Global Undiscovered Gems With Strong Fundamentals

PINAGO UTAMA

Market Cap: Rp2.4t

Engages in the oil palm and rubber plantation business in Indonesia.

Lan Fa Textile

Market Cap: NT$3.8b

Engages in the manufacture and sale of polyester textured yarn in Taiwan.

Krishana Phoschem

Market Cap: ₹31.4b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

AzureWave Technologies

Market Cap: NT$10.4b

Engages in the manufacture and sale of wireless connectivity and image processing solutions worldwide.

OpenWork

Market Cap: JP¥21.8b

Develops and manages a job and recruitment information platform in Japan.

VICOM

Market Cap: S$581.5m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Qijing Machinery

Market Cap: CN¥3.7b

Researches and develops, produces, and sells electric tool parts in China.

Nippon Sharyo

Market Cap: JP¥48.4b

Engages in the railway vehicles, construction machinery, transportation equipment and steel structures, engineering, and other businesses in Japan, the United States, Asia, and internationally.

OUG Holdings

Market Cap: JP¥21.3b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Shenyang Yuanda Intellectual Industry GroupLtd

Market Cap: CN¥5.1b

Researches, develops, manufactures, installs, and sells elevators in China and internationally.

Wuxi Xinan Technology

Market Cap: CN¥2.9b

Engages in the research, development, production, and sale of aluminum alloy auto parts for commercial vehicles and passenger cars in China.

Lippo Cikarang

Market Cap: Rp3.1t

Develops real estate and industrial estate projects in Indonesia.

TCPL Packaging

Market Cap: ₹29.5b

Manufactures and sells paperboard-based packaging materials and flexible packaging products in India.

SALUS Ljubljana d. d

Market Cap: €402.7m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.

Daoming Optics&ChemicalLtd

Market Cap: CN¥6.8b

Engages in the research and development, production, and sale of various functional films and polymer synthetic materials in China and internationally.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp21.5t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the Middle East, the United States, and internationally.

Balaji Telefilms

Market Cap: ₹14.1b

Engages in the television content business in India and internationally.

Indo Farm Equipment

Market Cap: ₹11.3b

Manufactures and sells agricultural, industrial, and construction equipment in India.

CTCI Advanced Systems

Market Cap: NT$5.0b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Orkla India

Market Cap: ₹94.1b

Operates as a food company, manufactures and sells spices and convenience foods in India and internationally.

Center International GroupLtd

Market Cap: CN¥8.1b

Provides building metal enclosure systems solutions in China.

Ningbo Henghe Precision IndustryLtd

Market Cap: CN¥11.9b

Ningbo Henghe Precision Industry Co.,Ltd.

Mirai Semiconductors

Market Cap: ₩238.2b

Distributes Samsung electronics semiconductors.

Genesys International

Market Cap: ₹20.2b

Provides geographical information services in India and internationally.

Triocean Industrial Corporation

Market Cap: NT$4.7b

Engages in the construction business in Taiwan.

Anfu CE LINK

Market Cap: CN¥3.9b

Researches, designs, develops, manufactures, sells, and services electronic signal transmission adaptation products and other consumer electronics products.

Zhejiang Yayi Metal TechnologyLtd

Market Cap: CN¥2.4b

ZheJiang Yayi Metal Technology Co.,Ltd engages in the research and development, production, processing, and sale of outdoor braziers and gas stoves in the United States, Canada, and internationally.

Tibet TourismLtd

Market Cap: CN¥4.1b

Engages in the tourism, attractions, services, and commerce business in China.

ShenZhen QiangRui Precision Technology

Market Cap: CN¥9.6b

ShenZhen QiangRui Precision Technology Co., Ltd.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.7b

Operates as a chemical raw material manufacturing company in China and internationally.

Anji Foodstuff

Market Cap: CN¥3.4b

Engages in the research and development, production, and sale of condiments in China and internationally.

Toukei Computer

Market Cap: JP¥73.0b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

Qingdao CHOHO IndustrialLtd

Market Cap: CN¥5.9b

Qingdao Choho Industrial Co., Ltd. engages in the research, development, manufacture, and sale of automobile chains worldwide.

Kanda HoldingsLtd

Market Cap: JP¥18.6b

Through its subsidiaries, provides integrated logistics services in Japan and internationally.

Wuhan Huakang Century Clean Technology

Market Cap: CN¥3.2b

Wuhan Huakang Century Clean Technology Co., Ltd.

Cita Mineral Investindo

Market Cap: Rp18.3t

Engages in bauxite mining activities in Indonesia.