Global Undiscovered Gems With Strong Fundamentals

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك37.8m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

Savior Lifetec

Market Cap: NT$6.3b

A specialty injectable company, develops, produces, and supplies sterile active pharmaceutical ingredients and finished dosage formulations.

Fortune Mate Indonesia

Market Cap: Rp2.7t

Provides real estate development and construction services in Indonesia.

Citra Tubindo

Market Cap: Rp3.9t

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

ASRock Rack Incorporation

Market Cap: NT$16.9b

Develops and sells server motherboards and systems in Taiwan and internationally.

ShareHope Medicine

Market Cap: NT$3.7b

Provides integrated medical services in Taiwan.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك39.7m

A private equity firm specializing in direct and fund investments.

MOBI Industry

Market Cap: ر.س700.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

SHL Consolidated Bhd

Market Cap: RM 552.0m

An investment holding company, engages in the development of integrated commercial and residential properties in Malaysia.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك422.1m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Sugar Terminals

Market Cap: AU$356.4m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Vivo Energy Mauritius

Market Cap: MU₨11.8b

Vivo Energy Mauritius Limited markets and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Padma Oil

Market Cap: ৳17.7b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Linde Bangladesh

Market Cap: ৳13.6b

Manufactures and supplies industrial and medical gases, welding products and equipment, and ancillary equipment in Bangladesh.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Lampsa Hellenic Hotels

Market Cap: €790.5m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Chilanga Cement

Market Cap: K5.6b

Engages in the manufacture and sale of cement products in Zambia.

Viohalco

Market Cap: €1.4b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

Kerevitas Gida Sanayi ve Ticaret

Market Cap: ₺11.8b

Produces and trades in frozen and canned products in Turkey.

First National Bank of Botswana

Market Cap: P13.2b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Polyram Plastic Industries

Market Cap: ₪1.1b

Manufactures and supplies thermoplastic compounds in Israel and internationally.

Solesence

Market Cap: US$213.1m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Inversiones Doalca SOCIMI

Market Cap: €154.2m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺5.7b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Intellego Technologies

Market Cap: SEK 2.1b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Hua Na Hydropower

Market Cap: ₫5.9t

Engages in the electricity generation activities.

Central Forest Group

Market Cap: JP¥23.1b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Smart Organic AD

Market Cap: лв351.6m

Engages in the production and distribution of organic products worldwide.

Malam - Team

Market Cap: ₪1.7b

Provides information technology services in Israel.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.0b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

Innovex International

Market Cap: US$1.1b

Designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide.

Birlesim Mühendislik Isitma Sogutma Havalandirma Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.0b

Provides heating, cooling, ventilation, and other mechanical installation services.

Martifer SGPS

Market Cap: €187.7m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.