Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Gulf Insurance Group - Jordan

Market Cap: د.أ92.0m

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

La Positiva Seguros y Reaseguros

Market Cap: S/417.4m

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

Compañía Electro Metalúrgica

Market Cap: CL$350.4b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

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.

Hermes Transportes Blindados

Market Cap: S/690.1m

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

JinXianDai Information IndustryLtd

Market Cap: CN¥5.7b

Provides industry digital solutions for power, rail transit, and petrochemical companies in China.

Kanro

Market Cap: JP¥85.9b

Manufactures and sells confectionery and food products in Japan.

Minmetals Development

Market Cap: CN¥10.5b

Engages in resource trading, metal trading, and supply chain services in China and internationally.

Indofood Agri Resources

Market Cap: S$509.5m

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

Practic

Market Cap: RON 736.5m

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

104

Market Cap: NT$7.4b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

Lumax International

Market Cap: NT$10.8b

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

Wuxi Huadong Heavy Machinery

Market Cap: CN¥9.5b

Manufactures and sells container handling equipment and intelligent CNC machine tools in the People's Republic of China.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥4.1b

Engages in the material transmission, warehousing, logistics, and sorting systems in industrial production in China.

Zhejiang Jinghua Laser TechnologyLtd

Market Cap: CN¥5.2b

Develops, manufactures, and sells laser holographic molded products.

Zhejiang Chinastars New Materials Group

Market Cap: CN¥3.9b

Zhejiang Chinastars New Materials Group Co., Ltd.

Jiangsu Lianfa TextileLtd

Market Cap: CN¥3.4b

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

Jinsanjiang (Zhaoqing) Silicon Material

Market Cap: CN¥2.7b

Engages in the research and development, production, and sale of precipitated silica.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.7b

Operates as a chemical raw material manufacturing company in China and internationally.

Vinacomin - Power Holding

Market Cap: ₫8.4t

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.

Sure Global Tech

Market Cap: ر.س525.9m

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

Manyo Factory

Market Cap: ₩271.7b

Produces and sells skin care products in South Korea.

AzureWave Technologies

Market Cap: NT$14.9b

Engages in the manufacture and sale of wireless connectivity and image processing solutions worldwide.

FALCO HOLDINGS

Market Cap: JP¥24.6b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

TI Cloud

Market Cap: HK$798.4m

Provides cloud-native customer contact solutions that enables enterprises to engage in multi-channel customer interactions in the People's Republic of China and Hong Kong.

Fengyinhe Holdings

Market Cap: HK$1.4b

An investment holding company, provides various financial services to real estate market in the People’s Republic of China.

Danang Port

Market Cap: ₫3.2t

Offers port services in Vietnam.

Nippon Care Supply

Market Cap: JP¥33.8b

Engages in the rental and wholesale of welfare equipment in Japan.

CHANGE HoldingsInc

Market Cap: JP¥83.1b

Provides IT human resources development training services in Japan.

Hearts and Minds Investments

Market Cap: AU$764.8m

n/a

Lee's Pharmaceutical Holdings

Market Cap: HK$1.1b

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

Daphne International Holdings

Market Cap: HK$989.3m

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

Capricorn Group

Market Cap: R11.2b

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