Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

PINAGO UTAMA

Market Cap: Rp2.0t

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

Nigerian Aviation Handling

Market Cap: ₦216.3b

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

ANSA Merchant Bank

Market Cap: TT$3.3b

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

Maistra d.d

Market Cap: €580.0m

Engages in the hotel business in Croatia.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.9b

Operates as an asset management company.

Capricorn Group

Market Cap: R11.1b

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

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$28.2b

Operates self-service stores that sell office supplies, electronic goods, and housewares in Mexico, Central America, the Caribbean, Colombia, and Chile.

Jadranski naftovod d.d

Market Cap: €836.4m

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

Tibet TourismLtd

Market Cap: CN¥5.9b

Engages in the tourism, attractions, services, and commerce business in China.

Morris State Bancshares

Market Cap: US$260.9m

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

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Southern Michigan Bancorp

Market Cap: US$107.5m

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.

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

Gulf Insurance Group - Jordan

Market Cap: د.أ96.7m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Potasios de Chile

Market Cap: CL$488.3b

Engages in investment in shares and other financial instruments in Chile.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Oswal Greentech

Market Cap: ₹11.3b

Develops real estate projects in India.

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Oakworth Capital

Market Cap: US$159.8m

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

Miwon Chemicals

Market Cap: ₩173.1b

Develops, manufactures, and sells performance chemicals for use in the rubber, detergent, and personal care industries worldwide.

YagiLtd

Market Cap: JP¥25.8b

Operates as a fiber trading company in Japan.

Evergent Investments

Market Cap: RON 1.4b

A publicly owned investment manager.

E J Holdings

Market Cap: JP¥28.9b

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

Maxigen Biotech

Market Cap: NT$4.0b

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

Araya Industrial

Market Cap: JP¥24.0b

Manufactures and sells steel products in Japan and internationally.

Machvision

Market Cap: NT$27.7b

Develops and sells machine vision systems for semiconductor and printed circuit board (PCB) industry in Taiwan.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺11.2b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Silvery Dragon Prestressed MaterialsLTD Tianjin

Market Cap: CN¥7.0b

Manufactures and sells prestressed steel products in China and internationally.

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services in Indonesia.

Hind Rectifiers

Market Cap: ₹32.8b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.