Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Guardian Capital Group

Market Cap: CA$1.6b

Through its subsidiaries, primarily engages in the provision of investment services in Canada, the United States, the United Kingdom, and internationally.

Asian Terminals

Market Cap: ₱54.0b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Tchaikapharma High Quality Medicines AD

Market Cap: €872.7m

Develops, manufactures, and sells medicines in Bulgaria.

M+S Hydraulic AD

Market Cap: €203.1m

Engages in the production, repair, and sale of hydraulic products and systems in Bulgaria, the rest of Europe, and internationally.

Nigerian Aviation Handling

Market Cap: ₦340.1b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Onix Solar Energy

Market Cap: ₹18.3b

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

Morris State Bancshares

Market Cap: US$273.5m

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

Oakworth Capital

Market Cap: US$185.5m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Security Federal

Market Cap: US$106.7m

Operates as the bank holding company for Security Federal Bank that provides various banking products and services.

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 government agencies primarily in the southwest and south-central Michigan communities.

Procimmo Group

Market Cap: CHF 414.4m

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

Affinity Bancshares

Market Cap: US$121.0m

Operates as the holding company for Affinity Bank, National Association that provides various banking products and services in the United States.

Suzhou Fushilai Pharmaceutical

Market Cap: CN¥2.8b

Engages in the research, development, production, and sale of pharmaceutical intermediates, active pharmaceutical ingredients (APIs), and health care raw materials in China and internationally.

Yunnan Jinxun Resources

Market Cap: HK$3.3b

Engages in the smelting, beneficiation, deep processing, and recycling of non-ferrous metal new energy material in China and internationally.

E J Holdings

Market Cap: JP¥31.9b

Through its subsidiaries, engages in the civil engineering consultant business in Japan and internationally.

Careerlink

Market Cap: JP¥31.2b

Provides human resource services in Japan.

Anji Foodstuff

Market Cap: CN¥3.8b

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

Changzhou Nrb

Market Cap: CN¥6.5b

Engages in the research, development, manufacture, and sale of auto precision bearing products in China and internationally.

Hangzhou Zhengqiang

Market Cap: CN¥4.3b

Engages in the research, development, production, and sales of automobile cross-axle universal joint assemblies, forks, cross shafts, yokes, and related components in China and internationally.

Nippon Sharyo

Market Cap: JP¥52.2b

Engages in the railway vehicles, construction machinery, transportation equipment and steel structures, engineering, and other businesses in Japan, the United States, Asia, and internationally.

INCAR FINANCIAL SERVICE

Market Cap: ₩566.8b

Operates as an independent insurance agency in South Korea.

Powertip Image

Market Cap: NT$4.2b

Manufactures and sells electronic components and optical instruments in Mainland China, Taiwan, and internationally.

Grade Upon Technology

Market Cap: NT$29.3b

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.

Soracom

Market Cap: JP¥42.7b

Provides Internet of Things (IoT) based cellular connectivity solutions.

InnoCare Optoelectronics

Market Cap: NT$6.0b

Engages in the design, development, manufacture, and sale of optical instruments and medical devices.

Myung In Pharmaceutical

Market Cap: ₩829.3b

A pharmaceutical company, manufactures ETC and OTC drugs.

Shandong Link Science and TechnologyLtd

Market Cap: CN¥6.3b

Shandong Link Science and Technology Co.,Ltd.

Kanda HoldingsLtd

Market Cap: JP¥18.4b

Through its subsidiaries, operates as a logistics company in Japan and internationally.

Etihad GO Telecom

Market Cap: ر.س2.9b

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

PINAGO UTAMA

Market Cap: Rp2.4t

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

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.

Xiamen Jihong

Market Cap: CN¥7.2b

Engages in the cross-border social e-commerce and paper packaging solutions business.

Surya Toto Indonesia

Market Cap: Rp2.8t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.