Global Undiscovered Gems With Strong Fundamentals

JM Financial

Market Cap: ₹105.2b

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

Hokuyaku Takeyama HoldingsInc

Market Cap: JP¥17.7b

Engages in the wholesale of pharmaceutical products in Japan.

Jiangxi First Hydraulic

Market Cap: CN¥2.3b

Engages in the research, development, manufacture, and sale of hydraulic piping system components in China.

Chengdu Qushui Science and Technology

Market Cap: CN¥2.7b

Chengdu Qushui Science and Technology Co., Ltd.

Vistin Pharma

Market Cap: NOK 1.1b

Through its subsidiary, Vistin Pharma AS, engages in the production and sale of active pharmaceutical ingredients (APIs) worldwide.

Shanghai NAR Industrial

Market Cap: CN¥4.1b

Develops, produces, and sells digital printing materials in China.

Dimerco Data System

Market Cap: NT$9.6b

Engages in the design, development, and sale of various software products in Taiwan.

Naim Holdings Berhad

Market Cap: RM 475.7m

An investment holding company, engages in the property development and construction businesses in Malaysia and Fiji.

Xinjiang Xinxin Mining Industry

Market Cap: HK$2.0b

Engages in mining, ore processing, smelting, refining, and selling of nickel, copper, and other nonferrous metals.

Kayseri Seker Fabrikasi Anonim Sirketi

Market Cap: ₺12.9b

Manufactures and sells sugar in Turkey and internationally.

Advanced Information Technology

Market Cap: ฿6.6b

Engages in sale, design, installation, project management, repair and maintenance, training, and turnkey for network infrastructure and information and communication technology systems in Thailand.

NINtec Systems

Market Cap: ₹8.5b

Provides software development services and solutions in India.

Suntront Technology

Market Cap: CN¥4.0b

Develops, manufactures, and sells smart meters in China.

Zhejiang Guanghua TechnologyLtd

Market Cap: CN¥2.8b

Engages in the research and development of polyester resins for powder coating in China.

Univacco Technology

Market Cap: NT$4.7b

Operates in the stamping foil industry under the UNIVACCO brand in Taiwan and internationally.

AS Merko Ehitus

Market Cap: €521.3m

Through its subsidiaries, engages in the construction and real estate development activities in the Republic of Estonia, Latvia, Lithuania, and Norway.

Kilburn Engineering

Market Cap: ₹19.4b

Designs, manufactures, supplies, installs, and commissions customized process equipment for various applications in India and internationally.

Tifico Fiber Indonesia

Market Cap: Rp2.4t

Engages in the production and sale of polyester products in Indonesia, Japan, Thailand, the United States, China, Germany, and internationally.

Bank China Construction Bank Indonesia

Market Cap: Rp2.6t

Provides various banking products and services in Indonesia.

Metropolitan Kentjana

Market Cap: Rp23.0t

Develops and manages land and buildings in Indonesia.

PAM Mineral

Market Cap: Rp10.2t

Together with its subsidiary, PT Indrabakti Mustika, engages in mining and quarrying of mineral properties in Indonesia.

Thomasville Bancshares

Market Cap: US$503.0m

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.

Scientific Energy

Market Cap: US$395.0m

Focuses on e-commerce platform business.

Indonesia Fibreboard Industry

Market Cap: Rp2.3t

Engages in the wood processing industry in Indonesia, Japan, the Middle East, and internationally.

Superkrane Mitra Utama

Market Cap: Rp3.3t

Provides general trading and heavy equipment rental services in Indonesia.

Panion & Bf Biotech

Market Cap: NT$6.0b

A biotechnology pharmaceutical company, provides western medicines, cosmetics, and health care products in Taiwan, the United States, China, Hong Kong, and internationally.

POSCO STEELEON

Market Cap: ₩227.3b

Manufactures, processes, and sells steel products in South Korea and internationally.

Soda Nikka

Market Cap: JP¥23.9b

Engages in the trading of chemicals in Japan and internationally.

APM Automotive Holdings Berhad

Market Cap: RM 684.2m

An investment holding company, designs, assembles, manufactures, produces, and distributes automotive and locomotive components in Malaysia, Indonesia, Vietnam, Europe, the United States, Australia, and internationally.

Shanghai Zhezhong GroupLtd

Market Cap: CN¥5.8b

Manufactures and sells sets of switchgears in China.

Motic (Xiamen) Electric GroupLtd

Market Cap: CN¥8.1b

Researches, develops, produces, and sells insulation products and other related components for the power transmission and transformation industry in China.

Brightek Optoelectronic

Market Cap: NT$3.1b

Provides LED and sensor packaging, and optoelectronics solutions in Taiwan and internationally.

Fukui Bank

Market Cap: JP¥38.4b

Provides various banking products and services in Japan.

BK Group

Market Cap: KSh30.7b

Provides retail and corporate banking, insurance, brokerage, internet, and digital services in Rwanda.

Tariq Glass Industries

Market Cap: PK₨35.5b

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

Tourism Enterprises

Market Cap: ر.س994.6m

Engages in the managing of tourism buildings in the Kingdom of Saudi Arabia.