Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م12.9b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Padma Oil

Market Cap: ৳20.0b

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

Voltamp Energy SAOG

Market Cap: ر.ع77.6m

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

VCREDIT Holdings

Market Cap: HK$1.6b

An investment holding company, provides technology-driven consumer financial services to borrowers in the People’s Republic of China and Hong Kong.

Taiyo KagakuLtd

Market Cap: JP¥33.1b

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

Bakrie & Brothers

Market Cap: Rp4.5t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

Sun

Market Cap: MU₨7.5b

Operates in the tourism sector.

Bank Ganesha

Market Cap: Rp1.9t

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

Citra Tubindo

Market Cap: Rp6.1t

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

Yibin City Commercial Bank

Market Cap: HK$11.9b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Grupo Gigante S. A. B. de C. V

Market Cap: Mex$28.2b

Operates self-service stores that sell office supplies, electronic goods, and housewares in Mexico, Central America, the Caribbean, Colombia, and Chile.

va-Q-tec

Market Cap: €392.2m

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

Fortune Mate Indonesia

Market Cap: Rp2.6t

Provides real estate development and construction services in Indonesia.

Reitar Logtech Holdings

Market Cap: US$256.0m

Through its subsidiaries, provides construction management and engineering design services.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺10.9b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Birikim Varlik Yonetim Anonim Sirketi

Market Cap: ₺4.8b

Operates as an asset management company.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.7b

Engages in the production and sale of food products in Turkey.

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

Metalpha Technology Holding

Market Cap: US$125.5m

Provides wealth management services in Hong Kong.

Lungyen Life Service

Market Cap: NT$24.8b

Provides funeral facilities and services in Taiwan.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺31.8b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Itafos

Market Cap: CA$570.0m

Operates as a phosphate and specialty fertilizer company.

Purple Group

Market Cap: R2.5b

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.

Evergent Investments

Market Cap: RON 1.3b

A publicly owned investment manager.

Société Multinationale de Bitumes Société Anonyme

Market Cap: XOF 70.9b

Processes heavy bitumen crude in Africa.

Dekpol

Market Cap: zł595.4m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Cahaya Aero Services

Market Cap: Rp4.5t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.5t

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

Linde Bangladesh

Market Cap: ৳14.9b

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

National Credit and Commerce Bank

Market Cap: ৳14.5b

Provides various commercial banking products and services in Bangladesh.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.6t

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

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺9.1b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.