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.

Metalpha Technology Holding

Market Cap: US$133.6m

Provides wealth management services in Hong Kong.

Zona Franca de Iquique

Market Cap: CL$237.7b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Sparta

Market Cap: €86.8m

A publicly owned investment manager.

Vantage

Market Cap: US$134.4m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Decora

Market Cap: zł826.9m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

Guangdong Delian Group

Market Cap: CN¥3.9b

Engages in the automobile fine chemicals, automobile sales service, and automobile repair and maintenance businesses, and development of new application scenarios in China.

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.

Creative & Innovative System

Market Cap: ₩543.9b

Manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc.

Practic

Market Cap: RON 570.2m

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

Forth Smart Service

Market Cap: ฿4.7b

Provides prepaid mobile top-up services in Thailand.

TSTE

Market Cap: ฿4.3b

Primarily engages in the production and distribution of wheat flour in Thailand.

Sinotherapeutics

Market Cap: CN¥4.7b

A specialty pharmaceutical company, develops generic and formulation products in China.

Bank Ganesha

Market Cap: Rp1.9t

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

Jiangsu Lianfa TextileLtd

Market Cap: CN¥2.6b

Engages in the manufacture and sale of textile products in China.

Wison Engineering Services

Market Cap: HK$1.4b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Hong Ho Precision TextileLtd

Market Cap: NT$3.5b

Manufactures and sells various textiles in Taiwan.

BBK Test Systems

Market Cap: CN¥3.5b

Manufactures and sells automotive and structural testing equipment in China and internationally.

GakkyushaLtd

Market Cap: JP¥24.6b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

Shri Jagdamba Polymers

Market Cap: ₹9.6b

Engages in the manufacture and sale of technical textile products in India.

Techno Ryowa

Market Cap: JP¥73.0b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Jiangsu Longda Superalloy

Market Cap: CN¥4.1b

Engages in research, development, production, and sale of metal alloy products in China and internationally.

SALUS Ljubljana d. d

Market Cap: €353.4m

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

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.

Komori

Market Cap: JP¥78.4b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.

OpenWork

Market Cap: JP¥23.6b

Develops and manages a job and recruitment information platform in Japan.

Itafos

Market Cap: CA$498.5m

Operates as a phosphate and specialty fertilizer company.

Ningbo Kangqiang Electronics

Market Cap: CN¥5.9b

Manufactures and sells semiconductor packaging materials in China.

Ascentech K.K

Market Cap: JP¥20.2b

Provides virtual desktop infrastructure (VDI) and IT infrastructure solutions in Japan.

Shandong Sacred Sun Power SourcesLtd

Market Cap: CN¥6.0b

Provides green energy solutions worldwide.

Dura Tek

Market Cap: NT$3.6b

Designs and develops simulation testing machines for various components.

Wealth First Portfolio Managers

Market Cap: ₹13.1b

Provides share and stock broking services in India.

Genesys International

Market Cap: ₹28.1b

Provides geographical information services in India and internationally.

Abans Financial Services

Market Cap: ₹12.1b

Operates as a non-banking finance company in India, and internationally.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.5b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.