Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك39.2m

A private equity firm specializing in direct and fund investments.

Najran Cement

Market Cap: ر.س1.4b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Fortune Mate Indonesia

Market Cap: Rp2.2t

Provides real estate development and construction services in Indonesia.

Billion Industrial Holdings

Market Cap: HK$9.5b

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.

Padma Oil

Market Cap: ৳18.0b

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

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك45.7m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

Linde Bangladesh

Market Cap: ৳13.6b

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

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.

Yibin City Commercial Bank

Market Cap: HK$12.0b

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

Capricorn Group

Market Cap: R11.0b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.0t

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

Cita Mineral Investindo

Market Cap: Rp15.8t

Engages in bauxite mining activities in Indonesia.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك174.0m

Engages in insurance and reinsurance operations in Kuwait.

National Investments Company K.S.C.P

Market Cap: د.ك200.1m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

Saudi Chemical Holding

Market Cap: ر.س6.2b

Saudi Chemical Holding Company manufacture, wholesale, and retail trade of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment in the Kingdom of Saudi Arabia and internationally.

MAPFRE Middlesea

Market Cap: €128.8m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Sure Global Tech

Market Cap: ر.س621.6m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Citra Tubindo

Market Cap: Rp6.6t

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

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك45.1m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Yulie Sekuritas Indonesia

Market Cap: Rp4.7t

Operates as a securities company in Indonesia.

Jordanian Duty Free Shops

Market Cap: د.أ153.0m

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

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.

Vinacomin - Power Holding

Market Cap: ₫8.4t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Mitake Information

Market Cap: NT$3.1b

Provides mobile financial information trading platform in Taiwan.

Cahaya Aero Services

Market Cap: Rp4.2t

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.

Johnson Chemical Pharmaceutical Works

Market Cap: NT$2.9b

Johnson Chemical Pharmaceutical Works Co., Ltd.

Practic

Market Cap: RON 736.5m

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

Dwi Guna Laksana

Market Cap: Rp2.0t

Engages in the coal mining and trading activities in Indonesia.

Li Ming Development Construction

Market Cap: NT$4.9b

Li Ming Development Construction Co., Ltd.

CTCI Advanced Systems

Market Cap: NT$3.2b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Advanced International Multitech

Market Cap: NT$10.0b

Advanced International Multitech Co., Ltd.

Sun

Market Cap: MU₨7.0b

Operates in the tourism sector.