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.

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.

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.

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.

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.

Timex Group India

Market Cap: ₹27.4b

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

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.

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.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Sakar Healthcare

Market Cap: ₹12.0b

Research, develops, manufactures, and sells pharmaceutical products in India.

Baazeem Trading

Market Cap: ر.س570.0m

Operates as a FMCG distribution company.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك43.6m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Citra Tubindo

Market Cap: Rp4.7t

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

Cigniti Technologies

Market Cap: ₹31.0b

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

VICOM

Market Cap: S$616.9m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

JiaXing Gas Group

Market Cap: HK$1.2b

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

China Bohai Bank

Market Cap: HK$15.6b

Provides various personal and corporate banking products and services in the People’s Republic of China.

Saha-Union

Market Cap: ฿8.4b

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