Global Undiscovered Gems With Strong Fundamentals

Shengda ResourcesLtd

Market Cap: CN¥14.5b

Through its subsidiaries, engages in the mining development, resource trading, and investment management businesses in China.

Base

Market Cap: JP¥52.0b

Engages in the computer software development and related work in Japan.

Taliworks Corporation Berhad

Market Cap: RM 725.7m

An investment holding company, operates, manages, and maintains water treatment plants in Malaysia.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥9.2b

Produces and sells environmentally friendly furniture panels in China and internationally.

Xianheng International Science&Technology

Market Cap: CN¥6.5b

Xianheng International Science&Technology Co., Ltd.

CTI Logistics

Market Cap: AU$199.0m

Engages in the provision of transport and logistics services in Australia.

Nippon Carbide Industries

Market Cap: JP¥33.9b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Sing Investments & Finance

Market Cap: S$366.5m

Provides financing and related nominee services to individuals and corporations in Singapore.

Magnate Technology

Market Cap: NT$3.2b

Manufactures and sells aircraft, machinery and equipment, and general instrument components and other related products in Taiwan, Japan, and internationally.

GROUPE SFPI

Market Cap: €189.9m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

Total Energy Services

Market Cap: CA$783.2m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Transcend Information

Market Cap: NT$119.9b

Engages in manufacturing, processing, and trading of computer software and hardware, peripheral equipment, and computer parts in Taiwan, rest of Asia, the United States, Europe, and internationally.

IVE Group

Market Cap: AU$439.0m

Engages in the marketing business in Australia.

Fourth Milling

Market Cap: ر.س2.3b

Engages in the production of flour, feed, bran, and wheat derivatives in the Kingdom of Saudi Arabia and internationally.

CNMC Goldmine Holdings

Market Cap: S$449.9m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Decora

Market Cap: zł800.5m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

CF Bankshares

Market Cap: US$204.0m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Cybozu

Market Cap: JP¥98.8b

Engages in the development, sale, and operation of groupware in Japan.

Mako Mining

Market Cap: CA$909.8m

Engages in mineral exploration and exploitation activities in Nicaragua, the United States, and Guyana.

Raya Holding Company for Financial Investments (S.A.E)

Market Cap: ج.م30.5b

Operates in information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, E-payments, and non-banking financial services fields in Egypt and internationally.

Henan Lingrui Pharmaceutical

Market Cap: CN¥10.9b

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

Henan Zhongfu IndustrialLtd

Market Cap: CN¥22.2b

Processes, manufactures, and sells electrolytic aluminum and aluminum products in China.

FINDEX

Market Cap: JP¥19.4b

Offers medical devices in Japan.

Management SolutionsLtd

Market Cap: JP¥20.8b

Provides management consulting, project management execution, and project management training services.

SPRIX

Market Cap: JP¥17.4b

Engages in the cram school and educational businesses in Japan.

Beijing Chunlizhengda Medical Instruments

Market Cap: HK$5.4b

Engages in the research, development, production, and sale of surgical implants, instruments, and related products in the People’s Republic of China and internationally.

Hyundai Home Shopping Network

Market Cap: ₩978.4b

Operates as an online shopping company in South Korea.

Integrated Diagnostics Holdings

Market Cap: US$291.8m

A consumer healthcare company, provides medical diagnostics services to patients.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

ULS Group

Market Cap: JP¥27.7b

Provides consulting and contract development services related to information systems in Japan.

Midland Holdings

Market Cap: HK$1.6b

An investment holding company, engages in the provision of property agency services in Hong Kong, Macau, and Mainland China.

Japan Eyewear Holdings

Market Cap: JP¥53.0b

Through its subsidiaries, engages in the designing, manufacturing, and selling eyeglasses in Japan.

m-up holdings

Market Cap: JP¥44.8b

Engages in the development and distribution of mobile and PC content, and e-commerce businesses in Japan.

Warabeya Nichiyo Holdings

Market Cap: JP¥45.1b

Engages in the manufacture and sale of food products for convenience stores in Japan, the United States, and internationally.

Yonghe Medical Group

Market Cap: HK$1.0b

Provides hair-related healthcare services in China.

Delegat Group

Market Cap: NZ$389.4m

Engages in the production, distribution, and sale of wine.