Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Nestlé Pakistan

Market Cap: PK₨357.7b

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

Yibin City Commercial Bank

Market Cap: HK$11.9b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

AB Vilkyskiu pienine

Market Cap: €124.2m

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

Citra Tubindo

Market Cap: Rp6.1t

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

Bank Ganesha

Market Cap: Rp1.9t

Provides various general banking products and services for individuals and businesses in Indonesia.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$28.2b

Operates self-service stores that sell office supplies, electronic goods, and housewares in Mexico, Central America, the Caribbean, Colombia, and Chile.

Cherat Cement

Market Cap: PK₨55.7b

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

Standard Chartered Bank Kenya

Market Cap: KSh119.0b

Provides various banking products and services for individuals and businesses.

Cahaya Aero Services

Market Cap: Rp4.5t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Lungyen Life Service

Market Cap: NT$24.8b

Provides funeral facilities and services in Taiwan.

Reitar Logtech Holdings

Market Cap: US$256.0m

Through its subsidiaries, provides construction management and engineering design services.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.8b

Operates as an asset management company.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.9b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Fortune Mate Indonesia

Market Cap: Rp2.6t

Provides real estate development and construction services in Indonesia.

va-Q-tec

Market Cap: €392.2m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Metalpha Technology Holding

Market Cap: US$125.5m

Provides wealth management services in Hong Kong.

National Credit and Commerce Bank

Market Cap: ৳14.5b

Provides various commercial banking products and services in Bangladesh.

Surya Toto Indonesia

Market Cap: Rp2.5t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.7b

Engages in the production and sale of food products in Turkey.

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Itafos

Market Cap: CA$570.0m

Operates as a phosphate and specialty fertilizer company.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Evergent Investments

Market Cap: RON 1.3b

A publicly owned investment manager.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺31.8b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Purple Group

Market Cap: R2.5b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Najran Cement

Market Cap: ر.س1.4b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

National Environmental Recycling

Market Cap: ر.س895.0m

National Environmental Recycling Company recycles electronic and electrical equipment in Asia, Middle East, Japan, and Europe.

Saudi Chemical Holding

Market Cap: ر.س6.4b

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.

MOBI Industry

Market Cap: ر.س650.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Sure Global Tech

Market Cap: ر.س616.0m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.3b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Baazeem Trading

Market Cap: ر.س578.1m

Operates as a FMCG distribution company.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Britam Holdings

Market Cap: KSh21.3b

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

Padma Oil

Market Cap: ৳20.0b

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