Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

YuanShengTai Dairy Farm

Market Cap: HK$1.5b

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

Fauji Foods

Market Cap: PK₨47.6b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

Maharashtra Seamless

Market Cap: ₹86.3b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Southeast Asia Commercial Bank

Market Cap: ₫47.9t

Provides retail and corporate banking products and services in Vietnam.

SML Mahindra

Market Cap: ₹62.5b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €526.5m

Operates as a cooperative bank in France.

Ilex Medical

Market Cap: ₪613.6m

Engages in the import, marketing, distribution and sale of medical laboratory equipment and various diagnostic products, diagnostic systems, and kits and consumables in Israel, the United States, and internationally.

Fidelity Life Assurance of Zimbabwe

Market Cap: US$73.4m

Provides life and funeral assurance, asset management, actuarial consultancy and micro-financing services in Zimbabwe and Malawi.

Moury Construct

Market Cap: €299.7m

Moury Construct SA, together with its subsidiaries, constructs and renovates residential and non-residential buildings in Belgium.

Transnational

Market Cap: ₦489.8b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Zito d.o.o

Market Cap: €504.7m

Engages in the food and agricultural businesses in Croatia, Hungary, Italy, Serbia, Slovakia, Kosovo, and internationally.

NameSilo Technologies

Market Cap: US$122.0m

Through its subsidiaries, provides domain name registration services in the United States, East and South Asia, South East Asia, Australasia, and internationally.

Bank of Africa Mali

Market Cap: XOF 129.0b

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

Alantra Partners

Market Cap: €405.3m

Engages in the investment banking and asset management services in Spain and internationally.

ASA Gold and Precious Metals

Market Cap: US$1.3b

A publicly owned investment manager.

AIICO Insurance

Market Cap: ₦153.7b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦1.1t

Provides banking and other financial services to corporate and individual customers in Nigeria.

Zhongyeda Electric

Market Cap: CN¥5.5b

Engages in the distribution of industrial electrical products in China.

Yeni Gimat Gayrimenkul Yatirim Ortakligi

Market Cap: ₺51.6b

Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S.

Ningbo United GroupLtd

Market Cap: CN¥2.4b

Engages in the commercial trade business in China.

Jamuna Bank

Market Cap: ৳22.0b

Provides various banking products and services in Bangladesh.

Central Forest Group

Market Cap: JP¥22.5b

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

Decora

Market Cap: zł799.5m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.7b

A publicly owned investment manager.

Lion Capital

Market Cap: RON 2.4b

SIF Banat-Crisana is a self-managed closed-end investment company and since March 2018, it is authorized by ASF as alternative investment fund manager.

High Templar Tech

Market Cap: US$397.5m

Operates as a consumer-oriented financial technology service company in the People’s Republic of China.

Envirotainer

Market Cap: €377.4m

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

Pasifik Holding

Market Cap: ₺33.0b

Through its subsidiaries, engages in providing diversified range of services in various sectors.

Tureks Turizm Tasimacilik Anonim Sirketi

Market Cap: ₺9.8b

Engages in group transportation, and fleet and individual vehicle rental activities in Turkey.

Hamat Group

Market Cap: ₪540.5m

Engages in the production, development, import, marketing, distribution, and sale of home design and construction finishing products for bathrooms, toilets, and kitchens in Israel and internationally.

Padma Oil

Market Cap: ৳17.3b

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

Amir Marketing and Investments in Agriculture

Market Cap: ₪476.2m

Through its subsidiaries, supplies and markets agricultural inputs in Israel.

Chobe Holdings

Market Cap: P1.7b

Through its subsidiaries, engages in owning and operating ecotourism lodges and camps on leased lands in northern Botswana and the Caprivi Strip in Namibia.

Bijou Brigitte modische Accessoires

Market Cap: €373.2m

Manufactures, imports, and sells fashion jewelry, gold and silver jewelry, fashion accessories, and complementary articles.

Soma Gold

Market Cap: CA$227.9m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.