Global Undiscovered Gems With Strong Fundamentals

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.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Linde Bangladesh

Market Cap: ৳12.9b

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

Padma Oil

Market Cap: ৳17.6b

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

Pan Asian Microvent Tech (Jiangsu)

Market Cap: CN¥4.8b

Engages in the research and development, design, production, and sale of e-PTFE micro-permeable membranes and aerogels in China and internationally.

Suzhou Highfine Biotech

Market Cap: CN¥6.2b

Manufactures and sells chemicals for pharmaceutical research and development, and API production companies in China.

Renaissance Global

Market Cap: ₹13.7b

Manufactures and sells diamond studded jewellery in India and internationally.

Indo Tech Transformers

Market Cap: ₹21.8b

Manufactures and distributes transformers in India and internationally.

Shanghai SK Automation TechnologyLtd

Market Cap: CN¥6.0b

Engages in the research, development, production, and sale of intelligent manufacturing equipment for new energy vehicles and fuel vehicles.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.2b

Provides smart wearables and mobile medical care products in China and internationally.

Standard Chartered Bank Kenya

Market Cap: KSh102.0b

Provides various banking products and services for individuals and businesses.

Daoming Optics&ChemicalLtd

Market Cap: CN¥5.5b

Engages in the research and development, production, and sale of reflective materials and products worldwide.

Force Motors

Market Cap: ₹169.2b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

Macpower CNC Machines

Market Cap: ₹9.6b

Manufactures and sells computer numerical control (CNC) metal cutting machines in India.

Credo Brands Marketing

Market Cap: ₹11.2b

Credo Brands Marketing Limited retails men’s casual wear under the MUFTI brand name in India.

AGI Infra

Market Cap: ₹21.2b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

Lotus Chocolate

Market Cap: ₹19.2b

Manufactures and sells chocolates, cocoa products, and cocoa derivatives to chocolate makers and users in India.

Om Infra

Market Cap: ₹12.5b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.

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.

Tai Sin Electric

Market Cap: S$188.7m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Mark Dynamics Indonesia

Market Cap: Rp2.8t

Manufactures and sells hand former products in Indonesia and internationally.

BBK Test Systems

Market Cap: CN¥3.6b

Manufactures and sells automotive and structural testing equipment in China and internationally.

Shantou Institute of Ultrasonic Instrument

Market Cap: CN¥11.3b

Shantou Institute of Ultrasonic Instrument Co., Ltd.

Techshine ElectronicsLtd

Market Cap: CN¥4.3b

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.

Bengal & Assam

Market Cap: ₹85.1b

Operates as an investment company in India and internationally.

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.

Ruentex Interior Design

Market Cap: NT$3.5b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Ningbo Henghe Precision IndustryLtd

Market Cap: CN¥3.0b

Ningbo Henghe Precision Industry Co.,Ltd.

Nanfang Ventilator

Market Cap: CN¥3.9b

Designs and manufactures HVAC products in China.

Thai Steel Cable

Market Cap: ฿3.4b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Oswal Greentech

Market Cap: ₹12.1b

Develops real estate projects in India.

Dong Fang Offshore

Market Cap: NT$35.5b

Offers vessel solutions for offshore wind projects, which include guard, MMO, CTV, HDD, transportation, berth, and cargo transfer services.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.8b

Researches, develops, produces, and sells black sesame health products in China.

Goldiam International

Market Cap: ₹38.3b

Manufactures, sells, and trades in diamond studded gold, silver, and platinum jewelry in India.

Wuxi Chemical Equipment

Market Cap: CN¥4.0b

Designs, develops, manufactures, and markets metal pressure vessels in China.

Vinacomin - Power Holding

Market Cap: ₫8.2t

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.