Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Gulf Insurance Group - Jordan

Market Cap: د.أ91.0m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Oakworth Capital

Market Cap: US$158.3m

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

va-Q-tec

Market Cap: €401.0m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Hui Lyu Ecological Technology GroupsLtd

Market Cap: CN¥10.2b

Hui Lyu Ecological Technology Groups Co.,Ltd.

NSIA Banque Société Anonyme

Market Cap: XOF 244.6b

Provides various banking products and services.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 301.2b

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

Eurofins-Cerep

Market Cap: €89.8m

Provides various drug discovery services to pharmaceutical, biopharmaceutical, and biotechnology companies France and internationally.

First Investment Bank AD

Market Cap: лв766.3m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Zona Franca de Iquique

Market Cap: CL$220.6b

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

Potasios de Chile

Market Cap: CL$536.2b

Engages in investment in shares and other financial instruments in Chile.

Zambia Sugar

Market Cap: K13.2b

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

NICO Holdings

Market Cap: MK 1.0t

Engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique.

Jadranski naftovod d.d

Market Cap: €811.2m

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

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Transnational Corporation of Nigeria

Market Cap: ₦503.0b

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

Practic

Market Cap: RON 736.5m

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

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.

Capricorn Group

Market Cap: R11.0b

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

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cyprus Cement

Market Cap: €155.0m

Engages in the manufacturing and sale of cement and related business in Cyprus.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

MAPFRE Middlesea

Market Cap: €110.4m

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

Morris State Bancshares

Market Cap: US$265.7m

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

Shenyang Yuanda Intellectual Industry GroupLtd

Market Cap: CN¥4.2b

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

Bank Ganesha

Market Cap: Rp1.9t

Provides various general banking products and services for individuals and businesses in Indonesia.

AzureWave Technologies

Market Cap: NT$9.2b

Engages in the manufacture and sale of wireless connectivity and image processing solutions worldwide.

Ogaki Kyoritsu Bank

Market Cap: JP¥120.9b

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

DYPNFLtd

Market Cap: ₩194.9b

Manufactures and sells powder transport equipment in South Korea, the United States, the Middle East, Southeast Asia, Europe, and internationally.

Ohashi Technica

Market Cap: JP¥27.8b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, Mexico, Thailand, Taiwan, China, and Europe.

Hollyland (China) Electronics Technology

Market Cap: CN¥2.7b

Engages in the research and development, production, and sale of circuit protection products in China and internationally.