Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Y.D. More Investments

Market Cap: ₪1.6b

A privately owned Investment Manager.

Payton Industries

Market Cap: ₪501.7m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Formula Systems (1985)

Market Cap: ₪5.9b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Amir Marketing and Investments in Agriculture

Market Cap: ₪410.2m

Supplies and markets agricultural inputs in Israel.

C. Mer Industries

Market Cap: ₪357.9m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

First Investment Bank AD

Market Cap: лв757.4m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Hayleys

Market Cap: LK₨122.6b

Operates in the manufacturing, agriculture, and services sectors worldwide.

Hangzhou Xili Intelligent TechnologyLtd

Market Cap: CN¥2.1b

Hangzhou Xili Intelligent Technology Co.,Ltd.

Powertip Image

Market Cap: NT$5.4b

Manufactures and sells electronic components and optical instruments in Mainland China, Taiwan, and internationally.

Tibet Development

Market Cap: CN¥2.3b

Engages in the production and sale of beer in China.

JHT DesignLtd

Market Cap: CN¥4.4b

Engages in research, development, production, and sale of semiconductor chip testing equipment in China.

Savior Lifetec

Market Cap: NT$6.9b

A specialty injectable company, develops, produces, and supplies sterile active pharmaceutical ingredients and finished dosage formulations.

Gallant Precision Machining

Market Cap: NT$12.0b

Engages in the research and development, production, manufacture, and sale of flat panel display testing, semiconductor assembly, and intelligent automation equipment in Taiwan, China, and internationally.

Rimoni Industries

Market Cap: ₪418.1m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Aura Investments

Market Cap: ₪5.1b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Anpec Electronics

Market Cap: NT$11.9b

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

Brillian Network & Automation Integrated System

Market Cap: NT$8.2b

Brillian Network & Automation Integrated System Co.

Uniplus Electronics

Market Cap: NT$5.2b

Engages in the research and development, manufacture, processing, and trading of printed circuit boards in Taiwan.

Mendelson Infrastructures & Industries

Market Cap: ₪591.9m

Mendelson Infrastructures & Industries Ltd.

AIC

Market Cap: NT$13.8b

Provides OEM/ODM, commercial off-the-shelf, and server and storage solutions in the United States, Asia, and Europe.

Top Union Electronics

Market Cap: NT$5.0b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Guangdong Delian Group

Market Cap: CN¥3.9b

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

Sinotherapeutics

Market Cap: CN¥4.8b

A specialty pharmaceutical company, develops generic and formulation products in China.

Tait Marketing & Distribution

Market Cap: NT$4.4b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Sinopower Semiconductor

Market Cap: NT$3.8b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

Ampire

Market Cap: NT$3.6b

Manufactures and sells liquid crystal display (LCD) modules for industrial applications in the Oceania, Taiwan, Asia, Africa, the Americas, and Europe.

Famous Brands

Market Cap: R6.4b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, Middle East, and Rest of Africa.

Mechema Chemicals International

Market Cap: NT$4.6b

Manufactures, imports, exports, and sells of cobalt and manganese and its compounds in Taiwan, China, Korea, Thailand, Malaysia, Indonesia, and internationally.

Central Finance

Market Cap: LK₨53.9b

Provides various financial solutions primarily in Sri Lanka.

Donpon Precision

Market Cap: NT$3.5b

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

SALUS Ljubljana d. d

Market Cap: €374.8m

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

Maistra d.d

Market Cap: €525.3m

Engages in the hotel business in Croatia.

CHT Security

Market Cap: NT$11.9b

Provides cybersecurity services.