Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Onix Solar Energy

Market Cap: ₹18.0b

Engages in the trading of non-ferrous metals in India.

Namibia Breweries

Market Cap: R6.3b

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

New Mauritius Hotels

Market Cap: MU₨7.2b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Vivo Energy Mauritius

Market Cap: MU₨13.1b

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

First Northern Community Bancorp

Market Cap: US$229.1m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

Procimmo Group

Market Cap: CHF 378.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Telekom Networks Malawi

Market Cap: MK 357.2b

Provides telecommunication services to enterprises and individual customers in Malawi.

Central Forest Group

Market Cap: JP¥22.9b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Oxford Bank

Market Cap: US$103.4m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

New Peoples Bankshares

Market Cap: US$101.8m

Operates as a financial holding company for New Peoples Bank, Inc.

Industrias del Cobre Sociedad Anónima

Market Cap: S/833.7m

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

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Grendene

Market Cap: R$4.1b

Engages in the development, production, distribution, and sale of plastic footwear for women, men, and children in Brazil and internationally.

Affinity Bancshares

Market Cap: US$119.5m

Operates as the holding company for Affinity Bank that provides various banking products and services in Georgia.

Southern Michigan Bancorp

Market Cap: US$118.8m

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.

Nexa Resources AtacochaA

Market Cap: S/1.4b

Operates as a mining company worldwide.

Chilanga Cement

Market Cap: K16.0b

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

Morris State Bancshares

Market Cap: US$255.3m

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

Bahrain National Holding Company B.S.C

Market Cap: ب.د59.0m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

YFY

Market Cap: NT$40.3b

An investment holding company, manufactures and sells paper and paper-related products in Taiwan.

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥5.1b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.

House of Investments

Market Cap: ₱7.3b

An investment holding company, engages in the automotive, property and property services, financial services, and education businesses in the Philippines and internationally.

Cantabil Retail India

Market Cap: ₹21.5b

Engages in designing, manufacturing, branding, and retailing of apparel and apparel accessories in India.

Macpower CNC Machines

Market Cap: ₹9.3b

Manufactures and sells computer numerical control (CNC) metal cutting machines in India.

Saha-Union

Market Cap: ฿8.6b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Shree Pushkar Chemicals & Fertilisers

Market Cap: ₹10.4b

Manufactures and trades in chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners in India.

Soliton Systems K.K

Market Cap: JP¥34.2b

A technology company, provides IT security-related and embedded systems in Japan and internationally.

Thai Steel Cable

Market Cap: ฿3.7b

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

Najran Cement

Market Cap: ر.س1.0b

Engages in the manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Nofoth Food Products

Market Cap: ر.س819.3m

Produces and sells bakery products in Saudi Arabia.

YagiLtd

Market Cap: JP¥37.4b

Together its subsidiaries, operates as a fiber trading company in Japan.

Maezawa Kasei Industries

Market Cap: JP¥33.7b

Produces and sells water and sewerage related products, and environmental equipment.

Sichuan Haite High-techLtd

Market Cap: CN¥8.4b

Provides aircraft airborne equipment maintenance services in China.

Tokyo Tekko

Market Cap: JP¥53.4b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.