Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

3B Blackbio Dx

Market Cap: ₹10.2b

Engages in the design, development, manufacturing, and commercialization of molecular diagnostic solutions for infectious diseases, oncology, human genetics and antimicrobial resistance in India.

Transnational

Market Cap: ₦472.0b

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

Piccadily Agro Industries

Market Cap: ₹55.1b

Manufactures and develops alcoholic beverages in India.

Joyce

Market Cap: AU$169.4m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

Padma Oil

Market Cap: ৳17.3b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Hindustan Construction

Market Cap: ₹45.3b

Provides engineering and construction services in India and internationally.

PC Jeweller

Market Cap: ₹78.4b

Manufactures, sells, and trades in gold, diamond, silver articles, precious stone, and gold and diamond studded jewelry in India.

Goldiam International

Market Cap: ₹38.2b

Manufactures and sells gold/silver/platinum and diamond studded jewelry products in India.

Central Forest Group

Market Cap: JP¥22.5b

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

Indo Tech Transformers

Market Cap: ₹15.2b

Manufactures and sells transformers in India and internationally.

AB Akola Group

Market Cap: €286.6m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

AIICO Insurance

Market Cap: ₦152.6b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦1.0t

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

Santa Phoenix Technology

Market Cap: NT$5.3b

Designs and manufactures semiconductors in Taiwan.

Anpec Electronics

Market Cap: NT$16.4b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.3b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

AMCIL

Market Cap: AU$300.4m

Amcil Limited is a publicly owned investment manager.

Taiyo KagakuLtd

Market Cap: JP¥46.5b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Grade Upon Technology

Market Cap: NT$35.2b

Provides customized integrated solutions, IoT sensors, AI-powered machine vision, machine hearing, and machine olfaction to enable equipment networking, data acquisition, and AI-based anomaly detection systems.

Maharashtra Seamless

Market Cap: ₹84.3b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Speed Tech

Market Cap: NT$6.8b

Designs, research and develops, manufactures, and sells connectors for use in communication, computers, automotive, and consumer industries in Taiwan and internationally.

Wholetech System Hitech

Market Cap: NT$9.0b

Provides system integration services in Taiwan, China, Japan, and Singapore.

SML Mahindra

Market Cap: ₹59.6b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Genesys Logic

Market Cap: NT$8.0b

Engages in the designing, manufacturing, testing, and sale of integrated circuits, semiconductors, digital communication products, computer equipment and relevant products, and computer program designing solutions in Taiwan, China, the United States, and internationally.

BLS E-Services

Market Cap: ₹14.7b

A technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally.

Sambhv Steel Tubes

Market Cap: ₹34.0b

Manufactures and sells electric resistance welded steel pipes, structural tubes, and stainless-steel coils in India.

Praise Victor Industrial

Market Cap: NT$25.9b

Designs, produces, and trades in polyurethanes (PU) materials.

Baazeem Trading

Market Cap: ر.س548.8m

Operates as a FMCG distribution company.

Cigniti Technologies

Market Cap: ₹33.4b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

Monarch Networth Capital

Market Cap: ₹23.3b

Provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India.

SALUS Ljubljana d. d

Market Cap: €509.6m

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

MMTC

Market Cap: ₹88.5b

Operates as a trading company in Asia, Europe, Africa, the Middle East, Latin America, and North America.

KP Green Engineering

Market Cap: ₹19.6b

Engages in engineering and manufacture of steel structure in India.

Onix Solar Energy

Market Cap: ₹21.9b

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