Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥2.2b

Engages in the material transmission, warehousing, logistics, and sorting systems in industrial production in China.

Jiangxi Jiangnan New Material Technology

Market Cap: CN¥7.9b

Jiangxi Jiangnan New Material Technology Co., Ltd.

Johnson Chemical Pharmaceutical Works

Market Cap: NT$2.9b

Johnson Chemical Pharmaceutical Works Co., Ltd.

Shanghai Guangdian Electric Group

Market Cap: CN¥3.3b

Shanghai Guangdian Electric Group Co., Ltd.

MSC

Market Cap: ₩149.6b

Engages in the research and development, production, marketing, and sale of various food additives in South Korea.

Guangdong Lingxiao Pump IndustryLtd

Market Cap: CN¥5.7b

Guangdong Lingxiao Pump Industry Co.,Ltd.

Neosem

Market Cap: ₩394.8b

Manufactures and sells semiconductor inspection equipment.

FRMO

Market Cap: US$374.2m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Cita Mineral Investindo

Market Cap: Rp15.8t

Engages in bauxite mining activities in Indonesia.

Wholetech System Hitech

Market Cap: NT$7.2b

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

Hearts and Minds Investments

Market Cap: AU$721.3m

n/a

Suzhou Sepax Technologies

Market Cap: CN¥6.8b

Researches, develops, produces, and sells liquid chromatography materials for the separation and purification of biomacromolecules and other drugs worldwide.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.4b

Provides smart wearables and mobile medical care products in China and internationally.

Itafos

Market Cap: CA$595.2m

Operates as a phosphate and specialty fertilizer company.

Sinomag Technology

Market Cap: CN¥4.6b

Engages in the research and development, production, and sale of permanent ferrite magnets and soft magnetic cores and components worldwide.

Jiangsu Lianfa TextileLtd

Market Cap: CN¥2.7b

Engages in the manufacture and sale of textile products in China.

Vantage

Market Cap: US$130.1m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Hubei Three Gorges Tourism Group

Market Cap: CN¥3.7b

Hubei Three Gorges Tourism Group Co., Ltd.

Capricorn Group

Market Cap: R11.0b

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

Anhui Wanyi Science and TechnologyLtd

Market Cap: CN¥2.8b

AnHui Wanyi Science and Technology Co.,Ltd.

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.

MCH Group

Market Cap: CHF 117.5m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

AIC

Market Cap: NT$13.8b

Provides OEM/ODM, commercial off-the-shelf, and server and storage solutions in the United States, Asia, and Europe.

TOT BIOPHARM International

Market Cap: HK$1.4b

An investment holding company, engages in the research and development, manufacturing, and marketing of anti-tumor drugs in Mainland China and internationally.

Oriental Precision & EngineeringLtd

Market Cap: ₩235.5b

Oriental Precision & Engineering Co.,Ltd.

Huasi Holding

Market Cap: CN¥1.9b

Operates in the fur industry in China, Europe, Russia, the United States, Japan, South Korea, and Hong Kong.

AB Vilkyskiu pienine

Market Cap: €133.2m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Luyin Investment GroupLtd

Market Cap: CN¥4.3b

Engages in the production and sale of powder metallurgy materials and products, and salt and salt chemical products in China and internationally.

Surya Citra Media

Market Cap: Rp9.4t

Provides multimedia services in Indonesia.

Fortune Mate Indonesia

Market Cap: Rp2.1t

Provides real estate development and construction services in Indonesia.

Citra Tubindo

Market Cap: Rp6.8t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Cahaya Aero Services

Market Cap: Rp4.2t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Yibin City Commercial Bank

Market Cap: HK$12.0b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Najran Cement

Market Cap: ر.س1.4b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Shangri-La Hotel

Market Cap: ฿5.8b

Operates hotels in Bangkok and Chiang Mai provinces.