Global Undiscovered Gems With Strong Fundamentals

Wave Power Technology

Market Cap: NT$6.7b

Engages in the research and development, manufacture, and sale of advanced high frequency, high power, high voltage, and high vacuum products.

Nanning Baling Technology

Market Cap: CN¥1.9b

Engages in the research, development, production, and sale of automotive parts in Mainland China.

Apple Flavor & Fragrance GroupLtd

Market Cap: CN¥3.7b

Engages in the manufacture and sale of flavors, fragrances, and food ingredients in China.

ICP Das

Market Cap: NT$4.1b

Produces and sells industrial automation products and solutions worldwide.

Jiangsu NanFang PrecisionLtd

Market Cap: CN¥9.0b

Research and development, manufacturing, and sale of needle roller bearings, one-way clutches, one-way pulley assemblies, and mechanical parts in China and internationally.

Aotecar New Energy Technology

Market Cap: CN¥7.9b

Engages in the production and sale of automotive thermal management systems and components.

Shanghai Sanmao Enterprise (Group)

Market Cap: CN¥2.3b

Shanghai Sanmao Enterprise (Group) Co., Ltd.

Matrix Design

Market Cap: CN¥4.2b

Engages in the space design and soft furnishing businesses in China.

Yotrio Group

Market Cap: CN¥8.1b

Manufactures, and sells outdoor furniture products in China, Europe, North and South America, Australia, Asia, Africa, 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.

Fujian Yuanxiang New MaterialsLtd

Market Cap: CN¥2.7b

Engages in the research, development, production, and sale of silica in China and internationally.

Cheryong ElectricLtd

Market Cap: ₩601.5b

Manufactures and sells power electric equipment in South Korea.

Risuntek

Market Cap: CN¥3.9b

Researches, develops, manufactures, and sells electroacoustic products and components in China.

Henan Tong-Da Cable

Market Cap: CN¥4.9b

Researches, develops, and produces wires and cables in the People’s Republic of China.

Inno Laser Technology

Market Cap: CN¥5.8b

Engages in the research and development, production, and sale of lasers and overall solutions in China and internationally.

Loyalty Founder EnterpriseLtd

Market Cap: NT$4.3b

Engages in the manufacture, processing, and sale of precision steel molds and stamping die products for computers and server chassis in Taiwan, the United States, and Mainland China.

Yantai Yatong Precision Mechanical

Market Cap: CN¥3.2b

Engages in the research and development, production, sale, and service of auto parts and mining auxiliary transportation equipment in China.

Ace Bed

Market Cap: ₩330.4b

Engages in the manufacture and sale of beds and furniture products in Korea and internationally.

Century Land

Market Cap: ₫4.0t

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.

Shanghai Menon Animal Nutrition Technology

Market Cap: CN¥2.4b

Shanghai Menon Animal Nutrition Technology Co., Ltd.

Zhangjiagang Haiguo New Energy Equipment Manufacturing

Market Cap: CN¥2.4b

Zhangjiagang Haiguo New Energy Equipment Manufacturing Co., Ltd.

Jeju Semiconductor

Market Cap: ₩622.1b

Provides memory semiconductor solutions worldwide.

Bao Minh Insurance

Market Cap: ₫2.7t

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

Ningxia Western Venture IndustrialLtd

Market Cap: CN¥7.0b

Ningxia Western Venture Industrial Co.,Ltd.

GDH Supertime Group

Market Cap: CN¥6.1b

Engages in the research and development, production, and sale of malt raw material for beer brewing in China.

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.

Shenzhen Cheng Chung Design

Market Cap: CN¥3.8b

Provides decoration design, consulting, and construction services in China and internationally.

ShenzhenJingQuanHua ElectronicsLtd

Market Cap: CN¥7.0b

Designs, manufactures, and sells electronic components, power supplies, and specialized transformers worldwide.

Xin Yuan Enterprises Group

Market Cap: HK$929.3m

An investment holding company, provides asphalt tanker and bulk carrier chartering services in the People’s Republic of China, Hong Kong, and Singapore.

Cian

Market Cap: US$237.9m

Operates an online real estate classifieds platform in Russia.

Benchmark Bankshares

Market Cap: US$146.8m

Operates as the holding company for Benchmark Community Bank that provides various banking products and services in the United States.

Thomasville Bancshares

Market Cap: US$599.8m

Operates as the bank holding company for Thomasville National Bank that provides a range of banking services to individual and corporate customers primarily in Thomas and Glynn counties, Georgia, Leon County, Florida, and the surrounding counties.

Dunav Re a.d.o

Market Cap: дин10.1b

Provides reinsurance services in Serbia.

JD Bancshares

Market Cap: US$109.3m

Operates as a bank holding company for JD Bank that provides various banking products and services to individuals and businesses primarily in southern Louisiana.

Honda India Power Products

Market Cap: ₹23.7b

Engages in the manufacture, marketing, and sale of portable generators, water pumps, general purpose engines, lawn mowers, brush cutters, hand tools, portable gensets, tillers, and marine engines in India and internationally.

Kawasaki Setsubi Kogyo

Market Cap: JP¥28.0b

Engages in the construction business in Japan.