Global Undiscovered Gems With Strong Fundamentals

Inner Mongolia Xinhua Distribution GroupLtd

Market Cap: CN¥4.5b

Inner Mongolia Xinhua Distribution Group Co.,Ltd.

Yamanashi Chuo BankLtd

Market Cap: JP¥94.9b

Provides various banking services to individual and corporate customers in Japan.

Yabao Pharmaceutical Group

Market Cap: CN¥4.9b

Researches, develops, manufactures, and sells Chinese and Western medicines, and pharmaceutical packaging materials in China and internationally.

Yunfeng Financial Group

Market Cap: HK$15.2b

An investment holding company, provides insurance products in Hong Kong and Macao.

Syngen BiotechLtd

Market Cap: NT$3.3b

Engages in the research, development, manufacturing, and sale of microbial pharmaceutical raw materials, biological pesticides, fertilizers and biochemical nutritional products, and preventive medicines in Taiwan, China, and internationally.

Japan Wool Textile

Market Cap: JP¥113.9b

Operates in the textile industry in Japan.

TOA

Market Cap: JP¥34.9b

Manufactures and sells broadcasting, communications, and transmission equipment in Japan.

Changhong Jiahua Holdings

Market Cap: HK$2.4b

An investment holding company, distributes information and communication technology (ICT) consumer products, ICT corporate products, and other products in the People's Republic of China and internationally.

Ganesh Housing

Market Cap: ₹71.9b

Engages in the real estate and construction businesses in India.

Advait Energy Transitions

Market Cap: ₹20.4b

Provides products and solutions for power transmission, substation, and telecommunication infrastructure sectors in India and internationally.

Vascon Engineers

Market Cap: ₹12.4b

Provides engineering, procurement, and construction (EPC) services in India.

Nanjing Railway New TechnologyLtd

Market Cap: CN¥4.2b

Engages in the research, development, and manufacturing of rail vehicle body parts and bogie parts in China and internationally.

Fu Yu Property

Market Cap: NT$5.2b

Engages in the development, rental, and sale of residential buildings in Taiwan.

Zhejiang Kan Specialities Material

Market Cap: CN¥2.7b

Zhejiang Kan Specialities Material Co., Ltd.

Osel Devices

Market Cap: ₹9.1b

Designs, manufactures, and assembles a range of LED display systems in India.

IZMO

Market Cap: ₹11.2b

Offers hi-tech automotive e-retailing solutions in India and internationally.

Northern United Publishing & Media (Group)

Market Cap: CN¥4.0b

Engages in the publication, distribution, and printing of textbooks, supplementary books, general books, and other publications in China.

Ningbo DonlyLtd

Market Cap: CN¥6.6b

Engages in the research and development, manufacture, sale, and technical consultation of transmission equipment, door control systems, and industrial automatic control systems in China and internationally.

Sanjiang Shopping ClubLtd

Market Cap: CN¥6.8b

Operates a chain of food supermarkets in Zhejiang province, the People’s Republic of China.

Baotou INST Magnetic New Materials

Market Cap: CN¥9.8b

Baotou INST Magnetic New Materials Co., Ltd.

GDH Guangnan (Holdings)

Market Cap: HK$816.8m

An investment holding company, engages in the distribution and trading of fresh and live foodstuffs in Hong Kong, Mainland China, Asian countries, and internationally.

JM Financial

Market Cap: ₹176.2b

Provides various integrated and diversified financial services to corporations, financial institutions, government organizations, high net-worth individuals, and retail customers in India and internationally.

Privi Speciality Chemicals

Market Cap: ₹89.2b

Engages in the manufacture, supply, and export of aroma and fragrance chemicals in India, North America, Asia, the Middle East, Africa, Europe, South America, and the United Kingdom.

OKP Holdings

Market Cap: S$313.1m

Together with its subsidiary, operates as a transport infrastructure and civil engineering company in Singapore and Australia.

Taiwan Kong KingLtd

Market Cap: NT$4.0b

Taiwan Kong King Co.,Ltd acts as a specialized agent for electronics related manufacturers in Taiwan and China.

Hokuyaku Takeyama HoldingsInc

Market Cap: JP¥17.9b

Engages in the wholesale of pharmaceutical products in Japan.

Chugai Mining

Market Cap: JP¥16.4b

Chugai Mining Co., Ltd. collects, processes, refines, and retails precious metals in Japan and internationally.

LC Logistics

Market Cap: HK$4.6b

A freight forwarding company, provides integrated cross-border seaborne logistics and time charter services worldwide.

Tariq Glass Industries

Market Cap: PK₨47.1b

Engages in the manufacture and sale of glass containers, opal glass, tableware, and float glass in Pakistan.

COPRO-HOLDINGS

Market Cap: JP¥41.3b

Engages in the temporary staffing business in Japan and internationally.

Lloyds Engineering Works

Market Cap: ₹92.3b

Provides engineering products and services in India.

Bank of InnovationInc

Market Cap: JP¥38.9b

Develops and operates smartphone games in Japan.

Shandong Longji MachineryLtd

Market Cap: CN¥3.3b

Engages in research, development, production, and sale of automotive brake components in China and internationally.

Sanyo Engineering & Construction

Market Cap: JP¥15.6b

Engages in the electric facility construction business in Japan and internationally.

Teemsun TechnologyLtd

Market Cap: CN¥8.1b

A weapons and equipment company, engages in the research and development, production, sale, and service of infrared thermal imaging and other optoelectronics equipment.

Yamaura

Market Cap: JP¥26.6b

Operates as a construction company in Japan.