Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Cita Mineral Investindo

Market Cap: Rp16.1t

Engages in bauxite mining activities in Indonesia.

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services in Indonesia.

ShareHope Medicine

Market Cap: NT$3.6b

Provides integrated medical services in Taiwan.

Yulie Sekuritas Indonesia

Market Cap: Rp4.4t

Operates as a securities company in Indonesia.

Citra Tubindo

Market Cap: Rp4.5t

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

Hoshi Iryo-Sanki

Market Cap: JP¥14.8b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Palasino Holdings

Market Cap: HK$1.9b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

Billion Industrial Holdings

Market Cap: HK$9.7b

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.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ683.1m

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

Taiyo KagakuLtd

Market Cap: JP¥35.3b

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

Surya Toto Indonesia

Market Cap: Rp2.6t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Voltamp Energy SAOG

Market Cap: ر.ع77.7m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

TSTE

Market Cap: ฿4.4b

Primarily engages in the production and distribution of wheat flour in Thailand.

Linde Bangladesh

Market Cap: ৳14.4b

Manufactures and supplies industrial and medical gases, anesthesia, and ancillary equipment in Bangladesh.

Padma Oil

Market Cap: ৳19.7b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Bank MNC Internasional

Market Cap: Rp2.6t

Provides various banking products and services in Indonesia.

National Credit and Commerce Bank

Market Cap: ৳13.1b

Provides various commercial banking products and services in Bangladesh.

Nusantara Pelabuhan Handal

Market Cap: Rp2.7t

Manages and operates container terminals in Indonesia and internationally.

Digital Mediatama Maxima

Market Cap: Rp2.7t

Operates an integrated marketing platform.

China Leon Inspection Holding

Market Cap: HK$1.7b

An investment holding company, provides inspection, testing, technical, and consulting services in Greater China, Singapore, and internationally.

ANSA Merchant Bank

Market Cap: TT$3.3b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

Y.D. More Investments

Market Cap: ₪3.0b

A privately owned Investment Manager.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺5.6b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

ASA Gold and Precious Metals

Market Cap: US$701.7m

A publicly owned investment manager.

First Investment Bank AD

Market Cap: лв808.0m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Zona Franca de Iquique

Market Cap: CL$220.3b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Famous Brands

Market Cap: R5.7b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Mendelson Infrastructures & Industries

Market Cap: ₪532.1m

Mendelson Infrastructures & Industries Ltd.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.5b

A publicly owned investment manager.

Lavipharm

Market Cap: €140.5m

Engages in the research, development, manufacture, import, marketing, sale, and wholesale of pharmaceutical, cosmetics, and healthcare products to physicians and pharmacists in Greece and internationally.

Transnational Corporation of Nigeria

Market Cap: ₦483.2b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.4b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €538.7m

Operates as a cooperative bank in France.