Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Famous Brands

Market Cap: R5.5b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Acsion

Market Cap: R4.1b

Engages in property holding and development activities in South Africa and internationally.

TSTE

Market Cap: ฿4.1b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Purple Group

Market Cap: R2.6b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Master Drilling Group

Market Cap: R2.6b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Namibia Breweries

Market Cap: R6.6b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Security Federal

Market Cap: US$111.4m

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

Tchaikapharma High Quality Medicines AD

Market Cap: €843.9m

Develops, manufactures, and sells medicines in Bulgaria.

Sociedad Matriz SAAM

Market Cap: CL$1.5t

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

Hua Na Hydropower

Market Cap: ₫5.1t

Engages in the investment, production, and trading of electricity in Vietnam.

Tri-County Financial Group

Market Cap: US$128.8m

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.

Oxford Bank

Market Cap: US$105.1m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

Alfin Banco

Market Cap: S/433.7m

Provides various banking and financial products and services.

Southern Michigan Bancorp

Market Cap: US$123.4m

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.

Viet Nam Power Development

Market Cap: ₫2.7t

Engages in the electric generation business in Vietnam.

MAPFRE Middlesea

Market Cap: €145.4m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Nexa Resources AtacochaA

Market Cap: S/1.3b

Operates as a mining company worldwide.

Industrias del Cobre Sociedad Anónima

Market Cap: S/952.8m

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

Macnica Galaxy

Market Cap: NT$7.0b

Together with its subisidaries, engages in the agency trading and technical service of semiconductor electronic components in Taiwan, rest of Asia, and internationally.

Kuo Yang Construction

Market Cap: NT$6.9b

Engages in the construction of public housing projects in Taiwan.

Insolation Energy

Market Cap: ₹32.6b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

AB Akola Group

Market Cap: €284.9m

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.

GOCL

Market Cap: ₹16.5b

Engages in the electronics manufacturing services and the realty businesses in India and internationally.

Royal Ceramics Lanka

Market Cap: LK₨52.4b

Manufactures and sells wall and floor tiles in Sri Lanka.

PINAGO UTAMA

Market Cap: Rp2.7t

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

Nikko

Market Cap: JP¥30.6b

Engages in the manufacture and sale of asphalt mixing and concrete batching plants in Asia.

Hindustan Construction

Market Cap: ₹54.3b

Provides engineering and construction services in India and internationally.

Joyce

Market Cap: AU$173.3m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

Wholetech System Hitech

Market Cap: NT$9.6b

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

Ningbo United GroupLtd

Market Cap: CN¥2.3b

Engages in the commercial trade business in China.

National Cleaning Company K.P.S.C

Market Cap: د.ك48.1m

Provides cleaning services in Kuwait, GCC, Turkey, Iraq, and India.

VICOM

Market Cap: S$652.4m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Unitech Computer

Market Cap: NT$7.3b

Designs, manufactures, sells, imports, and exports computers, computer peripheral equipment, and automatic identification systems.

AJIS

Market Cap: JP¥37.3b

Provides retail support services in Japan and internationally.