Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Vivo Energy Mauritius

Market Cap: MU₨13.0b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Thai Steel Cable

Market Cap: ฿3.7b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Mulpha International Bhd

Market Cap: RM 900.2m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Luxchem Corporation Berhad

Market Cap: RM 406.2m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

BLS E-Services

Market Cap: ₹15.7b

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

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك49.4m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك359.7m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

JB Foods

Market Cap: S$228.7m

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.

SML Mahindra

Market Cap: ₹55.3b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Buana Artha Anugerah

Market Cap: Rp3.7t

Engages in the provision of asset management services in Indonesia.

Wison Engineering Services

Market Cap: HK$1.6b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Lippo Cikarang

Market Cap: Rp4.1t

Develops real estate and industrial estate projects in Indonesia.

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells ultraviolet indicators in Sweden, the United Kingdom, the United States, Europe, China, and internationally.

HG Metal Manufacturing

Market Cap: S$170.3m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Cigniti Technologies

Market Cap: ₹43.7b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

Indo Tech Transformers

Market Cap: ₹16.0b

Manufactures and sells transformers in India and internationally.

Enviro Infra Engineers

Market Cap: ₹32.1b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

Surya Toto Indonesia

Market Cap: Rp2.7t

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

Timex Group India

Market Cap: ₹27.8b

Engages in designing, manufacturing, and trading of watches in India and internationally.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.4b

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

Cahaya Aero Services

Market Cap: Rp4.9t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك191.3m

Engages in insurance and reinsurance operations in Kuwait.

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

Market Cap: د.ك45.6m

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

Mobile Telecommunications

Market Cap: R6.9b

Operates as a mobile telecommunications company in Namibia.

Freetrailer Group

Market Cap: €834.9m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Lee's Pharmaceutical Holdings

Market Cap: HK$871.5m

An investment holding company, develops, manufactures, markets, and sells pharmaceutical products in the People's Republic of China, Hong Kong, and internationally.

Surya Citra Media

Market Cap: Rp15.6t

Provides multimedia services in Indonesia.

Gallantt Ispat

Market Cap: ₹141.4b

Engages in manufacture and sale of iron and steel products in India.

Daphne International Holdings

Market Cap: HK$791.4m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

Sambhv Steel Tubes

Market Cap: ₹27.4b

Manufactures and sells electric resistance welded steel pipes, structural tubes, and stainless-steel coils in India.

JiaXing Gas Group

Market Cap: HK$1.1b

Engages in the sale of piped natural gas (PNG) in Mainland China.

Shree Pushkar Chemicals & Fertilisers

Market Cap: ₹11.3b

Manufactures and trades in chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners in India.

Baazeem Trading

Market Cap: ر.س623.7m

Operates as a FMCG distribution company.

Natural Food International Holding

Market Cap: HK$2.3b

An investment holding company, manufactures and sells natural health food products in China.

Standard Chartered Bank Kenya

Market Cap: KSh116.8b

Provides various banking products and services for individuals and businesses.