Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Wuhan Huakang Century Clean Technology

Market Cap: CN¥3.9b

Wuhan Huakang Century Clean Technology Co., Ltd.

YagiLtd

Market Cap: JP¥27.3b

Operates as a fiber trading company in Japan.

HARBIN GLORIA PHARMACEUTICALS

Market Cap: CN¥7.7b

Harbin Gloria Pharmaceuticals Co., Ltd engages in the research, development, production, and sale of pharmaceutical products primarily in the People’s Republic of China.

MKH Berhad

Market Cap: RM 582.7m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Senstar Technologies

Market Cap: US$105.0m

Provides physical, video, and access control security products and solutions worldwide.

Bank of Iwate

Market Cap: JP¥64.2b

Provides various financial products and services in Japan.

Shantou Institute of Ultrasonic Instrument

Market Cap: CN¥11.2b

Shantou Institute of Ultrasonic Instrument Co., Ltd.

Techshine ElectronicsLtd

Market Cap: CN¥5.2b

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.

Shandong Sinoglory Health Food

Market Cap: CN¥2.3b

Manufactures soy proteins in China.

Shanghai Material Trading

Market Cap: CN¥5.0b

Engages in the wholesale and retail of production materials for automobile and chemicals in China and internationally.

Xinjiang Torch Gas

Market Cap: CN¥3.0b

Operates as a gas service company in China.

Qingdao CHOHO IndustrialLtd

Market Cap: CN¥3.7b

Qingdao Choho Industrial Co., Ltd. develops, manufactures, and sells automobile chains worldwide.

Araya Industrial

Market Cap: JP¥24.6b

Manufactures and sells steel products in Japan and internationally.

Martifer SGPS

Market Cap: €229.8m

Operates in the metallic constructions and renewable energy development sectors in Portugal, Angola, Saudi Arabia, Europe, and internationally.

Machvision

Market Cap: NT$37.1b

Develops and sells machine vision systems for semiconductor and printed circuit board (PCB) industry in Taiwan.

Techno Smart

Market Cap: JP¥21.4b

Provides liquid crystal-related film and cast film manufacturing devices.

Ascentech K.K

Market Cap: JP¥23.7b

Provides virtual desktop infrastructure (VDI) and IT infrastructure solutions in Japan.

Empresas Lipigas

Market Cap: CL$653.0b

Engages in the distribution and sale of liquefied petroleum gas (LPG) and natural gas (NG) in Chile, Peru, and Colombia.

Huasi Holding

Market Cap: CN¥1.8b

Operates in the fur industry in China, Europe, Russia, the United States, Japan, South Korea, and Hong Kong.

Shandong Longquan Pipe IndustryLtd

Market Cap: CN¥2.7b

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

Otec

Market Cap: JP¥27.0b

Trades pipework equipment in Japan.

Insolation Energy

Market Cap: ₹48.7b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

Shenzhen Keanda Electronic Technology

Market Cap: CN¥3.1b

Shenzhen Keanda Electronic Technology Corp., Ltd.

Changchai Company

Market Cap: CN¥3.5b

Produces and sells small and medium-sized single cylinder and multi-cylinder diesel engines under the Changchai brand in the People’s Republic of China and internationally.

Shenzhen Coship Electronics

Market Cap: CN¥12.9b

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

Keli Motor Group

Market Cap: CN¥11.0b

Engages in the research and development, manufacture, and sale of micro motors in China.

Anji Foodstuff

Market Cap: CN¥3.1b

Engages in the research and development, production, and sale of condiments in China and internationally.

Uju Holding

Market Cap: HK$3.6b

An investment holding company, provides digital marketing services and live-streaming e-commerce in the People’s Republic of China.

Cherat Cement

Market Cap: PK₨66.9b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Telematic Interactive Bulgaria EAD

Market Cap: лв289.1m

Offers online betting and gambling services.

Capricorn Group

Market Cap: R11.2b

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

Sinotherapeutics

Market Cap: CN¥5.2b

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

Jinlihua Electric

Market Cap: CN¥2.4b

Engages in the research, development, manufacture, and supply of functional glass and insulation products for use in HV, UHV, and EHV transmission lines in China and internationally.

Henan Yuguang Gold&LeadLtd

Market Cap: CN¥9.8b

Engages in the smelting and sale of electrolytic lead, cathode copper, gold, silver, and other non-ferrous metals and precious metal products in China and internationally.