Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Cahaya Aero Services

Market Cap: Rp4.4t

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

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.

SALUS Ljubljana d. d

Market Cap: €337.0m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

MOBI Industry

Market Cap: ر.س644.5m

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

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

ShareHope Medicine

Market Cap: NT$3.6b

Provides integrated medical services in Taiwan.

Sure Global Tech

Market Cap: ر.س607.7m

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

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Fortune Mate Indonesia

Market Cap: Rp2.9t

Provides real estate development and construction services in Indonesia.

Cherat Cement

Market Cap: PK₨58.2b

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

Saudi Chemical Holding

Market Cap: ر.س6.1b

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.

TSTE

Market Cap: ฿4.4b

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.8t

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

Najran Cement

Market Cap: ر.س1.4b

Engages in manufacture and sale of cement products 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.

Nestlé Pakistan

Market Cap: PK₨394.5b

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

Bakrie & Brothers

Market Cap: Rp4.5t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

Britam Holdings

Market Cap: KSh19.4b

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

Standard Chartered Bank Kenya

Market Cap: KSh118.4b

Provides various banking products and services for individuals and businesses.

Monolithisch India

Market Cap: ₹9.1b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

National Environmental Recycling

Market Cap: ر.س883.8m

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

Cita Mineral Investindo

Market Cap: Rp15.4t

Engages in bauxite mining activities in Indonesia.

Eclatorq Technology

Market Cap: NT$3.3b

Manufactures and sells hand tools in Taiwan.

Bank Ganesha

Market Cap: Rp1.9t

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

Jiin Ming Industry

Market Cap: NT$4.4b

Provides design manufacturing services in Taiwan.

Citra Tubindo

Market Cap: Rp6.0t

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

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.

Billion Industrial Holdings

Market Cap: HK$9.3b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Baazeem Trading

Market Cap: ر.س575.1m

Operates as a FMCG distribution company.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

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

Voltamp Energy SAOG

Market Cap: ر.ع76.3m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

Sinopower Semiconductor

Market Cap: NT$3.7b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

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.