Global Undiscovered Gems With Strong Fundamentals

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

CTCI Advanced Systems

Market Cap: NT$3.3b

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

Cita Mineral Investindo

Market Cap: Rp15.8t

Engages in bauxite mining activities in Indonesia.

Cahaya Aero Services

Market Cap: Rp4.4t

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.

Citra Tubindo

Market Cap: Rp3.9t

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

Luxchem Corporation Berhad

Market Cap: RM 470.3m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

Bank Ganesha

Market Cap: Rp1.9t

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

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

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

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Dwi Guna Laksana

Market Cap: Rp2.4t

Engages in the coal mining and trading activities in Indonesia.

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.

Bank MNC Internasional

Market Cap: Rp2.4t

Provides various banking products and services in Indonesia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.8t

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

Fortune Mate Indonesia

Market Cap: Rp2.5t

Provides real estate development and construction services in Indonesia.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك179.5m

Engages in insurance and reinsurance operations in Kuwait.

Sinopower Semiconductor

Market Cap: NT$3.8b

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

Wholetech System Hitech

Market Cap: NT$6.8b

Provides system integration services in Taiwan, China, and Singapore.

Donpon Precision

Market Cap: NT$3.4b

Researches, develops, manufactures, and sells automotive electronic products and plastic precision components in Taiwan and Mainland China.

Gallant Precision Machining

Market Cap: NT$13.8b

Engages in the research and development, production, manufacture, and sale of flat panel display testing, semiconductor assembly, and intelligent automation equipment in Taiwan, China, and internationally.

Philippine Savings Bank

Market Cap: ₱24.8b

Primarily engages in savings and mortgage banking activities in the Philippines.

Eclatorq Technology

Market Cap: NT$3.4b

Manufactures and sells hand tools in Taiwan.

Pizu Group Holdings

Market Cap: HK$1.6b

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

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Asian Terminals

Market Cap: ₱46.8b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Shangri-La Hotel

Market Cap: ฿6.3b

Operates hotels in Bangkok and Chiang Mai provinces.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Societe de Limonaderies et de Boissons Rafraichissantes d'Afrique

Market Cap: XOF 259.5b

Engages in the manufacture and sale of beer, soft drinks, mineral water, alcomixes, and energy drink products.

AB Traction

Market Cap: SEK 4.0b

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

Pure Cycle

Market Cap: US$258.3m

Provides wholesale water and wastewater services in the United States.

FRMO

Market Cap: US$369.4m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Linc

Market Cap: SEK 4.2b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

Caisse Regionale de Credit Agricole Mutuel Toulouse 31

Market Cap: €406.6m

Operates as a cooperative bank in France.

Bank of Africa Mali

Market Cap: XOF 86.5b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 66.3b

Processes heavy bitumen crude in Africa.

SALUS Ljubljana d. d

Market Cap: €374.8m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Flügger group

Market Cap: DKK 992.1m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.