Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Jordanian Duty Free Shops

Market Cap: د.أ153.0m

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

Luxchem Corporation Berhad

Market Cap: RM 443.6m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

C. Mer Industries

Market Cap: ₪414.5m

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

Mendelson Infrastructures & Industries

Market Cap: ₪719.1m

Mendelson Infrastructures & Industries Ltd.

Amir Marketing and Investments in Agriculture

Market Cap: ₪417.0m

Supplies and markets agricultural inputs in Israel.

Formula Systems (1985)

Market Cap: ₪6.6b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

OUG Holdings

Market Cap: JP¥19.4b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Terminal X Online

Market Cap: ₪684.7m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

Nikko

Market Cap: JP¥28.1b

Engages in the manufacture and sale of asphalt mixing and concrete batching plants in Asia.

Cresco

Market Cap: JP¥66.7b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

QuickLtd

Market Cap: JP¥42.0b

Engages in the recruiting, human resources service, information publishing, and Internet-related businesses in Japan and internationally.

Rimoni Industries

Market Cap: ₪471.1m

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.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Standard Chartered Bank Kenya

Market Cap: KSh115.1b

Provides various banking products and services for individuals and businesses.

Voltamp Energy SAOG

Market Cap: ر.ع77.2m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Britam Holdings

Market Cap: KSh20.9b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

TOMONY Holdings

Market Cap: JP¥117.4b

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

FALCO HOLDINGS

Market Cap: JP¥22.7b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Araya Industrial

Market Cap: JP¥23.1b

Manufactures and sells steel products in Japan and internationally.

Payton Industries

Market Cap: ₪511.7m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.4t

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

Shangri-La Hotel

Market Cap: ฿6.3b

Operates hotels in Bangkok and Chiang Mai provinces.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

KinjiroLtd

Market Cap: JP¥16.7b

Provides human resource management (HRM) solution services.

Padma Oil

Market Cap: ৳18.3b

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

Linde Bangladesh

Market Cap: ৳14.1b

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

Sun

Market Cap: MU₨6.6b

Operates in the tourism sector.

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.

Surya Citra Media

Market Cap: Rp11.4t

Provides multimedia services in Indonesia.

Cita Mineral Investindo

Market Cap: Rp15.8t

Engages in bauxite mining activities in Indonesia.

Cahaya Aero Services

Market Cap: Rp4.4t

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.

Jamuna Bank

Market Cap: ৳15.4b

Provides various banking products and services in Bangladesh.

Citra Tubindo

Market Cap: Rp6.4t

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

ITOCHU-SHOKUHIN

Market Cap: JP¥124.3b

Engages in the wholesale of food products and alcoholic beverages in Japan.

Toukei Computer

Market Cap: JP¥69.6b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.