Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Southern Michigan Bancorp

Market Cap: US$115.6m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

PBA Holdings Bhd

Market Cap: RM 642.1m

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

TSTE

Market Cap: ฿4.2b

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

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.

Aeroflex Industries

Market Cap: ₹23.2b

Manufactures and sells stainless steel flexible hose and assemblies in India.

Hayleys

Market Cap: LK₨129.6b

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

Sun

Market Cap: MU₨7.4b

Operates in the tourism sector.

Central Finance

Market Cap: LK₨64.0b

Provides various financial solutions primarily in Sri Lanka.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.8m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Concord Enviro Systems

Market Cap: ₹10.7b

Engages in providing water and wastewater treatment, and reuse solutions.

Shipping Corporation of India

Market Cap: ₹100.1b

A marginal liner shipping company, engages in the business of transporting goods in India.

Tai Sin Electric

Market Cap: S$250.8m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Sky Gold and Diamonds

Market Cap: ₹43.6b

Designs, manufactures, assembles, cuts, polishes, markets, and sells gold and silver jewelry in India.

Network People Services Technologies

Market Cap: ₹40.9b

Develops payments infrastructure for banks, payment aggregators, and merchants in India.

Knowledge Marine & Engineering Works

Market Cap: ₹25.0b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Wholetech System Hitech

Market Cap: NT$9.6b

Provides system integration services in Taiwan, China, and Singapore.

Vinacomin - Power Holding

Market Cap: ₫8.4t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

MOBI Industry

Market Cap: ر.س550.0m

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

Forth Smart Service

Market Cap: ฿5.5b

Provides prepaid mobile top-up services in Thailand.

TCPL Packaging

Market Cap: ₹31.0b

Manufactures and sells paperboard-based packaging materials and flexible packaging products in India.

Freetrailer Group

Market Cap: €695.9m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Timex Group India

Market Cap: ₹34.0b

Engages in designing, manufacturing, and trading of watches in India and internationally.

Alembic

Market Cap: ₹27.1b

Engages in real estate business in India and internationally.

Jagsonpal Pharmaceuticals

Market Cap: ₹16.7b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

AGI Infra

Market Cap: ₹28.3b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك187.9m

Engages in insurance and reinsurance operations in Kuwait.

Genesys International

Market Cap: ₹23.8b

Provides geographical information services in India and internationally.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sava druzba za upravljanje in financiranje d.d

Market Cap: €111.5m

Engages in tourism business.

Qassim Cement

Market Cap: ر.س4.5b

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

Nofoth Food Products

Market Cap: ر.س1.1b

Produces and sells bakery products in Saudi Arabia.

Vasa Denticity

Market Cap: ₹9.7b

Trades in dental products in India.

HG Metal Manufacturing

Market Cap: S$152.5m

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

VICOM

Market Cap: S$581.5m

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