Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Oakworth Capital

Market Cap: US$155.9m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

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

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Sugar Terminals

Market Cap: AU$349.2m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

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.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Xinjiang Torch Gas

Market Cap: CN¥2.4b

Operates as a gas service company in China.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺5.1b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Sinopower Semiconductor

Market Cap: NT$3.8b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

Dwi Guna Laksana

Market Cap: Rp2.4t

Engages in the coal mining and trading activities in Indonesia.

Nippon Sharyo

Market Cap: JP¥30.2b

Engages in the manufactures and sale of railway rolling stock, transportation equipment, steel structures, and construction equipment; and engineering and other activities in Japan, the United States, Asia, and internationally.

BIOBIJOULtd

Market Cap: ₩271.4b

Engages in the research, development, manufacturing, and sale of skin booster and filler products in South Korea.

Sinotherapeutics

Market Cap: CN¥4.6b

A specialty pharmaceutical company, develops generic and formulation products in China.

Anji Foodstuff

Market Cap: CN¥2.8b

Engages in the research and development, production, and sale of condiments in China and internationally.

Shenzhen Leaguer

Market Cap: CN¥9.8b

Engages in the design, manufacturing, and service provision of plastic packaging solutions for cosmetics, daily necessities, health products, and food in China and internationally.

MSC

Market Cap: ₩147.0b

Engages in the research and development, production, marketing, and sale of various food additives in South Korea.

CMC

Market Cap: JP¥19.2b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Nestlé Pakistan

Market Cap: PK₨321.5b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Cahaya Aero Services

Market Cap: Rp4.4t

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.

Hangzhou Biotest BiotechLtd

Market Cap: CN¥4.9b

Engages in the research and development, manufacture, sale, and service of in vitro diagnostic assays and reagents, and instruments in China and internationally.

Citra Tubindo

Market Cap: Rp3.9t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

FCE

Market Cap: JP¥15.1b

Through its subsidiaries, engages in the DX promotion, education and training, and publishing businesses in Japan.

VCREDIT Holdings

Market Cap: HK$2.0b

An investment holding company, provides online consumer finance services to borrowers in the People’s Republic of China and Hong Kong.

Xuchang Yuandong Drive ShaftLtd

Market Cap: CN¥5.7b

Engages in the research, development, production, and sale of transmission drive shafts and related components in China and internationally.

Firich Enterprises

Market Cap: NT$7.6b

Engages in the assembly, manufacture, import, and export of business-oriented computers and its peripheral equipment in Taiwan, China, rest of the Asia, Europe, and the United States.

Allmed Medical ProductsLtd

Market Cap: CN¥5.4b

Engages in the manufacture and sale of wound care and nursing material products in China.

Tibet Rhodiola Pharmaceutical Holding

Market Cap: CN¥12.0b

Tibet Rhodiola Pharmaceutical Holding Co.

Co-Tech Development

Market Cap: NT$13.9b

Engages in the production and sale of copper foil for printed circuit board industry in Taiwan and China.

Advancetek EnterpriseLtd

Market Cap: NT$27.5b

Engages in the construction, rental, and sale of residential and commercial buildings in Taiwan.

Kondotec

Market Cap: JP¥37.0b

Engages in the manufacture, procurement, import, sale, wholesale, and export of industrial materials primarily in the retail hardware business in Japan and internationally.