Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sociedad Matriz SAAM

Market Cap: CL$1.3t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Zona Franca de Iquique

Market Cap: CL$232.8b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

First National Bank of Botswana

Market Cap: P13.9b

Provides various banking and related products and services to individuals, and large and small businesses in Botswana.

Capricorn Group

Market Cap: R11.7b

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

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 403.3b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

Standard Bank

Market Cap: MK 1.2t

Provides banking and other related services in Malawi.

ANSA Merchant Bank

Market Cap: TT$2.7b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Telekom Networks Malawi

Market Cap: MK 366.0b

Provides telecommunication services to enterprises and individual customers in Malawi.

Zambia Sugar

Market Cap: K20.7b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Central Forest Group

Market Cap: JP¥21.3b

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

Transcorp Power

Market Cap: ₦2.6t

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

Mercantil Financeira - Crédito Financiamento e Investimento

Market Cap: R$579.4m

Provides financial solutions in Brazil.

Tri-County Financial Group

Market Cap: US$114.3m

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.

Compañía Electro Metalúrgica

Market Cap: CL$387.7b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

TCPL Packaging

Market Cap: ₹29.5b

Manufactures and sells paperboard-based packaging materials and flexible packaging products in India.

Krishana Phoschem

Market Cap: ₹31.4b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

PINAGO UTAMA

Market Cap: Rp2.4t

Engages in the oil palm and rubber plantation business in Indonesia.

Lippo Cikarang

Market Cap: Rp3.1t

Develops real estate and industrial estate projects in Indonesia.

GTS Internasional

Market Cap: Rp1.9t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Wuhan Huakang Century Clean Technology

Market Cap: CN¥3.2b

Wuhan Huakang Century Clean Technology Co., Ltd.

ShenZhen QiangRui Precision Technology

Market Cap: CN¥9.6b

ShenZhen QiangRui Precision Technology Co., Ltd.

Qingdao CHOHO IndustrialLtd

Market Cap: CN¥5.9b

Qingdao Choho Industrial Co., Ltd. engages in the research, development, manufacture, and sale of automobile chains worldwide.

Cita Mineral Investindo

Market Cap: Rp18.3t

Engages in bauxite mining activities in Indonesia.

Orkla India

Market Cap: ₹94.1b

Operates as a food company, manufactures and sells spices and convenience foods in India and internationally.

Anji Foodstuff

Market Cap: CN¥3.4b

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

Central Finance

Market Cap: LK₨71.2b

Provides various financial solutions primarily in Sri Lanka.

Taiyo KagakuLtd

Market Cap: JP¥38.0b

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

Xiamen Jiarong TechnologyLtd

Market Cap: CN¥3.7b

Manufactures and sells environmental protection equipment.

Saatvik Green Energy

Market Cap: ₹59.8b

Manufactures and sells solar photovoltaic modules in India and internationally.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp21.5t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the Middle East, the United States, and internationally.

Indo Farm Equipment

Market Cap: ₹11.3b

Manufactures and sells agricultural, industrial, and construction equipment in India.

Genesys International

Market Cap: ₹20.2b

Provides geographical information services in India and internationally.