Global Undiscovered Gems With Strong Fundamentals

Goodway Machine

Market Cap: NT$6.5b

Manufactures and sells CNC lathes and processing machinery in Taiwan, Asia, the United States, Europe, and internationally.

Group Up Industrial

Market Cap: NT$10.6b

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

Vaziva Société anonyme

Market Cap: €109.9m

Vaziva Société anonyme issues vacation, gift, and lunch vouchers on a managed Mastercard payment card for works councils and human resources departments in companies and public bodies.

Scroll

Market Cap: JP¥36.5b

Primarily engages in the mail-order and e-commerce businesses in Japan.

Haleon Pakistan

Market Cap: PK₨81.2b

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.

Cabbeen Fashion

Market Cap: HK$809.0m

A fashion casual menswear company, designs and sells apparel, shoes, and accessories for men, women, and kids under the Cabbeen, Cabbeen Urban, and 2AM brands in the People’s Republic of China.

Nihon Tokushu Toryo

Market Cap: JP¥35.2b

Engages in manufacture and sale of automobile products, and paints and coatings in Japan.

Polytronics Technology

Market Cap: NT$3.7b

Manufactures and sells polymeric positive temperature coefficient (PPTC) products.

WPIL

Market Cap: ₹39.6b

Engages in designing, developing, manufacturing, erecting, commissioning, and servicing pumps and pumping systems in India and internationally.

Jiangyin Electrical AlloyLtd

Market Cap: CN¥5.0b

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

Tivoli

Market Cap: DKK 3.6b

Engages in the entertainment business in Denmark.

Sunvim GroupLtd

Market Cap: CN¥4.3b

Manufactures and sells home textile products in China, Asia, Europe, the Americas, Australia, the Middle East, and internationally.

VSO Electronics

Market Cap: NT$5.1b

Engages in the wire harness and cable assembly business in Taiwan.

Zhejiang Yatai Pharmaceutical

Market Cap: CN¥2.4b

Researches, produces, sells, and exports pharmaceutical products in China and internationally.

Concepcion Industrial

Market Cap: ₱5.9b

Manufactures, sells, distributes, installs, and services heating, ventilating, and air conditioning (HVAC) products and services in the Philippines.

Nippon Air conditioning Services

Market Cap: JP¥35.7b

Nippon Air conditioning Services Co., Ltd.

Sinomach General Machinery Science & TechnologyLtd

Market Cap: CN¥2.2b

Sinomach General Machinery Science & Technology Co.,Ltd.

Thinking Electronic Industrial

Market Cap: NT$16.7b

Manufactures, processes, and sells electric devices, thermistors, varistors, and wires in Taiwan, China, and internationally.

Beijing AriTime Intelligent Control

Market Cap: CN¥3.5b

Beijing AriTime Intelligent Control Co., Ltd.

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥34.1b

Hokuriku Electrical Construction Co.,Ltd.

Wadakohsan

Market Cap: JP¥15.4b

Develops and sells condominiums, detached houses, and residential land in Japan.

STL Technology

Market Cap: NT$5.8b

Provides lithium-ion management solutions in Taiwan.

Amic Forging

Market Cap: ₹12.6b

Engages in the manufacture and sale of forged components in India and internationally.

Hanoi Beer Alcohol and Beverage

Market Cap: ₫8.6t

Produces and sells beer, fermenting malt, spirits, non-alcoholic beverages, and mineral water products in Vietnam, Taiwan, Korea, the United Kingdom, Germany, the United States, Australia, and internationally.

Datang Environment Industry Group

Market Cap: HK$3.4b

Datang Environment Industry Group Co., Ltd.

Pubali Bank

Market Cap: ৳32.6b

Provides commercial banking services in Bangladesh.

Sechaba Brewery Holdings

Market Cap: P3.8b

An investment holding company, manufactures, imports, markets, and distributes alcoholic and non-alcoholic beverages in Botswana.

TA-I Technology

Market Cap: NT$6.7b

Manufactures and supplies chip resistors in Taiwan and internationally.

San Juan Basin Royalty Trust

Market Cap: US$309.0m

Operates as an express trust in Texas.

Logicom

Market Cap: €287.4m

Distributes technology products in Cyprus, Greece, Italy, the United Arab Emirates, Saudi Arabia, and internationally.

Sociedad Minera El BrocalA

Market Cap: S/1.6b

Engages in the extraction, concentration, and commercialization of polymetallic minerals in Peru.

Empresa Siderúrgica del PerúA

Market Cap: S/1.2b

Produces and sells steel products in Peru and internationally.

Jasmine Technology Solution

Market Cap: ฿30.9b

Through its subsidiaries engages in the design and installation of telecommunication systems, telecom service, bitcoin mining, and other businesses in Thailand.

Guangdong Kitech New Material HoldingLtd

Market Cap: CN¥2.8b

Guangdong Kitech New Material Holding Co.,Ltd.

Sta. Lucia Land

Market Cap: ₱22.4b

Engages in the real estate development business in the Philippines.

Tiptree

Market Cap: US$800.9m

Through its subsidiaries, provides specialty insurance products and related services in the United States and Europe.