Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Practic

Market Cap: RON 760.3m

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

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Namibia Breweries

Market Cap: R6.2b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Jadranski naftovod d.d

Market Cap: €806.1m

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

Era Media Sejahtera

Market Cap: Rp2.8t

Operates as an advertising media company in Indonesia.

Liburnia Riviera Hoteli d.d

Market Cap: €154.3m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ144.0m

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

Productive Business Solutions

Market Cap: US$150.6m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

GTS Internasional

Market Cap: Rp4.6t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Qassim Cement

Market Cap: ر.س4.5b

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

Nofoth Food Products

Market Cap: ر.س972.7m

Produces and sells bakery products in Saudi Arabia.

Nextronics Engineering

Market Cap: NT$4.3b

Provides connectors, thermal, backplane, and subracks for medical, aerospace, transportation, industry, and communication applications in Taiwan.

Camelot Electronics TechnologyLtd

Market Cap: CN¥4.3b

Engages in the research, production, and sale of printed circuit boards for intelligent electric vehicles in China and internationally.

Guangdong Green Precision Components

Market Cap: CN¥5.8b

Guangdong Green Precision Components Co., Ltd.

Baazeem Trading

Market Cap: ر.س613.6m

Operates as a FMCG distribution company.

Oriental Precision & EngineeringLtd

Market Cap: ₩364.4b

Oriental Precision & Engineering Co.,Ltd.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥4.5b

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

Southern Michigan Bancorp

Market Cap: US$110.5m

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.

Oakworth Capital

Market Cap: US$180.2m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

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/1.9b

Engages in investing in fixed or variable income securities in Peru.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

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

Toho

Market Cap: JP¥40.0b

Through its subsidiaries, engages in the food wholesale, cash and carry, and supermarket businesses primarily in Japan.

Hyakugo Bank

Market Cap: JP¥268.6b

Provides various financial services to individual and corporate/sole proprietor customers in Japan.

Thai Steel Cable

Market Cap: ฿3.9b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

LanZhou Foci PharmaceuticalLtd

Market Cap: CN¥4.3b

Research and development, production, and sales of traditional chinese medicines and health products in China.

MOBI Industry

Market Cap: ر.س560.0m

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

FALCO HOLDINGS

Market Cap: JP¥25.8b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Jinghua Pharmaceutical Group

Market Cap: CN¥6.0b

Engages in the research and development, manufacture, and sale of APIs and pharmaceutical intermediates in China.

Wuxi Chemical Equipment

Market Cap: CN¥5.7b

Engages in the design, development, manufacture, and marketing of metal pressure vessels in China.

Poly Plastic Masterbatch (SuZhou)Ltd

Market Cap: CN¥5.6b

Engages in the research and development, production, and sale of chemical fiber solution colorings and advanced functional modified materials in China and internationally.

Kyoritsu Electric

Market Cap: JP¥19.7b

Provides various systems, testing and measuring instruments, etc.

Banyan Tree Holdings

Market Cap: S$537.5m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.