Global Undiscovered Gems With Strong Fundamentals

COPRO-HOLDINGS

Market Cap: JP¥32.2b

Engages in the temporary staffing business in Japan and internationally.

Nanto Bank

Market Cap: JP¥124.5b

Engages in banking, securities, leasing, and credit guarantee businesses in Japan.

NIPPON PARKING DEVELOPMENTLtd

Market Cap: JP¥78.2b

Provides consulting services for parking lot in Japan and internationally.

INES

Market Cap: JP¥33.1b

Provides information network system services to industrial corporations, financial institutions, and public entities in Japan.

Asia Financial Holdings

Market Cap: HK$3.8b

An investment holding company, underwrites general and life insurance in Hong Kong, Macau, and Mainland China.

Shenzhen Liande Automation Equipmentltd

Market Cap: CN¥5.4b

Shenzhen Liande Automation Equipment co.,ltd.

Hongcheng Environmental Technology

Market Cap: HK$850.0m

Provides gold mine hazardous waste treatment services in the People's Republic of China.

AnyMind Group

Market Cap: JP¥52.9b

Engages in the development and the provision of a platform that provides one-stop support for brand design and planning, production, e-commerce enablement, marketing, and logistics.

Zhejiang Benli Technology

Market Cap: CN¥2.2b

Engages in the research, development, production, and sale of pharmaceutical, pesticide, and other material intermediates in China and internationally.

Ultramarine & Pigments

Market Cap: ₹12.8b

Engages in the manufacture and sale of pigments and surfactants in India.

Solar Applied Materials Technology

Market Cap: NT$31.7b

Manufactures, process, recycles, refines, and trades sputtering targets for thin film, precious metal materials, and specialty chemicals for automobiles in Taiwan, China, and internationally.

Shenyang Jinbei Automotive

Market Cap: CN¥7.2b

Engages in the design, production, and sale of auto parts in China.

Gamania Digital Entertainment

Market Cap: NT$13.6b

Operates as an integrated internet company in Taiwan, rest of Asia, and internationally.

Elegant Home-Tech

Market Cap: CN¥2.6b

Engages in the research and development, production, and sales of polyvinyl chloride (PVC) elastic floorings in China and internationally.

Shanghai Sunglow Packaging TechnologyLtd

Market Cap: CN¥5.0b

Engages in the research, development, manufacture, and sale of packaging and printing products in China.

Arihant Superstructures

Market Cap: ₹14.2b

Operates as a real estate development company in India.

Lloyds Engineering Works

Market Cap: ₹58.2b

Provides engineering products and services in India.

Bank of Commerce

Market Cap: ₱9.7b

Provides various banking products and services to private and corporate clients in the Philippines.

Naim Holdings Berhad

Market Cap: RM 470.7m

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

Shenzhen Cereals HoldingsLtd

Market Cap: CN¥7.6b

Engages in the wholesale and retail, food processing and manufacturing, and leasing and commerce service businesses in the People’s Republic of China.

China Railway High-speed Electrification Equipment

Market Cap: CN¥3.0b

China Railway High-Speed Electrification Equipment Corporation Limited engages in the design, research and development, manufacturing, and sales of electrified railway contact network products, urban rail transit power supply equipment, and off-track products.

Baotou INST Magnetic New Materials

Market Cap: CN¥8.2b

Baotou INST Magnetic New Materials Co., Ltd.

Daewon Sanup

Market Cap: ₩159.3b

Manufactures and sells automobile seats in South Korea, China, Russia, and internationally.

Changshu Tianyin ElectromechanicalLtd

Market Cap: CN¥7.3b

Engages in the research and development, production, and sale of refrigerator compressor supporting parts in China.

Talbros Automotive Components

Market Cap: ₹15.5b

Engages in the manufacture and sale of auto components in India.

Chugai Mining

Market Cap: JP¥20.5b

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

Xiamen Leading Optics

Market Cap: CN¥7.8b

Provides optical solution worldwide.

Krishna Defence and Allied Industries

Market Cap: ₹10.8b

Engages in the designing, developing, and manufacturing range of equipment for defence, security, dairy, and kitchen verticals in India.

Asanuma

Market Cap: JP¥60.3b

Operates as a general contractor in Japan and internationally.

Kody Technolab

Market Cap: ₹10.8b

Provides software development services in India, the United States, Canada, the United Kingdom, and internationally.

Kibun Foods

Market Cap: JP¥24.6b

Engages in the production and marketing of processed foods under the Kibun brand name in Japan and internationally.

PRONEXUS

Market Cap: JP¥30.7b

Provides corporate disclosure and investor relation services in Japan.

Sichuan Lutianhua Company Limited By Shares

Market Cap: CN¥7.6b

Produces and sells fertilizer and chemical products in China.

Honda India Power Products

Market Cap: ₹20.8b

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

Jiangxi Salt Industry Group

Market Cap: CN¥5.4b

Engages in the research and development, production, and sale of salt products in China.

Zhejiang Guanghua TechnologyLtd

Market Cap: CN¥2.8b

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