Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Energy World

Market Cap: AU$213.1m

An independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region.

Baazeem Trading

Market Cap: ر.س662.2m

Operates as a FMCG distribution company.

Nofoth Food Products

Market Cap: ر.س894.6m

Produces and sells bakery products in Saudi Arabia.

Qassim Cement

Market Cap: ر.س4.6b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Cairo Amman Bank

Market Cap: د.أ312.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.0b

Provides wholesale banking services worldwide.

FineMark Holdings

Market Cap: US$463.4m

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

Hospital Corporation of China

Market Cap: HK$817.6m

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

Nusantara Pelabuhan Handal

Market Cap: Rp3.6t

Manages and operates container terminals in Indonesia and internationally.

Bonraybio

Market Cap: NT$3.7b

A development stage company, manufactures medical instruments and solutions for the male infertility market.

Padma Oil

Market Cap: ৳16.4b

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

Jordanian Duty Free Shops

Market Cap: د.أ146.0m

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

Hearts and Minds Investments

Market Cap: AU$723.6m

n/a

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Q P Group Holdings

Market Cap: HK$856.5m

An investment holding company, manufactures and trades in paper products in the People’s Republic of China, the United States, Europe, and internationally.

Vivo Energy Mauritius

Market Cap: MU₨13.0b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Taiyo KagakuLtd

Market Cap: JP¥39.8b

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

Argosy Minerals

Market Cap: AU$184.3m

Engages in the exploration and development of lithium properties in Argentina and the United States.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Citra Tubindo

Market Cap: Rp4.7t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Lippo Cikarang

Market Cap: Rp3.0t

Develops real estate and industrial estate projects in Indonesia.

Practic

Market Cap: RON 760.3m

Engages in the lease and sublease of real estate properties in Romania.

Jamuna Bank

Market Cap: ৳19.7b

Provides various banking products and services in Bangladesh.

Smart Organic AD

Market Cap: лв369.7m

Produces and distributes organic food products in Bulgaria, the European Union, Asia, and the Americas.

Alumil Aluminium Industry

Market Cap: €160.4m

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

Alantra Partners

Market Cap: €307.6m

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

VNV Global

Market Cap: SEK 2.8b

VNV Global AB (publ) formerly known as Vostok New Ventures Ltd., is a private equity and venture capital firm specializing in growth capital, buyout investments, incubation, seed/startup, early venture, mid venture, late venture.

Nigerian Aviation Handling

Market Cap: ₦213.4b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

AB Akola Group

Market Cap: €304.8m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 75.6b

Processes heavy bitumen crude in Africa.

Sparta

Market Cap: €125.6m

A publicly owned investment manager.

Dekpol

Market Cap: zł720.9m

Dekpol S.A. primary engages in the general contracting and steel structures and equipment businesses in Poland.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 474.1b

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

RÁBA Jármuipari Holding Nyrt

Market Cap: Ft42.7b

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

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.