Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Zona Franca de Iquique

Market Cap: CL$209.2b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł901.5m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Central Cooperative Bank AD

Market Cap: лв217.4m

A commercial bank, provides various financial products and services.

Preformed Line Products

Market Cap: US$760.1m

Designs and manufactures products and systems that are used in the construction and maintenance of overhead, ground-mounted, and underground networks for the energy, telecommunication, cable, data communication, and other industries.

Decora

Market Cap: zł727.7m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

SML Isuzu

Market Cap: ₹50.2b

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

Kinpo Electronics

Market Cap: NT$27.7b

Designs, manufactures, and sells consumer electronics, web-based communications, computer peripherals, and storage products in Taiwan, rest of Asia, the Americas, and internationally.

Cigniti Technologies

Market Cap: ₹43.9b

Provides software testing services worldwide.

Zhubo Design

Market Cap: CN¥2.9b

Engages in architectural design and consulting services in China.

GakkyushaLtd

Market Cap: JP¥25.5b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

Mr Max Holdings

Market Cap: JP¥30.3b

Operates discount stores in Japan.

Jih Lin Technology

Market Cap: NT$4.7b

Manufactures and sells lead frames and tooling products in Taiwan, China, and internationally.

Orient Pharma

Market Cap: NT$7.7b

Engages in the research and development, manufacturing, and sales of drugs in Taiwan and internationally.

ITCENGLOBAL

Market Cap: ₩377.3b

Provides consulting, ICT, and outsourcing services and solutions in South Korea.

Billion Industrial Holdings

Market Cap: HK$9.4b

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.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

ISE Chemicals

Market Cap: JP¥138.2b

Engages in the iodine and natural gas, and metallic compound businesses in Japan.

AOKI Holdings

Market Cap: JP¥146.8b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.

Tibet TourismLtd

Market Cap: CN¥6.3b

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

PC Jeweller

Market Cap: ₹98.7b

Manufactures, sells, and trades in gold, diamond, silver, precious stone, and gold and diamond studded jewelry in India.

ITOCHU-SHOKUHIN

Market Cap: JP¥130.4b

Engages in the wholesale of food products and alcoholic beverages in Japan.

Lee's Pharmaceutical Holdings

Market Cap: HK$1.0b

An investment holding company, develops, manufactures, markets, and sells pharmaceutical products in the People's Republic of China, Hong Kong, and internationally.

Qingdao Daneng Environmental Protection Equipment

Market Cap: CN¥3.4b

Qingdao Daneng Environmental Protection Equipment Co., Ltd.

Hui Lyu Ecological Technology GroupsLtd

Market Cap: CN¥10.4b

Hui Lyu Ecological Technology Groups Co.,Ltd.

Lumax International

Market Cap: NT$9.3b

Provides electronic components and program-controlled instruments in Taiwan and China.

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.

PAN Group

Market Cap: ₫7.2t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Dong Fang Offshore

Market Cap: NT$40.4b

Offers vessel solutions for offshore wind projects, which include guard, MMO, CTV, HDD, transportation, berth, and cargo transfer services.

Cresco

Market Cap: JP¥71.5b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

SALUS Ljubljana d. d

Market Cap: €335.3m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.7b

Operates as a chemical raw material manufacturing company in China and internationally.

104

Market Cap: NT$7.4b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

Oswal Greentech

Market Cap: ₹10.7b

Develops real estate projects in India.

Ve Wong

Market Cap: NT$9.6b

Produces and distributes foods, drinks, and seasonings in Taiwan, Thailand, and Vietnam.