Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Billion Industrial Holdings

Market Cap: HK$9.3b

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.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Yibin City Commercial Bank

Market Cap: HK$11.9b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

SALUS Ljubljana d. d

Market Cap: €337.0m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

ShareHope Medicine

Market Cap: NT$3.6b

Provides integrated medical services in Taiwan.

Fortune Mate Indonesia

Market Cap: Rp2.9t

Provides real estate development and construction services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥33.7b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Bakrie & Brothers

Market Cap: Rp4.5t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

TSTE

Market Cap: ฿4.4b

Primarily engages in the production and distribution of wheat flour in Thailand.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.8t

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

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Li Ming Development Construction

Market Cap: NT$4.1b

Li Ming Development Construction Co., Ltd.

Sure Global Tech

Market Cap: ر.س607.7m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

MOBI Industry

Market Cap: ر.س644.5m

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

Standard Chartered Bank Kenya

Market Cap: KSh118.4b

Provides various banking products and services for individuals and businesses.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

Bank Ganesha

Market Cap: Rp1.9t

Provides various general banking products and services for individuals and businesses in Indonesia.

Citra Tubindo

Market Cap: Rp6.0t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Eclatorq Technology

Market Cap: NT$3.3b

Manufactures and sells hand tools in Taiwan.

Jiin Ming Industry

Market Cap: NT$4.4b

Provides design manufacturing services in Taiwan.

National Credit and Commerce Bank

Market Cap: ৳14.3b

Provides various commercial banking products and services in Bangladesh.

Padma Oil

Market Cap: ৳20.1b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Linde Bangladesh

Market Cap: ৳14.6b

Manufactures and supplies industrial and medical gases, anesthesia, and ancillary equipment in Bangladesh.

Pakistan National Shipping

Market Cap: PK₨80.5b

Engages in the shipping business worldwide.

Nestlé Pakistan

Market Cap: PK₨394.5b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Najran Cement

Market Cap: ر.س1.4b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.3b

Provides telecommunication products and services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Cahaya Aero Services

Market Cap: Rp4.4t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Cherat Cement

Market Cap: PK₨58.2b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Saudi Chemical Holding

Market Cap: ر.س6.1b

Saudi Chemical Holding Company manufacture, wholesale, and retail trade of medicines, medical materials and syrups, pharmaceutical preparations, medical and surgical tools and equipment in the Kingdom of Saudi Arabia and internationally.

Britam Holdings

Market Cap: KSh19.4b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Voltamp Energy SAOG

Market Cap: ر.ع76.3m

Manufactures, distributes, and sells transformers, medium and low voltage switchgears, and panels in the Sultanate of Oman.

Baazeem Trading

Market Cap: ر.س575.1m

Operates as a FMCG distribution company.