Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Tsubakimoto Kogyo

Market Cap: JP¥53.9b

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

Ryoyu Systems

Market Cap: JP¥44.6b

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

Alembic

Market Cap: ₹26.5b

Engages in real estate business in India and internationally.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.9b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

Kangping Technology (Suzhou)

Market Cap: CN¥3.3b

Engages in the research and development, design, production, and sale of motors and related products.

Lion Rock Group

Market Cap: HK$1.0b

An investment holding company, provides printing services to international book publishers, trade, professional, and educational publishing conglomerates, as well as print media companies.

Guangdong Tloong Technology GroupLtd

Market Cap: CN¥7.3b

Researches, develops, and sells various printing ink products in China and internationally.

KinjiroLtd

Market Cap: JP¥25.4b

Provides human resource management (HRM) solution services.

Changchai Company

Market Cap: CN¥3.5b

Produces and sells small and medium-sized single cylinder and multi-cylinder diesel engines under the Changchai brand in the People’s Republic of China and internationally.

BIOBIJOULtd

Market Cap: ₩253.5b

Engages in the research, development, manufacturing, and sale of skin booster and filler products in South Korea.

Tibet TourismLtd

Market Cap: CN¥4.8b

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

GakkyushaLtd

Market Cap: JP¥25.2b

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

Kyoritsu Electric

Market Cap: JP¥20.7b

Provides various systems, testing and measuring instruments, etc.

Daphne International Holdings

Market Cap: HK$959.6m

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

Sinotherapeutics

Market Cap: CN¥5.0b

A specialty pharmaceutical company, develops generic and formulation products in China.

Xuchang Yuandong Drive ShaftLtd

Market Cap: CN¥5.9b

Engages in the research, development, production, and sale of transmission drive shafts and related components in China and internationally.

Guangdong Brandmax MarketingLtd

Market Cap: CN¥5.3b

Provides technology-driven new scene experience marketing services in China and internationally.

Zhejiang Bofay Electric

Market Cap: CN¥2.6b

Engages in the research, development, production, and sale of polymer composite materials in China and internationally.

Genesys International

Market Cap: ₹24.1b

Provides geographical information services in India and internationally.

Kondotec

Market Cap: JP¥43.0b

Engages in the manufacture, procurement, import, sale, wholesale, and export of industrial materials primarily in the retail hardware business in Japan and internationally.

Top Union Electronics

Market Cap: NT$4.7b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Jiangxi Jiangnan New Material Technology

Market Cap: CN¥12.3b

Jiangxi Jiangnan New Material Technology Co., Ltd.

SEMCNS

Market Cap: ₩336.3b

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

Imuraya Group

Market Cap: JP¥33.3b

Manufactures and sells various food products in Japan and internationally.

Sesoda

Market Cap: NT$7.6b

Manufactures and markets sulfate of potash (SOP) in Taiwan.

Bank of Iwate

Market Cap: JP¥65.9b

Provides various financial products and services in Japan.

ShenZhen Click TechnologyLTD

Market Cap: CN¥8.3b

Designs, produces, sells, and services LED lighting power supplies, power battery chargers, communication power supplies, adapters, magnetic components, electric car chargers, charging piles, and others in China and internationally.

HeBei Jinniu Chemical IndustryLtd

Market Cap: CN¥5.0b

Engages in the production and operation of methanol products in China.

Savior Lifetec

Market Cap: NT$5.7b

A specialty injectable company, develops, produces, and supplies sterile active pharmaceutical ingredients and finished dosage formulations.

Mr Max Holdings

Market Cap: JP¥29.2b

Operates discount stores in Japan.

Dong Fang Offshore

Market Cap: NT$43.5b

Provides offshore maritime solutions.

Innovana Thinklabs

Market Cap: ₹11.1b

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

Billion Industrial Holdings

Market Cap: HK$9.1b

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.

CTCI Advanced Systems

Market Cap: NT$4.2b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Shenzhen TVT Digital Technology

Market Cap: CN¥3.9b

Shenzhen TVT Digital Technology Co., Ltd.