Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Capricorn Group

Market Cap: R13.2b

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

Southern Michigan Bancorp

Market Cap: US$113.3m

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: €775.9m

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

Zambia Sugar

Market Cap: K21.1b

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

Productive Business Solutions

Market Cap: US$178.8m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Energy World

Market Cap: AU$213.1m

An independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region.

Park Medi World

Market Cap: ₹64.6b

Operates a network of hospitals.

GTS Internasional

Market Cap: Rp3.7t

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

Standard Chartered Bank Kenya

Market Cap: KSh113.2b

Provides various banking products and services for individuals and businesses.

Cita Mineral Investindo

Market Cap: Rp17.4t

Engages in bauxite mining activities in Indonesia.

Yashima Denki

Market Cap: JP¥62.6b

Engages in the plant, public/facilities, and transportation businesses in Japan and internationally.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹70.1b

Produces and sells fertilizers and chemicals in India.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

New Asia Construction & Development

Market Cap: NT$3.5b

Provides public construction services for governments in Taiwan.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Sociedad Eléctrica del Sur Oeste

Market Cap: S/867.8m

Distributes electricity in Peru.

Wuxi Xinan Technology

Market Cap: CN¥2.7b

Engages in the research, development, production, and sale of aluminum alloy auto parts for commercial vehicles and passenger cars in China.

Changjiu Holdings

Market Cap: HK$1.3b

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

Kaneko Seeds

Market Cap: JP¥17.5b

Kaneko Seeds Co., Ltd., together with its subsidiaries, production and sale agricultural seeds in Japan.

Unitech Computer

Market Cap: NT$6.7b

Engages in the design, manufacture, sale, import and export of computers, computer peripheral equipment and automatic identification systems in Asia, America, Europe, and Oceania.

Maxigen Biotech

Market Cap: NT$3.4b

Researches, develops, produces, and sells implantable medical devices and cosmetic products in Taiwan, America, Europe, rest of Asia, and internationally.

Lucky Cement

Market Cap: NT$6.0b

Manufactures and sells cement, stone, and other cement-related products in the People’s Republic of China.

Gallantt Ispat

Market Cap: ₹125.1b

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

Tai Sin Electric

Market Cap: S$271.6m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Jagsonpal Pharmaceuticals

Market Cap: ₹13.3b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Lion Rock Group

Market Cap: HK$1.1b

An investment holding company, provides printing services to international book publishers, trade, professional, and educational publishing conglomerates, as well as print media companies.

Baazeem Trading

Market Cap: ر.س662.2m

Operates as a FMCG distribution company.

Nofoth Food Products

Market Cap: ر.س894.6m

Produces and sells bakery products in Saudi Arabia.

Thai Steel Cable

Market Cap: ฿3.9b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Natural Food International Holding

Market Cap: HK$2.4b

An investment holding company, manufactures and sells natural health food products in China.

Qassim Cement

Market Cap: ر.س4.6b

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

Cairo Amman Bank

Market Cap: د.أ312.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Shenzhen Coship Electronics

Market Cap: CN¥9.3b

Engages in the manufacture and sale of smart home products and services worldwide.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.0b

Provides wholesale banking services worldwide.