Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

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

Padma Oil

Market Cap: ৳18.3b

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

Mark Dynamics Indonesia

Market Cap: Rp2.5t

Manufactures and sells hand former products in Indonesia and internationally.

Linde Bangladesh

Market Cap: ৳13.7b

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

Bakrie & Brothers

Market Cap: Rp4.7t

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

Taiyo KagakuLtd

Market Cap: JP¥32.4b

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

Bank MNC Internasional

Market Cap: Rp2.2t

Provides various banking products and services in Indonesia.

Citra Tubindo

Market Cap: Rp6.8t

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Monolithisch India

Market Cap: ₹10.1b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

Billion Industrial Holdings

Market Cap: HK$9.5b

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₨6.6b

Operates in the tourism sector.

Surya Toto Indonesia

Market Cap: Rp2.3t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Gulf Insurance Group - Jordan

Market Cap: د.أ82.9m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.1t

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

Dwi Guna Laksana

Market Cap: Rp2.0t

Engages in the coal mining and trading activities in Indonesia.

Surya Citra Media

Market Cap: Rp9.9t

Provides multimedia services in Indonesia.

Bank Ganesha

Market Cap: Rp1.9t

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك174.4m

Engages in insurance and reinsurance operations in Kuwait.

Cita Mineral Investindo

Market Cap: Rp15.7t

Engages in bauxite mining activities in Indonesia.

Jamuna Bank

Market Cap: ৳15.4b

Provides various banking products and services in Bangladesh.

Fortune Mate Indonesia

Market Cap: Rp2.2t

Provides real estate development and construction services in Indonesia.

Cahaya Aero Services

Market Cap: Rp4.4t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

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.

TSTE

Market Cap: ฿4.8b

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

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

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.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Alumil Aluminium Industry

Market Cap: €167.3m

Engages in the design, development, and production of aluminum architectural systems in Greece and internationally.

Zona Franca de Iquique

Market Cap: CL$220.6b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Pure Cycle

Market Cap: US$241.9m

Provides wholesale water and wastewater services in the United States.

MCH Group

Market Cap: CHF 112.2m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

va-Q-tec

Market Cap: €392.2m

Develops, produces, and markets vacuum insulation panels and phase change materials in Germany, rest of European Union, and internationally.

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺6.1b

Operates as a guardrail supplier company in Turkey.