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.

ShenZhen Click TechnologyLTD

Market Cap: CN¥5.8b

Designs, produces, sells, and services LED lighting power supplies, power battery chargers, communication power supplies, adapters, magnetic components, electric car chargers, charging piles, and others in China and internationally.

3B Blackbio Dx

Market Cap: ₹12.6b

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

Zhejiang Chinastars New Materials Group

Market Cap: CN¥3.2b

Zhejiang Chinastars New Materials Group Co., Ltd.

BIOBIJOULtd

Market Cap: ₩260.1b

Engages in the research, development, manufacturing, and sale of skin booster and filler products in South Korea.

Sun

Market Cap: MU₨6.5b

Operates in the tourism sector.

Sesoda

Market Cap: NT$7.6b

Manufactures and markets sulfate of potash (SOP) in Taiwan.

Zhejiang Fuchunjiang Environmental ThermoelectricLTD

Market Cap: CN¥4.2b

Zhejiang Fuchunjiang Environmental Thermoelectric Co.,LTD.

First Copper Technology

Market Cap: NT$11.4b

Produces and sells copper and copper alloy strips in Taiwan and internationally.

CHANGE HoldingsInc

Market Cap: JP¥82.2b

Provides IT human resources development training services in Japan.

Anji Foodstuff

Market Cap: CN¥2.5b

Engages in the research and development, production, and sale of condiments in China and internationally.

Nanjing Well Pharmaceutical GroupLtd

Market Cap: CN¥3.5b

Nanjing Well Pharmaceutical Group Co.,Ltd.

Wison Engineering Services

Market Cap: HK$1.5b

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

Taiyo KagakuLtd

Market Cap: JP¥29.7b

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

Cantabil Retail India

Market Cap: ₹21.3b

Engages in designing, manufacturing, branding, and retailing apparel and apparel accessories in India.

Tokyo Tekko

Market Cap: JP¥46.3b

Engages in the manufacture and sale of steel products for the construction industry in Japan.

Lan Fa Textile

Market Cap: NT$3.7b

Engages in the manufacture and sale of polyester textured yarn in Taiwan.

Maezawa Kasei Industries

Market Cap: JP¥27.5b

Produces and sells water and sewerage related products, and environmental equipment.

Iljin DiamondLtd

Market Cap: ₩191.1b

Iljin Diamond Co., Ltd. manufactures and sells tool materials in South Korea, the United States, Europe, Japan, China, and internationally.

Yuken India

Market Cap: ₹15.0b

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

PAN Group

Market Cap: ₫5.6t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

SML Isuzu

Market Cap: ₹26.4b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Togami Electric Mfg

Market Cap: JP¥16.2b

Engages in manufacturing and sale of power distribution and control equipment in Japan.

Shangri-La Hotel

Market Cap: ฿6.2b

Operates hotels in Bangkok and Chiang Mai provinces.

Luyin Investment GroupLtd

Market Cap: CN¥4.2b

Engages in the production and sale of powder metallurgy materials and products, and salt and salt chemical products in China and internationally.

Orient Pharma

Market Cap: NT$8.3b

Engages in the research and development, manufacturing, and sales of drugs in Taiwan and internationally.

Camelot Electronics TechnologyLtd

Market Cap: CN¥3.5b

Engages in the research, production, and sale of printed circuit boards in China and internationally.

Shenzhen Zhongheng Huafa

Market Cap: CN¥2.7b

Produces and sells injection molded parts, foam parts, and liquid crystal display monitors.

Jagsonpal Pharmaceuticals

Market Cap: ₹14.2b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Indo Tech Transformers

Market Cap: ₹21.1b

Manufactures and distributes transformers in India and internationally.

Shantou Institute of Ultrasonic Instrument

Market Cap: CN¥10.3b

Shantou Institute of Ultrasonic Instrument Co., Ltd.

AOKI Holdings

Market Cap: JP¥137.1b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.

Keli Motor Group

Market Cap: CN¥9.7b

Engages in the research and development, manufacture, and sale of micro motors in China.

Suzhou Highfine Biotech

Market Cap: CN¥5.4b

Manufactures and sells chemicals for pharmaceutical research and development, and API production companies in China.

Minmetals Development

Market Cap: CN¥8.0b

Engages in resource trading, metal trading, and supply chain services in China and internationally.

Shandong Longquan Pipe IndustryLtd

Market Cap: CN¥2.5b

Engages in the production, sale, installation, and service of prestressed concrete cylinder pipes and metal pipe fittings in China.