Global Undiscovered Gems With Strong Fundamentals

NippiIncorporated

Market Cap: JP¥26.5b

Manufactures and sells collagen casings, gelatin and collagen peptides, leather, cosmetics and health foods, functional polymers, and life science products in Japan and internationally.

Dhunseri Investments

Market Cap: ₹9.5b

A non-banking finance company, invests in shares and securities in India, Singapore, and internationally.

CFF Fluid Control

Market Cap: ₹10.7b

Manufactures, overhauls, repairs, and maintains shipboard machinery, combat systems, reference systems, and test facilities for submarines and surface ships for Indian navy.

Trinity Industrial

Market Cap: JP¥17.1b

Designs, manufactures, sells, and installs coating plants, machinery, and industrial equipment in Japan.

Kyokuto Kaihatsu KogyoLtd

Market Cap: JP¥97.7b

Manufactures and sells special purpose vehicles, environmental equipment and systems, and car parking systems in Japan.

ShinHsiung Natural Gas

Market Cap: NT$12.9b

Supplies natural gas in Taiwan.

Saudi Reinsurance

Market Cap: ر.س5.8b

Provides various reinsurance products in the Kingdom of Saudi Arabia, rest of the Middle East, Africa, Asia, and internationally.

Southern Score Builders Berhad

Market Cap: RM 1.0b

Provides construction management services for building and infrastructure works in Malaysia.

CNNC International

Market Cap: HK$875.6m

An investment holding company, engages in the exploration, sale, and trading of uranium in People’s Republic of China, Hong Kong, Japan, the United States, The United Kingdom, Netherlands, and Canada.

Shanghai Automobile Air-Conditioner Accessories

Market Cap: CN¥5.4b

Shanghai Automobile Air-Conditioner Accessories Co., Ltd.

Guangdong Kitech New Material HoldingLtd

Market Cap: CN¥3.1b

Guangdong Kitech New Material Holding Co.,Ltd.

Sta. Lucia Land

Market Cap: ₱22.5b

Engages in the real estate development business in the Philippines.

KG Eco SolutionLtd

Market Cap: ₩230.6b

Produces and sells bio fuel oil in South Korea.

Sansei Technologies

Market Cap: JP¥27.6b

Plans, designs, manufactures, installs, repairs, and maintains amusement rides, stage equipment, elevators, and other designed equipment in Japan and internationally.

Victorias Milling Company

Market Cap: ₱11.2b

Operates as an integrated raw and refined sugar company in the Philippines.

Gudeng Equipment

Market Cap: NT$5.1b

Gudeng Equipment Co., LTD manufactures and sells photomask transfer automation technology solutions.

Al Ansari Financial Services PJSC

Market Cap: د.إ7.3b

Operates as an integrated financial services company in the United Arab Emirates and internationally.

MiCo

Market Cap: ₩355.9b

An engineering company, produces and sells ceramic materials and components in South Korea and internationally.

Asian Star

Market Cap: ₹11.7b

Manufactures and sells diamond jewelry worldwide.

Belle

Market Cap: ₱14.9b

Engages in real estate development business in the Philippines and internationally.

Microprogram InformationLtd

Market Cap: NT$3.2b

Provides industrial IoT solutions.

iPeople

Market Cap: ₱6.0b

Engages in the education sector in the Philippines.

G&E Herbal Biotechnology

Market Cap: NT$3.3b

Engages in development and commercialization of novel botanical extraction technology and products.

GDH Supertime Group

Market Cap: CN¥5.7b

Engages in the development, production, and sale of malt to beer manufacturers in China.

Haleon Pakistan

Market Cap: PK₨86.7b

Engages in the manufacture, marketing, and sale of consumer healthcare products in Pakistan, rest of Asia, Africa, Australia, North America, the Middle East, and Europe.

Tanabe Engineering

Market Cap: JP¥21.8b

Engages in plant construction and machinery production activities in Japan.

Reward Wool Industry

Market Cap: NT$3.5b

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

Jiangsu NanFang PrecisionLtd

Market Cap: CN¥8.9b

Designs, develops, and sells needle roller bearings, overrunning clutches, one-way pulley assemblies, mechanical parts, and other precision parts and components in China and internationally.

SAR Televenture

Market Cap: ₹9.0b

Provides telecommunication solutions to telecom network operators in India.

KSKLtd

Market Cap: JP¥19.9b

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

Shanghai Kaytune IndustrialLtd

Market Cap: CN¥2.5b

Provides e-commerce and customer relationship management services to enterprises.

Tomen Devices

Market Cap: JP¥39.0b

Operates as an electronics trading company in Japan.

Group Up Industrial

Market Cap: NT$12.4b

Manufactures and trades in general boxed-shaped equipment in Taiwan, China, and internationally.

Liva Insurance

Market Cap: ر.س546.4m

Engages in the insurance and reinsurance businesses primarily in the Kingdom of Saudi Arabia.

Shizuoka Gas

Market Cap: JP¥81.5b

Produces, supplies, and sells city gas in Japan.

APB Apranga

Market Cap: €169.7m

Engages in the retail trade of apparel in the Baltic States.