Global Undiscovered Gems With Strong Fundamentals

Mulpha International Bhd

Market Cap: RM 918.5m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

VICOM

Market Cap: S$567.3m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Tai Sin Electric

Market Cap: S$301.5m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

HG Metal Manufacturing

Market Cap: S$137.4m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Fortune Mate Indonesia

Market Cap: Rp2.3t

Provides real estate development and construction services in Indonesia.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.6b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Cairo Amman Bank

Market Cap: د.أ288.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Baazeem Trading

Market Cap: ر.س674.3m

Operates as a FMCG distribution company.

Ibrahim Fibres

Market Cap: PK₨82.4b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan, Singapore, and Switzerland.

National Investments Company K.S.C.P

Market Cap: د.ك253.5m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait, GCC countries, and internationally.

Banyan Tree Holdings

Market Cap: S$537.5m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

MKH Berhad

Market Cap: RM 611.5m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك81.1m

A private equity firm specializing in direct and fund investments.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك389.3m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Padma Oil

Market Cap: ৳19.2b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Surya Toto Indonesia

Market Cap: Rp3.0t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Cisadane Sawit Raya

Market Cap: Rp1.7t

Engages in the oil palm plantation business in Indonesia and internationally.

Sure Global Tech

Market Cap: ر.س458.8m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك187.9m

Engages in insurance and reinsurance operations in Kuwait.

Standard Chartered Bank Kenya

Market Cap: KSh117.5b

Provides various banking products and services for individuals and businesses.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك47.6m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

Al-Enma'a Real Estate Company K.S.C.P

Market Cap: د.ك32.1m

Engages in the contracting, management, and maintenance of real estate in Kuwait and the Gulf Countries.

Dwi Guna Laksana

Market Cap: Rp3.3t

Engages in the coal mining and trading activities in Indonesia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp21.8t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the Middle East, the United States, and internationally.

Digital Mediatama Maxima

Market Cap: Rp2.7t

Operates an integrated marketing platform.

Jordanian Duty Free Shops

Market Cap: د.أ148.5m

Invests in, operates, and manages duty-free shops.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Qassim Cement

Market Cap: ر.س4.6b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Bank MNC Internasional

Market Cap: Rp2.4t

Provides various banking products and services in Indonesia.

GTS Internasional

Market Cap: Rp2.0t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

Dekpol

Market Cap: zł764.3m

Dekpol S.A. primary engages in the general contracting and property development businesses in Poland.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.6b

A publicly owned investment manager.

Chilanga Cement

Market Cap: K8.0b

Engages in the manufacture and sale of cement products in Zambia.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.6b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

Marmaris Altinyunus Turistik Tesisler

Market Cap: ₺7.8b

Marmaris Altinyunus Turistik Tesisler A.S.