Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

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

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Jordanian Duty Free Shops

Market Cap: د.أ154.1m

Invests in, operates, and manages duty-free shops.

Jadranski naftovod d.d

Market Cap: €816.2m

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

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.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Bank MNC Internasional

Market Cap: Rp2.2t

Provides various banking products and services in Indonesia.

Jagsonpal Pharmaceuticals

Market Cap: ₹16.8b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Genesys International

Market Cap: ₹26.9b

Provides geographical information services in India and internationally.

National Corporation for Tourism and Hotels

Market Cap: د.إ4.5b

Invests in, owns, and manages hotels and leisure complexes in the United Arab Emirates.

Balaji Telefilms

Market Cap: ₹11.5b

Engages in the entertainment business in India and internationally.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Bajel Projects

Market Cap: ₹29.8b

Engages in the engineering, procurement, and construction business in the power transmission and distribution sectors in India and internationally.

AGI Infra

Market Cap: ₹26.1b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

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.

Abans Financial Services

Market Cap: ₹11.1b

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

Forth Smart Service

Market Cap: ฿4.8b

Provides prepaid mobile top-up services in Thailand.

Credo Brands Marketing

Market Cap: ₹11.2b

Credo Brands Marketing Limited retails men’s casual wear under the MUFTI brand name in India.

Voith Paper Fabrics India

Market Cap: ₹8.8b

Manufactures and trades paper machine clothing for pulp, and paper and paperboard industries in India and internationally.

TCPL Packaging

Market Cap: ₹34.8b

Manufactures and sells paperboard-based packaging materials and flexible packaging products in India.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك185.5m

Engages in insurance and reinsurance operations in Kuwait.

Om Infra

Market Cap: ₹12.4b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.

Surya Citra Media

Market Cap: Rp10.9t

Provides multimedia services in Indonesia.

Knowledge Marine & Engineering Works

Market Cap: ₹19.6b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Bengal & Assam

Market Cap: ₹94.7b

Operates as an investment company in India and internationally.

Cantabil Retail India

Market Cap: ₹24.0b

Engages in designing, manufacturing, branding, and retailing apparel and apparel accessories in India.

Cigniti Technologies

Market Cap: ₹48.1b

Provides software testing services worldwide.

Shree Pushkar Chemicals & Fertilisers

Market Cap: ₹11.8b

Manufactures and trades in chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners in India.

SML Isuzu

Market Cap: ₹48.3b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Gallantt Ispat

Market Cap: ₹142.6b

Engages in manufacture and sale of iron and steel products in India.

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

Market Cap: د.ك40.2m

A private equity firm specializing in direct and fund investments.

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.