Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Bahrain National Holding Company B.S.C

Market Cap: ب.د59.0m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

TSTE

Market Cap: ฿3.9b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Namibia Breweries

Market Cap: R6.2b

Engages in brewing and distribution of alcoholic beverages, and manufacture of soft drinks in Namibia and South Africa.

Ideal Capital Berhad

Market Cap: RM 1.8b

An investment holding company, engages in the property development business in Malaysia.

Dwi Guna Laksana

Market Cap: Rp2.6t

Engages in the coal mining and trading activities in Indonesia.

Bank Ganesha

Market Cap: Rp3.0t

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

YH Entertainment Group

Market Cap: HK$1.8b

An investment holding company, operates as an artist management company in Mainland China and Korea.

Aoxin Q & M Dental Group

Market Cap: S$198.5m

An investment holding company, provides private dental healthcare services in the People’s Republic of China and Singapore.

Banyan Tree Holdings

Market Cap: S$537.5m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

Wison Engineering Services

Market Cap: HK$1.8b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Nanfang Communication Holdings

Market Cap: HK$943.2m

An investment holding company, engages in the manufacturing and sale of optical fiber cables and optical distribution network devices in the People’s Republic of China.

Changjiu Holdings

Market Cap: HK$1.1b

An investment holding company, provides pledged vehicle monitoring and automobile dealership operation management services in China.

Palasino Holdings

Market Cap: HK$1.7b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

Cisadane Sawit Raya

Market Cap: Rp1.9t

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

Yulie Sekuritas Indonesia

Market Cap: Rp5.3t

Operates as a securities company in Indonesia.

Fengyinhe Holdings

Market Cap: HK$2.9b

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

Sing Investments & Finance

Market Cap: S$364.1m

Provides financing and related nominee services to individuals and corporations in Singapore.

Colorado

Market Cap: د.م1.4b

Manufactures and distributes various paints in Morocco and internationally.

National Investments Company K.S.C.P

Market Cap: د.ك222.2m

Provides financial and investment services in Kuwait, GCC countries, and internationally.

Yunnan Jinxun Resources

Market Cap: HK$4.6b

Engages in the smelting, beneficiation, deep processing, and recycling of non-ferrous metal new energy material in China and internationally.

Timex Group India

Market Cap: ₹27.4b

Engages in designing, manufacturing, and trading of watches in India and internationally.

Hua Na Hydropower

Market Cap: ₫5.3t

Engages in the investment, production, and trading of electricity in Vietnam.

Tri-County Financial Group

Market Cap: US$123.6m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Oxford Bank

Market Cap: US$103.4m

Operates as the holding company for Oxford Bank that provides various banking products and services to various customers in Michigan.

YuanShengTai Dairy Farm

Market Cap: HK$1.7b

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

Buana Artha Anugerah

Market Cap: Rp3.1t

Engages in the provision of asset management services in Indonesia.

GOCL

Market Cap: ₹12.3b

Engages in the electronics manufacturing services and the realty businesses in India and internationally.

Lippo Cikarang

Market Cap: Rp3.7t

Develops real estate and industrial estate projects in Indonesia.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك355.1m

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.

SML Mahindra

Market Cap: ₹59.8b

Manufactures and sells commercial vehicles and related parts in India and internationally.

BLS E-Services

Market Cap: ₹12.3b

A technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally.

Monarch Networth Capital

Market Cap: ₹20.1b

Provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India.

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

Market Cap: د.ك46.4m

A private equity firm specializing in direct and fund investments.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك176.3m

Engages in insurance and reinsurance operations in Kuwait.

HG Metal Manufacturing

Market Cap: S$167.6m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.