Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Citra Tubindo

Market Cap: Rp6.6t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Jamuna Bank

Market Cap: ৳18.2b

Provides various banking products and services in Bangladesh.

Cahaya Aero Services

Market Cap: Rp4.4t

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

Rimoni Industries

Market Cap: ₪484.0m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Linde Bangladesh

Market Cap: ৳14.7b

Manufactures and supplies industrial and medical gases, anesthesia, and ancillary equipment in Bangladesh.

National Credit and Commerce Bank

Market Cap: ৳13.3b

Provides various commercial banking products and services in Bangladesh.

Padma Oil

Market Cap: ৳19.8b

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

Amir Marketing and Investments in Agriculture

Market Cap: ₪425.7m

Supplies and markets agricultural inputs in Israel.

C. Mer Industries

Market Cap: ₪402.0m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Voltamp Energy SAOG

Market Cap: ر.ع76.8m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Saha-Union

Market Cap: ฿8.5b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Forth Smart Service

Market Cap: ฿4.7b

Provides prepaid mobile top-up services in Thailand.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Mendelson Infrastructures & Industries

Market Cap: ₪695.3m

Mendelson Infrastructures & Industries Ltd.

Terminal X Online

Market Cap: ₪657.9m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Fortune Mate Indonesia

Market Cap: Rp2.2t

Provides real estate development and construction services in Indonesia.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.4b

A publicly owned investment manager.

Taiyo KagakuLtd

Market Cap: JP¥32.5b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م13.1b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Formula Systems (1985)

Market Cap: ₪6.3b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Bakrie & Brothers

Market Cap: Rp4.5t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

Billion Industrial Holdings

Market Cap: HK$9.5b

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.

Thai Steel Cable

Market Cap: ฿3.4b

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

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Lampsa Hellenic Hotels

Market Cap: €854.6m

Operates and manages hotels in Greece, Cyprus, and Serbia.

MCH Group

Market Cap: CHF 116.6m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

Alumil Aluminium Industry

Market Cap: €162.1m

Engages in the design and production of architectural aluminum systems in Greece and internationally.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺29.4b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Pure Cycle

Market Cap: US$243.6m

Provides wholesale water and wastewater services in the United States.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺17.4b

Provides software development services to public and private organizations in Turkey.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺7.4b

Operates as a guardrail supplier company in Turkey.

Eurofins-Cerep

Market Cap: €90.8m

Provides various drug discovery services to pharmaceutical, biopharmaceutical, and biotechnology companies France and internationally.