Global Undiscovered Gems With Strong Fundamentals

Ton Yi Industrial

Market Cap: NT$28.5b

Engages in the manufacturing and sale of tin plates packaging material in Taiwan, Mainland China, and internationally.

Remala Abadi

Market Cap: Rp6.3t

Operates as an internet service provider in Indonesia.

Millennium & Copthorne Hotels New Zealand

Market Cap: NZ$382.9m

Owns, operates, manages, leases, and franchises hotels in New Zealand and Australia.

Exchange Bank (Santa Rosa CA)

Market Cap: US$186.9m

A community bank, provides a range of personal, commercial, and trust and investment management services in California.

Fotex Holding

Market Cap: €109.5m

Through its subsidiaries, engages in the property management, manufacturing, retailing, and other business activities in Luxembourg, the Netherlands, and Hungary.

Bank Audi sal

Market Cap: US$1.8b

Engages in the retail, commercial, investment, and private banking activities in Lebanon, the Middle East, North Africa, Turkey, and Europe.

Peña Verde

Market Cap: Mex$3.8b

Offers insurance and reinsurance services in Mexico, Latin America, the Caribbean, and internationally.

Tai Tung Communication

Market Cap: NT$3.9b

Manufactures and sells communication cables in Taiwan.

Remixpoint

Market Cap: JP¥53.6b

Engages in the development and sale of energy management systems and energy-saving support consulting services in Japan.

Meiji Electric IndustriesLtd

Market Cap: JP¥26.7b

Imports, exports, and sells electrical devices, measuring instruments, electrical equipment, and automation and energy-saving function components and equipment.

Nihon Nohyaku

Market Cap: JP¥81.4b

Manufactures and sells agrochemicals in Japan and internationally.

Tokyo Kiraboshi Financial Group

Market Cap: JP¥220.3b

Provides financial services for small and medium-sized enterprise in Japan.

Southern Peru Copper Corporation - Sucursal del Peru

Market Cap: S/4.0b

Engages in the mining, milling, and floatation of ore to produce copper concentrates.

Leche Gloria

Market Cap: S/3.1b

Produces and sells milk and other dairy products in Peru, Bolivia, Ecuador.

HS Holdings

Market Cap: JP¥32.1b

Provides merger and acquisition intermediary services in Japan.

Ricoh Leasing Company

Market Cap: JP¥181.6b

Engages in leasing, investment, and financial service businesses in Japan.

Takasago International

Market Cap: JP¥160.2b

Manufactures and sells flavors, fragrances, aroma ingredients, and other fine chemicals.

Hisaka Works

Market Cap: JP¥36.8b

Engages in the manufacture and sale of industrial machinery worldwide.

Chugai Ro

Market Cap: JP¥29.5b

Engages in the development of technologies in the thermal technology field in Japan and internationally.

CHUNGTAI RESOURCE Technology

Market Cap: NT$8.7b

Engages in the waste removal and processing, and recycling of waste lighting sources and waste printed circuits in Taiwan and Japan.

Yodogawa Steel Works

Market Cap: JP¥203.7b

Engages in the manufacture and sales of steel products for industrial and consumer products in Japan.

SAKURA KCS

Market Cap: JP¥15.0b

Provides information services in Japan.

Fuji Nihon

Market Cap: JP¥29.7b

Engages in the manufacture and sale of refined sugar and sugar-related products in Japan.

Sanyo Shokai

Market Cap: JP¥36.8b

Engages in the manufacture and sale of men's and women's clothes and accessories in Japan.

NEOJAPAN

Market Cap: JP¥29.2b

Engages in development and sale of packaged software in Japan and internationally.

Phoenix Tours International

Market Cap: NT$4.6b

Provides travel agency services in Taiwan.

GSI Creos

Market Cap: JP¥29.4b

Offers textiles and industrial products worldwide.

NOROO Holdings

Market Cap: ₩358.0b

Operates as a general fine chemical company in South Korea.

Ehime Bank

Market Cap: JP¥48.7b

Provides banking products and financial services in Japan.

Yushiro

Market Cap: JP¥31.1b

Engages in the manufacture and sale of metalworking oils and fluids, and chemicals for building maintenance worldwide.

Heran

Market Cap: NT$5.3b

Manufactures and sells home appliances in Taiwan.

Komatsu Wall Industry

Market Cap: JP¥47.8b

Engages in the design, manufacture, construction, sale, and service of movable and fixed partitions, toilet booths, and low partitions in Japan.

NEW ART HOLDINGS

Market Cap: JP¥26.5b

Operates bridal jewelry business in Japan.

Kourakuen

Market Cap: JP¥20.7b

Operates a chain of ramen restaurant under the Korakuen name in Japan and internationally.

OPEN Group

Market Cap: JP¥23.3b

Operates as a technology company.

FFRI Security

Market Cap: JP¥56.7b

Engages in research and consulting related to computer security products in Japan.