Global Undiscovered Gems With Strong Fundamentals

China Qinfa Group

Market Cap: HK$6.8b

An investment holding company, engages in the mining, purchase and sale, filtering, storage, and blending of coal in the People’s Republic of China and Indonesia.

Hanoi Beer Alcohol and Beverage

Market Cap: ₫7.5t

Engages in the production and sale of beer, fermenting malt, spirits, non-alcoholic beverages, and mineral water.

Canara Robeco Asset Management

Market Cap: ₹60.6b

Canara Robeco operates as a subsidiary of Canara Bank

RPG Life Sciences

Market Cap: ₹38.7b

An integrated pharmaceutical company, develops, manufactures, and markets branded formulations, generic, and synthetic active pharmaceutical ingredients (APIs) in India and internationally.

Rajesh Exports

Market Cap: ₹55.8b

A gold refiner, engages in the manufacture, wholesale, and retail of gold and various gold products in India.

CORONA Remedies

Market Cap: ₹83.6b

A pharmaceutical formulation company, develops, manufactures, and markets pharmaceutical products.

Yamada

Market Cap: JP¥16.6b

Engages in the manufacture and sale of industrial and automotive equipment in Japan and internationally.

Signature International Berhad

Market Cap: RM 903.7m

An investment holding company, distributes and retails modular kitchen systems in Malaysia and internationally.

Sat Nusapersada

Market Cap: Rp2.0t

Provides electronic manufacturing services in Indonesia, Japan, Singapore, Taiwan, Hong Kong, Malaysia, France, and Italy.

Gudeng Equipment

Market Cap: NT$6.2b

Together with its subsidiary, ShoWa Precision Co., Ltd., focuses on automation equipment related to mask handling in semiconductor lithography processes.

TaiDoc Technology

Market Cap: NT$11.6b

Manufactures and markets medical devices in Taiwan and internationally.

Ta Liang Technology

Market Cap: NT$19.0b

Engages in the manufacturing of semiconductor inspection, PCB routing and drilling machines, resin panel cutters, CNC engraving and milling machines, and glass panel processing machines in Taiwan.

Evergreen International Storage & Transport

Market Cap: NT$30.3b

Provides inland container transport services in Taiwan and internationally.

Dynacons Systems & Solutions

Market Cap: ₹12.2b

Provides IT solutions and related services in India and internationally.

Ceinsys Tech

Market Cap: ₹15.6b

Provides enterprise geospatial and engineering services in India and internationally.

Century Land

Market Cap: ₫3.9t

Engages in the property management, sale and lease of residential and commercial properties, and the provision of lease services and project development consultancy in Vietnam.

SmarTone Telecommunications Holdings

Market Cap: HK$5.2b

An investment holding company, provides telecommunication services in Hong Kong.

Best Mart 360 Holdings

Market Cap: HK$2.0b

An investment holding company, engages in leisure food retailing by operating chain retail stores under Best Mart 360 and FoodVille brands in Hong Kong, Macau, and the People’s Republic of China.

Prince Housing & Development

Market Cap: NT$13.2b

Engages in the construction business primarily in Taiwan.

British American Tobacco Uganda

Market Cap: USh662.6b

Engages in the importation, distribution, and sale of cigarettes in Uganda.

Yamagata Bank

Market Cap: JP¥58.3b

Provides various banking products and services in Japan.

TGV SRAAC

Market Cap: ₹12.3b

Engages in the manufacture and sale of chlor-alkali chemicals, chloromethane, castor oil derivatives, and fatty acids in India and internationally.

BSRM Steels

Market Cap: ৳23.5b

Manufactures and sells steel products in Bangladesh.

Tianjin Development Holdings

Market Cap: HK$2.6b

Through its subsidiaries, supplies water, heat, thermal power, and electricity to industrial, commercial, and residential customers in the People’s Republic of China.

Shinnihon

Market Cap: JP¥116.2b

Operates as a construction company in Japan.

Japan Oil Transportation

Market Cap: JP¥16.5b

Primarily engages in the transportation of fuel oils, liquefied natural gas (LNG) and other high-pressure gases, petrochemical products, and other related products in Japan and internationally.

Champion Microelectronic

Market Cap: NT$4.9b

Champion Microelectronic Corporation engaged in the research, development, manufacture, and distribution of integrated circuit (IC) products in Asia, the United States, and Europe.

Talant Optronics (Suzhou)

Market Cap: CN¥3.0b

Engages in the research and development, production, and sale of photoelectric light guide plates and related components in China and internationally.

Sudarshan Colorants India

Market Cap: ₹10.8b

Engages in the manufacture and sale of specialty chemicals in India and internationally.

Audix

Market Cap: NT$6.9b

Manufactures, markets, trades in, and distributes electronic components in Taiwan and the rest of Asia.

Bao Minh Insurance

Market Cap: ₫2.7t

Engages in providing non-life insurance and reinsurance, and financial investment products and services in Vietnam.

AINAVO HOLDINGSLtd

Market Cap: JP¥16.6b

Engages in the single-family home and large property businesses.

ESG Emirates Stallions Group PJSC

Market Cap: د.إ3.7b

Engages in the investment, construction, and real estate sectors in the Middle East, Africa, Asia, Europe, and the Americas.

SanFeng Intelligent Equipment Group

Market Cap: CN¥11.9b

Researches, designs, develops, manufactures, installs, commissions, and services intelligent conveying equipment in China and internationally.

Belle

Market Cap: ₱12.9b

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

Sta. Lucia Land

Market Cap: ₱20.3b

Engages in the real estate development business in the Philippines.