Global Undiscovered Gems With Strong Fundamentals

Zhejiang Haisen Pharmaceutical

Market Cap: CN¥2.9b

Engages in the research and development, production, and sale of chemical active pharmaceutical ingredient and intermediates in China.

Pizu Group Holdings

Market Cap: HK$1.9b

An investment holding company, engages in the manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

La Forestière Equatoriale

Market Cap: €139.2m

Does not have any significant operations.

Renxin New MaterialLtd

Market Cap: CN¥2.4b

Engages in the research and development, production, and sale of polystyrene polymer materials in China.

Meditera Tibbi Malzeme Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺4.7b

Manufactures and sells medical devices in Turkey.

PAN Group

Market Cap: ₫5.6t

Engages in the agricultural, food, financial investment, financial, and other related activities in Vietnam and internationally.

Viet Nam Forestry Corporation -

Market Cap: ₫6.3t

Engages in the caring, management, and exploitation of forests.

Oriental Precision & EngineeringLtd

Market Cap: ₩219.3b

Oriental Precision & Engineering Co.,Ltd.

Jagsonpal Pharmaceuticals

Market Cap: ₹14.4b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Nibe

Market Cap: ₹14.9b

Engages in the fabrication and machining of components business in India and internationally.

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك37.9m

Engages in real estate development and investment activities in Kuwait and Other GCC countries.

Chudenko

Market Cap: JP¥176.8b

Operates as an equipment engineering company in Japan.

Wealth First Portfolio Managers

Market Cap: ₹9.4b

Provides share and stock broking services in India.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Xinlei Compressor

Market Cap: CN¥3.0b

Engages in the research and development, manufacture, and sale of air compressors and blowers in China.

Namuga

Market Cap: ₩178.7b

Designs, produces, and sells cameras and 3D sensing modules in Korea and internationally.

Unitech Computer

Market Cap: NT$6.3b

Engages in the information technology product channel business in Asia, America, Europe, and Oceania.

Natural Food International Holding

Market Cap: HK$1.3b

An investment holding company, engages in the processing and sale of natural health food products in China.

Yuan Cheng CableLtd

Market Cap: CN¥4.2b

Engages in the design, research and development, production, operation, and sales of wire and cable products in China.

Flügger group

Market Cap: DKK 986.1m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Imuraya Group

Market Cap: JP¥32.2b

Manufactures and sells various food products in Japan and internationally.

Timex Group India

Market Cap: ₹15.6b

Engages in the designing, manufacturing, and trading of watches in India and internationally.

Bulbuloglu Vinc Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺3.8b

Manufactures and sells heavy machinery and equipment.

Bank Ganesha

Market Cap: Rp1.8t

Provides various general banking products and services for individuals and businesses in Indonesia.

National Investments Company K.S.C.P

Market Cap: د.ك202.4m

Engages in the investment, treasury, real estate, asset management, advisory, and brokerage businesses in Kuwait and internationally.

AuMas Resources Berhad

Market Cap: RM 1.5b

An investment holding company, engages in gold mining business in Malaysia.

Tibet Weixinkang Medicine

Market Cap: CN¥4.4b

Engages in the research and development, production, and sale of chemical drugs and their bulk drugs in China.

Guangdong Lingxiao Pump IndustryLtd

Market Cap: CN¥6.5b

Guangdong Lingxiao Pump Industry Co.,Ltd.

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.6b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

Hiconics Eco-energy Technology

Market Cap: CN¥5.9b

Engages in the industrial control, residential energy storage, and distributed PV EPC businesses in China and internationally.

Guangdong Kingstrong Technology

Market Cap: CN¥4.9b

Guangdong Kingstrong Technology Co., Ltd.

ShareHope Medicine

Market Cap: NT$3.8b

Provides integrated medical services in Taiwan.

TechNVision Ventures

Market Cap: ₹42.3b

Provides information technology products and services in India and internationally.

Bank of Africa Mali

Market Cap: XOF 65.9b

Provides various banking products and services to individuals, business customers, and SMEs in Mali.

Xiangtan Electrochemical ScientificLtd

Market Cap: CN¥6.8b

Engages in the research and development, production, and sale of battery materials.

FRMO

Market Cap: US$367.6m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.