Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.3b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

National Environmental Recycling

Market Cap: ر.س895.0m

National Environmental Recycling Company recycles electronic and electrical equipment in Asia, Middle East, Japan, and Europe.

Najran Cement

Market Cap: ر.س1.4b

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

Baazeem Trading

Market Cap: ر.س578.1m

Operates as a FMCG distribution company.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

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

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

MOBI Industry

Market Cap: ر.س650.0m

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

Sure Global Tech

Market Cap: ر.س616.0m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Saudi Chemical Holding

Market Cap: ر.س6.4b

Saudi Chemical Holding Company manufacture, wholesale, and retail trade of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment in the Kingdom of Saudi Arabia and internationally.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م12.9b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Padma Oil

Market Cap: ৳20.0b

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

Voltamp Energy SAOG

Market Cap: ر.ع77.6m

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

SALUS Ljubljana d. d

Market Cap: €335.3m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

VCREDIT Holdings

Market Cap: HK$1.6b

An investment holding company, provides technology-driven consumer financial services to borrowers in the People’s Republic of China and Hong Kong.

Taiyo KagakuLtd

Market Cap: JP¥33.1b

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

Bakrie & Brothers

Market Cap: Rp4.5t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Bank Ganesha

Market Cap: Rp1.9t

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

Cherat Cement

Market Cap: PK₨55.7b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Citra Tubindo

Market Cap: Rp6.1t

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

Nestlé Pakistan

Market Cap: PK₨357.7b

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

Yibin City Commercial Bank

Market Cap: HK$11.9b

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

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$28.2b

Operates self-service stores that sell office supplies, electronic goods, and housewares in Mexico, Central America, the Caribbean, Colombia, and Chile.

va-Q-tec

Market Cap: €392.2m

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

Fortune Mate Indonesia

Market Cap: Rp2.6t

Provides real estate development and construction services in Indonesia.

Reitar Logtech Holdings

Market Cap: US$256.0m

Through its subsidiaries, provides construction management and engineering design services.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.9b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.8b

Operates as an asset management company.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.7b

Engages in the production and sale of food products in Turkey.

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Metalpha Technology Holding

Market Cap: US$125.5m

Provides wealth management services in Hong Kong.

Standard Chartered Bank Kenya

Market Cap: KSh119.0b

Provides various banking products and services for individuals and businesses.

Lungyen Life Service

Market Cap: NT$24.8b

Provides funeral facilities and services in Taiwan.