Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Yibin City Commercial Bank

Market Cap: HK$12.0b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Padma Oil

Market Cap: ৳19.1b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Capricorn Group

Market Cap: R11.6b

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

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Cita Mineral Investindo

Market Cap: Rp19.1t

Engages in bauxite mining activities in Indonesia.

National Credit and Commerce Bank

Market Cap: ৳12.8b

Provides various commercial banking products and services in Bangladesh.

Cisadane Sawit Raya

Market Cap: Rp2.0t

Engages in the oil palm plantation business in Indonesia and internationally.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of wheat flour in Thailand.

Surya Toto Indonesia

Market Cap: Rp2.8t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Dwi Guna Laksana

Market Cap: Rp7.1t

Engages in the coal mining and trading activities in Indonesia.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Billion Industrial Holdings

Market Cap: HK$9.7b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Top Union Electronics

Market Cap: NT$4.6b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Saha-Union

Market Cap: ฿8.4b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Soft-World International

Market Cap: NT$15.7b

Develops, operates, and distributes games in Taiwan and China.

Taiyo KagakuLtd

Market Cap: JP¥37.1b

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

Vinacomin - Power Holding

Market Cap: ₫8.3t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Thai Steel Cable

Market Cap: ฿3.6b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Sun

Market Cap: MU₨7.7b

Operates in the tourism sector.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ703.8m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Fortune Mate Indonesia

Market Cap: Rp2.2t

Provides real estate development and construction services in Indonesia.

Citra Tubindo

Market Cap: Rp4.0t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.7b

Manufactures and sells heavy machinery and equipment.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł888.0m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

First Northern Community Bancorp

Market Cap: US$204.1m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

FRMO

Market Cap: US$374.2m

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

GlaxoSmithKlineE

Market Cap: ج.م6.0b

Engages in production of pharmaceutical chemicals.

Export Development Bank of Egypt (S.A.E.)

Market Cap: ج.م20.1b

Provides various banking products and services in Egypt.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م18.0b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Affinity Bancshares

Market Cap: US$117.5m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Sound Financial Bancorp

Market Cap: US$115.9m

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

Metalpha Technology Holding

Market Cap: US$111.8m

Provides wealth management services in Hong Kong.

Nigerian Aviation Handling

Market Cap: ₦243.3b

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