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$9.3b

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.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

ShareHope Medicine

Market Cap: NT$3.6b

Provides integrated medical services in Taiwan.

Fortune Mate Indonesia

Market Cap: Rp2.9t

Provides real estate development and construction services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥33.7b

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.

TSTE

Market Cap: ฿4.4b

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.8t

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

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

Eclatorq Technology

Market Cap: NT$3.3b

Manufactures and sells hand tools in Taiwan.

Jiin Ming Industry

Market Cap: NT$4.4b

Provides design manufacturing services in Taiwan.

National Credit and Commerce Bank

Market Cap: ৳14.3b

Provides various commercial banking products and services in Bangladesh.

Cahaya Aero Services

Market Cap: Rp4.4t

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

Bank MNC Internasional

Market Cap: Rp2.5t

Provides various banking products and services in Indonesia.

Monolithisch India

Market Cap: ₹9.1b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Cita Mineral Investindo

Market Cap: Rp15.4t

Engages in bauxite mining activities in Indonesia.

Sinopower Semiconductor

Market Cap: NT$3.7b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

First National Bank of Botswana

Market Cap: P13.5b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺8.5b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.1b

Mackolik Internet Hizmetleri Ticaret A.S.

ABG Sundal Collier Holding

Market Cap: NOK 3.5b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Inmocemento

Market Cap: €1.6b

Inmocemento S.A., through its subsidiaries, engages in the real estate and cement businesses.

Formula Systems (1985)

Market Cap: ₪5.9b

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.

DINE. de

Market Cap: Mex$14.2b

Develops real estate projects in Mexico.

Decora

Market Cap: zł736.2m

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

Dekpol

Market Cap: zł598.8m

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

Performance Technologies

Market Cap: €87.9m

Provides IT solutions in Greece.

Inversiones Doalca SOCIMI

Market Cap: €153.0m

Inversiones Doalca Socimi, S.A., a real estate investment company, leases and rents real estate properties in Spain.

FineMark Holdings

Market Cap: US$490.7m

Operates as the bank holding company for FineMark National Bank & Trust that provides various banking and financial services to individual and corporate clients.

First Northern Community Bancorp

Market Cap: US$175.9m

Operates as the bank holding company for First Northern Bank of Dixon that provides commercial banking products and services to individuals, and small and medium sized businesses.

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: ₪491.9m

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.

Purple Group

Market Cap: R2.7b

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.