Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Billion Industrial Holdings

Market Cap: HK$9.6b

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.

Cita Mineral Investindo

Market Cap: Rp15.5t

Engages in bauxite mining activities in Indonesia.

Wholetech System Hitech

Market Cap: NT$7.3b

Provides system integration services in Taiwan, China, and Singapore.

Fortune Mate Indonesia

Market Cap: Rp2.2t

Provides real estate development and construction services in Indonesia.

Li Ming Development Construction

Market Cap: NT$4.9b

Li Ming Development Construction Co., Ltd.

Vinacomin - Power Holding

Market Cap: ₫8.7t

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.

Sun

Market Cap: MU₨6.6b

Operates in the tourism sector.

Cahaya Aero Services

Market Cap: Rp4.3t

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.

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.

Linde Bangladesh

Market Cap: ৳13.6b

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

Padma Oil

Market Cap: ৳18.1b

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp16.8t

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

Mark Dynamics Indonesia

Market Cap: Rp2.6t

Manufactures and sells hand former products in Indonesia and internationally.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

Yulie Sekuritas Indonesia

Market Cap: Rp4.2t

Operates as a securities company in Indonesia.

TSTE

Market Cap: ฿4.2b

Primarily engages in the production and distribution of wheat flour in Thailand.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.3t

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

Tait Marketing & Distribution

Market Cap: NT$4.3b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Bank Ganesha

Market Cap: Rp1.8t

Provides various general banking products and services for individuals and businesses in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥32.3b

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

Jamuna Bank

Market Cap: ৳15.8b

Provides various banking products and services in Bangladesh.

Surya Citra Media

Market Cap: Rp9.4t

Provides multimedia services in Indonesia.

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.

Decora

Market Cap: zł784.7m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

C. Mer Industries

Market Cap: ₪427.8m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Amir Marketing and Investments in Agriculture

Market Cap: ₪444.3m

Supplies and markets agricultural inputs in Israel.

Viohalco

Market Cap: €1.6b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

Morris State Bancshares

Market Cap: US$234.2m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

ANSA Merchant Bank

Market Cap: TT$3.3b

Provides a range of banking and financial services in Trinidad and Tobago, and Barbados.

va-Q-tec

Market Cap: €383.3m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺8.2b

A real estate investment trust.

Purple Group

Market Cap: R2.2b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Lampsa Hellenic Hotels

Market Cap: €854.6m

Operates hotels primarily in Greece, Cyprus, and Serbia.

Rimoni Industries

Market Cap: ₪466.1m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.