Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Citra Tubindo

Market Cap: Rp4.6t

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

Yulie Sekuritas Indonesia

Market Cap: Rp5.3t

Operates as a securities company in Indonesia.

Lippo Cikarang

Market Cap: Rp3.2t

Develops real estate and industrial estate projects in Indonesia.

Cisadane Sawit Raya

Market Cap: Rp1.9t

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

Dwi Guna Laksana

Market Cap: Rp2.9t

Engages in the coal mining and trading business in Indonesia.

First Northern Community Bancorp

Market Cap: US$221.8m

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.

Nusantara Pelabuhan Handal

Market Cap: Rp2.4t

Manages and operates container terminals in Indonesia and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: €872.7m

Develops, manufactures, and sells medicines in Bulgaria.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 103.7b

Processes heavy bitumen crude in Africa.

Bank of Africa Mali

Market Cap: XOF 130.7b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

ANSA Merchant Bank

Market Cap: TT$2.1b

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

Central Forest Group

Market Cap: JP¥22.7b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 645.3b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

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

Market Cap: ج.م23.9b

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

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

Market Cap: ج.م22.2b

Provides various banking products and services in Egypt.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.3b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Procimmo Group

Market Cap: CHF 407.7m

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

Union Bankshares

Market Cap: US$103.1m

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

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س742.0m

Engages in the wholesale and retail trade of medical supplies for the aesthetic market in the Kingdom of Saudi Arabia.

Ouro Fino Saúde Animal Participações

Market Cap: R$1.4b

Engages in the development, production, and sale of veterinary drugs, vaccines, and other products for production and companion animals primarily in Brazil.

Gulf Insurance Group - Jordan

Market Cap: د.أ81.4m

Engages in the insurance business in Jordan, the Middle East, North Africa, Europe, Asia, America, and the Near East.

Buana Artha Anugerah

Market Cap: Rp3.0t

Engages in the provision of asset management services in Indonesia.

Cahaya Aero Services

Market Cap: Rp4.0t

Provides cargo and ground handling services in Indonesia.

Industrias del Cobre Sociedad Anónima

Market Cap: S/857.5m

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

Cita Mineral Investindo

Market Cap: Rp16.4t

Engages in bauxite mining activities in Indonesia.

PINAGO UTAMA

Market Cap: Rp2.4t

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

Oakworth Capital

Market Cap: US$186.3m

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

MOBI Industry

Market Cap: ر.س610.0m

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

Inversiones Doalca SOCIMI

Market Cap: €156.6m

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

Baazeem Trading

Market Cap: ر.س540.7m

Operates as a FMCG distribution company.

Onix Solar Energy

Market Cap: ₹18.1b

Engages in the trading of non-ferrous metals in India.

Pure Cycle

Market Cap: US$249.3m

Provides water and wastewater services in the United States.

Seneca Foods

Market Cap: US$949.9m

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

Padma Oil

Market Cap: ৳17.6b

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

Saudi Chemical Holding

Market Cap: ر.س6.2b

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.