Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

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.

Gulf Insurance Group - Jordan

Market Cap: د.أ91.0m

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

MAPFRE Middlesea

Market Cap: €110.4m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Zambia Sugar

Market Cap: K13.2b

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

Capricorn Group

Market Cap: R11.0b

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

Morris State Bancshares

Market Cap: US$265.7m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

TSTE

Market Cap: ฿5.5b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

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.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Sure Global Tech

Market Cap: ر.س623.5m

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

Monolithisch India

Market Cap: ₹8.8b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Cantabil Retail India

Market Cap: ₹21.9b

Engages in designing, manufacturing, branding, and retailing apparel and apparel accessories in India.

MOBI Industry

Market Cap: ر.س655.0m

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

Vinacomin - Power Holding

Market Cap: ₫8.7t

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.

Mamata Machinery

Market Cap: ₹12.4b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.1t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the United States, the Middle East, 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.

Fortune Mate Indonesia

Market Cap: Rp2.2t

Provides real estate development and construction services in Indonesia.

Baazeem Trading

Market Cap: ر.س583.2m

Operates as a FMCG distribution company.

Hua Na Hydropower

Market Cap: ₫5.8t

Engages in the electricity generation activities.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Sun

Market Cap: MU₨6.8b

Operates in the tourism sector.

S.A.S. Dragon Holdings

Market Cap: HK$3.0b

An investment holding company, provides electronic supply chain services in Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, Macao, and internationally.

Vasa Denticity

Market Cap: ₹9.9b

Trades in dental products in India.

Alembic

Market Cap: ₹28.7b

Engages in real estate business in India and internationally.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.4b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

National Environmental Recycling

Market Cap: ر.س881.6m

National Environmental Recycling Company recycles electronic and electrical equipment in Asia, Middle East, Japan, and Europe.

Najran Cement

Market Cap: ر.س1.4b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

SML Isuzu

Market Cap: ₹52.5b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Hoang Huy Investment Financial Services

Market Cap: ₫17.6t

Engages in the manufacturing, trading, and assembling of motorbikes and cars.

Viet Nam Power Development

Market Cap: ₫2.7t

Engages in the operation and management of hydropower plants.

Cigniti Technologies

Market Cap: ₹44.2b

Provides software testing services worldwide.

Q P Group Holdings

Market Cap: HK$829.9m

An investment holding company, manufactures and trades in paper products in the People’s Republic of China, the United States, Europe, and internationally.