Global Undiscovered Gems With Strong Fundamentals

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.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

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

Zambia Sugar

Market Cap: K13.2b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Central Cooperative Bank AD

Market Cap: лв213.6m

A commercial bank, provides various financial products and services.

Practic

Market Cap: RON 570.2m

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

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Capricorn Group

Market Cap: R10.9b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Jadranski naftovod d.d

Market Cap: €826.3m

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

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Hefei Gocom Information TechnologyLtd

Market Cap: CN¥1.5b

Hefei Gocom Information Technology Co.,Ltd.

Bajel Projects

Market Cap: ₹25.3b

Engages in the engineering, procurement, and construction business in the power transmission and distribution sectors in India and internationally.

Alf Meem Yaa for Medical Supplies and Equipment

Market Cap: ر.س809.2m

Engages in the wholesale and retail trade of medical supplies for the aesthetic market in the Kingdom of Saudi Arabia.

PBA Holdings Bhd

Market Cap: RM 622.3m

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

Pro-Hawk

Market Cap: NT$5.6b

Designs, develops, manufactures, and markets bearings, rollers, injection parts, and OEM parts worldwide.

Firich Enterprises

Market Cap: NT$7.6b

Engages in the assembly, manufacture, import, and export of business-oriented computers and its peripheral equipment in Taiwan, China, rest of the Asia, Europe, and the United States.

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك42.4m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

Wuxi Xinan Technology

Market Cap: CN¥2.6b

Engages in the research, development, production, and sale of aluminum alloy auto parts for commercial vehicles and passenger cars.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

AGI Infra

Market Cap: ₹20.9b

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

Lotus Chocolate

Market Cap: ₹18.1b

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

Xinya Electronic

Market Cap: CN¥5.0b

Manufactures and sells wires and cables in China and internationally.

Silvery Dragon Prestressed MaterialsLTD Tianjin

Market Cap: CN¥6.1b

Manufactures and sells prestressed steel products in China and internationally.

Advanced International Multitech

Market Cap: NT$9.7b

Advanced International Multitech Co., Ltd.

Subaru Enterprise

Market Cap: JP¥37.0b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

ITCENGLOBAL

Market Cap: ₩614.9b

Provides consulting, ICT, and outsourcing services and solutions in South Korea.

Johnson Chemical Pharmaceutical Works

Market Cap: NT$3.0b

Johnson Chemical Pharmaceutical Works Co., Ltd.

Poly Plastic Masterbatch (SuZhou)Ltd

Market Cap: CN¥6.1b

Engages in the research and development, production, and sale of chemical fiber solution colorings and advanced functional modified materials in China and internationally.

Om Infra

Market Cap: ₹12.0b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.

Macpower CNC Machines

Market Cap: ₹9.3b

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

Shanghai SK Automation TechnologyLtd

Market Cap: CN¥5.9b

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¥5.4b

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

Concord Enviro Systems

Market Cap: ₹11.8b

Engages in the design, manufacture, installation, operation, and maintenance of industrial water and wastewater treatment, and reuse and zero liquid discharge systems and plants.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.1b

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

Standard Chartered Bank Kenya

Market Cap: KSh106.6b

Provides various banking products and services for individuals and businesses.

Li Ming Development Construction

Market Cap: NT$5.0b

Li Ming Development Construction Co., Ltd.