Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Waja

Market Cap: ر.س497.7m

Engages in the construction, media and communication, and information technology businesses.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.1m

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

Jamuna Bank

Market Cap: ৳15.9b

Provides various banking products and services in Bangladesh.

Jadranski naftovod d.d

Market Cap: €801.1m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

MAPFRE Middlesea

Market Cap: €137.1m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Tohoku Steel

Market Cap: JP¥14.9b

Engages in the manufacturing, processing, and distribution of various types of special steel products in Japan.

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Yibin City Commercial Bank

Market Cap: HK$12.0b

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

Luxchem Corporation Berhad

Market Cap: RM 465.0m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

Sky Gold and Diamonds

Market Cap: ₹56.6b

Designs, manufactures, assembles, cuts, polishes, markets, and sells gold and silver jewelry in India.

Cahaya Aero Services

Market Cap: Rp4.5t

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.

Hong Leong Finance

Market Cap: S$1.1b

Operates as a financial services company for consumer, and small and medium-sized enterprises (SMEs) markets in Singapore.

Citra Tubindo

Market Cap: Rp3.9t

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

Pakistan National Shipping

Market Cap: PK₨69.0b

Engages in the shipping business worldwide.

PAN Group

Market Cap: ₫5.6t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

S.A.S. Dragon Holdings

Market Cap: HK$2.5b

An investment holding company, provides electronic supply chain services in Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, Macao, and internationally.

Jagsonpal Pharmaceuticals

Market Cap: ₹15.5b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Genesys International

Market Cap: ₹29.1b

Provides geographical information services in India and internationally.

3B Blackbio Dx

Market Cap: ₹14.2b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

SML Isuzu

Market Cap: ₹27.4b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Cigniti Technologies

Market Cap: ₹46.1b

Provides software testing services worldwide.

Shanghai Pioneer Holding

Market Cap: HK$2.4b

An investment holding company, engages in marketing, promotion and channel management of pharmaceutical products and medical devices primarily in the People’s Republic of China.

Yuken India

Market Cap: ₹13.9b

Engages in the manufacture and sale of oil hydraulic equipment primarily in India.

Force Motors

Market Cap: ₹161.3b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

Credo Brands Marketing

Market Cap: ₹11.6b

Credo Brands Marketing Limited retails men’s casual wear under the MUFTI brand name in India.

Goldiam International

Market Cap: ₹38.4b

Manufactures, sells, and trades in diamond studded gold, silver, and platinum jewelry in India.

Indo Tech Transformers

Market Cap: ₹22.5b

Manufactures and distributes transformers in India and internationally.

Southeast Asia Commercial Bank

Market Cap: ₫51.5t

Provides retail and corporate banking products and services in Vietnam.

Daphne International Holdings

Market Cap: HK$801.3m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

An Cuong Wood - Working

Market Cap: ₫5.6t

Manufactures and trades in wooden household products, industrial wooden items, artificial boards, interior decoration products, kitchen equipment, and other wooden related products in Vietnam and internationally.

AGI Infra

Market Cap: ₹22.8b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

Macpower CNC Machines

Market Cap: ₹9.3b

Manufactures and sells computer numerical control (CNC) metal cutting machines in India.