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.

Jordanian Duty Free Shops

Market Cap: د.أ150.8m

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

KP Green Engineering

Market Cap: ₹26.5b

Engages in engineering and manufacture of steel structure in India.

AB Vilkyskiu pienine

Market Cap: €135.0m

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

Concord Enviro Systems

Market Cap: ₹11.6b

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

Padma Oil

Market Cap: ৳17.6b

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

Donpon Precision

Market Cap: NT$3.4b

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

Nestlé Pakistan

Market Cap: PK₨317.9b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Cita Mineral Investindo

Market Cap: Rp15.8t

Engages in bauxite mining activities in Indonesia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.6b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Credo Brands Marketing

Market Cap: ₹10.9b

Credo Brands Marketing Limited retails men’s casual wear under the MUFTI brand name in India.

Central Finance

Market Cap: LK₨52.7b

Provides various financial solutions primarily in Sri Lanka.

Cigniti Technologies

Market Cap: ₹46.4b

Provides software testing services worldwide.

Bakrie & Brothers

Market Cap: Rp4.7t

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

Te Chang Construction

Market Cap: NT$7.0b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

Saint-Gobain Sekurit India

Market Cap: ₹10.1b

Manufactures and sells laminated and tempered automotive glass in India.

Sun

Market Cap: MU₨6.5b

Operates in the tourism sector.

Taiyo KagakuLtd

Market Cap: JP¥29.7b

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

3B Blackbio Dx

Market Cap: ₹12.9b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

Yibin City Commercial Bank

Market Cap: HK$11.9b

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

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.

Citra Tubindo

Market Cap: Rp6.2t

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

Alembic

Market Cap: ₹29.4b

Engages in real estate business in India and internationally.

VICOM

Market Cap: S$503.5m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Bharat Rasayan

Market Cap: ₹42.8b

Manufactures and sells technical grade pesticides and intermediates in India.

Shri Jagdamba Polymers

Market Cap: ₹9.7b

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

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services in Indonesia.

Sky Gold and Diamonds

Market Cap: ₹52.7b

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp18.3t

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

Om Infra

Market Cap: ₹12.2b

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.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

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

Practic

Market Cap: RON 570.2m

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

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

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.

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Yuken India

Market Cap: ₹14.4b

Engages in the manufacture and sale of oil hydraulic equipment primarily in India.