Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥32.4b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥5.2b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.

Mamata Machinery

Market Cap: ₹12.1b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Saint-Gobain Sekurit India

Market Cap: ₹10.4b

Manufactures and sells laminated and tempered automotive glass in India.

Otec

Market Cap: JP¥21.0b

Trades pipework equipment in Japan.

Nippon Sharyo

Market Cap: JP¥29.8b

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.

Luxchem Corporation Berhad

Market Cap: RM 432.9m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

Hind Rectifiers

Market Cap: ₹22.9b

Engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally.

Indo Farm Equipment

Market Cap: ₹8.6b

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

PBA Holdings Bhd

Market Cap: RM 665.3m

An investment holding company, operates as a water supplier in Malaysia.

Hong Leong Finance

Market Cap: S$1.2b

Operates as a financial services company for consumer, and small and medium-sized enterprises (SMEs) markets in Singapore.

Hayleys

Market Cap: LK₨127.5b

Operates in the manufacturing, agriculture, and services sectors worldwide.

KinjiroLtd

Market Cap: JP¥17.5b

Provides human resource management (HRM) solution services.

Zhejiang Jinghua Laser TechnologyLtd

Market Cap: CN¥4.3b

Develops, manufactures, and sells laser holographic molded products.

Oriental Precision & EngineeringLtd

Market Cap: ₩240.5b

Oriental Precision & Engineering Co.,Ltd.

Episil-Precision

Market Cap: NT$9.4b

Engages in the development, manufacturing, and sale of silicon epitaxy wafers and compound semiconductor epitaxial wafers in Taiwan, Japan, China, and internationally.

Hoang Huy Investment Financial Services

Market Cap: ₫15.9t

Engages in the manufacturing, trading, and assembling of motorbikes and cars.

Shenzhen Leaguer

Market Cap: CN¥9.9b

Engages in the design, manufacturing, and service provision of plastic packaging solutions for cosmetics, daily necessities, health products, and food in China and internationally.

Marusan Securities

Market Cap: JP¥60.4b

Engages in the financial products trading business in Japan.

Kinpo Electronics

Market Cap: NT$27.6b

Designs, manufactures, and sells consumer electronics, web-based communications, computer peripherals, and storage products in Taiwan, rest of Asia, the Americas, and internationally.

CYMECHS

Market Cap: ₩137.7b

A tool automation company, engages in the provision of core system components for semiconductor manufacturing in South Korea.

Chudenko

Market Cap: JP¥184.9b

Operates as an equipment engineering company in Japan.

Techno Ryowa

Market Cap: JP¥74.3b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Araya Industrial

Market Cap: JP¥23.3b

Manufactures and sells steel products in Japan and internationally.

FALCO HOLDINGS

Market Cap: JP¥22.8b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Hunan Investment GroupLtd

Market Cap: CN¥2.7b

Engages in the construction and operation of highways, bridges, and various urban infrastructures in China.

Co-Tech Development

Market Cap: NT$18.3b

Engages in the production and sale of copper foil for printed circuit board industry in Taiwan and China.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.3t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the United States, the Middle East, and internationally.

Maezawa Kasei Industries

Market Cap: JP¥26.7b

Produces and sells water and sewerage related products, and environmental equipment.

Cherat Cement

Market Cap: PK₨57.9b

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

MKH Berhad

Market Cap: RM 600.1m

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.

Huang Hsiang Construction

Market Cap: NT$13.8b

Engages in development of residential and commercial properties.

Hokkan Holdings

Market Cap: JP¥24.5b

Through its subsidiaries, engages in the container, filling, and machinery production businesses in Taiwan.

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.

Techno Smart

Market Cap: JP¥18.6b

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