Global Undiscovered Gems With Strong Fundamentals

Bonny Worldwide

Market Cap: NT$8.4b

Engages in the manufacture and sale of OEM and ODM carbon fiber rackets and related sporting goods.

Nihon Parkerizing

Market Cap: JP¥140.3b

Engages in the manufacture and supply of surface treatment chemicals in Japan and internationally.

Taiyo KagakuLtd

Market Cap: JP¥29.2b

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

Hunan Investment GroupLtd

Market Cap: CN¥2.6b

Engages in the construction and operation of highways, bridges, and various urban infrastructures in China.

Soft-World International

Market Cap: NT$17.5b

Develops, operates, and distributes games in Taiwan and China.

Hind Rectifiers

Market Cap: ₹15.7b

Engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally.

CTCI Advanced Systems

Market Cap: NT$3.8b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Sun

Market Cap: MU₨6.2b

Operates in the tourism sector.

Wholetech System Hitech

Market Cap: NT$6.5b

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

Zhejiang Fuchunjiang Environmental ThermoelectricLTD

Market Cap: CN¥4.5b

Zhejiang Fuchunjiang Environmental Thermoelectric Co.,LTD.

Philippine Savings Bank

Market Cap: ₱25.1b

Primarily engages in savings and mortgage banking activities in the Philippines.

Bank MNC Internasional

Market Cap: Rp2.4t

Provides various banking products and services in Indonesia.

Korea Ratings

Market Cap: ₩401.0b

Provides credit rating and business valuation services in South Korea.

KP Green Engineering

Market Cap: ₹19.5b

Engages in engineering and manufacture of steel structure in India.

Bengal & Assam

Market Cap: ₹81.7b

Operates as an investment company in India and internationally.

Konishi

Market Cap: JP¥74.0b

Manufactures and sells synthetic adhesives in Japan.

China Electric Mfg

Market Cap: NT$4.5b

Manufactures and sells electrical appliances, lighting products, and related accessories in Taiwan.

Rrp Semiconductor

Market Cap: ₹14.0b

Trades in electronic parts in India.

Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou

Market Cap: CN¥6.1b

Manufactures and sells cleaning products in China.

Jiin Ming Industry

Market Cap: NT$3.4b

Provides design manufacturing services in Taiwan.

Savior Lifetec

Market Cap: NT$6.5b

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

Haitian Water GroupLtd

Market Cap: CN¥3.7b

Provides water and environmental protection services in China.

Xiamen King Long Motor Group

Market Cap: CN¥9.3b

Engages in the research and development, design, manufacturing, and sale of bus products in China and internationally.

Natural Food International Holding

Market Cap: HK$1.4b

An investment holding company, engages in the manufacture and sale of natural health food products in China.

Zhejiang Jinghua Laser TechnologyLtd

Market Cap: CN¥3.4b

Develops, manufactures, and sells laser holographic molded products.

Huasi Holding

Market Cap: CN¥1.7b

Operates in the fur industry in China and internationally.

MMTC

Market Cap: ₹78.5b

Operates as a trading company in Asia, Europe, Africa, the Middle East, Latin America, and North America.

Indofood Agri Resources

Market Cap: S$432.7m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

Nippon Care Supply

Market Cap: JP¥31.5b

Engages in the rental and wholesale of welfare equipment in Japan.

Iljin DiamondLtd

Market Cap: ₩174.6b

Iljin Diamond Co., Ltd. manufactures and sells tool materials in South Korea, the United States, Europe, Japan, China, and internationally.

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥4.6b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.

PBA Holdings Bhd

Market Cap: RM 691.8m

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

Britam Holdings

Market Cap: KSh17.0b

An investment holding company, provides financial solutions in Kenya, Uganda, South Sudan, Rwanda, Tanzania, Malawi, and Mozambique.

Reitar Logtech Holdings

Market Cap: US$239.8m

Through its subsidiaries, provides construction management and engineering design services.

Alantra Partners

Market Cap: €331.1m

Engages in the investment banking and asset management services in Spain and internationally.

Bank of Africa Mali

Market Cap: XOF 70.4b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.