Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

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 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.

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Capricorn Group

Market Cap: R11.0b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Morris State Bancshares

Market Cap: US$265.7m

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

MKH Berhad

Market Cap: RM 594.3m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

Tai Sin Electric

Market Cap: S$239.3m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Balaji Telefilms

Market Cap: ₹11.9b

Engages in the entertainment business in India and internationally.

Cherat Cement

Market Cap: PK₨56.4b

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

Cita Mineral Investindo

Market Cap: Rp15.7t

Engages in bauxite mining activities in Indonesia.

Gallantt Ispat

Market Cap: ₹152.1b

Engages in manufacture and sale of iron and steel products in India.

National Investments Company K.S.C.P

Market Cap: د.ك199.3m

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

Central Finance

Market Cap: LK₨64.3b

Provides various financial solutions primarily in Sri Lanka.

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

Market Cap: د.ك44.9m

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

Baazeem Trading

Market Cap: ر.س587.3m

Operates as a FMCG distribution company.

National Credit and Commerce Bank

Market Cap: ৳12.7b

Provides various commercial banking products and services in Bangladesh.

AB Vilkyskiu pienine

Market Cap: €122.4m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Linde Bangladesh

Market Cap: ৳15.4b

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

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

Market Cap: د.ك38.7m

A private equity firm specializing in direct and fund investments.

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

Market Cap: د.ك45.3m

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

Palasino Holdings

Market Cap: HK$2.1b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

KP Green Engineering

Market Cap: ₹27.1b

Engages in engineering and manufacture of steel structure in India.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك180.7m

Engages in insurance and reinsurance operations in Kuwait.

3B Blackbio Dx

Market Cap: ₹12.8b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

Network People Services Technologies

Market Cap: ₹36.4b

Develops payments infrastructure for banks, payment aggregators, and merchants in India.

Padma Oil

Market Cap: ৳19.6b

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

Innovana Thinklabs

Market Cap: ₹11.7b

Engages in the software and application development business in India, the United States, and internationally.

Practic

Market Cap: RON 736.5m

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

MAPFRE Middlesea

Market Cap: €110.4m

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

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

SML Isuzu

Market Cap: ₹58.4b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Indo Amines

Market Cap: ₹11.6b

Engages in the manufacture, distribution, and sale of fine and specialty chemicals in India and internationally.

SALUS Ljubljana d. d

Market Cap: €327.1m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.