Global Undiscovered Gems With Strong Fundamentals

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

Market Cap: د.ك38.6m

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

Padma Oil

Market Cap: ৳17.6b

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

Hubei Three Gorges Tourism Group

Market Cap: CN¥3.7b

Hubei Three Gorges Tourism Group Co., Ltd.

Nestlé Pakistan

Market Cap: PK₨321.6b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Qingmu Tec

Market Cap: CN¥4.6b

Provides brand retail solutions.

Britam Holdings

Market Cap: KSh16.7b

An investment holding company, provides financial solutions in Kenya, Uganda, South Sudan, Rwanda, Tanzania, Malawi, and Mozambique.

Standard Chartered Bank Kenya

Market Cap: KSh102.0b

Provides various banking products and services for individuals and businesses.

Qingdao Daneng Environmental Protection Equipment

Market Cap: CN¥3.6b

Qingdao Daneng Environmental Protection Equipment Co., Ltd.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.8b

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

Ryoyu Systems

Market Cap: JP¥38.4b

Provides information technology (IT) solutions for various industries in Japan.

Hayleys

Market Cap: LK₨107.6b

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

Timex Group India

Market Cap: ₹21.5b

Engages in the designing, manufacturing, and trading of watches in India and internationally.

Fortune Mate Indonesia

Market Cap: Rp2.6t

Provides real estate development and construction services in Indonesia.

Hokkan Holdings

Market Cap: JP¥23.4b

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

Kyoritsu Electric

Market Cap: JP¥18.8b

Provides various systems, testing and measuring instruments, etc.

Yuan Cheng CableLtd

Market Cap: CN¥3.5b

Engages in the design, research and development, production, operation, and sales of wire and cable products in China.

Hearts and Minds Investments

Market Cap: AU$709.8m

n/a

Guangdong Sanhe Pile

Market Cap: CN¥4.1b

Engages in the research and development, production, and sale of prestressed concrete pipe pile products in China.

Huang Hsiang Construction

Market Cap: NT$17.2b

Engages in development of residential and commercial properties.

Korea Ratings

Market Cap: ₩401.9b

Provides credit rating and business valuation services in South Korea.

Kanro

Market Cap: JP¥55.1b

Manufactures and sells confectionery and food products in Japan.

Konishi

Market Cap: JP¥74.7b

Manufactures and sells synthetic adhesives in Japan.

Chongqing Machinery & Electric

Market Cap: HK$3.9b

Designs, manufactures, and sells clean energy equipment and high-end smart manufacturing equipment.

Marusan Securities

Market Cap: JP¥57.5b

Engages in the financial products trading business in Japan.

Wuxi Xinan Technology

Market Cap: CN¥2.6b

Engages in the research, development, production, and sale of aluminum alloy auto parts for commercial vehicles and passenger cars.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp18.1t

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

Daphne International Holdings

Market Cap: HK$929.9m

An investment holding company, engages in the licensing, distribution, and sale of footwear and accessories in China, Hong Kong, and the British Virgin Islands.

An Cuong Wood - Working

Market Cap: ₫5.6t

Manufactures and trades in wooden household products, industrial wooden items, artificial boards, interior decoration products, kitchen equipment, and other wooden related products in Vietnam and internationally.

Qingdao Eastsoft Communication TechnologyLtd

Market Cap: CN¥7.8b

Research and develops power line carrier and AMI communication solutions in China.

Oriental Precision & EngineeringLtd

Market Cap: ₩243.2b

Oriental Precision & Engineering Co.,Ltd.

Insolation Energy

Market Cap: ₹56.5b

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

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.

Vidhi Specialty Food Ingredients

Market Cap: ₹22.1b

Engages in manufacture and trading of synthetic food colors.

Anpec Electronics

Market Cap: NT$11.8b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Citra Tubindo

Market Cap: Rp4.0t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Network People Services Technologies

Market Cap: ₹39.6b

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