Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Morris State Bancshares

Market Cap: US$236.6m

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

Tri-County Financial Group

Market Cap: US$112.8m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Chilanga Cement

Market Cap: K7.8b

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

Central Cooperative Bank AD

Market Cap: лв214.8m

A commercial bank, provides various financial products and services.

First Northern Community Bancorp

Market Cap: US$204.4m

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.

Southern Michigan Bancorp

Market Cap: US$115.3m

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.

Jadranski naftovod d.d

Market Cap: €866.6m

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

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Affinity Bancshares

Market Cap: US$118.2m

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

MKH Berhad

Market Cap: RM 611.5m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

Padma Oil

Market Cap: ৳19.2b

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

Gallantt Ispat

Market Cap: ₹124.6b

Engages in manufacture and sale of iron and steel products in India.

Banyan Tree Holdings

Market Cap: S$576.5m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Changjiu Holdings

Market Cap: HK$1.2b

An investment holding company, provides pledged vehicle monitoring and automobile dealership operation management services in China.

MOBI Industry

Market Cap: ر.س635.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Qassim Cement

Market Cap: ر.س4.6b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك86.9m

A private equity firm specializing in direct and fund investments.

Goldiam International

Market Cap: ₹40.4b

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

Etihad Atheeb Telecommunication

Market Cap: ر.س3.7b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Billion Industrial Holdings

Market Cap: HK$9.7b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Rrp Semiconductor

Market Cap: ₹137.0b

Trades in electronic parts in India.

Aesler Grup Internasional

Market Cap: Rp4.8t

Provides architectural and construction management services in Indonesia.

Enviro Infra Engineers

Market Cap: ₹42.5b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

Shipping Corporation of India

Market Cap: ₹126.5b

A marginal liner shipping company, engages in the business of transporting goods in India.

Cigniti Technologies

Market Cap: ₹48.3b

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

SML Mahindra

Market Cap: ₹43.8b

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

Knowledge Marine & Engineering Works

Market Cap: ₹25.7b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك401.1m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Nusantara Pelabuhan Handal

Market Cap: Rp3.3t

Manages and operates container terminals in Indonesia and internationally.

Najran Cement

Market Cap: ر.س1.3b

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

Midwest

Market Cap: ₹40.3b

Engages in the exploration, mining, processing, marketing, distribution, and export of natural stones in India and internationally.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Soft-World International

Market Cap: NT$15.5b

Develops, operates, and distributes games in Taiwan and China.