Global Undiscovered Gems With Strong Fundamentals

Lungyen Life Service

Market Cap: NT$26.3b

Provides funeral facilities and services in Taiwan.

Jiangxi Jiangnan New Material Technology

Market Cap: CN¥6.7b

Jiangxi Jiangnan New Material Technology Co., Ltd.

FCE

Market Cap: JP¥16.9b

Through its subsidiaries, engages in the DX promotion, education and training, and publishing businesses in Japan.

Qingdao CHOHO IndustrialLtd

Market Cap: CN¥3.4b

Qingdao Choho Industrial Co., Ltd. develops, manufactures, and sells automobile chains worldwide.

Fortune Mate Indonesia

Market Cap: Rp2.5t

Provides real estate development and construction services in Indonesia.

Triocean Industrial Corporation

Market Cap: NT$4.8b

Engages in the construction business in Taiwan.

VCREDIT Holdings

Market Cap: HK$2.0b

An investment holding company, provides technology-driven consumer financial services to borrowers in the People’s Republic of China and Hong Kong.

Allmed Medical ProductsLtd

Market Cap: CN¥5.3b

Engages in the manufacture and sale of wound care and nursing material products in China.

Guangzhou Devotion Thermal Technology

Market Cap: CN¥2.5b

Guangzhou Devotion Thermal Technology Co., Ltd.

Uniplus Electronics

Market Cap: NT$4.9b

Engages in the research and development, manufacture, processing, and trading of printed circuit boards in Taiwan.

Fengyinhe Holdings

Market Cap: HK$1.2b

An investment holding company, provides various financial services to real estate market in the People’s Republic of China.

DoshishaLtd

Market Cap: JP¥82.8b

Plans, develops, produces, and sells lifestyle-related products in Japan and internationally.

Sinomag Technology

Market Cap: CN¥5.1b

Engages in the research and development, production, and sale of permanent ferrite magnets and soft magnetic cores and components worldwide.

Hong Tai Electric Industrial

Market Cap: NT$11.6b

Manufactures, processes, and sells wires and cables, communication products and accessories, and copper foil substrates.

Imexpharm

Market Cap: ₫7.8t

Manufactures, processes, trades, imports, and exports pharmaceutical products in Vietnam and internationally.

Xiangyang Changyuandonggu Industry

Market Cap: CN¥7.0b

Xiangyang Changyuandonggu Industry Co., Ltd.

Wuxi Huadong Heavy Machinery

Market Cap: CN¥6.6b

Manufactures and sells container handling equipment and intelligent CNC machine tools in the People's Republic of China.

DAM Capital Advisors

Market Cap: ₹19.4b

Provides investment banking services.

Tibet TourismLtd

Market Cap: CN¥2.6b

Engages in the tourism, attractions, services, and commerce business in China.

ShenZhen QiangRui Precision Technology

Market Cap: CN¥4.8b

ShenZhen QiangRui Precision Technology Co., Ltd.

Brillian Network & Automation Integrated System

Market Cap: NT$8.1b

Brillian Network & Automation Integrated System Co.

Yibin City Commercial Bank

Market Cap: HK$12.1b

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

Qingmu Tec

Market Cap: CN¥5.9b

Provides brand retail solutions.

Gallant Precision Machining

Market Cap: NT$14.0b

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.

Philippine Savings Bank

Market Cap: ₱25.0b

Primarily engages in savings and mortgage banking activities in the Philippines.

Suzhou Chunqiu Electronic Technology

Market Cap: CN¥4.8b

Suzhou Chunqiu Electronic Technology Co., Ltd.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.3b

Operates as a chemical raw material manufacturing company in China and internationally.

Hind Rectifiers

Market Cap: ₹22.1b

Engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally.

Rrp Semiconductor

Market Cap: ₹23.0b

Trades in electronic parts in India.

Danang Port

Market Cap: ₫3.1t

Offers port services in Vietnam.

Ve Wong

Market Cap: NT$9.2b

Produces and distributes foods, drinks, and seasonings in Taiwan, Thailand, and Vietnam.

Yashima Denki

Market Cap: JP¥35.8b

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

AlpenLtd

Market Cap: JP¥90.9b

Engages in the development and sale of sporting products in Japan.

104

Market Cap: NT$7.6b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

Firich Enterprises

Market Cap: NT$7.5b

Engages in the assembly, manufacture, import, and export of business-oriented computers and its peripheral equipment in Taiwan, China, rest of the Asia, Europe, and the United States.

Pro-Hawk

Market Cap: NT$5.6b

Designs, develops, manufactures, and markets bearings, rollers, injection parts, and OEM parts worldwide.