Global Undiscovered Gems With Strong Fundamentals

Suzhou Fushilai Pharmaceutical

Market Cap: CN¥2.8b

Engages in the manufacture and sale of biopharmaceutical products in China.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.4b

Operates as a chemical raw material manufacturing company in China and internationally.

Tianjin Lisheng PharmaceuticalLtd

Market Cap: CN¥5.2b

Engages in the research and development, production, and sale of pharmaceutical products in China and internationally.

Tech Semiconductors

Market Cap: CN¥8.2b

Engages in the development, manufacture, and sale of power semiconductor devices in China.

Poly Plastic Masterbatch (SuZhou)Ltd

Market Cap: CN¥5.6b

Engages in the research and development, production, and sale of chemical fiber solution colorings and advanced functional modified materials in China and internationally.

JiangXi BaiSheng Intelligent Technology

Market Cap: CN¥3.4b

JiangXi BaiSheng Intelligent Technology Co., Ltd.

Shenzhen Zhongheng Huafa

Market Cap: CN¥2.8b

Produces and sells injection molded parts, foam parts, and liquid crystal display monitors.

TI Cloud

Market Cap: HK$862.7m

Provides cloud-native customer contact solutions that enables enterprises to engage in multi-channel customer interactions in the People's Republic of China and Hong Kong.

Shenzhen iN-Cube Automation

Market Cap: CN¥5.7b

Engages in the research and development, manufacture, and sale of industrial automation equipment, automation equipment accessories and related technical services in China and internationally.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥5.0b

Researches, develops, produces, and sells black sesame health products in China.

Hongmian Zhihui Science and Technology InnovationLtd.Guangzhou

Market Cap: CN¥6.2b

Engages in the production and sale of edible sugar, beverages, and other food products in China and internationally.

Zkteco

Market Cap: CN¥6.7b

Provides biometric solutions and AI cognitive spatial intelligence technologies.

Jiangsu Lianfa TextileLtd

Market Cap: CN¥4.4b

Engages in the manufacture and sale of textile products in China.

Practic

Market Cap: RON 760.3m

Engages in the lease and sublease of real estate properties in Romania.

Bamburi Cement

Market Cap: KSh20.5b

Manufactures and sells cement and related products in Kenya and Uganda.

Simplex Financial Holdings

Market Cap: JP¥15.6b

A hedge fund sponsor.

Freetrailer Group

Market Cap: DKK 778.8m

A technology company, operates a sharing-economy platform for the free rental of trailers and cargo bikes in Denmark, Sweden, Germany, and the Netherlands.

River Financial

Market Cap: US$310.0m

Operates as the bank holding company for the River Bank & Trust that provides financial services to small to medium-sized businesses, organizations, entrepreneurs, and individuals in the United States.

First Capital Bancshares

Market Cap: US$115.9m

Operates as a holding company for First Capital Bank that provides commercial banking services in the United States.

First Ottawa Bancshares

Market Cap: US$164.5m

Operates as the bank holding company for American Commercial Bank & Trust, National Association that provides a range of banking and financial services to individual and corporate customers in LaSalle, Grundy, Cook, and other counties in Illinois.

Depa

Market Cap: د.إ477.5m

Provides interior solutions.

Gradus AD

Market Cap: лв230.9m

Produces and sells poultry products in Bulgaria, Europe, and internationally.

Calvin B. Taylor Bankshares

Market Cap: US$141.0m

Operates as the holding company for Calvin B.

Madhya Bharat Agro Products

Market Cap: ₹35.2b

Engages in the manufacturing of fertilizers and chemicals in India.

NIHON CHOUZAILtd

Market Cap: JP¥116.8b

Engages in the management of health insurance dispensing chain pharmacies in Japan.

Quality Chemical Industries

Market Cap: USh421.7b

Manufactures and sells pharmaceutical drugs in Uganda.

Reward Wool Industry

Market Cap: NT$3.8b

Manufactures and sells wool products in Taiwan, Japan, South Korea, and internationally.

Wave Power Technology

Market Cap: NT$6.4b

Engages in the research and development, manufacture, and sale of advanced high frequency, high power, high voltage, and high vacuum products.

AYER Holdings Berhad

Market Cap: RM 519.5m

Engages in property development and plantation businesses in Malaysia.

Multifield International Holdings

Market Cap: HK$827.7m

An investment holding company, engages in the investment, development, management, rental, and sale of real estate properties in Hong Kong and Mainland China.

Caturkarda Depo Bangunan

Market Cap: Rp1.9t

Operates a building materials supermarket in Indonesia.

Fiducian Group

Market Cap: AU$374.7m

Through its subsidiaries, provides financial services in Australia.

KSKLtd

Market Cap: JP¥30.5b

Engages in the LSI, software, hardware, customer service, and data entry businesses.

Bank Asia

Market Cap: ৳23.1b

Provides various banking products and services in Bangladesh and internationally.

Atlan Holdings Bhd

Market Cap: RM 781.2m

An investment holding company, engages in the manufacture and sale of automotive components in Malaysia.

NSL

Market Cap: S$336.2m

An investment holding company, engages in the manufacture and sale of building materials, oil and petroleum related products in Singapore, Malaysia, the United Arab Emirates, Finland, Norway, Germany, and internationally.