Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cyprus Cement

Market Cap: €171.5m

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

SALUS Ljubljana d. d

Market Cap: €397.8m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Darwin

Market Cap: €91.8m

Operates in the healthcare industry.

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.

Natural Food International Holding

Market Cap: HK$2.4b

An investment holding company, manufactures and sells natural health food products in China.

Digital Mediatama Maxima

Market Cap: Rp2.7t

Operates an integrated marketing platform.

Mamata Machinery

Market Cap: ₹10.2b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Nusantara Pelabuhan Handal

Market Cap: Rp4.2t

Manages and operates container terminals in Indonesia and internationally.

Cahaya Aero Services

Market Cap: Rp5.1t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Woori Technology Investment

Market Cap: ₩580.9b

A venture capital firm specializing in venture fund, mezzanine fund project fund, venture capital and small & medium companies investments.

Hospital Corporation of China

Market Cap: HK$819.0m

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

Sinopower Semiconductor

Market Cap: NT$4.2b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

Transnational Corporation of Nigeria

Market Cap: ₦416.6b

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

Wema Bank

Market Cap: ₦766.3b

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

Apacer Technology

Market Cap: NT$12.5b

Researches, designs, develops, manufactures, processes, maintains, and sells memory modules and storage memory devices in Hong Kong, Taiwan, Mainland China, the Americas, Japan, and internationally.

Synergy Innovation

Market Cap: ₩211.5b

Engages in the research and development, and investment of generic and new drugs, medical devices, and health functional foods in South Korea.

Shenzhen Leaguer

Market Cap: CN¥11.6b

Engages in the design, manufacturing, and service provision of plastic packaging solutions for cosmetics, daily necessities, health products, and food in China and internationally.

Shenzhen LiantronicsLtd

Market Cap: CN¥3.6b

Provides display solutions in China.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

Tibet Rhodiola Pharmaceutical Holding

Market Cap: CN¥13.7b

Tibet Rhodiola Pharmaceutical Holding Co.

Blume Metal Kimya Anonim Sirketi

Market Cap: ₺8.6b

Operates in the tourism, construction, and energy sectors in Turkey.

ShenZhen QiangRui Precision Technology

Market Cap: CN¥8.7b

ShenZhen QiangRui Precision Technology Co., Ltd.

Anji Foodstuff

Market Cap: CN¥4.8b

Engages in the research and development, production, and sale of condiments in China and internationally.

Guangzhou Ruili Kormee Automotive Electronic

Market Cap: CN¥10.0b

Guangzhou Ruili Kormee Automotive Electronic Co., Ltd.

Suzhou Chunqiu Electronic Technology

Market Cap: CN¥7.0b

Suzhou Chunqiu Electronic Technology Co., Ltd.

Qingdao CHOHO IndustrialLtd

Market Cap: CN¥5.4b

Engages in the research, development, manufacture, and sale of chain transmission systems in China and internationally.

Ogaki Kyoritsu Bank

Market Cap: JP¥192.8b

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

Capricorn Group

Market Cap: R13.2b

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

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.7b

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

Wuhan Huakang Century Clean Technology

Market Cap: CN¥3.7b

Wuhan Huakang Century Clean Technology Co., Ltd.

Zhejiang Yayi Metal TechnologyLtd

Market Cap: CN¥2.2b

ZheJiang Yayi Metal Technology Co.,Ltd engages in the research and development, production, processing, and sale of outdoor braziers and gas stoves in the United States, Canada, and internationally.

China Science and Education Industry Group

Market Cap: HK$792.0m

An investment holding company, provides private higher education and vocational education services in the People’s Republic of China.

Monolithisch India

Market Cap: ₹10.6b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Acsion

Market Cap: R3.6b

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

Daphne International Holdings

Market Cap: HK$840.9m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.