Global Undiscovered Gems With Strong Fundamentals

Shimizu Bank

Market Cap: JP¥24.7b

Provides various banking services in Japan.

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Akatsuki

Market Cap: JP¥17.1b

Engages in the real estate and securities businesses in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥140.9b

Engages in the marine transportation services and related business in Japan and internationally.

Business Brain Showa-Ota

Market Cap: JP¥38.0b

Provides consulting and systems development, and business management services in Japan.

KG Chemical

Market Cap: ₩374.5b

Manufactures and supplies fertilizers and concrete compound ingredients products in South Korea and internationally.

Lumax International

Market Cap: NT$9.9b

Provides electronic components and program-controlled instruments in Taiwan and China.

Central Finance

Market Cap: LK₨66.0b

Provides various financial solutions primarily in Sri Lanka.

Kanda HoldingsLtd

Market Cap: JP¥18.6b

Through its subsidiaries, operates as a logistics company in Japan and internationally.

JB Foods

Market Cap: S$216.6m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

Hayleys

Market Cap: LK₨144.4b

Operates in the manufacturing, agriculture, and services sectors worldwide.

SG Mart

Market Cap: ₹44.1b

Trades in building material products in India and internationally.

Shenzhen iN-Cube Automation

Market Cap: CN¥6.0b

Engages in the research and development, manufacture, and sale of industrial automation equipment, automation equipment accessories and related technical services in China and internationally.

Lion Rock Group

Market Cap: HK$1.0b

An investment holding company, provides printing services to international book publishers, trade, professional, and educational publishing conglomerates, as well as print media companies.

BLS E-Services

Market Cap: ₹20.2b

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

DoshishaLtd

Market Cap: JP¥110.8b

Plans, develops, produces, and sells lifestyle-related products in Japan and Internationally.

Asian Terminals

Market Cap: ₱61.5b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Shindaeyang Paper

Market Cap: ₩424.9b

Engages in the production and sale of corrugated cardboard base paper.

Guangdong Brandmax MarketingLtd

Market Cap: CN¥5.3b

Provides technology-driven new scene experience marketing services in China and internationally.

YagiLtd

Market Cap: JP¥26.7b

Together its subsidiaries, operates as a fiber trading company in Japan.

Cota

Market Cap: JP¥33.7b

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

Krishana Phoschem

Market Cap: ₹30.9b

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

Cresco

Market Cap: JP¥61.9b

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

VICOM

Market Cap: S$574.4m

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

Fortune Mate Indonesia

Market Cap: Rp2.1t

Provides real estate development and construction services in Indonesia.

Kyungbangco.Ltd

Market Cap: ₩176.4b

Engages in textile spinning and real estate development businesses in South Korea.

Chin Hsin Environ Engineering

Market Cap: NT$3.3b

Provides general, hazardous industrial, and biomedical waste removal and treatment services in Taiwan.

Maezawa Kasei Industries

Market Cap: JP¥32.2b

Produces and sells water and sewerage related products, and environmental equipment.

Oriental Precision & EngineeringLtd

Market Cap: ₩385.8b

Oriental Precision & Engineering Co.,Ltd.

Synic SolutionLtd

Market Cap: ₩222.6b

Synic Solution Co., Ltd. provides semiconductor design solutions and foundry services to global fabless customers.

TCM Biotech International

Market Cap: NT$10.7b

A biotech company, engages in the research and development of drugs for liver diseases.

Shangri-La Hotel

Market Cap: ฿5.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Ve Wong

Market Cap: NT$9.4b

Produces and distributes foods, drinks, and seasonings in Taiwan, and internationally.

OUG Holdings

Market Cap: JP¥22.1b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Ogaki Kyoritsu Bank

Market Cap: JP¥175.5b

A regional financial institution, provides various financial products and services in Japan and internationally.

Advancetek EnterpriseLtd

Market Cap: NT$12.1b

Advancetek Enterprise Co.,Ltd. entrusts construction companies to build national residential buildings and commercial buildings for leasing and sale in Taiwan.