Global Undiscovered Gems With Strong Fundamentals

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

MAPFRE Middlesea

Market Cap: €130.6m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Marítima de Inversiones

Market Cap: CL$266.8b

Maritima de Inversiones SA is a publicly owned investment manager.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Maistra d.d

Market Cap: €516.6m

Engages in the hotel business in Croatia.

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Libra Insurance

Market Cap: ₪640.2m

Engages in the general insurance business in Israel.

Mendelson Infrastructures & Industries

Market Cap: ₪585.6m

Mendelson Infrastructures & Industries Ltd.

Terminal X Online

Market Cap: ₪551.1m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Rimoni Industries

Market Cap: ₪428.7m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Rotshtein Realestate

Market Cap: ₪1.3b

Develops and constructs residential projects in Israel.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥1.6b

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

DorightLtd

Market Cap: CN¥2.7b

Engages in the design, research and development, manufacture, inspection, sale, and servicing of energy-saving environmental protection equipment in China.

Guangdong Delian Group

Market Cap: CN¥3.8b

Engages in the automobile fine chemicals, automobile sales service, and automobile repair and maintenance businesses, and development of new application scenarios in China.

Sinotherapeutics

Market Cap: CN¥4.5b

A specialty pharmaceutical company, develops generic and formulation products in China.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.9b

Researches, develops, produces, and sells black sesame health products in China.

Qingmu Tec

Market Cap: CN¥4.3b

Provides brand retail solutions.

Suzhou Sepax Technologies

Market Cap: CN¥6.7b

Researches, develops, produces, and sells liquid chromatography materials for the separation and purification of biomacromolecules and other drugs worldwide.

Jiangsu Lianfa TextileLtd

Market Cap: CN¥2.7b

Engages in the manufacture and sale of textile products in China.

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

Market Cap: د.إ1.0b

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

Shenzhen Tongye TechnologyLtd

Market Cap: CN¥3.2b

Engages in the research and development, production, sale, and maintenance services of rail transit electrical equipment products in China.

Hiconics Eco-energy Technology

Market Cap: CN¥6.4b

Engages in the industrial control, residential energy storage, and distributed PV EPC businesses in China and internationally.

Xiamen King Long Motor Group

Market Cap: CN¥10.2b

Engages in the research and development, design, manufacturing, and sale of bus products in China and internationally.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.4b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

Nantong Guosheng Intelligence Technology Group

Market Cap: CN¥3.2b

Nantong Guosheng Intelligence Technology Group Co., Ltd.

Chilanga Cement

Market Cap: K6.0b

Engages in the manufacture and sale of cement products in Zambia.

Formula Systems (1985)

Market Cap: ₪5.8b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Payton Industries

Market Cap: ₪496.6m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Aura Investments

Market Cap: ₪4.9b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Hangzhou Fortune Gas Cryogenic Group

Market Cap: CN¥5.3b

Hangzhou Fortune Gas Cryogenic Group 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.

Silvery Dragon Prestressed MaterialsLTD Tianjin

Market Cap: CN¥5.7b

Manufactures and sells prestressed steel products in China and internationally.

Forth Smart Service

Market Cap: ฿5.2b

Provides prepaid mobile top-up services in Thailand.

Guangdong Tloong Technology GroupLtd

Market Cap: CN¥6.1b

Researches, develops, and sells various printing ink products in China and internationally.

Keli Motor Group

Market Cap: CN¥9.8b

Engages in the research and development, manufacture, and sale of micro motors in China.