Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Xinjiang Torch Gas

Market Cap: CN¥3.5b

Operates as a gas service company in China.

Pacific Metals

Market Cap: JP¥54.4b

Produces and sells ferro-nickel and ferro-nickel slag products in Japan and internationally.

Toho Bank

Market Cap: JP¥165.7b

Provides various banking products and services in Japan.

Cyber Security Cloud

Market Cap: JP¥17.0b

Provides web application security services worldwide.

AJIS

Market Cap: JP¥37.4b

Provides retail support services in Japan and internationally.

Jinghua Pharmaceutical Group

Market Cap: CN¥6.4b

Engages in the research and development, manufacture, and sale of APIs and pharmaceutical intermediates in China.

Piccadily Agro Industries

Market Cap: ₹53.6b

Manufactures and develops alcoholic beverages in India.

Cota

Market Cap: JP¥36.4b

Manufactures and sells of hair cosmetics and quasi drugs in Japan and internationally.

Envirotainer

Market Cap: €406.9m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Pasifik Eurasia Lojistik Dis Ticaret

Market Cap: ₺78.9b

Pasifik Eurasia Lojistik Dis Ticaret A.S.

Liburnia Riviera Hoteli d.d

Market Cap: €149.5m

Provides accommodation and hospitality services in Croatia, Germany, Austria, Italy, Hungary, Slovenia, Ukraine, Czech, other European countries, and internationally.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺5.0b

Operates as an asset management company in Turkey.

Nanfang Ventilator

Market Cap: CN¥7.0b

Engages in the research and development, production and sale of ventilation and air handling systems in China.

Yibin City Commercial Bank

Market Cap: HK$12.1b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Freetrailer Group

Market Cap: €579.5m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Orient Pharma

Market Cap: NT$6.0b

Engages in the development of new drugs in Taiwan and internationally.

Jiangsu Gian Technology

Market Cap: CN¥7.9b

Manufactures and sells metal injection molding products in China and internationally.

Standard Bank

Market Cap: MK 996.0b

Provides banking and other related services in Malawi.

Cresco

Market Cap: JP¥60.0b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

Zhejiang Chinastars New Materials Group

Market Cap: CN¥4.9b

Zhejiang Chinastars New Materials Group Co., Ltd.

Careerlink

Market Cap: JP¥32.3b

Provides human resource services in Japan.

Dwi Guna Laksana

Market Cap: Rp2.2t

Engages in the coal mining and trading activities in Indonesia.

Zhejiang Yayi Metal TechnologyLtd

Market Cap: CN¥2.5b

ZheJiang Yayi Metal Technology Co.,Ltd engages in the research and development, production, processing, and sales of outdoor leisure furniture in China, the United States, Canada, and internationally.

LanZhou Foci PharmaceuticalLtd

Market Cap: CN¥4.5b

Research and development, production, and sales of traditional chinese medicines and health products in China.

YH Entertainment Group

Market Cap: HK$1.7b

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

Al Wathba National Insurance Company PJSC

Market Cap: د.إ629.3m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Top Union Electronics

Market Cap: NT$4.4b

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

Muto Seiko

Market Cap: JP¥16.1b

Manufactures and sells plastic parts in Japan, Vietnam, China, Taiwan, rest of Asia, and internationally.

Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou

Market Cap: CN¥6.8b

Engages in the production and sale of edible sugar, beverages, and other food products in China and internationally.

Marusan Securities

Market Cap: JP¥69.2b

Engages in the financial products trading business in Japan.

Te Chang Construction

Market Cap: NT$7.4b

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

Lungyen Life Service

Market Cap: NT$21.5b

Provides funeral facilities and services in Taiwan.

Malam - Team

Market Cap: ₪2.4b

Provides information technology services in Israel.

Mark Dynamics Indonesia

Market Cap: Rp2.9t

Manufactures and sells hand former products in Indonesia and internationally.

Korea Ratings

Market Cap: ₩451.4b

Provides credit rating and business valuation services in South Korea.