Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

Top Union Electronics

Market Cap: NT$4.5b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Najran Cement

Market Cap: ر.س1.2b

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Viet Nam Power Development

Market Cap: ₫2.8t

Engages in the operation and management of hydropower plants.

Pizu Group Holdings

Market Cap: HK$3.3b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

National General Insurance (P.J.S.C.)

Market Cap: د.إ976.5m

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Nestlé Pakistan

Market Cap: PK₨363.0b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Bank Ganesha

Market Cap: Rp2.6t

Provides various general banking products and services for individuals and businesses in Indonesia.

MOBI Industry

Market Cap: ر.س606.0m

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

Cita Mineral Investindo

Market Cap: Rp18.7t

Engages in bauxite mining activities in Indonesia.

Nusantara Pelabuhan Handal

Market Cap: Rp3.4t

Manages and operates container terminals in Indonesia and internationally.

Taiyo KagakuLtd

Market Cap: JP¥37.5b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

PAN Group

Market Cap: ₫6.7t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Saha-Union

Market Cap: ฿8.3b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

An Phat Bioplastics

Market Cap: ₫3.2t

Produces and trades in plastic products in Vietnam, Singapore, the United States, Korea, and internationally.

Lippo Cikarang

Market Cap: Rp3.1t

Develops real estate and industrial estate projects in Indonesia.

PINAGO UTAMA

Market Cap: Rp2.4t

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

PBA Holdings Bhd

Market Cap: RM 645.4m

An investment holding company, operates as a water supplier in Malaysia.

Lee's Pharmaceutical Holdings

Market Cap: HK$1.1b

An investment holding company, develops, manufactures, markets, and sells pharmaceutical products in the People's Republic of China, Hong Kong, and internationally.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.0m

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

Hua Na Hydropower

Market Cap: ₫5.5t

Engages in the electricity generation activities.

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

Citra Tubindo

Market Cap: Rp4.2t

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

JiaXing Gas Group

Market Cap: HK$1.0b

Engages in the sale of piped natural gas (PNG) in Mainland China.

Hoang Huy Investment Financial Services

Market Cap: ₫19.1t

Engages in the manufacturing, trading, and assembling of motorbikes and cars.

Vietnam National Reinsurance

Market Cap: ₫4.1t

Engages in providing inward and outward reinsurance services in Vietnam and internationally.

Thai Steel Cable

Market Cap: ฿3.6b

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

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.

Jamuna Bank

Market Cap: ৳19.6b

Provides various banking products and services in Bangladesh.

Vinacomin - Power Holding

Market Cap: ₫7.9t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Natural Food International Holding

Market Cap: HK$2.3b

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

YuanShengTai Dairy Farm

Market Cap: HK$1.2b

A dairy farming company, engages in the production and sale of raw cow milk in the People’s Republic of China.

Fengyinhe Holdings

Market Cap: HK$4.2b

An investment holding company, provides various financial services to real estate market in the People’s Republic of China.