Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Capricorn Group

Market Cap: R11.0b

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

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

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.

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.

TSTE

Market Cap: ฿4.5b

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

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

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.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

ManpowerGroup Greater China

Market Cap: HK$1.1b

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.

Voith Paper Fabrics India

Market Cap: ₹8.7b

Manufactures and trades paper machine clothing for pulp, and paper and paperboard industries in India and internationally.

Saudi Chemical Holding

Market Cap: ر.س6.0b

Saudi Chemical Holding Company manufacture, wholesale, and retail trade of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment in the Kingdom of Saudi Arabia and internationally.

Surya Citra Media

Market Cap: Rp12.1t

Provides multimedia services in Indonesia.

Saha-Union

Market Cap: ฿8.5b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Cita Mineral Investindo

Market Cap: Rp16.0t

Engages in bauxite mining activities in Indonesia.

Shri Jagdamba Polymers

Market Cap: ₹9.6b

Engages in the manufacture and sale of technical textile products in India.

KP Green Engineering

Market Cap: ₹27.2b

Engages in engineering and manufacture of steel structure in India.

3B Blackbio Dx

Market Cap: ₹13.0b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

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

Market Cap: د.إ1.1b

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

SALUS Ljubljana d. d

Market Cap: €325.5m

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

Indo Amines

Market Cap: ₹11.6b

Engages in the manufacture, distribution, and sale of fine and specialty chemicals in India and internationally.

Bajel Projects

Market Cap: ₹28.7b

Engages in the engineering, procurement, and construction business in the power transmission and distribution sectors in India and internationally.

Bengal & Assam

Market Cap: ₹92.3b

Operates as an investment company in India and internationally.

Forth Smart Service

Market Cap: ฿4.8b

Provides prepaid mobile top-up services in Thailand.

AB Vilkyskiu pienine

Market Cap: €120.0m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Indo Farm Equipment

Market Cap: ₹9.8b

Manufactures and sells agricultural, industrial, and construction equipment in India.

Dwi Guna Laksana

Market Cap: Rp2.0t

Engages in the coal mining and trading activities in Indonesia.

Yuken India

Market Cap: ₹15.0b

Engages in the manufacture and sale of oil hydraulic equipment primarily in India.

Network People Services Technologies

Market Cap: ₹35.9b

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

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك44.9m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

Baazeem Trading

Market Cap: ر.س584.2m

Operates as a FMCG distribution company.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك180.9m

Engages in insurance and reinsurance operations in Kuwait.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك38.7m

A private equity firm specializing in direct and fund investments.

Central Finance

Market Cap: LK₨64.5b

Provides various financial solutions primarily in Sri Lanka.