Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cigniti Technologies

Market Cap: ₹32.5b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

First National Bank of Botswana

Market Cap: P14.5b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺30.5b

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Corporación Financiera Colombiana

Market Cap: Col$5.7t

Operates as a private financial institution in Columbia and Central America.

Jordanian Duty Free Shops

Market Cap: د.أ141.8m

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

Nigerian Aviation Handling

Market Cap: ₦502.9b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Joyce

Market Cap: AU$174.5m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

Taiyo KagakuLtd

Market Cap: JP¥44.1b

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

AJIS

Market Cap: JP¥37.2b

Provides retail support services in Japan and internationally.

MAPFRE Middlesea

Market Cap: €144.4m

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

Baazeem Trading

Market Cap: ر.س564.0m

Operates as a FMCG distribution company.

Saudi Chemical Holding

Market Cap: ر.س7.1b

Engages in the manufacture, distribution, and retail of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment, supplies of hospitals and medical centers and its related spare parts, and food products.

MOBI Industry

Market Cap: ر.س550.0m

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

Shenke Slide Bearing

Market Cap: CN¥3.0b

Researches, develops, produces, and sells thick-walled sliding bearings, and parts and kits in the People’s Republic of China and internationally.

Kanda HoldingsLtd

Market Cap: JP¥18.7b

Through its subsidiaries, operates as a logistics company in Japan and internationally.

TSTE

Market Cap: ฿3.9b

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

Nippon Care Supply

Market Cap: JP¥34.5b

Engages in the rental and wholesale of welfare equipment businesses in Japan.

Terminal X Online

Market Cap: ₪1.1b

Engages in the marketing and sale of fashion and lifestyle products in Israel.

NanJing Research Institute of Surveying Mapping & Geotechnical InvestigationCo.Ltd

Market Cap: CN¥2.9b

NanJing Research Institute of Surveying, Mapping & Geotechnical Investigation,Co.Ltd.

System ResearchLtd

Market Cap: JP¥27.1b

Provides software development services in Japan.

FALCO HOLDINGS

Market Cap: JP¥25.1b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Needs Well

Market Cap: JP¥17.2b

Engages in the IT service business in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥185.0b

Engages in the marine transportation services and related business in Japan and internationally.

Hamat Group

Market Cap: ₪571.6m

Engages in the production, development, import, marketing, distribution, and sale of home design and construction finishing products for bathrooms, toilets, and kitchens in Israel and internationally.

Envirotainer

Market Cap: €395.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Tureks Turizm Tasimacilik Anonim Sirketi

Market Cap: ₺9.4b

Engages in group transportation, and fleet and individual vehicle rental activities in Turkey.

Grendene

Market Cap: R$4.0b

Engages in the development, production, distribution, sale, and market of plastic footwear in Brazil, North America, Asia, Oceania, Europe, Central and South America, the Middle East, and Africa.

Wasko

Market Cap: zł769.6m

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

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺18.1b

Operates as a guardrail supplier company in Turkey.

Odlewnie Polskie

Market Cap: zł378.1m

Produces and sells castings in Germany, the Czech Republic, the Netherlands, the United States, Sweden, Hungary, Great Britain, Austria, Slovakia, Denmark, Turkey, Spain, Italy, Switzerland, France, and Serbia.

Kuo Yang Construction

Market Cap: NT$6.7b

Engages in the construction of public housing projects in Taiwan.

Maxigen Biotech

Market Cap: NT$3.5b

Researches, develops, produces, and sells implantable medical devices in Taiwan, America, Europe, rest of Asia, and internationally.

Bonraybio

Market Cap: NT$4.1b

A development stage company, manufactures medical instruments and solutions for the male infertility market.