Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Pizu Group Holdings

Market Cap: HK$5.8b

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

KFM Kingdom Holdings

Market Cap: HK$1.9b

An investment holding company, manufactures and sells precision metal stamping products in the People’s Republic of China, South East Asia, Hong Kong, North America, Europe, and internationally.

Krishana Phoschem

Market Cap: ₹30.2b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

Maharashtra Seamless

Market Cap: ₹75.6b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Standard Chartered Bank Kenya

Market Cap: KSh125.6b

Provides various banking products and services for individuals and businesses.

Mamata Machinery

Market Cap: ₹9.5b

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

Hua Na Hydropower

Market Cap: ₫5.3t

Engages in the investment, production, and trading of electricity in Vietnam.

TechNVision Ventures

Market Cap: ₹39.4b

Provides information technology products and services in India and internationally.

JB Foods

Market Cap: S$235.6m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

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.

GOCL

Market Cap: ₹12.0b

Engages in the electronics manufacturing services and the realty businesses in India and internationally.

AIICO Insurance

Market Cap: ₦154.8b

Provides risk underwriting and related financial services in Nigeria.

Wema Bank

Market Cap: ₦1.1t

Provides banking and other financial services to corporate and individual customers in Nigeria.

Seef Properties B.S.C

Market Cap: ب.د53.8m

Engages in the real estate development business in the Kingdom of Bahrain.

Fauji Foods

Market Cap: PK₨38.1b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

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

Market Cap: د.ك43.8m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك347.8m

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.

Tait Marketing & Distribution

Market Cap: NT$3.7b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Monarch Networth Capital

Market Cap: ₹21.4b

Provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India.

Abans Financial Services

Market Cap: ₹10.2b

Operates as a non-banking finance company in India and internationally.

Fengyinhe Holdings

Market Cap: HK$2.7b

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

DAM Capital Advisors

Market Cap: ₹9.3b

Provides investment banking services.

Sakar Healthcare

Market Cap: ₹12.0b

Research, develops, manufactures, and sells pharmaceutical products in India.

Thai Steel Cable

Market Cap: ฿3.7b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

China Bohai Bank

Market Cap: HK$15.5b

Provides various personal and corporate banking products and services in the People’s Republic of China.

Hind Rectifiers

Market Cap: ₹26.2b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

Nigerian Aviation Handling

Market Cap: ₦342.3b

Provides aircraft and cargo handling, passenger handling, passenger profiling, and crew transportation services in Nigeria.

Renaissance Global

Market Cap: ₹11.0b

Manufactures, retails, and trades in jewelry, gems, and diamonds in India and internationally.

Nestlé Pakistan

Market Cap: PK₨358.2b

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

Timex Group India

Market Cap: ₹29.1b

Engages in designing, manufacturing, and trading of watches in India and internationally.

Ha Giang Mineral Mechanics

Market Cap: ₫2.7t

Explores, extracts, and process mineral ores, rare ores, metals, and non-ferrous metal ores in Vietnam and internationally.

Hoang Huy Investment Financial Services

Market Cap: ₫13.1t

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

TSTE

Market Cap: ฿4.0b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Vidhi Specialty Food Ingredients

Market Cap: ₹13.9b

Engages in the manufacture and trading of synthetic food colors.

YuanShengTai Dairy Farm

Market Cap: HK$1.7b

A dairy farming company, engages in the production and sale of raw cow milk in the People’s Republic of China.