Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Southern Michigan Bancorp

Market Cap: US$106.4m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Capricorn Group

Market Cap: R11.2b

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

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

La Positiva Seguros y Reaseguros

Market Cap: S/417.4m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Compañía Electro Metalúrgica

Market Cap: CL$350.4b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

VICOM

Market Cap: S$549.6m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Sixxon Tech

Market Cap: NT$5.9b

Engages in the design, manufacturing, processing, and sale of parts and components of automotive, industrial applications, electronics, and medical products in Asia, Europe, and North America.

DAM Capital Advisors

Market Cap: ₹16.0b

Provides investment banking services.

Saha-Union

Market Cap: ฿8.5b

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

Yuan Cheng CableLtd

Market Cap: CN¥3.7b

Engages in the design, research and development, production, operation, and sales of wire and cable products in China.

Ryoyu Systems

Market Cap: JP¥50.9b

Provides information technology (IT) solutions for various industries in Japan.

Nusantara Pelabuhan Handal

Market Cap: Rp2.6t

Manages and operates container terminals in Indonesia and internationally.

KurimotoLtd

Market Cap: JP¥91.9b

Manufactures and sells ductile iron pipes and accessories, valves, industrial equipment and materials, and construction materials in Japan and internationally.

NARUMIYA INTERNATIONAL

Market Cap: JP¥16.3b

Manufactures, processes, and sells clothing and related products.

Yantai Ishikawa Sealing Technology

Market Cap: CN¥3.8b

Yantai Ishikawa Sealing Technology Co., Ltd.

Shenzhen Fenda Technology

Market Cap: CN¥13.0b

Develops, manufactures, and sells intelligent hardware integrated solutions in China.

Jadranski naftovod d.d

Market Cap: €831.3m

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

Gulf Insurance Group - Jordan

Market Cap: د.أ92.0m

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

Voith Paper Fabrics India

Market Cap: ₹8.7b

Engages in the manufacture and trading of paper machine clothing for pulp, and paper and paperboard industries in India and internationally.

Daewon Cable

Market Cap: ₩228.2b

Manufactures and sells cables and wires in South Korea and internationally.

Tibet TourismLtd

Market Cap: CN¥5.9b

Engages in the tourism, attractions, services, and commerce business in China.

Thai Steel Cable

Market Cap: ฿3.5b

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

Techno Ryowa

Market Cap: JP¥105.1b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Kyungbangco.Ltd

Market Cap: ₩177.4b

Engages in textile spinning and real estate development businesses in South Korea.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ776.3m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

SEMCNS

Market Cap: ₩252.5b

SEMCNS Co., Ltd provides ceramic substrates for probe cards.

Synic SolutionLtd

Market Cap: ₩177.0b

Synic Solution Co., Ltd. provides semiconductor design solutions and foundry services to global fabless customers.

Oswal Greentech

Market Cap: ₹10.8b

Develops real estate projects in India.

Tsubakimoto Kogyo

Market Cap: JP¥50.9b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

Hyakugo Bank

Market Cap: JP¥196.6b

Provides various financial services to individual and corporate/sole proprietor customers in Japan.

KinjiroLtd

Market Cap: JP¥21.5b

Provides human resource management (HRM) solution services.

Innovana Thinklabs

Market Cap: ₹10.8b

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

TOMONY Holdings

Market Cap: JP¥121.8b

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

DoshishaLtd

Market Cap: JP¥92.9b

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