Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bahrain National Holding Company B.S.C

Market Cap: ب.د61.7m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Freetrailer Group

Market Cap: €724.4m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Procimmo Group

Market Cap: CHF 364.9m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Southern Michigan Bancorp

Market Cap: US$110.9m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Inverfal PerúA

Market Cap: S/1.9b

Engages in investing in fixed or variable income securities in Peru.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

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

Tri-County Financial Group

Market Cap: US$115.9m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Cahaya Aero Services

Market Cap: Rp6.0t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Woori Technology Investment

Market Cap: ₩610.5b

A venture capital firm specializing in venture fund, mezzanine fund project fund, venture capital and small & medium companies investments.

Lion Rock Group

Market Cap: HK$1.1b

An investment holding company, provides printing services to international book publishers, trade, professional, and educational publishing conglomerates, as well as print media companies.

Natural Food International Holding

Market Cap: HK$2.4b

An investment holding company, manufactures and sells natural health food products in China.

Shenzhen Coship Electronics

Market Cap: CN¥9.3b

Engages in the manufacture and sale of smart home products and services worldwide.

YFY

Market Cap: NT$44.0b

An investment holding company, manufactures and sells paper and paper-related products in Taiwan.

Advancetek EnterpriseLtd

Market Cap: NT$11.6b

Advancetek Enterprise Co.,Ltd. entrusts construction companies to build national residential buildings and commercial buildings for leasing and sale in Taiwan.

Bank Ganesha

Market Cap: Rp2.8t

Provides various general banking products and services for individuals and businesses in Indonesia.

Bank MNC Internasional

Market Cap: Rp2.4t

Provides various banking products and services in Indonesia.

Suzhou Xingye Materials TechnologyLtd

Market Cap: CN¥4.5b

Suzhou Xingye Materials Technology Co.,Ltd.

Mulpha International Bhd

Market Cap: RM 909.3m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Guangdong Brandmax MarketingLtd

Market Cap: CN¥4.5b

Provides technology-driven new scene experience marketing services in China and internationally.

Soliton Systems K.K

Market Cap: JP¥36.9b

A technology company, provides IT security-related and embedded systems in Japan and internationally.

GDEP ADVANCEInc

Market Cap: JP¥16.2b

Engages in the system incubation business in Japan.

Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou

Market Cap: CN¥5.8b

Engages in the production and sale of edible sugar, beverages, and other food products in China and internationally.

TI Cloud

Market Cap: HK$819.3m

Provides cloud-native customer contact solutions that enables enterprises to engage in multi-channel customer interactions in the People's Republic of China and Hong Kong.

Hangzhou Xili Intelligent TechnologyLtd

Market Cap: CN¥2.1b

Hangzhou Xili Intelligent Technology Co.,Ltd.

Kyoritsu Electric

Market Cap: JP¥19.2b

Provides various systems, testing and measuring instruments, etc.

Akatsuki

Market Cap: JP¥16.4b

Engages in the real estate and securities businesses in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥150.1b

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

104

Market Cap: NT$7.5b

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

Zkteco

Market Cap: CN¥6.8b

Provides biometric solutions and AI cognitive spatial intelligence technologies.

Banyan Tree Holdings

Market Cap: S$537.5m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

Suzhou Sepax Technologies

Market Cap: CN¥8.2b

A high-tech company, engages on the research, development, production, and sale of liquid chromatography materials and technologies worldwide.

YuanShengTai Dairy Farm

Market Cap: HK$1.1b

A dairy farming company, engages in the production and sale of raw cow milk in the People’s Republic of China.