Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Fortune Mate Indonesia

Market Cap: Rp2.3t

Provides real estate development and construction services in Indonesia.

Jadranski naftovod d.d

Market Cap: €866.6m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Southern Michigan Bancorp

Market Cap: US$115.3m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Morris State Bancshares

Market Cap: US$236.6m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Nestlé Pakistan

Market Cap: PK₨360.9b

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Sure Global Tech

Market Cap: ر.س470.1m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Viviana Power Tech

Market Cap: ₹10.5b

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

Baazeem Trading

Market Cap: ر.س695.6m

Operates as a FMCG distribution company.

Qassim Cement

Market Cap: ر.س4.6b

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

MOBI Industry

Market Cap: ر.س636.0m

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

Etihad Atheeb Telecommunication

Market Cap: ر.س3.6b

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

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.س1.5b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Padma Oil

Market Cap: ৳19.1b

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

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺34.0b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺18.1b

Provides software development services to public and private organizations in Turkey.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺7.9b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺7.2b

Marmaris Altinyunus Turistik Tesisler A.S.

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.4b

Mackolik Internet Hizmetleri Ticaret A.S.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.4b

Operates as an asset management company.

Ibrahim Fibres

Market Cap: PK₨89.9b

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

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.9b

Manufactures and sells heavy machinery and equipment.

Hospital Corporation of China

Market Cap: HK$937.7m

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

Acsion

Market Cap: R2.8b

Engages in property holding and development activities in South Africa and internationally.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł932.7m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

Transnational Corporation of Nigeria

Market Cap: ₦488.3b

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

Telekom Networks Malawi

Market Cap: MK 366.5b

Provides telecommunication services to enterprises and individual customers in Malawi.

GlaxoSmithKlineE

Market Cap: ج.م6.0b

Engages in production of pharmaceutical chemicals.

A3 Mercados

Market Cap: AR$760.0b

Operates as a market for negotiable securities in Argentina and internationally.

First Bancorp

Market Cap: US$283.3m

Operates as the bank holding company for First National Bank that provides a range of banking products and services to individual and corporate customers.

Wema Bank

Market Cap: ₦711.5b

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

Chilanga Cement

Market Cap: K7.9b

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