Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Transcorp Power

Market Cap: ₦2.3t

Engages in the generation and sale of electric power in Nigeria and internationally.

ABG Sundal Collier Holding

Market Cap: NOK 4.2b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Soma Gold

Market Cap: CA$191.1m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.

Standard Bank

Market Cap: MK 998.4b

Provides banking and other related services in Malawi.

Cyprus Cement

Market Cap: €171.5m

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

Freetrailer Group

Market Cap: €743.4m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

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.