Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Standard Chartered Bank Kenya

Market Cap: KSh114.6b

Provides various banking products and services for individuals and businesses.

Yibin City Commercial Bank

Market Cap: HK$12.0b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

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

Market Cap: Mex$30.3b

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

Hangzhou Hirisun Technology

Market Cap: CN¥5.0b

Engages in power information system integration business in China.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Ibrahim Fibres

Market Cap: PK₨83.1b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan, Singapore, and Switzerland.

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.

Padma Oil

Market Cap: ৳18.5b

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

Billion Industrial Holdings

Market Cap: HK$9.7b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Viviana Power Tech

Market Cap: ₹9.2b

Engages in power transmission, distribution, and industrial engineering, procurement, and construction (EPC) space project businesses in India.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Taiyo KagakuLtd

Market Cap: JP¥38.5b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Hospital Corporation of China

Market Cap: HK$802.6m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ724.5m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Nofoth Food Products

Market Cap: ر.س1.0b

Produces and sells bakery products in Saudi Arabia.

Jamuna Bank

Market Cap: ৳19.5b

Provides various banking products and services in Bangladesh.

National General Insurance (P.J.S.C.)

Market Cap: د.إ986.4m

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

Nestlé Pakistan

Market Cap: PK₨363.0b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

MOBI Industry

Market Cap: ر.س590.0m

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

Etihad Atheeb Telecommunication

Market Cap: ر.س3.3b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł937.2m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

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.

GlaxoSmithKlineE

Market Cap: ج.م5.8b

Engages in production of pharmaceutical chemicals.

Master Drilling Group

Market Cap: R2.4b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Evergent Investments

Market Cap: RON 2.4b

A publicly owned investment manager.

Dn Agrar Group

Market Cap: RON 440.7m

Engages in the production of cow milk.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.7b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

C. Mer Industries

Market Cap: ₪375.5m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Alumil Aluminium Industry

Market Cap: €164.0m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Telematic Interactive Bulgaria EAD

Market Cap: лв263.8m

Offers online betting and gambling services.

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.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.3b

Manufactures and sells heavy machinery and equipment.