Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.7b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Practic

Market Cap: RON 736.5m

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

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

Padma Oil

Market Cap: ৳19.1b

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

Linde Bangladesh

Market Cap: ৳14.2b

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

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Voltamp Energy SAOG

Market Cap: ر.ع77.2m

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

Bank Ganesha

Market Cap: Rp2.5t

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

Citra Tubindo

Market Cap: Rp4.1t

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

Danang Port

Market Cap: ₫3.1t

Offers port services in Vietnam.

Bank MNC Internasional

Market Cap: Rp2.6t

Provides various banking products and services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥35.9b

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

Yibin City Commercial Bank

Market Cap: HK$12.0b

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

Surya Toto Indonesia

Market Cap: Rp2.7t

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

Cisadane Sawit Raya

Market Cap: Rp1.7t

Engages in the oil palm plantation business in Indonesia and internationally.

Jadranski naftovod d.d

Market Cap: €796.0m

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

Morris State Bancshares

Market Cap: US$237.0m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Jordanian Duty Free Shops

Market Cap: د.أ146.5m

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

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services in Indonesia.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Najran Cement

Market Cap: ر.س1.3b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Qassim Cement

Market Cap: ر.س4.5b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Baazeem Trading

Market Cap: ر.س549.8m

Operates as a FMCG distribution company.

Sun

Market Cap: MU₨7.4b

Operates in the tourism sector.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

National Credit and Commerce Bank

Market Cap: ৳13.2b

Provides various commercial banking products and services in Bangladesh.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ683.1m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Cahaya Aero Services

Market Cap: Rp5.4t

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

Vinacomin - Power Holding

Market Cap: ₫8.2t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

MOBI Industry

Market Cap: ر.س577.5m

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

SALUS Ljubljana d. d

Market Cap: €439.7m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Cita Mineral Investindo

Market Cap: Rp16.3t

Engages in bauxite mining activities in Indonesia.

Pakistan National Shipping

Market Cap: PK₨81.5b

Engages in the shipping business worldwide.