Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

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.

MAPFRE Middlesea

Market Cap: €110.4m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Gulf Insurance Group - Jordan

Market Cap: د.أ91.0m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Capricorn Group

Market Cap: R11.0b

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

Standard Bank

Market Cap: MK 563.9b

Provides banking and other related services in Malawi.

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.

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.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

TSTE

Market Cap: ฿5.5b

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

Hunan Investment GroupLtd

Market Cap: CN¥2.8b

Engages in the construction and operation of highways, bridges, and various urban infrastructures in China.

S.A.S. Dragon Holdings

Market Cap: HK$3.0b

An investment holding company, provides electronic supply chain services in Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, Macao, and internationally.

Hua Na Hydropower

Market Cap: ₫5.8t

Engages in the electricity generation activities.

Baazeem Trading

Market Cap: ر.س583.2m

Operates as a FMCG distribution company.

Pacific Construction

Market Cap: NT$3.5b

Engages in the construction business in Taiwan and Malaysia.

Vasa Denticity

Market Cap: ₹9.9b

Trades in dental products in India.

Subaru Enterprise

Market Cap: JP¥38.8b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

Shandong Sacred Sun Power SourcesLtd

Market Cap: CN¥6.3b

Provides green energy solutions worldwide.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

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

Sunway

Market Cap: CN¥4.8b

Engages in the research and development, production, sale, and service of cable products in China.

Donpon Precision

Market Cap: NT$3.7b

Researches, develops, manufactures, and sells automotive electronic products and plastic precision components in Taiwan and Mainland China.

Mamata Machinery

Market Cap: ₹12.4b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Center International GroupLtd

Market Cap: CN¥5.7b

Provides building metal enclosure systems solutions in China.

Firich Enterprises

Market Cap: NT$7.6b

Engages in the assembly, manufacture, import, and export of business-oriented computers and its peripheral equipment in Taiwan, China, rest of the Asia, Europe, and the United States.

Indofood Agri Resources

Market Cap: S$509.5m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

Qingmu Tec

Market Cap: CN¥4.9b

Provides brand retail solutions.

Techshine ElectronicsLtd

Market Cap: CN¥5.0b

Engages in the research and development, design, production, and sale of LCD liquid crystal displays, LCM black and white modules, and TFT color screen modules in China.

Shenzhen Coship Electronics

Market Cap: CN¥8.4b

Engages in the manufacture and sale of smart home products and services worldwide.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.1t

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

Araya Industrial

Market Cap: JP¥23.9b

Manufactures and sells steel products in Japan and internationally.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.6b

Provides smart wearables and mobile medical care products in China and internationally.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك402.0m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Mitake Information

Market Cap: NT$3.2b

Provides mobile financial information trading platform in Taiwan.

Sun

Market Cap: MU₨6.8b

Operates in the tourism sector.

FALCO HOLDINGS

Market Cap: JP¥23.8b

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