Global Undiscovered Gems With Strong Fundamentals

FS Bancorp

Market Cap: US$165.1m

Operates as the holding company for Farmers State Bank that provides banking products and services to individuals and business customers in Indiana and Michigan.

PTC India

Market Cap: ₹52.0b

Engages in the trading and generating of power in India, Nepal, Bhutan, and Bangladesh.

Gokul Agro Resources

Market Cap: ₹48.8b

Engages in the manufacture and trading of edible and non-edible oils, meals, and other agro products in India.

R M Drip and Sprinklers Systems

Market Cap: ₹11.3b

Designs, manufactures, and sells micro irrigation equipment and components in India.

River Financial

Market Cap: US$264.5m

Operates as the bank holding company for the River Bank & Trust that provides financial services to small to medium-sized businesses, organizations, entrepreneurs, and individuals in the United States.

Forest Water Environmental Engineering

Market Cap: NT$6.8b

Forest Water Environmental Engineering Co., Ltd.

Shin Yang Group Berhad

Market Cap: RM 858.2m

An investment holding company, offers shipping, shipbuilding, and ship repair services in Malaysia and internationally.

SNS Network Technology Berhad

Market Cap: RM 846.3m

Provides technology solutions and integrated information systems to end consumers, SME businesses, large corporations, and education and government institutions.

Soho Global Health

Market Cap: Rp9.6t

Together with its subsidiaires, operates as a healthcare company in Indonesia.

Signature International Berhad

Market Cap: RM 871.4m

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

Jakarta Setiabudi Internasional

Market Cap: Rp9.3t

Engages in the hospitality and property businesses in Indonesia.

Renata

Market Cap: ৳57.9b

Manufactures, markets, and distributes human pharmaceuticals, animal health medicines, nutritionals, and vaccines in Bangladesh.

Al Rashid Industrial

Market Cap: ر.س396.0m

Manufactures and sells plastic and packaging products to the government and commercial sectors in Saudi Arabia.

Teladan Prima Agro

Market Cap: Rp9.3t

Engages in managing palm oil plantations, mills, and renewable energy businesses in Indonesia.

Mohammed Hadi Al-Rasheed

Market Cap: ر.س1.3b

Produces silica sand for various industrial applications.

Liva Insurance

Market Cap: ر.س482.0m

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

Sharjah Cement and Industrial Development (PJSC)

Market Cap: د.إ510.9m

Sharjah Cement and Industrial Development Co.

Sundaram Finance Holdings

Market Cap: ₹107.8b

Engages in the business of investments, and business processing and support services in India and internationally.

Penguin International

Market Cap: S$281.8m

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.

Jiangsu Xiuqiang Glasswork

Market Cap: CN¥4.8b

Researches, develops, manufactures, markets, and sells glass deep-processing products based on printing, coating, and multi-curved surface technology in China and internationally.

Major-Power Technology

Market Cap: NT$3.7b

Operates as an analog IC design company in Taiwan, China, rest of Asia, and Europe.

Samindo Resources

Market Cap: Rp3.7t

Through its subsidiaries, operates as an integrated coal mining services company in Indonesia.

Sembcorp Salalah Power & Water Company SAOG

Market Cap: ر.ع176.6m

Develops, owns, and operates an electricity generation and seawater desalination plant in the Salalah region.

Bank Of Sharjah P.J.S.C

Market Cap: د.إ4.4b

Provides commercial and investment banking products and services in the United Arab Emirates.

Bank Oke Indonesia

Market Cap: Rp2.0t

Provides various banking products and services in Indonesia.

Victoria Investama

Market Cap: Rp2.8t

Provides investment and financial services in Indonesia.

City Bank

Market Cap: ৳41.2b

Provides financial products and services in Bangladesh.

Surya Pertiwi

Market Cap: Rp1.8t

Distributes bathroom and kitchen products in Indonesia.

Jaya Real Property

Market Cap: Rp10.4t

Operates as a property development, management, and investment company in Indonesia.

Bank Asia

Market Cap: ৳24.5b

Provides various banking products and services in Bangladesh and internationally.

Southern Score Builders Berhad

Market Cap: RM 1.2b

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

Kohinoor Chemical Company (Bangladesh)

Market Cap: ৳20.7b

Kohinoor Chemical Company (Bangladesh) Ltd.

AYER Holdings Berhad

Market Cap: RM 524.0m

Engages in property development and plantation businesses in Malaysia.

Kumpulan Fima Berhad

Market Cap: RM 669.9m

An investment holding company, engages in bulking, plantation, food, and manufacturing businesses in Malaysia, Indonesia, and Papua New Guinea.

Spyrosoft Spólka Akcyjna

Market Cap: zł612.0m

Operates as a software engineering company.

Sefalana Holding

Market Cap: P3.8b

Through its subsidiaries, engages in the wholesale and retail distribution of fast-moving consumer goods in Botswana, Australia, Zambia, Lesotho, and Namibia.