Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

MAPFRE Middlesea

Market Cap: €137.1m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Misr Beni Suef CementE

Market Cap: ج.م7.4b

Produces and sells cement products in Egypt and internationally.

Jadranski naftovod d.d

Market Cap: €801.1m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Morris State Bancshares

Market Cap: US$212.6m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Maistra d.d

Market Cap: €525.3m

Engages in the hotel business in Croatia.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Lemtech Holdings

Market Cap: NT$5.1b

Research, develops, produces, and sells precision metal dies and metal stampings in Asia, the Americas, and Europe.

Shimizu Bank

Market Cap: JP¥15.4b

Provides various banking services in Japan.

Hollyland (China) Electronics Technology

Market Cap: CN¥2.4b

Engages in the research and development, production, and sale of circuit protection products in China and internationally.

Bonraybio

Market Cap: NT$3.7b

A development stage company, manufactures medical instruments and solutions for the male infertility market.

Cresco

Market Cap: JP¥68.0b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

Grade Upon Technology

Market Cap: NT$6.1b

Grade Upon Technology Corporation develops, manufactures, and sells sensor device products in Taiwan.

HeXun Biosciences

Market Cap: NT$3.4b

Engages in the research and development of stem cell and treatments in Taiwan.

Abans Financial Services

Market Cap: ₹11.1b

Operates as a non-banking finance company in India, and internationally.

Te Chang Construction

Market Cap: NT$6.7b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

YagiLtd

Market Cap: JP¥19.4b

Operates as a fiber trading company in Japan.

Wealth First Portfolio Managers

Market Cap: ₹11.5b

Provides share and stock broking services in India.

KurimotoLtd

Market Cap: JP¥67.4b

Manufactures and sells ductile iron pipes and accessories, valves, industrial equipment and materials, and construction materials in Japan and internationally.

Vidhi Specialty Food Ingredients

Market Cap: ₹20.9b

Engages in manufacture and trading of synthetic food colors.

Mitake Information

Market Cap: NT$3.2b

Provides mobile financial information trading platform in Taiwan.

Credo Brands Marketing

Market Cap: ₹11.7b

Credo Brands Marketing Limited retails men’s casual wear under the MUFTI brand name in India.

Uoriki

Market Cap: JP¥33.5b

Engages in the retailing, eating and drinking, and wholesale businesses in Japan and internationally.

Om Infra

Market Cap: ₹12.2b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.

Oswal Greentech

Market Cap: ₹11.9b

Develops real estate projects in India.

Macpower CNC Machines

Market Cap: ₹9.0b

Manufactures and sells computer numerical control (CNC) metal cutting machines in India.

Shanghai SK Automation TechnologyLtd

Market Cap: CN¥5.9b

Engages in the research, development, production, and sale of intelligent manufacturing equipment for new energy vehicles and fuel vehicles.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.2b

Provides smart wearables and mobile medical care products in China and internationally.

Center International GroupLtd

Market Cap: CN¥5.2b

Provides building metal enclosure systems solutions in China.

Anhui Wanyi Science and TechnologyLtd

Market Cap: CN¥2.7b

AnHui Wanyi Science and Technology Co.,Ltd.