Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

Nippon Sharyo

Market Cap: JP¥28.8b

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.

Bank of Iwate

Market Cap: JP¥47.4b

Engages in the provision of various financial products and services in Japan.

Chudenko

Market Cap: JP¥181.9b

Operates as an equipment engineering company in Japan.

Kwang Dong Pharmaceutical

Market Cap: ₩215.7b

Operates as a human healthcare provider in South Korea.

Changjiu Holdings

Market Cap: HK$1.2b

Provides pledged vehicle monitoring and automobile dealership operation management services in China.

Tsubakimoto Kogyo

Market Cap: JP¥40.0b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

Kanro

Market Cap: JP¥57.0b

Manufactures and sells confectionery and food products in Japan.

Shangri-La Hotel

Market Cap: ฿5.9b

Operates hotels in Bangkok and Chiang Mai provinces.

Togami Electric Mfg

Market Cap: JP¥16.6b

Engages in manufacturing and sale of power distribution and control equipment in Japan.

Toukei Computer

Market Cap: JP¥76.1b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

AlpenLtd

Market Cap: JP¥90.7b

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

Maezawa Kasei Industries

Market Cap: JP¥26.1b

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

Nitto Fuji Flour MillingLtd

Market Cap: JP¥60.7b

Manufactures and sells flour products in Japan.

Saha-Union

Market Cap: ฿8.4b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

GENOVA

Market Cap: JP¥17.0b

Engages in the medical platform and smart clinic businesses in Japan.

Nikko

Market Cap: JP¥26.1b

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

Kanda HoldingsLtd

Market Cap: JP¥16.2b

Through its subsidiaries, provides integrated logistics services in Japan and internationally.

GakkyushaLtd

Market Cap: JP¥23.5b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

Mr Max Holdings

Market Cap: JP¥22.0b

Operates discount stores in Japan.

ITCENGLOBAL

Market Cap: ₩149.4b

Provides consulting, ICT, and outsourcing services and solutions in South Korea.

Kappa Create

Market Cap: JP¥72.4b

Engages in the management of restaurants.

TOMONY Holdings

Market Cap: JP¥99.9b

Through its subsidiaries, provides various banking and financial products and services.

NPR-Riken

Market Cap: JP¥63.7b

Manufactures and sells automobile engine parts, marine engine parts, and other products in Japan and internationally.

DoshishaLtd

Market Cap: JP¥77.0b

Plans, develops, produces, and sells lifestyle-related products in Japan and internationally.

Marusan Securities

Market Cap: JP¥56.0b

Engages in the financial products trading business in Japan.

Shanghai Pioneer Holding

Market Cap: HK$2.6b

An investment holding company, markets, promotes, and sells pharmaceutical products and medical devices primarily in the People’s Republic of China.

Showbox

Market Cap: ₩200.1b

Engages in the investment, production, and distribution of films in South Korea, North America, Asia, Europe, and internationally.

COSCO SHIPPING International (Hong Kong)

Market Cap: HK$6.9b

An investment holding company, provides shipping services in the People’s Republic of China and internationally.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Synergy Innovation

Market Cap: ₩236.2b

Engages in the research and development, and investment of generic and new drugs, medical devices, and health functional foods in South Korea.

iMarketKorea

Market Cap: ₩251.7b

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

Woori Technology Investment

Market Cap: ₩538.9b

A venture capital firm specializing in venture fund, mezzanine fund project fund, venture capital and small & medium companies investments.

Yashima Denki

Market Cap: JP¥35.4b

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

Toho

Market Cap: JP¥34.4b

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

Natural Food International Holding

Market Cap: HK$1.3b

An investment holding company, engages in the processing and sale of natural health food products in China.