Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

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

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

Taiyo KagakuLtd

Market Cap: JP¥32.4b

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

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Capricorn Group

Market Cap: R11.0b

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

Morris State Bancshares

Market Cap: US$265.7m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Practic

Market Cap: RON 736.5m

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

TSTE

Market Cap: ฿4.5b

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

Tait Marketing & Distribution

Market Cap: NT$4.3b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

MAPFRE Middlesea

Market Cap: €110.4m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

Sam Holdings

Market Cap: ₫2.7t

Manufactures and distributes wires and cables for telecommunications under the SACOM brand in Vietnam.

Shenzhen iN-Cube Automation

Market Cap: CN¥5.4b

Engages in the research and development, manufacture, and sale of industrial automation equipment, automation equipment accessories and related technical services in China and internationally.

Qingdao Daneng Environmental Protection Equipment

Market Cap: CN¥3.3b

Qingdao Daneng Environmental Protection Equipment Co., Ltd.

PSC

Market Cap: S$215.4m

Supplies provisions and household consumer products in Singapore, Malaysia, China, and internationally.

Hubei Three Gorges Tourism Group

Market Cap: CN¥3.8b

Hubei Three Gorges Tourism Group Co., Ltd.

Imexpharm

Market Cap: ₫8.0t

Manufactures, processes, trades, imports, and exports pharmaceutical products in Vietnam and internationally.

Shanghai Pioneer Holding

Market Cap: HK$2.5b

An investment holding company, engages in marketing, promotion, and channel management of pharmaceutical products and medical devices primarily in the People’s Republic of China.

Sun

Market Cap: MU₨6.6b

Operates in the tourism sector.

Pizu Group Holdings

Market Cap: HK$1.8b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Hangzhou Xili Intelligent TechnologyLtd

Market Cap: CN¥2.3b

Hangzhou Xili Intelligent Technology Co.,Ltd.

Shenzhen Farben Information TechnologyLtd

Market Cap: CN¥10.4b

Shenzhen Farben Information Technology Co.,Ltd.

HeXun Biosciences

Market Cap: NT$3.2b

Engages in the research and development of stem cell and treatments in Taiwan.

YAPP Automotive Systems

Market Cap: CN¥11.5b

Engages in the research and development, manufacturing, and sale and service of energy storage system products and thermal management system products.

Saha-Union

Market Cap: ฿8.5b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

HENGHUI Technology

Market Cap: CN¥13.7b

Engages in the research, development, manufacture, and sale of integrated circuit (IC) card packaging frames and module products primarily in China.

Shenzhen TVT Digital Technology

Market Cap: CN¥4.0b

Shenzhen TVT Digital Technology Co., Ltd.

DYPNFLtd

Market Cap: ₩184.7b

Manufactures and sells powder transport equipment in South Korea, the United States, the Middle East, Southeast Asia, Europe, and internationally.

MKH Berhad

Market Cap: RM 594.3m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

Haitian Water GroupLtd

Market Cap: CN¥4.1b

Provides water and environmental protection services in China.

Cherat Cement

Market Cap: PK₨56.0b

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