Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Zambia Sugar

Market Cap: K13.2b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Jordanian Duty Free Shops

Market Cap: د.أ154.1m

Invests in, operates, and manages duty-free shops.

Jadranski naftovod d.d

Market Cap: €816.2m

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

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.

Sam Holdings

Market Cap: ₫2.8t

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

PBA Holdings Bhd

Market Cap: RM 662.0m

An investment holding company, operates as a water supplier in Malaysia.

Daphne International Holdings

Market Cap: HK$929.9m

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

Bank MNC Internasional

Market Cap: Rp2.2t

Provides various banking products and services in Indonesia.

Jagsonpal Pharmaceuticals

Market Cap: ₹16.8b

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

Hong Leong Finance

Market Cap: S$1.2b

Operates as a financial services company for consumer, and small and medium-sized enterprises (SMEs) markets in Singapore.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Natural Food International Holding

Market Cap: HK$1.7b

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

Luxchem Corporation Berhad

Market Cap: RM 443.6m

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

Genesys International

Market Cap: ₹26.9b

Provides geographical information services in India and internationally.

National Corporation for Tourism and Hotels

Market Cap: د.إ4.5b

Invests in, owns, and manages hotels and leisure complexes in the United Arab Emirates.

Balaji Telefilms

Market Cap: ₹11.5b

Engages in the entertainment business in India and internationally.

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.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Bajel Projects

Market Cap: ₹29.8b

Engages in the engineering, procurement, and construction business in the power transmission and distribution sectors in India and internationally.

AGI Infra

Market Cap: ₹26.1b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

Cahaya Aero Services

Market Cap: Rp4.3t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Abans Financial Services

Market Cap: ₹11.1b

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

Forth Smart Service

Market Cap: ฿4.8b

Provides prepaid mobile top-up services in Thailand.

VICOM

Market Cap: S$549.6m

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

Credo Brands Marketing

Market Cap: ₹11.2b

Credo Brands Marketing Limited retails men’s casual wear under the MUFTI brand name in India.

Voith Paper Fabrics India

Market Cap: ₹8.8b

Manufactures and trades paper machine clothing for pulp, and paper and paperboard industries in India and internationally.

TCPL Packaging

Market Cap: ₹34.8b

Manufactures and sells paperboard-based packaging materials and flexible packaging products in India.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك185.5m

Engages in insurance and reinsurance operations in Kuwait.

Om Infra

Market Cap: ₹12.4b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.

Vinacomin - Power Holding

Market Cap: ₫8.5t

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.

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.

Surya Citra Media

Market Cap: Rp10.9t

Provides multimedia services in Indonesia.

Knowledge Marine & Engineering Works

Market Cap: ₹19.6b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.