Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

TPP-Bobov Dol AD

Market Cap: лв240.3m

Engages in the generation and sale of electricity in Bulgaria.

Banyan Tree Holdings

Market Cap: S$576.5m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

MKH Berhad

Market Cap: RM 611.5m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

HG Metal Manufacturing

Market Cap: S$137.4m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Citra Tubindo

Market Cap: Rp4.0t

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

National Credit and Commerce Bank

Market Cap: ৳12.8b

Provides various commercial banking products and services in Bangladesh.

Surya Toto Indonesia

Market Cap: Rp2.8t

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

Cahaya Aero Services

Market Cap: Rp4.9t

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

GTS Internasional

Market Cap: Rp2.1t

PT GTS Internasional Tbk, together with its subsidiaries, transports liquefied natural gas worldwide.

TSTE

Market Cap: ฿4.1b

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

Cisadane Sawit Raya

Market Cap: Rp2.0t

Engages in the oil palm plantation business in Indonesia and internationally.

Nusantara Pelabuhan Handal

Market Cap: Rp4.4t

Manages and operates container terminals in Indonesia and internationally.

Hayleys

Market Cap: LK₨143.3b

Operates in the manufacturing, agriculture, and services sectors worldwide.

Saha-Union

Market Cap: ฿8.4b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Dwi Guna Laksana

Market Cap: Rp7.1t

Engages in the coal mining and trading activities in Indonesia.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك404.8m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك85.9m

A private equity firm specializing in direct and fund investments.

Qassim Cement

Market Cap: ر.س4.5b

Engages in the manufacture and selling of cement in the Kingdom of Saudi Arabia.

Baazeem Trading

Market Cap: ر.س685.5m

Operates as a FMCG distribution company.

MOBI Industry

Market Cap: ر.س631.5m

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

PBA Holdings Bhd

Market Cap: RM 648.7m

An investment holding company, operates as a water supplier in Malaysia.

Padma Oil

Market Cap: ৳19.1b

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

Capricorn Group

Market Cap: R11.6b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in the tourism business in Slovenia.

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.

Soft-World International

Market Cap: NT$15.7b

Develops, operates, and distributes games in Taiwan and China.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك183.2m

Engages in insurance and reinsurance operations in Kuwait.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.6b

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

Billion Industrial Holdings

Market Cap: HK$9.7b

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.

Standard Chartered Bank Kenya

Market Cap: KSh109.6b

Provides various banking products and services for individuals and businesses.

ASL Marine Holdings

Market Cap: S$205.8m

Provides marine services in Singapore, Indonesia, Asia Pacific, South Asia, Europe, the Middle East, and Australia.

Nestlé Pakistan

Market Cap: PK₨370.0b

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

Taiyo KagakuLtd

Market Cap: JP¥37.1b

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

VICOM

Market Cap: S$567.3m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.