Global Undiscovered Gems With Strong Fundamentals

Tsubakimoto Kogyo

Market Cap: JP¥40.9b

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

Episil-Precision

Market Cap: NT$9.9b

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

Techno Smart

Market Cap: JP¥18.2b

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

KP Green Engineering

Market Cap: ₹25.8b

Engages in engineering and manufacture of steel structure in India.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥20.4b

Manages and operates ski resorts in Japan.

Ogaki Kyoritsu Bank

Market Cap: JP¥101.8b

A regional financial institution, provides various banking products and services in Japan and internationally.

Konishi

Market Cap: JP¥74.6b

Manufactures and sells synthetic adhesives in Japan.

Kanro

Market Cap: JP¥52.0b

Manufactures and sells confectionery and food products in Japan.

Indo Tech Transformers

Market Cap: ₹23.0b

Manufactures and distributes transformers in India and internationally.

Bengal & Assam

Market Cap: ₹85.1b

Operates as an investment company in India and internationally.

Bonny Worldwide

Market Cap: NT$9.4b

Engages in the manufacture and sale of OEM and ODM carbon fiber rackets and related sporting goods.

Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou

Market Cap: CN¥5.9b

Manufactures and sells cleaning products in China.

Tibet TourismLtd

Market Cap: CN¥2.4b

Engages in the tourism, attractions, services, and commerce business in China.

Bakrie & Brothers

Market Cap: Rp5.2t

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

Nanfang Ventilator

Market Cap: CN¥4.3b

Designs and manufactures HVAC products in China.

Billion Industrial Holdings

Market Cap: HK$9.2b

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.

TOT BIOPHARM International

Market Cap: HK$1.4b

An investment holding company, engages in the research and development, manufacturing, and marketing of anti-tumor drugs in Mainland China and internationally.

AJIS

Market Cap: JP¥22.4b

Provides inventory and other retail support services in Asia.

Master Trust

Market Cap: ₹18.1b

Provides financial services in India.

Sinopower Semiconductor

Market Cap: NT$4.0b

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

Savior Lifetec

Market Cap: NT$6.8b

A specialty injectable company, develops, produces, and supplies sterile active pharmaceutical ingredients and finished dosage formulations.

CTCI Advanced Systems

Market Cap: NT$3.6b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Li Ming Development Construction

Market Cap: NT$5.0b

Li Ming Development Construction Co., Ltd.

Zhubo Design

Market Cap: CN¥2.2b

Provides integrated design services in China.

VCREDIT Holdings

Market Cap: HK$2.0b

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

Hong Tai Electric Industrial

Market Cap: NT$10.6b

Manufactures, processes, and sells wires and cables, communication products and accessories, and copper foil substrates.

Shanghai SK Automation TechnologyLtd

Market Cap: CN¥4.9b

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

Daoming Optics&ChemicalLtd

Market Cap: CN¥5.2b

Engages in the research and development, production, and sale of reflective materials and products worldwide.

Pan Asian Microvent Tech (Jiangsu)

Market Cap: CN¥3.7b

Provides micro permeable polymer and other membrane components for the automotive, packing, and protective air ventilation fields in China and internationally.

Monarch Networth Capital

Market Cap: ₹24.5b

Provides financial services to high net worth individuals, institutional and foreign investors, financial institutions, and corporate clients in India.

KinjiroLtd

Market Cap: JP¥16.1b

Provides human resource management (HRM) solution services.

Natural Food International Holding

Market Cap: HK$1.6b

An investment holding company, engages in the manufacture and sale of natural health food products in China.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.0b

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

Showbox

Market Cap: ₩200.4b

Engages in the investment, production, and distribution of films in South Korea, North America, Asia, Europe, and internationally.

Shanghai Material Trading

Market Cap: CN¥4.4b

Engages in the wholesale and retail of production materials for automobile and chemicals in China and internationally.

Taisun Enterprise

Market Cap: NT$10.5b

Engages in the processing, manufacturing, wholesaling, and retailing of oil, food and beverages, and flour products in Taiwan.