Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Cita Mineral Investindo

Market Cap: Rp15.8t

Engages in bauxite mining activities in Indonesia.

Toho Bank

Market Cap: JP¥100.6b

Provides various banking products and services in Japan.

Brillian Network & Automation Integrated System

Market Cap: NT$10.7b

Brillian Network & Automation Integrated System Co.

Guangdong Delian Group

Market Cap: CN¥4.0b

Engages in the automobile fine chemicals, automobile sales service, and automobile repair and maintenance businesses, and development of new application scenarios in China.

Wison Engineering Services

Market Cap: HK$1.6b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Envipro Holdings

Market Cap: JP¥15.3b

Through its subsidiaries, engages in the resource circulation, global trading, and lithium-ion batteries recycling businesses in Japan and internationally.

Toukei Computer

Market Cap: JP¥74.5b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

System ResearchLtd

Market Cap: JP¥35.4b

Offers software development services in Japan.

Cherat Cement

Market Cap: PK₨61.4b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Zhejiang Wanfeng ChemicalLtd

Market Cap: CN¥2.3b

Engages in the research, development, production, and sale of disperse dyes and filter cakes in China and internationally.

GDEP ADVANCEInc

Market Cap: JP¥18.4b

Engages in the system incubation business in Japan.

Nestlé Pakistan

Market Cap: PK₨392.5b

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

Billion Industrial Holdings

Market Cap: HK$9.3b

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.

Tokyo Tekko

Market Cap: JP¥49.1b

Engages in the manufacture and sale of steel bars and processed steel bar products for the construction industry in Japan.

Shanghai SK Automation TechnologyLtd

Market Cap: CN¥7.0b

Engages in the research, development, production, and sale of intelligent manufacturing equipment for new energy vehicles and fuel vehicles.

Wholetech System Hitech

Market Cap: NT$9.1b

Provides system integration services in Taiwan, China, and Singapore.

Shanghai Haixin Group

Market Cap: CN¥6.2b

Engages in the pharmaceutical, textile and clothing, and finance businesses.

Techno Ryowa

Market Cap: JP¥103.4b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Ve Wong

Market Cap: NT$9.5b

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

ITOCHU-SHOKUHIN

Market Cap: JP¥130.3b

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

Lemtech Holdings

Market Cap: NT$5.3b

Research, develops, produces, and sells precision metal dies and metal stampings in Asia, the Americas, and Europe.

Wan Hwa Enterprise

Market Cap: NT$5.1b

Engages in the rental of commercial buildings in Taiwan.

AOKI Holdings

Market Cap: JP¥148.0b

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

Lumax International

Market Cap: NT$10.4b

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

Huang Hsiang Construction

Market Cap: NT$13.4b

Engages in development of residential and commercial properties.

Cresco

Market Cap: JP¥67.7b

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

Kyoritsu Electric

Market Cap: JP¥19.8b

Provides various systems, testing and measuring instruments, etc.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.7b

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

Pakistan National Shipping

Market Cap: PK₨81.2b

Engages in the shipping business worldwide.

Sinomag Technology

Market Cap: CN¥7.0b

Engages in the research and development, production, and sale of permanent ferrite magnets and soft magnetic cores and components worldwide.

Bank Ganesha

Market Cap: Rp2.3t

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

104

Market Cap: NT$7.6b

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

Unitech Computer

Market Cap: NT$6.8b

Engages in the information technology product channel business in Asia, America, Europe, and Oceania.

Chudenko

Market Cap: JP¥204.7b

Operates as an equipment engineering company in Japan.

FALCO HOLDINGS

Market Cap: JP¥24.1b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.