Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.8m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Freetrailer Group

Market Cap: €678.9m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

TSTE

Market Cap: ฿4.2b

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

Tri-County Financial Group

Market Cap: US$114.0m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in tourism business.

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.

Abans Financial Services

Market Cap: ₹10.9b

Operates as a non-banking finance company in India and internationally.

Enviro Infra Engineers

Market Cap: ₹46.2b

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.

Cahaya Aero Services

Market Cap: Rp5.5t

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

Cita Mineral Investindo

Market Cap: Rp16.2t

Engages in bauxite mining activities in Indonesia.

VICOM

Market Cap: S$585.0m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

HG Metal Manufacturing

Market Cap: S$151.1m

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

Genesys International

Market Cap: ₹23.7b

Provides geographical information services in India and internationally.

Concord Enviro Systems

Market Cap: ₹10.7b

Engages in providing water and wastewater treatment, and reuse solutions.

Capricorn Group

Market Cap: R11.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Jadranski naftovod d.d

Market Cap: €806.1m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Southern Michigan Bancorp

Market Cap: US$115.6m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Indofood Agri Resources

Market Cap: S$544.4m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

Cigniti Technologies

Market Cap: ₹46.2b

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

Baazeem Trading

Market Cap: ر.س556.9m

Operates as a FMCG distribution company.

ASL Marine Holdings

Market Cap: S$197.6m

Provides marine services in Singapore, Indonesia, Asia Pacific, South Asia, Europe, the Middle East, and Australia.

Alembic

Market Cap: ₹27.7b

Engages in real estate business in India and internationally.

Jagsonpal Pharmaceuticals

Market Cap: ₹16.5b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Balaji Telefilms

Market Cap: ₹14.0b

Engages in the entertainment business in India and internationally.

Fortune Mate Indonesia

Market Cap: Rp2.3t

Provides real estate development and construction services in Indonesia.

Thai Steel Cable

Market Cap: ฿3.6b

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

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

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

Mamata Machinery

Market Cap: ₹11.2b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Najran Cement

Market Cap: ر.س1.3b

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

Vasa Denticity

Market Cap: ₹10.0b

Trades in dental products in India.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Standard Chartered Bank Kenya

Market Cap: KSh110.0b

Provides various banking products and services for individuals and businesses.