Global Undiscovered Gems With Strong Fundamentals

Formosa Taffeta

Market Cap: NT$29.3b

Operates in the textile industry in Taiwan and Asia.

Asahi Kogyosha

Market Cap: JP¥53.2b

Primarily engages in the air-conditioning and sanitation installation works in Japan.

Taiwan Steel Union

Market Cap: NT$12.0b

Manufactures and trades in zinc oxide and non-metallic mineral products in Taiwan.

Group Up Industrial

Market Cap: NT$12.0b

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

Cabbeen Fashion

Market Cap: HK$875.9m

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.

GDH Supertime Group

Market Cap: CN¥5.8b

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

Sagami Holdings

Market Cap: JP¥51.9b

Operates a chain of Japanese cuisine/noodle restaurants in Japan, Vietnam, and Italy.

Genesis Technology

Market Cap: NT$8.0b

Provides information system integration services and solutions in Taiwan.

Vietnam Export Import Commercial Bank

Market Cap: ₫37.0t

Provides various banking services and products to organizations and individual customers in Vietnam.

Shenzhen Guangju Energy

Market Cap: CN¥8.9b

Engages in the storage, transportation, and distribution of liquefied petroleum gas in China and internationally.

AMBITION DX HOLDINGS

Market Cap: JP¥14.7b

A real estate company, provides property management services in Japan and internationally.

CHC Resources

Market Cap: NT$19.8b

Manufactures and supplies construction materials in Taiwan.

Kabra Extrusiontechnik

Market Cap: ₹9.9b

Provides plastic extrusion machinery for manufacturing pipes and films in India.

Balmer Lawrie

Market Cap: ₹38.7b

Engages in industrial packaging, greases and lubricants, chemicals, logistic services and infrastructure, refinery and oil field, and travel and vacation services businesses in India and internationally.

Bon Fame

Market Cap: NT$3.8b

Operates in fashion market in Taiwan.

Daqing Huake

Market Cap: CN¥2.2b

Develops, produces, and sells petrochemicals and fine chemicals in China.

China National Electric Apparatus Research Institute

Market Cap: CN¥10.2b

China National Electric Apparatus Research Institute Co., Ltd.

Aotecar New Energy Technology

Market Cap: CN¥8.0b

Engages in the research and development, design, manufacture, and sale of automotive AC compressors and HVAC systems.

Hubei Huaqiang High-Tech

Market Cap: CN¥5.9b

Research, develops, produces, and sells special protective equipment, pharmaceutical packaging, and medical devices in China.

Dainichiseika Color & Chemicals Mfg

Market Cap: JP¥53.2b

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

NippiIncorporated

Market Cap: JP¥25.2b

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

Shengtak New Material

Market Cap: CN¥3.3b

Engages in the research and development, production, and sale of seamless steel pipes for use in industrial energy equipment in China.

Qinghai Jinrui Mining Development

Market Cap: CN¥3.1b

Produces and sells strontium salt products in China.

ISB

Market Cap: JP¥15.4b

Engages in the provision of embedded software development services for mobile, medical, and automotive applications in Japan.

Netronix

Market Cap: NT$9.7b

Designs and manufactures network and e-Reader products in Taiwan and internationally.

GFC

Market Cap: NT$19.4b

Manufactures and sells elevators, escalators, and generators in Taiwan.

SciVision Biotech

Market Cap: NT$7.0b

Manufactures and sells hyaluronic acid medical products in Taiwan.

Atlan Holdings Bhd

Market Cap: RM 634.1m

An investment holding company, primarily engages in the trading of duty-free goods, and dutiable and non-dutiable merchandise in Malaysia.

Longduoduo

Market Cap: US$149.8m

Together its subsidiaries, provides preventive healthcare solutions in the People’s Republic of China.

Depa

Market Cap: د.إ436.5m

Provides interior solutions.

AYER Holdings Berhad

Market Cap: RM 576.4m

Engages in property development and plantation businesses in Malaysia.

Penguin International

Market Cap: S$220.2m

An investment holding company, designs, builds, owns, and operates high-speed aluminum crafts in Singapore, East Asia, Africa, Europe, the Middle East, rest of Southeast Asia, and internationally.

Fidelity D & D Bancorp

Market Cap: US$241.8m

Operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers.

Oil-Dri Corporation of America

Market Cap: US$676.8m

Develops, manufactures, and markets sorbent products in the United States and internationally.

Technical Olympic

Market Cap: €93.7m

Engages in the shipping, marina management, and construction businesses in Greece, Romania, and Cyprus.

Baader Bank

Market Cap: €215.7m

Provides investment and banking services in Europe.