Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.1t

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

Sun

Market Cap: MU₨6.8b

Operates in the tourism sector.

Monolithisch India

Market Cap: ₹8.8b

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

Surya Citra Media

Market Cap: Rp12.4t

Provides multimedia services in Indonesia.

Industrias del Cobre Sociedad Anónima

Market Cap: S/789.0m

Engages in the manufacture and sale of cables and electrical and telecommunication conductors in Peru and internationally.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

Citra Tubindo

Market Cap: Rp6.6t

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

Fortune Mate Indonesia

Market Cap: Rp2.2t

Provides real estate development and construction services in Indonesia.

Gallant Precision Machining

Market Cap: NT$14.7b

Engages in the research and development, production, manufacture, and sale of flat panel display testing, semiconductor assembly, and intelligent automation equipment in Taiwan, China, and internationally.

Eclatorq Technology

Market Cap: NT$3.2b

Manufactures and sells hand tools in Taiwan.

Cahaya Aero Services

Market Cap: Rp4.5t

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

Jamuna Bank

Market Cap: ৳18.2b

Provides various banking products and services in Bangladesh.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Bank MNC Internasional

Market Cap: Rp2.2t

Provides various banking products and services in Indonesia.

Ruentex Interior Design

Market Cap: NT$3.4b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

Li Ming Development Construction

Market Cap: NT$4.2b

Li Ming Development Construction Co., Ltd.

Palasino Holdings

Market Cap: HK$2.1b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

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.

Taiyo KagakuLtd

Market Cap: JP¥32.5b

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

Cita Mineral Investindo

Market Cap: Rp15.7t

Engages in bauxite mining activities in Indonesia.

Sinopower Semiconductor

Market Cap: NT$3.6b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

National Credit and Commerce Bank

Market Cap: ৳13.2b

Provides various commercial banking products and services in Bangladesh.

Voltamp Energy SAOG

Market Cap: ر.ع75.8m

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

Linde Bangladesh

Market Cap: ৳14.5b

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

Padma Oil

Market Cap: ৳19.3b

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

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.

Bank Ganesha

Market Cap: Rp1.9t

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

Senstar Technologies

Market Cap: US$103.6m

Provides physical, video, and access control security products and solutions worldwide.

Decora

Market Cap: zł763.6m

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

FRMO

Market Cap: US$392.3m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Viohalco

Market Cap: €1.6b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.