Global Undiscovered Gems With Strong Fundamentals

Flügger group

Market Cap: DKK 972.7m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

System ResearchLtd

Market Cap: JP¥34.5b

Offers software development services in Japan.

KinjiroLtd

Market Cap: JP¥24.3b

Provides human resource management (HRM) solution services.

Hyakugo Bank

Market Cap: JP¥204.8b

Provides various financial services to individual and corporate/sole proprietor customers in Japan.

Tai Sin Electric

Market Cap: S$239.3m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺5.6b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

Billion Industrial Holdings

Market Cap: HK$9.7b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Palasino Holdings

Market Cap: HK$1.9b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

China New City Group

Market Cap: HK$1.3b

An investment holding company, engages in the commercial property development and investment for leasing, and commercial operations in Mainland China and internationally.

Toukei Computer

Market Cap: JP¥71.6b

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

Shenzhen Bsc TechnologyLtd

Market Cap: CN¥6.6b

Engages in the design, development, production, and sale of functional devices for electronic products.

Hua Na Hydropower

Market Cap: ₫5.8t

Engages in the electricity generation activities.

YH Entertainment Group

Market Cap: HK$1.8b

An investment holding company, operates as an artist management company in Mainland China and Korea.

Suzhou Chunqiu Electronic Technology

Market Cap: CN¥6.1b

Suzhou Chunqiu Electronic Technology Co., Ltd.

Wealth First Portfolio Managers

Market Cap: ₹13.0b

Provides share and stock broking services in India.

Wholetech System Hitech

Market Cap: NT$10.0b

Provides system integration services in Taiwan, China, and Singapore.

Tsubakimoto Kogyo

Market Cap: JP¥53.2b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

First Investment Bank AD

Market Cap: лв808.0m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

CTCI Advanced Systems

Market Cap: NT$4.4b

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

Taisun Enterprise

Market Cap: NT$9.1b

Engages in the processing, manufacturing, wholesaling, and retailing of oil, food and beverages, and flour products in Taiwan.

Dwi Guna Laksana

Market Cap: Rp2.2t

Engages in the coal mining and trading activities in Indonesia.

New Asia Construction & Development

Market Cap: NT$3.2b

Provides public construction services for governments in Taiwan.

Imuraya Group

Market Cap: JP¥32.5b

Manufactures and sells various food products in Japan and internationally.

Ramco Industries

Market Cap: ₹26.6b

Engages in the building products, textiles, and power generation businesses in India.

MOBI Industry

Market Cap: ر.س587.5m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Knowledge Marine & Engineering Works

Market Cap: ₹20.2b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Kyungbangco.Ltd

Market Cap: ₩177.6b

Engages in textile spinning and real estate development businesses in South Korea.

Payton Industries

Market Cap: ₪457.1m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Purple Group

Market Cap: R2.5b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Jordanian Duty Free Shops

Market Cap: د.أ146.5m

Invests in, operates, and manages duty-free shops.

Y.D. More Investments

Market Cap: ₪3.0b

A privately owned Investment Manager.

Asian Terminals

Market Cap: ₱53.6b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Guangzhou Devotion Thermal Technology

Market Cap: CN¥2.8b

Guangzhou Devotion Thermal Technology Co., Ltd.

Wuxi Chemical Equipment

Market Cap: CN¥4.1b

Designs, develops, manufactures, and markets metal pressure vessels in China.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ683.1m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Standard Chartered Bank Kenya

Market Cap: KSh120.2b

Provides various banking products and services for individuals and businesses.