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.

Bakrie & Brothers

Market Cap: Rp4.9t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

Linde Bangladesh

Market Cap: ৳12.8b

Manufactures and supplies industrial and medical gases, anesthesia, and ancillary equipment in Bangladesh.

Advanced International Multitech

Market Cap: NT$9.7b

Advanced International Multitech Co., Ltd.

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services 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.

Sinopower Semiconductor

Market Cap: NT$3.7b

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

Brillian Network & Automation Integrated System

Market Cap: NT$8.0b

Brillian Network & Automation Integrated System Co.

Wholetech System Hitech

Market Cap: NT$6.8b

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

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.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥29.5b

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

Jamuna Bank

Market Cap: ৳14.9b

Provides various banking products and services in Bangladesh.

ShareHope Medicine

Market Cap: NT$3.6b

Provides integrated medical services in Taiwan.

Bank Ganesha

Market Cap: Rp1.9t

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

Dwi Guna Laksana

Market Cap: Rp2.3t

Engages in the coal mining and trading activities in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

AB Vilkyskiu pienine

Market Cap: €133.2m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Billion Industrial Holdings

Market Cap: HK$9.7b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Citra Tubindo

Market Cap: Rp5.2t

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

Powertip Image

Market Cap: NT$5.4b

Manufactures and sells electronic components and optical instruments in Mainland China, Taiwan, and internationally.

Grade Upon Technology

Market Cap: NT$6.1b

Grade Upon Technology Corporation develops, manufactures, and sells sensor device products in Taiwan.

Eclatorq Technology

Market Cap: NT$3.2b

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.

Co-Tech Development

Market Cap: NT$14.5b

Engages in the production and sale of copper foil for printed circuit board industry in Taiwan and China.

Savior Lifetec

Market Cap: NT$6.4b

A specialty injectable company, develops, produces, and supplies sterile active pharmaceutical ingredients and finished dosage formulations.

Mark Dynamics Indonesia

Market Cap: Rp2.7t

Manufactures and sells hand former products in Indonesia and internationally.

Padma Oil

Market Cap: ৳17.6b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Cita Mineral Investindo

Market Cap: Rp15.9t

Engages in bauxite mining activities in Indonesia.

AIC

Market Cap: NT$12.6b

Provides OEM/ODM, commercial off-the-shelf, and server and storage solutions in the United States, Asia, and Europe.

Anpec Electronics

Market Cap: NT$12.0b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.6m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Gallant Precision Machining

Market Cap: NT$13.9b

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.

ABG Sundal Collier Holding

Market Cap: NOK 3.4b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.