Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.3b

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

Cairo Amman Bank

Market Cap: د.أ276.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Fengyinhe Holdings

Market Cap: HK$2.3b

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

Li Ming Development Construction

Market Cap: NT$3.7b

Li Ming Development Construction Co., Ltd.

PBA Holdings Bhd

Market Cap: RM 652.1m

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

M & A Equity Holdings Berhad

Market Cap: RM 430.1m

An investment holding company, engages in the financial services, investment holding, and property investment and development businesses in Malaysia.

Banyan Tree Holdings

Market Cap: S$585.2m

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.

Dwi Guna Laksana

Market Cap: Rp2.2t

Engages in the coal mining and trading activities in Indonesia.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك40.2m

Engages in managing real estate projects in Kuwait.

Wholetech System Hitech

Market Cap: NT$9.1b

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

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.

Viet Nam Power Development

Market Cap: ₫2.7t

Engages in the operation and management of hydropower plants.

Cigniti Technologies

Market Cap: ₹42.0b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

National Investments Company K.S.C.P

Market Cap: د.ك227.0m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

Bank Danamon Indonesia

Market Cap: Rp25.4t

Provides banking services for retail, small and medium enterprises (SMEs), and corporate customers in Indonesia.

Southeast Asia Commercial Bank

Market Cap: ₫47.7t

Provides retail and corporate banking products and services in Vietnam.

Etihad GO Telecom

Market Cap: ر.س3.2b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Indo Tech Transformers

Market Cap: ₹15.1b

Manufactures and sells transformers in India and internationally.

Citra Tubindo

Market Cap: Rp4.7t

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

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س742.0m

Engages in the wholesale and retail trade of medical supplies for the aesthetic market in the Kingdom of Saudi Arabia.

YuanShengTai Dairy Farm

Market Cap: HK$1.4b

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

Asian Granito India

Market Cap: ₹17.2b

Engages in the manufacture and trade of tiles, marbles, and related products in India.

Billion Industrial Holdings

Market Cap: HK$9.6b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Lungyen Life Service

Market Cap: NT$21.6b

Provides funeral facilities and services in Taiwan.

Changjiu Holdings

Market Cap: HK$1.2b

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

Sam Holdings

Market Cap: ₫2.7t

Manufactures and distributes wires and cables for telecommunications under the SACOM brand in Vietnam.

Taiyo KagakuLtd

Market Cap: JP¥47.2b

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

Te Chang Construction

Market Cap: NT$7.6b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

Krishana Phoschem

Market Cap: ₹31.0b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

Danang Port

Market Cap: ₫3.3t

Offers port services in Vietnam.

Hafary Holdings

Market Cap: S$219.6m

An investment holding company, engages in import, export, dealing, distribution, wholesale, and trading in building materials.

Hua Na Hydropower

Market Cap: ₫5.5t

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

MKH Berhad

Market Cap: RM 582.7m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, and Indonesia.

Cisadane Sawit Raya

Market Cap: Rp2.1t

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

Piccadily Agro Industries

Market Cap: ₹59.3b

Manufactures and develops alcoholic beverages in India.