Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Jadranski naftovod d.d

Market Cap: €836.4m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

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.

Q P Group Holdings

Market Cap: HK$883.1m

An investment holding company, manufactures and trades in paper products in the People’s Republic of China, the United States, Europe, and internationally.

Qingdao Daneng Environmental Protection Equipment

Market Cap: CN¥3.7b

Qingdao Daneng Environmental Protection Equipment Co., Ltd.

Cota

Market Cap: JP¥39.5b

Manufactures and sells quasi drugs in Japan and internationally.

Nippon Sharyo

Market Cap: JP¥35.6b

Engages in the manufactures and sale of railway vehicles, construction machinery, transportation equipment, steel structures, construction; and engineering and other activities in Japan, the United States, Asia, and internationally.

Shanghai Haixin Group

Market Cap: CN¥6.1b

Engages in the pharmaceutical, textile and clothing, and finance businesses.

Firich Enterprises

Market Cap: NT$7.6b

Engages in the assembly, manufacture, import, and export of business-oriented computers and its peripheral equipment in Taiwan, China, rest of the Asia, Europe, and the United States.

Shandong Sacred Sun Power SourcesLtd

Market Cap: CN¥6.2b

Provides green energy solutions worldwide.

Silvery Dragon Prestressed MaterialsLTD Tianjin

Market Cap: CN¥7.2b

Manufactures and sells prestressed steel products in China and internationally.

AIC

Market Cap: NT$12.9b

Provides OEM/ODM, commercial off-the-shelf, and server and storage solutions in the United States, Asia, and Europe.

MSC

Market Cap: ₩141.2b

Engages in the research and development, production, marketing, and sale of various food additives in South Korea.

Ohashi Technica

Market Cap: JP¥29.8b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, Mexico, Thailand, Taiwan, China, and Europe.

Shree Pushkar Chemicals & Fertilisers

Market Cap: ₹11.9b

Manufactures and trades in chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners in India.

Shanghai SK Automation TechnologyLtd

Market Cap: CN¥6.8b

Engages in the research, development, production, and sale of intelligent manufacturing equipment for new energy vehicles and fuel vehicles.

ShenZhen QiangRui Precision Technology

Market Cap: CN¥7.1b

ShenZhen QiangRui Precision Technology Co., Ltd.

Tokyo Tekko

Market Cap: JP¥49.4b

Engages in the manufacture and sale of steel bars and processed steel bar products for the construction industry in Japan.

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services in Indonesia.

Orient Pharma

Market Cap: NT$7.5b

Engages in the research and development, manufacturing, and sales of drugs in Taiwan and internationally.

Shanghai Pioneer Holding

Market Cap: HK$2.5b

An investment holding company, engages in marketing, promotion, and channel management of pharmaceutical products and medical devices primarily in the People’s Republic of China.

Lee's Pharmaceutical Holdings

Market Cap: HK$1.0b

An investment holding company, develops, manufactures, markets, and sells pharmaceutical products in the People's Republic of China, Hong Kong, and internationally.

Daphne International Holdings

Market Cap: HK$1.0b

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

Hind Rectifiers

Market Cap: ₹31.5b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

ShareHope Medicine

Market Cap: NT$3.5b

Provides integrated medical services in Taiwan.

Hong Tai Electric Industrial

Market Cap: NT$11.8b

Manufactures, processes, and sells wires and cables, communication products and accessories.It offers bare soft/hard copper stranded wire, lead-free PVC wires and cables, medium and low voltage cross-linked PE cables, UHV cross-linked PE cables, heat resistant/flame-resistant cables, solar cables, rat and ant-proof wires and cables.

Tibet Development

Market Cap: CN¥2.8b

Engages in the production and sale of beer in China.

Zhejiang Fuchunjiang Environmental ThermoelectricLTD

Market Cap: CN¥4.6b

Zhejiang Fuchunjiang Environmental Thermoelectric Co.,LTD.

Nanfang Ventilator

Market Cap: CN¥4.1b

Designs and manufactures HVAC products in China.

Hubei Three Gorges Tourism Group

Market Cap: CN¥3.8b

Provides road passenger transport services in China.

Lumax International

Market Cap: NT$9.7b

Provides electronic components and program-controlled instruments in Taiwan and China.

Hearts and Minds Investments

Market Cap: AU$760.2m

n/a

Neosem

Market Cap: ₩357.0b

Manufactures and sells semiconductor inspection equipment.

Om Infra

Market Cap: ₹11.0b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.

Answer Technology

Market Cap: NT$5.8b

Engages in the import, export, and trading of electronic parts in Taiwan, Asia, Europe, and internationally.