Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Shanghai Pioneer Holding

Market Cap: HK$2.5b

An investment holding company, engages in marketing, promotion, and channel management of pharmaceutical products and medical devices primarily in the People’s Republic of China.

Bakrie & Brothers

Market Cap: Rp4.7t

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

Cita Mineral Investindo

Market Cap: Rp15.8t

Engages in bauxite mining activities in Indonesia.

Sun

Market Cap: MU₨6.6b

Operates in the tourism sector.

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.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Linde Bangladesh

Market Cap: ৳13.7b

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

Padma Oil

Market Cap: ৳18.3b

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

Bank Ganesha

Market Cap: Rp1.9t

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

Fortune Mate Indonesia

Market Cap: Rp2.0t

Provides real estate development and construction services in Indonesia.

Citra Tubindo

Market Cap: Rp6.4t

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

Cahaya Aero Services

Market Cap: Rp4.3t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Bank MNC Internasional

Market Cap: Rp2.2t

Provides various banking products and services in Indonesia.

Surya Citra Media

Market Cap: Rp10.4t

Provides multimedia services in Indonesia.

Yibin City Commercial Bank

Market Cap: HK$11.9b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Dwi Guna Laksana

Market Cap: Rp2.0t

Engages in the coal mining and trading activities in Indonesia.

Jamuna Bank

Market Cap: ৳15.5b

Provides various banking products and services in Bangladesh.

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.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.2t

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

Monolithisch India

Market Cap: ₹9.3b

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

Shangri-La Hotel

Market Cap: ฿5.8b

Operates hotels in Bangkok and Chiang Mai provinces.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Central Cooperative Bank AD

Market Cap: лв219.9m

A commercial bank, provides various financial products and services.

Dekpol

Market Cap: zł610.5m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Transcorp Power

Market Cap: ₦2.4t

Engages in the generation and sale of electric power in Nigeria and internationally.

Reitar Logtech Holdings

Market Cap: US$297.9m

Through its subsidiaries, provides construction management and engineering design services.

Practic

Market Cap: RON 736.5m

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

Payton Industries

Market Cap: ₪533.4m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Acsion

Market Cap: R3.4b

Engages in property holding and development activities in South Africa and internationally.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.3b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Itafos

Market Cap: CA$570.0m

Operates as a phosphate and specialty fertilizer company.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺7.2b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

China SXT Pharmaceuticals

Market Cap: US$193.5m

A pharmaceutical company, engages in the research, development, manufacture, marketing, and sale of traditional Chinese medicine pieces (TCMP) in China.

Purple Group

Market Cap: R2.3b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 312.8b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.