Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.8m

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

Freetrailer Group

Market Cap: €695.9m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Sun

Market Cap: MU₨7.4b

Operates in the tourism sector.

Top Union Electronics

Market Cap: NT$4.7b

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

Bank Ganesha

Market Cap: Rp2.6t

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

Cahaya Aero Services

Market Cap: Rp5.5t

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

Li Ming Development Construction

Market Cap: NT$4.3b

Li Ming Development Construction Co., Ltd.

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.

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.

National Credit and Commerce Bank

Market Cap: ৳13.8b

Provides various commercial banking products and services in Bangladesh.

Digital Mediatama Maxima

Market Cap: Rp2.8t

Operates an integrated marketing platform.

SALUS Ljubljana d. d

Market Cap: €468.5m

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

Dwi Guna Laksana

Market Cap: Rp2.8t

Engages in the coal mining and trading activities in Indonesia.

Monolithisch India

Market Cap: ₹10.0b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Bank MNC Internasional

Market Cap: Rp2.7t

Provides various banking products and services in Indonesia.

Linde Bangladesh

Market Cap: ৳14.0b

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

Padma Oil

Market Cap: ৳19.3b

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

Nusantara Pelabuhan Handal

Market Cap: Rp2.8t

Manages and operates container terminals in Indonesia and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ147.6m

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

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Billion Industrial Holdings

Market Cap: HK$9.1b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Hospital Corporation of China

Market Cap: HK$926.8m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Fortune Mate Indonesia

Market Cap: Rp2.3t

Provides real estate development and construction services in Indonesia.

Cita Mineral Investindo

Market Cap: Rp16.2t

Engages in bauxite mining activities in Indonesia.

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: Rp1.8t

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

Citra Tubindo

Market Cap: Rp4.1t

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

Vinacomin - Power Holding

Market Cap: ₫8.4t

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.

Wholetech System Hitech

Market Cap: NT$9.6b

Provides system integration services in Taiwan, China, and Singapore.

Zona Franca de Iquique

Market Cap: CL$232.0b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺8.3b

Marmaris Altinyunus Turistik Tesisler A.S.

Evergent Investments

Market Cap: RON 1.7b

A publicly owned investment manager.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.3b

Manufactures and sells heavy machinery and equipment.