Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bank of Africa Mali

Market Cap: XOF 116.5b

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

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

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

Envirotainer

Market Cap: €395.1m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

FRoSTA

Market Cap: €632.2m

Develops, produces, and markets frozen food products in Germany, Poland, Austria, Italy, and Eastern Europe.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

Invests in, operates, and manages duty-free shops.

ANSA Merchant Bank

Market Cap: TT$2.6b

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

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.

ASA Gold and Precious Metals

Market Cap: US$1.1b

A publicly owned investment manager.

Epsilon Energy

Market Cap: US$122.0m

A North American onshore independent natural gas and oil company, engages in the acquisition, exploration, development, gathering, and production of natural oil and gas reserves.

A3 Mercados

Market Cap: AR$847.1b

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

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

FineMark Holdings

Market Cap: US$475.2m

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

Deutsche Balaton

Market Cap: €248.5m

A private equity focusing on private equity investments in listed and unlisted companies, real estate investments and investments in other assets.

Grendene

Market Cap: R$4.7b

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

Machvision

Market Cap: NT$33.7b

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

Sopharma AD

Market Cap: лв1.5b

Produces, distributes, and exports pharmaceutical products in Europe, Bulgaria, and internationally.

Guangdong Goworld

Market Cap: CN¥7.5b

Provides electronic components and ultrasonic electronic instruments in China.

Anhui Huaren Health Pharmaceutical

Market Cap: CN¥5.9b

Anhui Huaren Health Pharmaceutical Co., Ltd.

HannStar Board

Market Cap: NT$46.9b

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

Timex Group India

Market Cap: ₹36.1b

Engages in designing, manufacturing, and trading of watches in India and internationally.

Iljin DiamondLtd

Market Cap: ₩181.3b

Iljin Diamond Co., Ltd. manufactures and sells tool materials in South Korea, the United States, Europe, Japan, China, and internationally.

TSTE

Market Cap: ฿4.0b

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

Woojin

Market Cap: ₩426.3b

Engages in the developing and manufacturing of industrial measuring instruments in South Korea.

Standard Bank

Market Cap: MK 998.5b

Provides banking and other related services in Malawi.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 74.1b

Processes heavy bitumen crude in Africa.

Dwi Guna Laksana

Market Cap: Rp2.8t

Engages in the coal mining and trading activities in Indonesia.

Monolithisch India

Market Cap: ₹11.3b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

House of Investments

Market Cap: ₱6.4b

An investment holding company, engages in the automotive, property and property services, financial services, and education businesses in the Philippines and internationally.

Jiangyin Haida Rubber And Plastic

Market Cap: CN¥5.7b

Jiangyin Haida Rubber And Plastic Co., Ltd.

Changzhou Nrb

Market Cap: CN¥7.0b

Engages in the research, development, manufacture, and sale of auto precision bearing products in China and internationally.

GakkyushaLtd

Market Cap: JP¥25.6b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft47.4b

Manufactures and sells vehicle components in Hungary, Germany, rest of Europe, the United States, Asia, and Australia.

Southeast Asia Commercial Bank

Market Cap: ₫49.2t

Provides retail and corporate banking products and services in Vietnam.

Central Forest Group

Market Cap: JP¥22.4b

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

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥4.5b

Engages in the material transmission, warehousing, logistics, and sorting systems in industrial production in China.