Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Morris State Bancshares

Market Cap: US$237.0m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Cahaya Aero Services

Market Cap: Rp5.4t

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

MOBI Industry

Market Cap: ر.س551.0m

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

Najran Cement

Market Cap: ر.س1.3b

Engages in manufacture and sale of cement products in the Kingdom of Saudi Arabia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.6b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Nusantara Pelabuhan Handal

Market Cap: Rp2.6t

Manages and operates container terminals in Indonesia and internationally.

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Sure Global Tech

Market Cap: ر.س502.6m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ683.1m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Cita Mineral Investindo

Market Cap: Rp16.3t

Engages in bauxite mining activities in Indonesia.

Sun

Market Cap: MU₨7.4b

Operates in the tourism sector.

Central Finance

Market Cap: LK₨65.3b

Provides various financial solutions primarily in Sri Lanka.

Hayleys

Market Cap: LK₨130.9b

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Digital Mediatama Maxima

Market Cap: Rp2.6t

Operates an integrated marketing platform.

Cisadane Sawit Raya

Market Cap: Rp1.8t

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

PBA Holdings Bhd

Market Cap: RM 645.4m

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

JiaXing Gas Group

Market Cap: HK$1.1b

Engages in the sale of piped natural gas (PNG) in Mainland China.

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

Market Cap: د.إ1.1b

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

Surya Toto Indonesia

Market Cap: Rp2.7t

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

Etihad Atheeb Telecommunication

Market Cap: ر.س3.8b

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

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.س553.8m

Operates as a FMCG distribution company.

Tait Marketing & Distribution

Market Cap: NT$4.2b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

MKH Berhad

Market Cap: RM 571.2m

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.

National Credit and Commerce Bank

Market Cap: ৳13.4b

Provides various commercial banking products and services in Bangladesh.

Dwi Guna Laksana

Market Cap: Rp2.1t

Engages in the coal mining and trading activities in Indonesia.

Mulpha International Bhd

Market Cap: RM 933.8m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Bank Ganesha

Market Cap: Rp2.6t

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

Bank MNC Internasional

Market Cap: Rp2.7t

Provides various banking products and services in Indonesia.

Linde Bangladesh

Market Cap: ৳14.5b

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

Voltamp Energy SAOG

Market Cap: ر.ع79.4m

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

Padma Oil

Market Cap: ৳19.6b

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