Global Undiscovered Gems With Strong Fundamentals

COSCO SHIPPING International (Hong Kong)

Market Cap: HK$6.9b

An investment holding company, provides shipping services in the People’s Republic of China and internationally.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.1b

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

MIA Teknoloji Anonim Sirketi

Market Cap: ₺22.6b

Provides software development services to public and private organizations in Turkey.

Nippon Sharyo

Market Cap: JP¥28.9b

Engages in the manufactures and sale of railway rolling stock, transportation equipment, steel structures, and construction equipment; and engineering and other activities in Japan, the United States, Asia, and internationally.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥1.3b

Engages in the material transmission, warehousing, logistics, and sorting systems in industrial production in China.

Chuo WarehouseLtd

Market Cap: JP¥26.0b

Provides various logistics services in Japan and internationally.

Shenzhen Keanda Electronic Technology

Market Cap: CN¥2.8b

Shenzhen Keanda Electronic Technology Corp., Ltd.

Red phase

Market Cap: CN¥2.7b

Provides solutions for power grid condition maintenance and intelligent operation in China.

Guangdong Lingxiao Pump IndustryLtd

Market Cap: CN¥6.2b

Guangdong Lingxiao Pump Industry Co.,Ltd.

Ceylinco Holdings

Market Cap: LK₨68.7b

Ceylinco Holdings PLC underwrites various classes of general and life insurance products primarily in Sri Lanka.

National Corporation for Tourism and Hotels

Market Cap: د.إ2.1b

Invests in, owns, and manages hotels and leisure complexes in the United Arab Emirates.

Silvery Dragon Prestressed MaterialsLTD Tianjin

Market Cap: CN¥5.4b

Manufactures and sells prestressed steel products in China and internationally.

Lion Rock Group

Market Cap: HK$1.1b

An investment holding company, provides printing services to international book publishers, trade, professional and educational publishing conglomerates, and print media companies.

INCAR FINANCIAL SERVICE

Market Cap: ₩337.2b

Operates as an independent insurance agency in South Korea.

AJIS

Market Cap: JP¥20.8b

Provides inventory and other retail support services in Asia.

Piccadily Agro Industries

Market Cap: ₹55.3b

Manufactures and sells white sugar in India.

Qingdao Eastsoft Communication TechnologyLtd

Market Cap: CN¥8.4b

Research and develops power line carrier and AMI communication solutions in China.

Amanat Holdings PJSC

Market Cap: د.إ2.7b

Engages in the investment in companies and enterprises in the fields of education and healthcare in the United Arab Emirates and internationally.

Rrp Semiconductor

Market Cap: ₹9.1b

Trades in electronic parts in India.

Knowledge Marine & Engineering Works

Market Cap: ₹16.1b

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

Togami Electric Mfg

Market Cap: JP¥15.0b

Engages in manufacturing and sale of power distribution and control equipment in Japan.

Kwang Dong Pharmaceutical

Market Cap: ₩212.9b

Operates as a human healthcare provider in South Korea.

YagiLtd

Market Cap: JP¥16.9b

Operates as a fiber trading company in Japan.

Shanghai Haixin Group

Market Cap: CN¥6.3b

Engages in the pharmaceutical, textile and clothing, and finance businesses.

Korea Ratings

Market Cap: ₩395.7b

Provides credit rating and business valuation services in South Korea.

Center International GroupLtd

Market Cap: CN¥5.7b

Provides building metal enclosure systems solutions in China.

Iljin DiamondLtd

Market Cap: ₩150.9b

Iljin Diamond Co., Ltd. manufactures and sells tool materials in South Korea, the United States, Europe, Japan, China, and internationally.

Terminal X Online

Market Cap: ₪570.6m

Offers clothing, footwear, fashion accessories, cosmetics, and beauty products for men, women, and teenager under various brands through online.

PBA Holdings Bhd

Market Cap: RM 678.5m

An investment holding company, operates as a water supplier in the state of Penang, Malaysia.

GakkyushaLtd

Market Cap: JP¥23.1b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

Tien Phong Plastic

Market Cap: ₫8.7t

Manufactures and trades in plastic pipes for civil and industrial use in Vietnam.

SHL Consolidated Bhd

Market Cap: RM 547.2m

An investment holding company, engages in the development of integrated commercial and residential properties in Malaysia.

Shenzhen Zhongheng Huafa

Market Cap: CN¥2.4b

Together with its subsidiaries produces and sells injection molded parts, foam parts, and complete LCD monitors.

Shanghai Mobitech TechnologyLtd

Market Cap: CN¥4.9b

Shanghai Mobitech Technology Co., Ltd. manufactures and sells automotive sports parts in China and internationally.

Philippine Savings Bank

Market Cap: ₱24.8b

Primarily engages in savings and mortgage banking activities in the Philippines.

OUG Holdings

Market Cap: JP¥16.5b

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