Global Undiscovered Gems With Strong Fundamentals

AB Vilkyskiu pienine

Market Cap: €141.5m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Mark Dynamics Indonesia

Market Cap: Rp3.0t

Manufactures and sells hand former products in Indonesia and internationally.

Pakistan National Shipping

Market Cap: PK₨71.9b

Engages in the shipping business worldwide.

Cita Mineral Investindo

Market Cap: Rp15.9t

Engages in bauxite mining activities in Indonesia.

Dwi Guna Laksana

Market Cap: Rp2.4t

Engages in the coal mining and trading activities in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.4t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Ruentex Interior Design

Market Cap: NT$3.6b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Linde Bangladesh

Market Cap: ৳12.3b

Manufactures and supplies industrial and medical gases, anesthesia, and ancillary equipment in Bangladesh.

Fortune Mate Indonesia

Market Cap: Rp2.6t

Provides real estate development and construction services in Indonesia.

Jordanian Duty Free Shops

Market Cap: د.أ157.7m

Invests in, operates, and manages duty-free shops.

Citra Tubindo

Market Cap: Rp3.5t

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.1t

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

Cahaya Aero Services

Market Cap: Rp4.2t

PT Cardig Aero Services Tbk, together with its subsidiaries, 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.

Yibin City Commercial Bank

Market Cap: HK$12.0b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Nestlé Pakistan

Market Cap: PK₨317.9b

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

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sun

Market Cap: MU₨7.1b

Operates in the tourism sector.

C.I. Holdings Berhad

Market Cap: RM 434.2m

An investment holding company, engages in manufacturing, selling, and packing various types of edible oils in Malaysia, Africa, Asia, and internationally.

Pizu Group Holdings

Market Cap: HK$1.5b

An investment holding company, engages in the manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Bank Ganesha

Market Cap: Rp2.0t

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

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك176.3m

Engages in insurance and reinsurance operations in Kuwait.

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.

Jamuna Bank

Market Cap: ৳14.3b

Provides various banking products and services in Bangladesh.

Padma Oil

Market Cap: ৳17.2b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Sugar Terminals

Market Cap: AU$349.2m

Provides storage and handling solutions for bulk sugar and other commodities in Australia.

AB Traction

Market Cap: SEK 4.1b

A private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments.

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.

Solesence

Market Cap: US$262.2m

A science-driven company, develops, manufactures, and sells integrated family of technologies in the United States.

Qudian

Market Cap: US$467.3m

Operates as a consumer-oriented technology company in the People’s Republic of China.

Lampsa Hellenic Hotels

Market Cap: €790.5m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Innovex International

Market Cap: US$971.9m

Designs, manufactures, sells, and rents mission critical engineered products to the oil and natural gas industry worldwide.

Eurofins-Cerep

Market Cap: €103.9m

Provides various drug discovery services to pharmaceutical, biopharmaceutical, and biotechnology companies France and internationally.

Castellana Properties Socimi

Market Cap: €912.6m

As of December 20, 2016, Castellana Properties Socimi, S.A.