Global Undiscovered Gems With Strong Fundamentals

Waaree Renewable Technologies

Market Cap: ₹108.3b

Engages in the generation of power through renewable energy sources in India.

Garuda Construction and Engineering

Market Cap: ₹19.7b

Offers civil construction services in India.

S & J International Enterprises

Market Cap: ฿4.5b

Manufactures and distributes cosmetic products in Thailand and internationally.

Advait Energy Transitions

Market Cap: ₹19.8b

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

Lloyds Engineering Works

Market Cap: ₹94.1b

Provides engineering products and services in India.

Privi Speciality Chemicals

Market Cap: ₹88.9b

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.

KAMCO Investment Company K.S.C.P

Market Cap: د.ك51.7m

A publicly owned investment manager.

Osel Devices

Market Cap: ₹9.1b

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

Gulf Medical Projects Company (PJSC)

Market Cap: د.إ1.5b

Manages hospitals in the United Arab Emirates.

Daiken Biomedical

Market Cap: NT$13.1b

Engages in the research and development of healthy food products.

Sinohealth Holdings

Market Cap: HK$1.3b

Provides healthcare solutions for sales and marketing needs of medical product manufacturer clients in Mainland China, the Netherland, England, Hong Kong, Singapore, and internationally.

Ajiya Berhad

Market Cap: RM 660.2m

An investment holding company, manufactures and trades in roofing materials and various glasses in Malaysia and Thailand.

Jiangsu Huaxin New MaterialLtd

Market Cap: CN¥2.1b

Engages in the research and development, production, and sale of functional film materials in China and internationally.

Alpex Solar

Market Cap: ₹32.6b

Designs, manufactures, and sells power photovoltaic (PV) modules and solar systems in India.

Ashapura Minechem

Market Cap: ₹58.4b

Ashapura Minechem Limited is involved in the mining, manufacturing, and trading of various minerals and its derivative products in India and internationally.

Bukit Darah

Market Cap: LK₨99.5b

Engages in the oil palm plantation, oils and fats, beverage, portfolio and asset management, real estate, leisure, and management businesses in Sri Lanka, Malaysia, Indonesia, Singapore, and Mauritius.

MosChip Technologies

Market Cap: ₹45.4b

A semiconductor and system design company, designs, develops, manufactures, and sells system on chip technologies and Internet on Things solutions in India, North America, and the Asia Pacific.

Al Safat Investment Company K.S.C

Market Cap: د.ك61.8m

A Shariah-compliant privately owned investment manager.

PNGS Gargi Fashion Jewellery

Market Cap: ₹9.0b

Engages in the trading of fashion and costume jewelry, articles of silver, and other articles in India.

Kuwait Financial Centre - KPSC

Market Cap: د.ك71.3m

Provides asset management and investment banking services in Kuwait and internationally.

Linktel Technologies

Market Cap: CN¥11.8b

Focuses on the research and development, production, and sale of optical transceiver modules in China and internationally.

Rhetan TMT

Market Cap: ₹15.3b

Engages in the manufacture and sale of thermo-mechanically treated (TMT) bars in India.

R & B Denims

Market Cap: ₹10.0b

Together with its subsidiary, manufactures and sells denim textile products in India.

Aimtron Electronics

Market Cap: ₹14.8b

Provides electronics system design and manufacturing services in the United States, the United Kingdom, India, Hong Kong, Spain, and North America.

Sathlokhar Synergys E&C Global

Market Cap: ₹11.2b

Operates as an integrated engineering, procurement, construction, and infra turnkey contracting company in India.

Zain Bahrain B.S.C

Market Cap: ب.د42.9m

Zain Bahrain B.S.C. principally engages in the provision of public telecommunications and related products and services in the Kingdom of Bahrain.

National International Holding Company K.S.C.P

Market Cap: د.ك34.1m

Engages in the financial and real estate investing, and industrial activities.

Create Technology & ScienceLtd

Market Cap: CN¥5.4b

Engages in the research and development, production, and sale of high-voltage insulators for power transmission and transformation, clean environmental protection equipment and engineering in China and internationally.

Rajesh Power Services

Market Cap: ₹25.5b

Provides engineering, procurement, and construction contracting and services to power transmission and distribution utilities companies in India.

Gujarat Narmada Valley Fertilizers & Chemicals

Market Cap: ₹74.3b

Manufactures and markets fertilizers and chemicals in India and internationally.

APM Terminals Bahrain B.S.C

Market Cap: ب.د99.0m

Owns and operates Khalifa Bin Salman Port in Bahrain.

Dubai National Insurance & Reinsurance (P.S.C.)

Market Cap: د.إ398.5m

Dubai National Insurance & Reinsurance Co.

Tata Steel (Thailand)

Market Cap: ฿6.2b

Engages in the manufacturing, distribution, and trading of steel bars, wire rods, and small section products in Thailand and internationally.

IZMO

Market Cap: ₹12.3b

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

Advanced Information Technology

Market Cap: ฿7.6b

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

PTC India Financial Services

Market Cap: ₹23.9b

A non-banking finance company, provides project financing services for entire energy value chain through investment and lending into such projects.