Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

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.

Johnson Chemical Pharmaceutical Works

Market Cap: NT$2.9b

Johnson Chemical Pharmaceutical Works Co., Ltd.

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.

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.

Zambia Sugar

Market Cap: K13.2b

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

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.

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.

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.

Darwin

Market Cap: €86.4m

Operates as a biotechnology company.

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.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Silvery Dragon Prestressed MaterialsLTD Tianjin

Market Cap: CN¥6.4b

Manufactures and sells prestressed steel products in China and internationally.

Ogaki Kyoritsu Bank

Market Cap: JP¥105.2b

A regional financial institution, provides various banking products and services in Japan and internationally.

Poly Plastic Masterbatch (SuZhou)Ltd

Market Cap: CN¥5.4b

Engages in the research and development, production, and sale of chemical fiber solution colorings and advanced functional modified materials in China and internationally.

Wuxi Xinan Technology

Market Cap: CN¥2.8b

Engages in the research, development, production, and sale of aluminum alloy auto parts for commercial vehicles and passenger cars.

Maxigen Biotech

Market Cap: NT$3.9b

Researches, develops, produces, and sells implantable medical devices and cosmetic products in Taiwan, America, Europe, rest of Asia, and internationally.

Shanghai Material Trading

Market Cap: CN¥4.2b

Engages in the wholesale and retail of production materials for automobile and chemicals in China and internationally.

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.

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.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥24.5b

Manages and operates ski resorts in Japan.

Neosem

Market Cap: ₩391.0b

Manufactures and sells semiconductor inspection equipment.

Hearts and Minds Investments

Market Cap: AU$737.3m

n/a

Shanghai Guangdian Electric Group

Market Cap: CN¥3.4b

Shanghai Guangdian Electric Group Co., Ltd.

WuHu Foresight TechnologyLtd

Market Cap: CN¥2.7b

Engages in the research and development, manufacture, and sale of automotive interior parts in China.

Shenzhen Zhongheng Huafa

Market Cap: CN¥2.7b

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

Guangdong Lingxiao Pump IndustryLtd

Market Cap: CN¥5.7b

Guangdong Lingxiao Pump Industry Co.,Ltd.

Anpec Electronics

Market Cap: NT$13.1b

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

Xinya Electronic

Market Cap: CN¥6.6b

Manufactures and sells wires and cables in China 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.

HannStar Board

Market Cap: NT$28.7b

Manufactures, assembles, and sells printed circuit boards (PCBs) in Taiwan.

TOMONY Holdings

Market Cap: JP¥111.2b

Through its subsidiaries, provides various banking and financial products and services.