Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Gulf Insurance Group - Jordan

Market Cap: د.أ78.0m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Shangri-La Hotel

Market Cap: ฿5.4b

Operates hotels in Bangkok and Chiang Mai provinces.

TSTE

Market Cap: ฿4.0b

Primarily engages in the production and distribution of wheat flour in Thailand.

Freetrailer Group

Market Cap: €724.4m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

Kuwait Insurance CompanyK.P

Market Cap: د.ك109.0m

Provides various insurance products and services in Kuwait.

Saatvik Green Energy

Market Cap: ₹46.8b

Manufactures and sells solar photovoltaic modules in India and internationally.

Hind Rectifiers

Market Cap: ₹25.1b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

Taiyo KagakuLtd

Market Cap: JP¥39.7b

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

Vivo Energy Mauritius

Market Cap: MU₨13.0b

Vivo Energy Mauritius Limited markets, supplies, and distributes fuels and lubricants to retail and commercial customers in Mauritius.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك192.3m

Engages in insurance and reinsurance operations in Kuwait.

Al-Enma'a Real Estate Company K.S.C.P

Market Cap: د.ك30.7m

Engages in the contracting, management, and maintenance of real estate in Kuwait and the Gulf Countries.

Sakar Healthcare

Market Cap: ₹9.3b

Research, develops, manufactures, and sells pharmaceutical products in India.

Hearts and Minds Investments

Market Cap: AU$725.9m

n/a

Enviro Infra Engineers

Market Cap: ₹36.2b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.

Jamuna Bank

Market Cap: ৳19.8b

Provides various banking products and services in Bangladesh.

Yibin City Commercial Bank

Market Cap: HK$12.0b

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

Padma Oil

Market Cap: ৳16.6b

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

Procimmo Group

Market Cap: CHF 364.9m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

KP Green Engineering

Market Cap: ₹21.4b

Engages in engineering and manufacture of steel structure in India.

Mamata Machinery

Market Cap: ₹10.3b

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

Knowledge Marine & Engineering Works

Market Cap: ₹43.7b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Bahrain National Holding Company B.S.C

Market Cap: ب.د62.3m

Provides insurance and investment products in the Kingdom of Bahrain, other GCC countries, and internationally.

Krishana Phoschem

Market Cap: ₹32.9b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك385.6m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Orkla India

Market Cap: ₹83.7b

Operates as a food company, manufactures and sells spices and convenience foods in India and internationally.

Hospital Corporation of China

Market Cap: HK$819.0m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Mulpha International Bhd

Market Cap: RM 912.4m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Scoda Tubes

Market Cap: ₹9.3b

Manufactures and sells stainless steel pipes and tubes in India and internationally.

DAM Capital Advisors

Market Cap: ₹15.1b

Provides investment banking services.

SML Mahindra

Market Cap: ₹54.7b

Manufactures and sells commercial vehicles and related parts in India and internationally.

BLS E-Services

Market Cap: ₹19.7b

A technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally.

Insolation Energy

Market Cap: ₹28.5b

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

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.