Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Daphne International Holdings

Market Cap: HK$959.6m

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

Changchai Company

Market Cap: CN¥3.5b

Produces and sells small and medium-sized single cylinder and multi-cylinder diesel engines under the Changchai brand in the People’s Republic of China and internationally.

SEMCNS

Market Cap: ₩336.3b

SEMCNS Co., Ltd provides ceramic substrates for probe cards.

Oriental Precision & EngineeringLtd

Market Cap: ₩557.5b

Oriental Precision & Engineering Co.,Ltd.

Sinotherapeutics

Market Cap: CN¥5.0b

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

Tsubakimoto Kogyo

Market Cap: JP¥53.9b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

Ryoyu Systems

Market Cap: JP¥44.6b

Provides information technology (IT) solutions for various industries in Japan.

Xuchang Yuandong Drive ShaftLtd

Market Cap: CN¥5.9b

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

Hui Lyu Ecological Technology GroupsLtd

Market Cap: CN¥13.5b

Hui Lyu Ecological Technology Groups Co.,Ltd.

Tibet TourismLtd

Market Cap: CN¥4.8b

Engages in the tourism, attractions, services, and commerce business in China.

CAC Holdings

Market Cap: JP¥36.2b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

Nice

Market Cap: JP¥22.8b

Imports, distributes, and sells building materials for housing in Japan and internationally.

AlpenLtd

Market Cap: JP¥91.8b

Engages in the development and sale of sporting products in Japan.

Top Union Electronics

Market Cap: NT$4.7b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Lion Rock Group

Market Cap: HK$1.0b

An investment holding company, provides printing services to international book publishers, trade, professional, and educational publishing conglomerates, as well as print media companies.

Ningbo Kangqiang Electronics

Market Cap: CN¥6.2b

Manufactures and sells semiconductor packaging materials in China.

Kondotec

Market Cap: JP¥43.0b

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

Guangdong Brandmax MarketingLtd

Market Cap: CN¥5.3b

Provides technology-driven new scene experience marketing services in China and internationally.

BIOBIJOULtd

Market Cap: ₩253.5b

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

KinjiroLtd

Market Cap: JP¥25.4b

Provides human resource management (HRM) solution services.

Genesys International

Market Cap: ₹24.1b

Provides geographical information services in India and internationally.

Ningbo Henghe Precision IndustryLtd

Market Cap: CN¥10.0b

Ningbo Henghe Precision Industry Co.,Ltd.

Anhui Guqi Down & Feather Textile

Market Cap: CN¥5.2b

Engages in the research and development, production, and sale of goose and duck down products for use in clothing and bedding applications.

Forth Smart Service

Market Cap: ฿5.5b

Provides prepaid mobile top-up services in Thailand.

Zhejiang Yilida VentilatorLtd

Market Cap: CN¥3.8b

Engages in the manufacture and sales of central air conditioner and building fans in China and internationally.

WuHu Foresight TechnologyLtd

Market Cap: CN¥7.3b

Engages in the research and development, manufacture, and sale of automotive interior parts in China.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹81.0b

Produces and sells fertilizers and chemicals in India.

Guangdong Goworld

Market Cap: CN¥7.4b

Provides electronic components and ultrasonic electronic instruments in China.

Wholetech System Hitech

Market Cap: NT$10.0b

Provides system integration services in Taiwan, China, and Singapore.

Poly Plastic Masterbatch (SuZhou)Ltd

Market Cap: CN¥6.5b

Engages in the research and development, production, and sale of chemical fiber solution colorings and advanced functional modified materials in China and internationally.

Fengyinhe Holdings

Market Cap: HK$1.5b

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

Pizu Group Holdings

Market Cap: HK$2.1b

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

Shenzhen Leaguer

Market Cap: CN¥11.0b

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

VICOM

Market Cap: S$581.5m

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

HG Metal Manufacturing

Market Cap: S$155.2m

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