Global Undiscovered Gems With Strong Fundamentals

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.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

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

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Citra Tubindo

Market Cap: Rp3.8t

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

Bharat Rasayan

Market Cap: ₹40.5b

Manufactures and sells technical grade pesticides and intermediates in India.

Ampire

Market Cap: NT$3.6b

Manufactures and sells liquid crystal display (LCD) modules for industrial applications in the Oceania, Taiwan, Asia, Africa, the Americas, and Europe.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Standard Chartered Bank Kenya

Market Cap: KSh102.0b

Provides various banking products and services for individuals and businesses.

Li Ming Development Construction

Market Cap: NT$4.9b

Li Ming Development Construction Co., Ltd.

Macpower CNC Machines

Market Cap: ₹9.3b

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

AGI Infra

Market Cap: ₹20.1b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

Lotus Chocolate

Market Cap: ₹13.0b

Manufactures and sells chocolates, cocoa products, and cocoa derivatives to chocolate makers and users in India.

Wealth First Portfolio Managers

Market Cap: ₹9.4b

Provides share and stock broking services in India.

PBA Holdings Bhd

Market Cap: RM 662.0m

An investment holding company, operates as a water supplier in Malaysia.

Jagsonpal Pharmaceuticals

Market Cap: ₹15.2b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Force Motors

Market Cap: ₹154.8b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

Taiyo KagakuLtd

Market Cap: JP¥29.3b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan 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.

Genesys International

Market Cap: ₹30.4b

Provides geographical information services in India and internationally.

Rir Power Electronics

Market Cap: ₹18.3b

Engages in the manufacture and sale of power semiconductor devices and high-power equipment in India.

Mark Dynamics Indonesia

Market Cap: Rp3.0t

Manufactures and sells hand former products in Indonesia and internationally.

Credo Brands Marketing

Market Cap: ₹11.4b

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

Sky Gold and Diamonds

Market Cap: ₹57.2b

Designs, manufactures, assembles, cuts, polishes, markets, and sells gold and silver jewelry in India.

Sanstar

Market Cap: ₹17.0b

Manufactures and sells plant-based specialty products and ingredient solutions in India and internationally.

DAM Capital Advisors

Market Cap: ₹19.2b

Provides investment banking services.

Indofood Agri Resources

Market Cap: S$439.7m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

Bank Ganesha

Market Cap: Rp2.0t

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp18.8t

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

Network People Services Technologies

Market Cap: ₹38.8b

Develops payments infrastructure for banks, payment aggregators, and merchants in India.

Krishana Phoschem

Market Cap: ₹24.6b

Engages in the manufacture and sale of fertilizers and chemicals in India.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك176.3m

Engages in insurance and reinsurance operations in Kuwait.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

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

Market Cap: د.ك44.1m

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

Fortune Mate Indonesia

Market Cap: Rp2.6t

Provides real estate development and construction services in Indonesia.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Hind Rectifiers

Market Cap: ₹21.5b

Engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally.