Global Undiscovered Gems With Strong Fundamentals

Yashima Denki

Market Cap: JP¥35.8b

Provides plant business, industry/equipment, and transportation business in Japan and internationally.

Tait Marketing & Distribution

Market Cap: NT$4.4b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Dong Fang Offshore

Market Cap: NT$35.9b

Offers vessel solutions for offshore wind projects, which include guard, MMO, CTV, HDD, transportation, berth, and cargo transfer services.

Toukei Computer

Market Cap: JP¥70.1b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

Knowledge Marine & Engineering Works

Market Cap: ₹17.9b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Thai Steel Cable

Market Cap: ฿3.4b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Top Union Electronics

Market Cap: NT$5.0b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Pan Asian Microvent Tech (Jiangsu)

Market Cap: CN¥4.9b

Engages in the research and development, design, production, and sale of e-PTFE micro-permeable membranes and aerogels in China and internationally.

Ruentex Interior Design

Market Cap: NT$3.5b

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

Techshine ElectronicsLtd

Market Cap: CN¥4.3b

Engages in the research and development, design, production, and sale of LCD liquid crystal displays, LCM black and white modules, and TFT color screen modules in China.

Shipping Corporation of India

Market Cap: ₹105.8b

A marginal liner shipping company, engages in business of transporting goods in India.

Ningbo Henghe Precision IndustryLtd

Market Cap: CN¥2.9b

Ningbo Henghe Precision Industry Co.,Ltd.

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.

Bengal & Assam

Market Cap: ₹86.5b

Operates as an investment company in India and internationally.

Oswal Greentech

Market Cap: ₹12.1b

Develops real estate projects in India.

Triocean Industrial Corporation

Market Cap: NT$4.8b

Engages in the construction business in Taiwan.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.7b

Researches, develops, produces, and sells black sesame health products in China.

Jih Lin Technology

Market Cap: NT$4.6b

Manufactures and sells lead frames and tooling products in Taiwan, China, and internationally.

Pro-Hawk

Market Cap: NT$5.6b

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

Ryoyu Systems

Market Cap: JP¥44.4b

Provides information technology (IT) solutions for various industries in Japan.

Firich Enterprises

Market Cap: NT$7.5b

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.

104

Market Cap: NT$7.6b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

Hong Ho Precision TextileLtd

Market Cap: NT$3.5b

Manufactures and sells various textiles in Taiwan.

Hong Leong Finance

Market Cap: S$1.1b

Operates as a financial services company for consumer, and small and medium-sized enterprises (SMEs) markets in Singapore.

Brillian Network & Automation Integrated System

Market Cap: NT$8.1b

Brillian Network & Automation Integrated System Co.

Allmed Medical ProductsLtd

Market Cap: CN¥5.3b

Engages in the manufacture and sale of wound care and nursing material products in China.

Uniplus Electronics

Market Cap: NT$4.9b

Engages in the research and development, manufacture, processing, and trading of printed circuit boards in Taiwan.

Citra Tubindo

Market Cap: Rp4.3t

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

VCREDIT Holdings

Market Cap: HK$2.0b

An investment holding company, provides technology-driven consumer financial services to borrowers in the People’s Republic of China and Hong Kong.

Sky Gold and Diamonds

Market Cap: ₹58.9b

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

Yibin City Commercial Bank

Market Cap: HK$12.1b

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

Guangzhou Devotion Thermal Technology

Market Cap: CN¥2.5b

Guangzhou Devotion Thermal Technology Co., Ltd.

Cahaya Aero Services

Market Cap: Rp4.5t

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.

Hangzhou Fortune Gas Cryogenic Group

Market Cap: CN¥5.5b

Hangzhou Fortune Gas Cryogenic Group Co., Ltd.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥22.2b

Manages and operates ski resorts in Japan.

Ogaki Kyoritsu Bank

Market Cap: JP¥100.7b

A regional financial institution, provides various banking products and services in Japan and internationally.