684.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Sugar Terminals

Market Cap: AU$360.0m

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

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س816.2m

Distributes medical devices, equipment, and supplies for the aesthetic market in the Kingdom of Saudi Arabia.

Invest Bank

Market Cap: د.أ198.8m

Provides various banking and related financial services in Jordan.

Saudi Chemical Holding

Market Cap: ر.س7.0b

Saudi Chemical Holding Company manufacture, wholesale, and retail trade of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment in the Kingdom of Saudi Arabia and internationally.

Pizu Group Holdings

Market Cap: HK$1.8b

An investment holding company, engages in the manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.