Global Undiscovered Gems With Strong Fundamentals

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

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.

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.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.5b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

VCREDIT Holdings

Market Cap: HK$2.1b

An investment holding company, provides online consumer finance services to borrowers in the People’s Republic of China and Hong Kong.

Techno Ryowa

Market Cap: JP¥71.8b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Korea Ratings

Market Cap: ₩411.3b

Provides credit rating and business valuation services in South Korea.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك45.2m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Goldiam International

Market Cap: ₹40.7b

Manufactures, sells, and trades in diamond studded gold, silver, and platinum jewelry in India.

Wuxi Chemical Equipment

Market Cap: CN¥3.7b

Designs, develops, manufactures, and markets metal pressure vessels in China.

TSTE

Market Cap: ฿4.4b

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

Machvision

Market Cap: NT$31.0b

Develops and sells machine vision systems for semiconductor and printed circuit board (PCB) industry in Taiwan.

KinjiroLtd

Market Cap: JP¥16.6b

Provides human resource management (HRM) solution services.

Tsubakimoto Kogyo

Market Cap: JP¥40.7b

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

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.8b

Researches, develops, produces, and sells black sesame health products in China.

Ryoyu Systems

Market Cap: JP¥38.4b

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

Episil-Precision

Market Cap: NT$10.5b

Engages in the development, manufacturing, and sale of silicon epitaxy wafers and compound semiconductor epitaxial wafers in Taiwan, Japan, China, and internationally.

KP Green Engineering

Market Cap: ₹26.0b

Engages in engineering and manufacture of steel structure in India.

Shenzhen Keanda Electronic Technology

Market Cap: CN¥2.8b

Shenzhen Keanda Electronic Technology Corp., Ltd.

Kanro

Market Cap: JP¥52.3b

Manufactures and sells confectionery and food products in Japan.

Techno Smart

Market Cap: JP¥18.4b

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

Konishi

Market Cap: JP¥73.7b

Manufactures and sells synthetic adhesives in Japan.

Anpec Electronics

Market Cap: NT$11.7b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Tibet Development

Market Cap: CN¥2.2b

Engages in the production and sale of beer in China.

Toho

Market Cap: JP¥33.2b

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

Silvery Dragon Prestressed MaterialsLTD Tianjin

Market Cap: CN¥6.3b

Manufactures and sells prestressed steel products in China and internationally.

AIC

Market Cap: NT$14.3b

Provides OEM/ODM, commercial off-the-shelf, and server and storage solutions in the United States, Asia, and Europe.

Bharat Rasayan

Market Cap: ₹41.2b

Manufactures and sells technical grade pesticides and intermediates in India.

Triocean Industrial Corporation

Market Cap: NT$5.3b

Engages in the construction business in Taiwan.

Otec

Market Cap: JP¥20.4b

Trades pipework equipment in Japan.

Billion Industrial Holdings

Market Cap: HK$9.1b

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.

ITOCHU-SHOKUHIN

Market Cap: JP¥121.4b

Engages in the wholesale of food products and alcoholic beverages in Japan.

Suzhou Highfine Biotech

Market Cap: CN¥5.6b

Manufactures and sells chemicals for pharmaceutical research and development, and API production companies in China.

Lemtech Holdings

Market Cap: NT$5.4b

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

Zkteco

Market Cap: CN¥5.7b

ZKTeco Co., Ltd. provides biometric verification algorithm techniques, sensors, and software platform worldwide.

Yukiguni Factory

Market Cap: JP¥42.5b

Manufactures and sells mushrooms and other processed food in Japan.