Global Undiscovered Gems With Strong Fundamentals

Mercia Asset Management

Market Cap: UK£140.1m

A private equity and venture capital firm specializing in incubation, venture debt, loan, mezzanine, seed EIS, early stage, emerging growth, mid venture, late venture, later stage, buyout, and growth capital investments.

Monogatari

Market Cap: JP¥166.8b

Operates a chain of restaurants in Japan and internationally.

OPTEX GROUP Company

Market Cap: JP¥67.5b

Develops, manufactures, and sells security and automatic door products in Japan, the United States, Europe, and rest of Asia.

TIMAH

Market Cap: Rp7.5t

Engages in tin mining and smelting operations in Indonesia and internationally.

eVISO

Market Cap: €215.8m

Develops an artificial intelligence platform for the commodities market in Italy.

EMRO

Market Cap: ₩555.6b

Provides supply chain management software in South Korea and internationally.

Guangzhou Guangri StockLtd

Market Cap: CN¥9.1b

Manufactures and sells elevators and related parts in China.

EROAD

Market Cap: NZ$432.2m

Provides electronic on-board units and software as a service to the transport industry in New Zealand, the United States, and Australia.

Anhui Anli Material Technology

Market Cap: CN¥4.7b

Engages in the research and development, production, sale, and servicing of ecological functional polyurethane synthetic leather products, polyurethane resin series products, and other polymer composite materials in China.

Farmers & Merchants Bancorp

Market Cap: US$332.5m

Operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in Northwest Ohio, Northeast Indiana, and Southeast Michigan.

Guangdong TCL Smart Home Appliances

Market Cap: CN¥11.3b

Guangdong TCL Smart Home Appliances Co., Ltd.

PixArt Imaging

Market Cap: NT$29.3b

Researches, designs, produces, and sells CMOS image sensors and related ICs in Taiwan, Hong Kong, China, Japan, and internationally.

Cuscal

Market Cap: AU$574.7m

Provides payment and regulated data related products and services for financial and consumer centric institutions in Australia.

transcosmos

Market Cap: JP¥137.3b

Provides business outsourcing services in Japan and internationally.

Mizuno

Market Cap: JP¥205.4b

Manufactures and sells sports products in Japan, the rest of Asia, Europe, the Americas, and Oceania.

Nantong Jiangshan Agrochemical & ChemicalsLtd

Market Cap: CN¥9.7b

Nantong Jiangshan Agrochemical & Chemicals Co.,Ltd.

DXN Holdings Bhd

Market Cap: RM 2.5b

An investment holding company, engages in the manufacture and sale of health supplements and other products on direct sales basis in Latin America, Malaysia, Asia, North America, Africa, Europe, the Middle East, and Oceania.

Kuaijishan Shaoxing Rice Wine

Market Cap: CN¥8.9b

Produces, processes, and sells rice wine in China and internationally.

Emei Shan TourismLtd

Market Cap: CN¥7.3b

Engages in the tourism business.

Dashang

Market Cap: CN¥6.9b

Operates a chain of department stores, supermarkets, and electrical appliance stores in China.

Sinofert Holdings

Market Cap: HK$10.2b

An investment holding company, engages in the production, import and export, distribution, and retail of fertilizer raw materials and crop nutrition products in Mainland China and internationally.

Sazgar Engineering Works

Market Cap: PK₨88.9b

Manufactures and sells automobiles, automotive parts, and household electric appliances in Pakistan.

Ausnutria Dairy

Market Cap: HK$4.4b

An investment holding company, primarily engages in the research and development, production, marketing, processing, packaging, and distribution of dairy and related products, and nutrition products.

Tien Phong Commercial Bank

Market Cap: ₫51.5t

Provides various banking products and services to individuals and businesses in Vietnam.

Espec

Market Cap: JP¥71.0b

Manufactures and sells environmental test chambers worldwide.

Dharma Satya Nusantara

Market Cap: Rp15.8t

Operates in the palm oil and wood product business in Indonesia.

Beijing InHand Networks Technology

Market Cap: CN¥3.6b

Beijing InHand Networks Technology Co., Ltd.

KanamotoLtd

Market Cap: JP¥119.6b

Engages in the construction equipment rental business in Japan and internationally.

Astra Agro Lestari

Market Cap: Rp13.5t

Engages in the crude palm oil and related derivatives business in Indonesia.

Marketech International

Market Cap: NT$47.0b

Manufactures, sells, imports, and trades in a range of integrated circuits, semiconductors, electrical and computer equipment and materials, chemicals, gas, and components in Taiwan, China, the United States, and internationally.

TOVISLtd

Market Cap: ₩255.8b

Provides display solutions in South Korea and internationally.

QuantaSing Group

Market Cap: US$383.3m

Provides online learning services in the People’s Republic of China.

Suprema

Market Cap: ₩226.8b

Develops and manufactures biometric and security products in South Korea and internationally.

Etablissements Maurel & Prom

Market Cap: €1.1b

Engages in exploration and production of oil and gas, and hydrocarbons in Gabon, Tanzania, Angola, Colombia, Venezuela, Italy, Nigeria, and France.

XPEL

Market Cap: US$1.0b

Manufactures, installs, sells, and distributes protective films, coatings and related services.

Oeneo

Market Cap: €602.1m

Operates in the wine industry worldwide.