Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

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

Oakworth Capital

Market Cap: US$155.9m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Sugar Terminals

Market Cap: AU$349.2m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

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

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile 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.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺7.4b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Zhejiang Chinastars New Materials Group

Market Cap: CN¥3.4b

Zhejiang Chinastars New Materials Group Co., Ltd.

Central Finance

Market Cap: LK₨53.1b

Provides various financial solutions primarily in Sri Lanka.

Nippon Sharyo

Market Cap: JP¥30.2b

Engages in the manufactures and sale of railway rolling stock, transportation equipment, steel structures, and construction equipment; and engineering and other activities in Japan, the United States, Asia, and internationally.

MSC

Market Cap: ₩147.0b

Engages in the research and development, production, marketing, and sale of various food additives in South Korea.

BIOBIJOULtd

Market Cap: ₩271.4b

Engages in the research, development, manufacturing, and sale of skin booster and filler products in South Korea.

Sinotherapeutics

Market Cap: CN¥4.6b

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

CMC

Market Cap: JP¥19.2b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Dwi Guna Laksana

Market Cap: Rp2.4t

Engages in the coal mining and trading activities in Indonesia.

VCREDIT Holdings

Market Cap: HK$2.0b

An investment holding company, provides online consumer finance services to borrowers in the People’s Republic of China and Hong Kong.

FCE

Market Cap: JP¥15.1b

Through its subsidiaries, engages in the DX promotion, education and training, and publishing businesses in Japan.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥1.9b

Engages in the material transmission, warehousing, logistics, and sorting systems in industrial production in China.

Kondotec

Market Cap: JP¥37.0b

Engages in the manufacture, procurement, import, sale, wholesale, and export of industrial materials primarily in the retail hardware business in Japan and internationally.

Network People Services Technologies

Market Cap: ₹41.7b

Develops payments infrastructure for banks, payment aggregators, and merchants in India.

Shenzhen iN-Cube Automation

Market Cap: CN¥3.9b

Engages in the research and development, manufacture, and sale of industrial automation equipment, automation equipment accessories and related technical services in China and internationally.

Shandong Longquan Pipe IndustryLtd

Market Cap: CN¥2.5b

Engages in the production, sale, installation, and service of prestressed concrete cylinder pipes and metal pipe fittings in China.

Vinacomin - Power Holding

Market Cap: ₫8.8t

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.

Neosem

Market Cap: ₩409.3b

Manufactures and sells semiconductor inspection equipment.

Kangping Technology (Suzhou)

Market Cap: CN¥2.4b

Engages in the research and development, design, production, and sale of motors and related products.

Anhui Guqi Down & Feather Textile

Market Cap: CN¥4.7b

Engages in the research and development, production, and sale of goose and duck down products for use in clothing and bedding applications.

Zhejiang Haisen Pharmaceutical

Market Cap: CN¥3.4b

Engages in the research and development, production, and sale of chemical active pharmaceutical ingredient and intermediates in China.

Wan Hwa Enterprise

Market Cap: NT$5.2b

Engages in the rental of commercial buildings in Taiwan.

Chin Hsin Environ Engineering

Market Cap: NT$3.4b

Provides general, hazardous industrial, and biomedical waste removal and treatment services in Taiwan.