Global Undiscovered Gems With Strong Fundamentals

Bonny Worldwide

Market Cap: NT$7.9b

Engages in the manufacture and sale of OEM and ODM carbon fiber rackets and related sporting goods in China.

New Asia Construction & Development

Market Cap: NT$3.3b

Provides public construction services for governments in Taiwan.

Quality Reliability Technology

Market Cap: ₩184.0b

Provides semiconductor reliability evaluation and defect analysis services in South Korea and internationally.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.7b

Operates as a chemical raw material manufacturing company in China and internationally.

Anpec Electronics

Market Cap: NT$17.3b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Kinpo Electronics

Market Cap: NT$34.5b

Designs, manufactures, and sells consumer electronics, web-based communications, computer peripherals, and storage products in Taiwan, rest of Asia, the Americas, and internationally.

Toho Bank

Market Cap: JP¥115.1b

Provides various banking products and services in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥133.1b

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

Ascentech K.K

Market Cap: JP¥20.2b

Provides virtual desktop infrastructure (VDI) and IT infrastructure solutions in Japan.

First Juken

Market Cap: JP¥15.6b

Engages in the construction and sale of detached houses in Japan.

Energy World

Market Cap: AU$203.9m

An independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region.

Bank Ganesha

Market Cap: Rp2.6t

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

Ohashi Technica

Market Cap: JP¥26.2b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, Mexico, Thailand, Taiwan, China, and Europe.

Champion Building MaterialsLtd

Market Cap: NT$3.5b

Champion Building Materials Co., Ltd., together with its subsidiaries, manufactures and markets ceramics, ceramic products, stone products, fire-resistant materials, and other chemical products.

Araya Industrial

Market Cap: JP¥23.6b

Manufactures and sells steel products in Japan and internationally.

Nestlé Pakistan

Market Cap: PK₨364.4b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ148.5m

Invests in, operates, and manages duty-free shops.

CHANGE HoldingsInc

Market Cap: JP¥76.6b

Engages in the digital transformation (DX) business in Japan.

Soft-World International

Market Cap: NT$15.2b

Develops, operates, and distributes games in Taiwan and China.

Ruentex Interior Design

Market Cap: NT$3.5b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Huang Hsiang Construction

Market Cap: NT$15.6b

Engages in development of residential and commercial properties.

Techno Smart

Market Cap: JP¥23.7b

Provides liquid crystal-related film and cast film manufacturing devices.

Sinopower Semiconductor

Market Cap: NT$3.8b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

Myung In Pharmaceutical

Market Cap: ₩1.1t

A pharmaceutical company, manufactures ETC and OTC drugs.

Ramco Industries

Market Cap: ₹28.6b

Engages in the building products, textiles, and power generation businesses in India.

Hollyland (China) Electronics Technology

Market Cap: CN¥2.8b

Engages in the research and development, production, and sale of circuit protection products in China and internationally.

MSC

Market Cap: ₩166.0b

Engages in the research and development, production, marketing, and sale of various food additives in South Korea.

Ha Giang Mineral Mechanics

Market Cap: ₫3.5t

Explores, extracts, and process mineral ores in Vietnam and internationally.

Otec

Market Cap: JP¥30.2b

Trades pipework equipment in Japan.

GDEP ADVANCEInc

Market Cap: JP¥15.9b

Engages in the system incubation business in Japan.

Pizu Group Holdings

Market Cap: HK$3.3b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Unitech Computer

Market Cap: NT$6.8b

Engages in the design, manufacture, sale, import and export of computers, computer peripheral equipment and automatic identification systems in Asia, America, Europe, and Oceania.

Lucky Cement

Market Cap: NT$6.1b

Manufactures and sells cement, stone, and other cement-related products in the People’s Republic of China.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

MOBI Industry

Market Cap: ر.س595.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Nusantara Pelabuhan Handal

Market Cap: Rp3.4t

Manages and operates container terminals in Indonesia and internationally.