Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Johnson Chemical Pharmaceutical Works

Market Cap: NT$2.9b

Johnson Chemical Pharmaceutical Works Co., Ltd.

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.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

NICO Holdings

Market Cap: MK 902.2b

Engages in general insurance, life assurance, pension administration, banking, corporate finance advisory, asset management, and information technology (IT) businesses in in Malawi, Zambia, Uganda, and Mozambique.

Chilanga Cement

Market Cap: K6.1b

Engages in the manufacture and sale of cement products in Zambia.

Jadranski naftovod d.d

Market Cap: €836.4m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Zambia Sugar

Market Cap: K13.2b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

DorightLtd

Market Cap: CN¥3.4b

Engages in the design, research and development, manufacture, inspection, sale, and servicing of energy-saving environmental protection equipment in China.

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.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Darwin

Market Cap: €86.4m

Operates as a biotechnology company.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Potasios de Chile

Market Cap: CL$536.2b

Engages in investment in shares and other financial instruments in Chile.

Lumax International

Market Cap: NT$9.6b

Provides electronic components and program-controlled instruments in Taiwan and China.

Answer Technology

Market Cap: NT$5.3b

Engages in the import, export, and trading of electronic parts in Taiwan, Asia, Europe, and internationally.

Central Finance

Market Cap: LK₨60.0b

Provides various financial solutions primarily in Sri Lanka.

CMC

Market Cap: JP¥19.4b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

Sinomag Technology

Market Cap: CN¥4.7b

Engages in the research and development, production, and sale of permanent ferrite magnets and soft magnetic cores and components worldwide.

Jiangsu Lianfa TextileLtd

Market Cap: CN¥2.7b

Engages in the manufacture and sale of textile products in China.

Bharat Rasayan

Market Cap: ₹46.7b

Manufactures and sells technical grade pesticides and intermediates in India.

Haitian Water GroupLtd

Market Cap: CN¥4.0b

Provides water and environmental protection services in China.

Maezawa Kasei Industries

Market Cap: JP¥26.4b

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

Cherat Cement

Market Cap: PK₨56.4b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Tsubakimoto Kogyo

Market Cap: JP¥44.3b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

Ryoyu Systems

Market Cap: JP¥45.6b

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

Zkteco

Market Cap: CN¥6.6b

ZKTeco Co., Ltd. provides biometric verification algorithm techniques, sensors, and software platform worldwide.

Credo Brands Marketing

Market Cap: ₹10.9b

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

AIC

Market Cap: NT$13.8b

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

Fengyinhe Holdings

Market Cap: HK$1.0b

An investment holding company, provides various financial services to real estate market in the People’s Republic of China.

Tibet TourismLtd

Market Cap: CN¥2.6b

Engages in the tourism, attractions, services, and commerce business in China.

ManpowerGroup Greater China

Market Cap: HK$975.3m

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.

Nantong Guosheng Intelligence Technology Group

Market Cap: CN¥3.2b

Nantong Guosheng Intelligence Technology Group Co., Ltd.