Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Zona Franca de Iquique

Market Cap: CL$232.8b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Capricorn Group

Market Cap: R11.7b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 403.3b

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

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.

ANSA Merchant Bank

Market Cap: TT$2.7b

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

Telekom Networks Malawi

Market Cap: MK 366.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Zambia Sugar

Market Cap: K20.7b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Central Forest Group

Market Cap: JP¥21.3b

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

Transcorp Power

Market Cap: ₦2.6t

Engages in the generation and sale of electric power in Nigeria and internationally.

Mercantil Financeira - Crédito Financiamento e Investimento

Market Cap: R$579.4m

Provides financial solutions in Brazil.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Engages distribution of electricity in Peru.

Tri-County Financial Group

Market Cap: US$114.3m

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.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Hermes Transportes Blindados

Market Cap: S/719.8m

Provides money and securities transfer, custody and processing, and document transfer services in Peru.

Nippon Sharyo

Market Cap: JP¥48.4b

Engages in the railway vehicles, construction machinery, transportation equipment and steel structures, engineering, and other businesses in Japan, the United States, Asia, and internationally.

OUG Holdings

Market Cap: JP¥21.3b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Shenyang Yuanda Intellectual Industry GroupLtd

Market Cap: CN¥5.1b

Researches, develops, manufactures, installs, and sells elevators in China and internationally.

TCM Biotech International

Market Cap: NT$10.7b

A biotech company, engages in the research and development of drugs for liver diseases.

TCPL Packaging

Market Cap: ₹29.5b

Manufactures and sells paperboard-based packaging materials and flexible packaging products in India.

Krishana Phoschem

Market Cap: ₹31.4b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

Aurora OptoelectronicsLtd

Market Cap: CN¥8.5b

Engages in the research and development, production, and sale of sapphire crystal materials in China.

MNtech

Market Cap: ₩354.9b

Manufactures and sells optical films for televisions in South Korea.

Cota

Market Cap: JP¥32.5b

Manufactures and sells of hair cosmetics and quasi drugs in Japan and internationally.

PINAGO UTAMA

Market Cap: Rp2.4t

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

ITE Tech

Market Cap: NT$20.7b

Engages in the design and development of PC and mobile phone controller chips in Taiwan, Asia, Europe, the United States, and Oceania.

Ogaki Kyoritsu Bank

Market Cap: JP¥152.0b

A regional financial institution, provides various financial products and services in Japan and internationally.

Daewon Cable

Market Cap: ₩304.7b

Manufactures and sells cables and wires in South Korea and internationally.

Lan Fa Textile

Market Cap: NT$3.8b

Engages in the manufacture and sale of polyester textured yarn in Taiwan.

Lippo Cikarang

Market Cap: Rp3.1t

Develops real estate and industrial estate projects in Indonesia.

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.