Global Undiscovered Gems With Strong Fundamentals

DINE. de

Market Cap: Mex$14.3b

Develops real estate projects in Mexico.

Hermes Transportes Blindados

Market Cap: S/741.6m

Provides money and securities transfer, custody and processing, and document transfer services in Peru.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

La Positiva Seguros y Reaseguros

Market Cap: S/417.4m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Q P Group Holdings

Market Cap: HK$920.4m

An investment holding company, manufactures and trades in paper products in the People’s Republic of China, the United States, Europe, and internationally.

Najran Cement

Market Cap: ر.س1.3b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Jiangsu Lianfa TextileLtd

Market Cap: CN¥3.7b

Engages in the manufacture and sale of textile products in China.

Dwi Guna Laksana

Market Cap: Rp4.5t

Engages in the coal mining and trading activities in Indonesia.

Zhejiang Chinastars New Materials Group

Market Cap: CN¥4.6b

Zhejiang Chinastars New Materials Group Co., Ltd.

Zhejiang Jinghua Laser TechnologyLtd

Market Cap: CN¥4.3b

Develops, manufactures, and sells laser holographic molded products.

Linde Bangladesh

Market Cap: ৳14.1b

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

First Juken

Market Cap: JP¥17.4b

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

Suzhou Chunqiu Electronic Technology

Market Cap: CN¥5.9b

Suzhou Chunqiu Electronic Technology Co., Ltd.

Padma Oil

Market Cap: ৳19.4b

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

Citra Tubindo

Market Cap: Rp4.1t

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

Hyakugo Bank

Market Cap: JP¥211.4b

Provides various financial services to individual and corporate/sole proprietor customers in Japan.

MOBI Industry

Market Cap: ر.س560.0m

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

Vinacomin - Power Holding

Market Cap: ₫8.1t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Suzhou Fushilai Pharmaceutical

Market Cap: CN¥3.1b

Engages in the manufacture and sale of biopharmaceutical products in China.

Lumax International

Market Cap: NT$10.0b

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

Triocean Industrial Corporation

Market Cap: NT$4.7b

Engages in the construction business in Taiwan.

Synic SolutionLtd

Market Cap: ₩239.8b

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

Cisadane Sawit Raya

Market Cap: Rp1.7t

Engages in the oil palm plantation business in Indonesia and internationally.

Surya Toto Indonesia

Market Cap: Rp2.7t

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

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

Market Cap: د.ك45.2m

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

Bank Ganesha

Market Cap: Rp2.6t

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

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥4.8b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.

Komori

Market Cap: JP¥78.8b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.

Subaru Enterprise

Market Cap: JP¥43.8b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

Machvision

Market Cap: NT$32.2b

Develops and sells machine vision systems for semiconductor and printed circuit board (PCB) industry in Taiwan.

Ramco Industries

Market Cap: ₹32.3b

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

KP Green Engineering

Market Cap: ₹27.8b

Engages in engineering and manufacture of steel structure in India.

Zhejiang JW Precision MachineryLtd

Market Cap: CN¥9.1b

Engages in the research and development, production, and sale of bearing rings in China and internationally.

Hangzhou Zhengqiang

Market Cap: CN¥4.2b

Engages in the production and sale of automobile products in China and internationally.