Global Undiscovered Gems With Strong Fundamentals

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

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.

Jadranski naftovod d.d

Market Cap: €775.9m

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Quemchi

Market Cap: CL$95.2b

Quemchi, S.A. engages in maritime transport, cargo and shipping services, and investments businesses.

Sociedad Matriz SAAM

Market Cap: CL$1.2t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Marítima de Inversiones

Market Cap: CL$250.6b

Maritima de Inversiones SA is a publicly owned investment manager.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Watt's

Market Cap: CL$231.9b

Manufactures and sells food products in Chile.

Practic

Market Cap: RON 567.2m

Engages in the lease and sublease of real estate properties in Romania.

MAPFRE Middlesea

Market Cap: €133.4m

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

First IC

Market Cap: US$172.7m

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States.

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Uju Holding

Market Cap: HK$1.4b

An investment holding company, provides digital marketing services and live-streaming e-commerce in the People’s Republic of China.

Top Union Electronics

Market Cap: NT$4.9b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Dong Fang Offshore

Market Cap: NT$29.1b

Offers vessel solutions for offshore wind projects, which include guard, MMO, CTV, HDD, transportation, berth, and cargo transfer services.

HannStar Board

Market Cap: NT$27.9b

Manufactures, assembles, and sells printed circuit boards (PCBs) in Taiwan.

Standard Foods

Market Cap: NT$32.2b

Manufactures and sells nutritious foods, edible oil, dairy products, and beverages in Taiwan and internationally.

Unitech Computer

Market Cap: NT$6.8b

Engages in the information technology product channel business in Asia, America, Europe, and Oceania.

Techno Smart

Market Cap: JP¥18.0b

Provides liquid crystal-related film and cast film manufacturing devices.

Ryoyu Systems

Market Cap: JP¥38.4b

Provides information technology (IT) solutions for various industries in Japan.

CAC Holdings

Market Cap: JP¥34.5b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

KinjiroLtd

Market Cap: JP¥16.1b

Provides human resource management (HRM) solution services.

Shenzhen Keanda Electronic Technology

Market Cap: CN¥2.8b

Shenzhen Keanda Electronic Technology Corp., Ltd.

Huang Hsiang Construction

Market Cap: NT$17.3b

Engages in development of residential and commercial properties.

ASRock Rack Incorporation

Market Cap: NT$20.0b

Develops and sells server motherboards and systems in Taiwan and internationally.

Nantong Guosheng Intelligence Technology Group

Market Cap: CN¥3.3b

Nantong Guosheng Intelligence Technology Group Co., Ltd.

Powertip Image

Market Cap: NT$3.6b

Manufactures and sells electronic components and optical instruments in Mainland China, Taiwan, and internationally.

Hearts and Minds Investments

Market Cap: AU$698.4m

n/a

Guangdong Sanhe Pile

Market Cap: CN¥4.2b

Engages in the research and development, production, and sale of prestressed concrete pipe pile products in China.

ManpowerGroup Greater China

Market Cap: HK$888.1m

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.

SHL Consolidated Bhd

Market Cap: RM 544.8m

An investment holding company, engages in the development of integrated commercial and residential properties in Malaysia.

Tien Phong Plastic

Market Cap: ₫10.4t

Manufactures and trades in plastic pipes for civil and industrial use in Vietnam.

Shimizu Bank

Market Cap: JP¥15.5b

Provides various banking services in Japan.

Guangdong Goworld

Market Cap: CN¥5.5b

Provides electronic components and ultrasonic electronic instruments in China.