Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Itafos

Market Cap: CA$676.3m

Operates as a phosphate and specialty fertilizer company.

First Bancorp

Market Cap: US$289.0m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Standard Bank

Market Cap: MK 1.1t

Provides banking and other related services in Malawi.

ANSA Merchant Bank

Market Cap: TT$2.7b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Seneca Foods

Market Cap: US$832.1m

Provides packaged fruits and vegetables in the United States and internationally.

Telekom Networks Malawi

Market Cap: MK 365.1b

Provides telecommunication services to enterprises and individual customers in Malawi.

Inversiones Doalca SOCIMI

Market Cap: €157.9m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Affinity Bancshares

Market Cap: US$119.4m

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

Pure Cycle

Market Cap: US$267.5m

Provides water and wastewater services in the United States.

Central Cooperative Bank AD

Market Cap: лв211.0m

A commercial bank, provides various financial products and services.

Liburnia Riviera Hoteli d.d

Market Cap: €174.0m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Central Forest Group

Market Cap: JP¥21.6b

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

FineMark Holdings

Market Cap: US$452.3m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

Oakworth Capital

Market Cap: US$174.7m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

A3 Mercados

Market Cap: AR$881.4b

Operates as a market for negotiable securities in Argentina and internationally.

Guangdong Green Precision Components

Market Cap: CN¥5.7b

Guangdong Green Precision Components Co., Ltd.

Sinopower Semiconductor

Market Cap: NT$4.3b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

Rectron

Market Cap: NT$3.2b

Manufactures and sells discrete semiconductors in Taiwan, rest of Asia, the United States, Europe, and internationally.

Nextronics Engineering

Market Cap: NT$4.1b

Provides connectors, thermal, backplane, and subracks for medical, aerospace, transportation, industry, and communication applications in Taiwan.

HannStar Board

Market Cap: NT$44.9b

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

Toho Bank

Market Cap: JP¥118.7b

Provides various banking products and services in Japan.

Telematic Interactive Bulgaria EAD

Market Cap: лв263.8m

Offers online betting and gambling services.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Machvision

Market Cap: NT$28.9b

Develops and sells machine vision systems for semiconductor and printed circuit board (PCB) industry in Taiwan.

Techno Smart

Market Cap: JP¥21.7b

Provides liquid crystal-related film and cast film manufacturing devices.

Ascentech K.K

Market Cap: JP¥19.8b

Provides virtual desktop infrastructure (VDI) and IT infrastructure solutions in Japan.

104

Market Cap: NT$7.6b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

Saha-Union

Market Cap: ฿8.1b

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

Grendene

Market Cap: R$4.3b

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

TianJin JinRong TianYu Precision Machinery

Market Cap: CN¥3.6b

TianJin JinRong TianYu Precision Machinery Inc.

Sing Investments & Finance

Market Cap: S$387.8m

Provides f financial products and services to individuals and corporations in Singapore.

CAC Holdings

Market Cap: JP¥35.4b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

Nice

Market Cap: JP¥21.5b

Distributes building materials and housing equipment in Japan.

Komori

Market Cap: JP¥78.6b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.