Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Shangri-La Hotel

Market Cap: ฿6.4b

Operates hotels in Bangkok and Chiang Mai provinces.

Practic

Market Cap: RON 736.5m

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

Jadranski naftovod d.d

Market Cap: €846.4m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Maistra d.d

Market Cap: €601.9m

Engages in the hotel business in Croatia.

Sugar Terminals

Market Cap: AU$360.0m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

Potasios de Chile

Market Cap: CL$488.3b

Engages in investment in shares and other financial instruments in Chile.

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.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

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.

Zambia Sugar

Market Cap: K13.2b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Capricorn Group

Market Cap: R11.0b

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

CMC

Market Cap: JP¥19.9b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

Maezawa Kasei Industries

Market Cap: JP¥29.1b

Produces and sells water and sewerage related products, and environmental equipment.

Champion Building MaterialsLtd

Market Cap: NT$3.9b

Champion Building Materials Co., Ltd., together with its subsidiaries, manufactures and markets ceramics, ceramic products, stone products, fire-resistant materials, and other chemical products.

Neosem

Market Cap: ₩372.3b

Manufactures and sells semiconductor inspection equipment.

MOBI Industry

Market Cap: ر.س650.0m

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

Alltek Technology

Market Cap: NT$8.5b

Operates as a communication components distributor and solution provider in Taiwan, China, and internationally.

Saint-Gobain Sekurit India

Market Cap: ₹9.8b

Manufactures and sells laminated and tempered automotive glass in India.

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.

Taiyo KagakuLtd

Market Cap: JP¥32.6b

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

Sure Global Tech

Market Cap: ر.س614.5m

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

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.9b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك183.2m

Engages in insurance and reinsurance operations in Kuwait.

Kyungdong Invest

Market Cap: ₩139.5b

Primarily engages in the supply of city gas in South Korea.

Ryoyu Systems

Market Cap: JP¥42.3b

Provides information technology (IT) solutions for various industries in Japan.

Advancetek EnterpriseLtd

Market Cap: NT$26.5b

Engages in the construction, rental, and sale of residential and commercial buildings in Taiwan.

Anpec Electronics

Market Cap: NT$13.2b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Concord Enviro Systems

Market Cap: ₹13.2b

Engages in the design, manufacture, installation, operation, and maintenance of industrial water and wastewater treatment, and reuse and zero liquid discharge systems and plants.

Renxin New MaterialLtd

Market Cap: CN¥2.8b

Engages in the research and development, production, and sale of polystyrene polymer materials in China.

Goldiam International

Market Cap: ₹35.8b

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

Oswal Greentech

Market Cap: ₹11.2b

Develops real estate projects in India.