Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

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

Hearts and Minds Investments

Market Cap: AU$677.8m

n/a

CMC

Market Cap: JP¥19.0b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

West Bancorporation

Market Cap: US$324.9m

Operates as the financial holding company provides community banking and trust services to individuals and small- to medium-sized businesses in the United States.

Anji Foodstuff

Market Cap: CN¥2.7b

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

Wuxi Chemical Equipment

Market Cap: CN¥4.0b

Designs, develops, manufactures, and markets metal pressure vessels in China.

Maistra d.d

Market Cap: €525.3m

Engages in the hotel business in Croatia.

BIOBIJOULtd

Market Cap: ₩271.4b

Engages in the research, development, manufacturing, and sale of skin booster and filler products in South Korea.

Nanfang Ventilator

Market Cap: CN¥3.9b

Designs and manufactures HVAC products in China.

Sociedad Matriz SAAM

Market Cap: CL$1.2t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Flügger group

Market Cap: DKK 992.1m

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Li Ming Development Construction

Market Cap: NT$5.0b

Li Ming Development Construction Co., Ltd.

Yashima Denki

Market Cap: JP¥36.2b

Provides plant business, industry/equipment, and transportation business in Japan and internationally.

Dura Tek

Market Cap: NT$3.6b

Designs and develops simulation testing machines for various components.

Jiangsu Lianfa TextileLtd

Market Cap: CN¥2.7b

Engages in the manufacture and sale of textile products in China.

Indo Amines

Market Cap: ₹11.1b

Engages in the manufacture, distribution, and sale of fine and specialty chemicals in India and internationally.

TCM Biotech International

Market Cap: NT$3.3b

A biotech company, engages in the research and development of drugs for the prevention and treatment of liver diseases.

Creative & Innovative System

Market Cap: ₩569.4b

Manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc.

Shandong Sacred Sun Power SourcesLtd

Market Cap: CN¥6.4b

Provides green energy solutions worldwide.

Sinopower Semiconductor

Market Cap: NT$3.8b

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

Krishana Phoschem

Market Cap: ₹27.5b

Engages in the manufacture and sale of fertilizers and chemicals in India.

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.

Kinpo Electronics

Market Cap: NT$31.3b

Engages in the design, manufacture, and sale of consumer electronics, web-based communications, computer peripherals, and storage products in Taiwan, rest of Asia, the Americas, and internationally.

TSTE

Market Cap: ฿4.2b

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

Woori Technology Investment

Market Cap: ₩569.2b

A venture capital firm specializing in venture fund, mezzanine fund project fund, venture capital and small & medium companies investments.

BGT Group

Market Cap: CN¥3.5b

Engages in water treatment technology research and development, system design, equipment manufacturing, installation and commissioning, and operation in China.

Sublime China Information

Market Cap: CN¥3.7b

Provides information and consulting services in China.

Shenzhen Tongye TechnologyLtd

Market Cap: CN¥3.1b

Engages in the research and development, production, sale, and maintenance services of rail transit electrical equipment products in China.

Taisun Enterprise

Market Cap: NT$10.5b

Engages in the processing, manufacturing, wholesaling, and retailing of oil, food and beverages, and flour products in Taiwan.

Pakistan National Shipping

Market Cap: PK₨68.3b

Engages in the shipping business worldwide.

Lucky Cement

Market Cap: NT$6.1b

Manufactures and sells cement in the People’s Republic of China.

Renxin New MaterialLtd

Market Cap: CN¥2.6b

Engages in the research and development, production, and sale of polystyrene polymer materials in China.

Episil-Precision

Market Cap: NT$9.1b

Engages in the development, manufacturing, and sale of silicon epitaxy wafers and compound semiconductor epitaxial wafers in Taiwan, Japan, China, and internationally.

Anapass

Market Cap: ₩214.3b

Operates as a SoC semiconductor provider in the display market in South Korea.

Zhejiang Risun Intelligent TechnologyLtd

Market Cap: CN¥1.9b

Engages in the material transmission, warehousing, logistics, and sorting systems in industrial production in China.

Advanced International Multitech

Market Cap: NT$10.0b

Advanced International Multitech Co., Ltd.