Global Undiscovered Gems With Strong Fundamentals

Yellow Hat

Market Cap: JP¥149.6b

Operates a store network for the sale and installation of car goods and parts.

TAJGVK Hotels & Resorts

Market Cap: ₹30.4b

Owns, operates, and manages hotels, palaces, and resorts under the TAJ brand in India.

PAM Mineral

Market Cap: Rp10.8t

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

Shenglan Technology

Market Cap: CN¥8.9b

Researches and develops, manufactures, and sells electronic connectors, wire harness components, and precision components and parts worldwide.

Allmind Holdings

Market Cap: NT$4.9b

Develops and rents house and building in Taiwan.

Novartis India

Market Cap: ₹23.0b

Novartis India Limited is involved in the pharmaceutical business in India.

Ocean One Holding

Market Cap: HK$1.4b

An investment holding company, engages in the import and wholesale of frozen seafood products in Hong Kong, Macau, Mainland China, Taiwan, and Japan.

Shanghai Huitong EnergyLtd

Market Cap: CN¥7.2b

Engages in real estate development business in China.

YAKUODO HOLDINGS

Market Cap: JP¥44.6b

Through its subsidiaries, engages in drugstore business in Japan.

Stallion India Fluorochemicals

Market Cap: ₹15.4b

Engages in debulking, blending, and processing of refrigerants and industrial gases in India.

China Hi-Tech Group

Market Cap: CN¥6.3b

Engages in the education and real estate leasing businesses in China.

Jaykay Enterprises

Market Cap: ₹19.2b

Engages in additive manufacturing, prototyping, and 3D printing technology business in India.

Akasha Wira International

Market Cap: Rp7.8t

Engages in the manufacture and distribution of bottled drinking water, soy milk, and cosmetic products in Indonesia and internationally.

Hong Kong Ferry (Holdings)

Market Cap: HK$1.8b

An investment holding company, engages in the property development and investment businesses in Hong Kong.

Refex Industries

Market Cap: ₹44.8b

Engages in handling and disposal of fly ash in India.

Hubei Kailong Chemical Group

Market Cap: CN¥4.9b

Engages in the production and sale of explosive materials primarily in China.

LVMC Holdings

Market Cap: ₩338.0b

Manufactures, imports, and distributes automobiles and motorcycles in Vietnam and internationally.

Shanghai NAR Industrial

Market Cap: CN¥3.4b

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

AS Merko Ehitus

Market Cap: €513.3m

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

Abhotel

Market Cap: JP¥23.0b

Operates hotels in Japan.

Zhejiang Viewshine Intelligent MeterLtd

Market Cap: CN¥3.3b

Primarily engages in research, development, manufacture, and sale of ultrasonic gas and water meters, and intelligent gas/water information system platforms and terminals in China and internationally.

Shandong Polymer Biochemicals

Market Cap: CN¥3.4b

Produces and sells special chemicals for oil and gas exploitation in China and internationally.

Guangdong Weide Information Technology CO.Ltd

Market Cap: CN¥4.0b

Guangdong Weide Information Technology CO,.Ltd.

Sarana Mitra Luas

Market Cap: Rp4.5t

Engages in the forklift rental business in Indonesia.

Lianhe Sowell International Group

Market Cap: US$127.9m

Through its subsidiaries, engages in the provision of machine vision products and solutions in China.

First Capital

Market Cap: US$144.8m

Operates as the bank holding company for First Harrison Bank that provides various banking services to individuals and business customers in Indiana and Kentucky, the United States.

Paul Hartmann

Market Cap: €795.6m

Manufactures and sells medical and care products in Germany, rest of Europe, the Middle East, Africa, Asia and Pacific region, and the Americas.

Tigbur - Temporary Professional Personnel

Market Cap: ₪510.6m

Tigbur - Temporary Professional Personnel Ltd.

Platform Turizm Tasimacilik Gida Insaat Temizlik Hizmetleri Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺6.3b

Provides personnel and student transportation.

Bank Of Africa Senegal

Market Cap: XOF 183.4b

Provides various banking products and services to individuals, businesses, and small and medium sized enterprises in Senegal.

Aplicaciones y Tratamiento de Sistemas

Market Cap: €216.5m

Aplicaciones y Tratamiento de Sistemas, S.A.

ENB Financial

Market Cap: US$111.4m

Operates as the bank holding company for Ephrata National Bank that provides various financial services to individuals and small-to-medium-sized businesses in the United States.

Etoiles Capital Group

Market Cap: US$145.8m

Through its subsidiaries, provides integrated investor relations services in Hong Kong, China, and the United States.

Columbus

Market Cap: DKK 1.3b

A digital advisory and IT services consultancy company, provides digital transformation solutions for the manufacturing, retail and distribution, food and beverage, and life science industries in the Denmark and internationally.

iOCO

Market Cap: R2.6b

Provides information and communications technology services in Africa, the United Kingdom, Europe, and the Middle East.

Jaiz Bank

Market Cap: ₦201.1b

Provides non-interest banking services in Nigeria.