Global Undiscovered Gems With Strong Fundamentals

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Terminal X Online

Market Cap: ₪563.0m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Zambia Sugar

Market Cap: K13.0b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

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.

Jadranski naftovod d.d

Market Cap: €775.9m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Maxigen Biotech

Market Cap: NT$4.0b

Researches, develops, produces, and sells implantable medical devices and cosmetic products in Taiwan, America, Europe, rest of Asia, and internationally.

Bharat Rasayan

Market Cap: ₹40.3b

Manufactures and sells technical grade pesticides and intermediates in India.

PBA Holdings Bhd

Market Cap: RM 642.1m

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

Kalyani Investment

Market Cap: ₹22.0b

A non-deposit taking core investment company, engages in making investments in group companies in India.

Yashima Denki

Market Cap: JP¥37.1b

Provides plant business, industry/equipment, and transportation business in Japan and internationally.

Vinacomin - Power Holding

Market Cap: ₫8.8t

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.

Triocean Industrial Corporation

Market Cap: NT$5.3b

Engages in the construction business in Taiwan.

Toho

Market Cap: JP¥33.8b

Through its subsidiaries, engages in the food wholesale, cash and carry, and supermarket businesses primarily in Japan.

Li Ming Development Construction

Market Cap: NT$5.0b

Li Ming Development Construction Co., Ltd.

Savior Lifetec

Market Cap: NT$6.8b

A specialty injectable company, develops, produces, and supplies sterile active pharmaceutical ingredients and finished dosage formulations.

Philippine Savings Bank

Market Cap: ₱25.2b

Primarily engages in savings and mortgage banking activities in the Philippines.

Creative & Innovative System

Market Cap: ₩522.2b

Manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc.

Pro-Hawk

Market Cap: NT$5.4b

Designs, develops, manufactures, and markets bearings, rollers, injection parts, and OEM parts worldwide.

Tibet Development

Market Cap: CN¥2.3b

Engages in the production and sale of beer in China.

S.A.S. Dragon Holdings

Market Cap: HK$2.5b

An investment holding company, provides electronic supply chain services in Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, Macao, and internationally.

Taisun Enterprise

Market Cap: NT$10.5b

Engages in the processing, manufacturing, wholesaling, and retailing of oil, food and beverages, and flour products in Taiwan.

ShenZhen QiangRui Precision Technology

Market Cap: CN¥5.0b

ShenZhen QiangRui Precision Technology Co., Ltd.

Shandong Sacred Sun Power SourcesLtd

Market Cap: CN¥6.5b

Provides green energy solutions worldwide.

AlpenLtd

Market Cap: JP¥90.1b

Engages in the development and sale of sporting products in Japan.

Gallant Precision Machining

Market Cap: NT$13.1b

Engages in the research and development, production, manufacture, and sale of flat panel display testing, semiconductor assembly, and intelligent automation equipment in Taiwan, China, and internationally.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.0b

Operates as a chemical raw material manufacturing company in China and internationally.

Lotus Chocolate

Market Cap: ₹13.3b

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

C.I. Holdings Berhad

Market Cap: RM 427.7m

An investment holding company, engages in manufacturing, selling, and packing various types of edible oils in Malaysia, Africa, Asia, and internationally.

Credo Brands Marketing

Market Cap: ₹11.4b

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

Changjiu Holdings

Market Cap: HK$1.3b

An investment holding company, provides pledged vehicle monitoring and automobile dealership operation management services in China.

Shanghai Material Trading

Market Cap: CN¥4.4b

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

Cantabil Retail India

Market Cap: ₹19.6b

Engages in designing, manufacturing, branding, and retailing apparel and apparel accessories in India.

Luyin Investment GroupLtd

Market Cap: CN¥4.1b

Engages in the production and sale of powder metallurgy materials and products, and salt and salt chemical products in China and internationally.

Mr Max Holdings

Market Cap: JP¥22.3b

Operates discount stores in Japan.

Nikko

Market Cap: JP¥26.0b

Engages in the manufacture and sale of asphalt mixing and concrete batching plants in Asia.

iMarketKorea

Market Cap: ₩251.4b

Operates as an industrial material distribution service company in South Korea and internationally.