Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Gulf Insurance Group - Jordan

Market Cap: د.أ92.0m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Formula Systems (1985)

Market Cap: ₪6.5b

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.

Marusan Securities

Market Cap: JP¥62.4b

Engages in the financial products trading business in Japan.

FDK

Market Cap: JP¥15.1b

Manufactures and sells batteries, rechargeable batteries, battery devices, and electronic components and devices in Japan.

Y.D. More Investments

Market Cap: ₪2.6b

A privately owned Investment Manager.

Practic

Market Cap: RON 736.5m

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

Bank Ganesha

Market Cap: Rp1.8t

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

Bank of Iwate

Market Cap: JP¥62.4b

Provides various financial products and services in Japan.

Techno Smart

Market Cap: JP¥20.0b

Provides liquid crystal-related film and cast film manufacturing devices.

Oakworth Capital

Market Cap: US$159.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

TOMONY Holdings

Market Cap: JP¥119.3b

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

Aura Investments

Market Cap: ₪6.0b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

Payton Industries

Market Cap: ₪471.8m

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.

Thai Steel Cable

Market Cap: ฿3.6b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

GakkyushaLtd

Market Cap: JP¥26.2b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

Citra Tubindo

Market Cap: Rp5.4t

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

Kaneko Seeds

Market Cap: JP¥15.7b

Engages in the agribusiness in Japan.

Ogaki Kyoritsu Bank

Market Cap: JP¥126.8b

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

Mr Max Holdings

Market Cap: JP¥29.1b

Operates discount stores in Japan.

Forth Smart Service

Market Cap: ฿5.3b

Provides prepaid mobile top-up services in Thailand.

Toho Bank

Market Cap: JP¥96.6b

Provides various banking products and services in Japan.

ManpowerGroup Greater China

Market Cap: HK$1.2b

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.

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.

Shangri-La Hotel

Market Cap: ฿5.9b

Operates hotels in Bangkok and Chiang Mai provinces.

AlpenLtd

Market Cap: JP¥92.6b

Engages in the development and sale of sporting products in Japan.

Imuraya Group

Market Cap: JP¥33.1b

Manufactures and sells various food products in Japan and internationally.

Ruentex Interior Design

Market Cap: NT$3.5b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Saha-Union

Market Cap: ฿8.4b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Taiyo KagakuLtd

Market Cap: JP¥34.1b

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

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.

DoshishaLtd

Market Cap: JP¥94.6b

Plans, develops, produces, and sells lifestyle-related products in Japan and Internationally.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥25.5b

Manages and operates ski resorts in Japan.

CMC

Market Cap: JP¥21.8b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

Maezawa Kasei Industries

Market Cap: JP¥30.6b

Produces and sells water and sewerage related products, and environmental equipment.