Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Engages distribution of electricity in Peru.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Daoming Optics&ChemicalLtd

Market Cap: CN¥6.5b

Engages in the research and development, production, and sale of various functional films and polymer synthetic materials in China and internationally.

Hui Lyu Ecological Technology GroupsLtd

Market Cap: CN¥13.9b

Hui Lyu Ecological Technology Groups Co.,Ltd.

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥4.7b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.

Taiyuan Heavy Industry

Market Cap: CN¥8.8b

Manufactures and sells heavy-duty machinery in China.

Jinsanjiang (Zhaoqing) Silicon Material

Market Cap: CN¥2.8b

Engages in the research and development, production, and sale of precipitated silica.

Wan Hwa Enterprise

Market Cap: NT$4.9b

Engages in the rental of commercial buildings in Taiwan.

Korea Ratings

Market Cap: ₩435.8b

Provides credit rating and business valuation services in South Korea.

FALCO HOLDINGS

Market Cap: JP¥24.8b

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

TianJin JinRong TianYu Precision Machinery

Market Cap: CN¥3.2b

TianJin JinRong TianYu Precision Machinery Inc.

CMC

Market Cap: JP¥20.8b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

Wowow

Market Cap: JP¥44.5b

Provides broadcasting and related services in Japan.

Najran Cement

Market Cap: ر.س1.2b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

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

Xinya Electronic

Market Cap: CN¥7.6b

Manufactures and sells wires and cables in China and internationally.

KNJ

Market Cap: ₩212.6b

Manufactures and sells equipment and parts for display panels and semiconductors in Korea 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.

Insolation Energy

Market Cap: ₹40.0b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

Shenzhen China Micro Semicon

Market Cap: CN¥13.5b

An integrated circuit design company, focuses on the research and development of digital-analog mixed-signal chips and analog chips in China.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Jadranski naftovod d.d

Market Cap: €866.6m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Capricorn Group

Market Cap: R11.7b

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

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$30.3b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Morris State Bancshares

Market Cap: US$250.3m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Tri-County Financial Group

Market Cap: US$113.4m

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.

Wuxi Xinan Technology

Market Cap: CN¥2.9b

Engages in the research, development, production, and sale of aluminum alloy auto parts for commercial vehicles and passenger cars in China.

Maezawa Kasei Industries

Market Cap: JP¥30.6b

Produces and sells water and sewerage related products, and environmental equipment.

Machvision

Market Cap: NT$32.7b

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

Rrp Semiconductor

Market Cap: ₹154.3b

Trades in electronic parts in India.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹76.3b

Produces and sells fertilizers and chemicals in India.

Hangzhou Xili Intelligent TechnologyLtd

Market Cap: CN¥2.3b

Hangzhou Xili Intelligent Technology Co.,Ltd.

Viet Nam Power Development

Market Cap: ₫2.8t

Engages in the operation and management of hydropower plants.