Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$30.3b

Operates convenience stores and restaurants in Mexico, Central America, and Chile.

Practic

Market Cap: RON 712.8m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Cahaya Aero Services

Market Cap: Rp5.9t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

GTS Internasional

Market Cap: Rp2.0t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Billion Industrial Holdings

Market Cap: HK$10.1b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Standard Chartered Bank Kenya

Market Cap: KSh117.5b

Provides various banking products and services for individuals and businesses.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك187.9m

Engages in insurance and reinsurance operations in Kuwait.

Al-Enma'a Real Estate Company K.S.C.P

Market Cap: د.ك32.1m

Engages in the contracting, management, and maintenance of real estate in Kuwait and the Gulf Countries.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك47.6m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

TSTE

Market Cap: ฿4.0b

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

Tai Sin Electric

Market Cap: S$301.5m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Mulpha International Bhd

Market Cap: RM 918.5m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Ibrahim Fibres

Market Cap: PK₨82.4b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan, Singapore, and Switzerland.

Bank Ganesha

Market Cap: Rp2.6t

Provides various general banking products and services for individuals and businesses in Indonesia.

VICOM

Market Cap: S$567.3m

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

Qassim Cement

Market Cap: ر.س4.6b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

MKH Berhad

Market Cap: RM 611.5m

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.

Baazeem Trading

Market Cap: ر.س674.3m

Operates as a FMCG distribution company.

Cairo Amman Bank

Market Cap: د.أ288.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Banyan Tree Holdings

Market Cap: S$537.5m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك81.1m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك389.3m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

National Investments Company K.S.C.P

Market Cap: د.ك253.5m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

Padma Oil

Market Cap: ৳19.2b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Surya Citra Media

Market Cap: Rp23.1t

Provides multimedia services in Indonesia.

Aesler Grup Internasional

Market Cap: Rp4.2t

Provides architectural and construction management services in Indonesia.

National General Insurance (P.J.S.C.)

Market Cap: د.إ976.5m

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Sure Global Tech

Market Cap: ر.س458.8m

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

Surya Toto Indonesia

Market Cap: Rp3.0t

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

Cisadane Sawit Raya

Market Cap: Rp1.7t

Engages in the oil palm plantation business in Indonesia and internationally.

MOBI Industry

Market Cap: ر.س606.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Top Union Electronics

Market Cap: NT$4.5b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.