Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

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

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺6.5b

Operates as a guardrail supplier company in Turkey.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.1t

Manufactures and sells paper products in Asia, Africa, Europe, the United States, the Middle East, and internationally.

ITCENGLOBAL

Market Cap: ₩341.1b

Provides consulting, ICT, and outsourcing services and solutions in South Korea.

Vinacomin - Power Holding

Market Cap: ₫8.8t

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.

Neosem

Market Cap: ₩409.3b

Manufactures and sells semiconductor inspection equipment.

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.2b

Mackolik Internet Hizmetleri Ticaret A.S.

Bakrie & Brothers

Market Cap: Rp5.0t

Through its subsidiaries, engages in the trading, construction, agribusiness, coal mining, oil and gas, and telecommunication business in Indonesia and internationally.

Standard Chartered Bank Kenya

Market Cap: KSh101.6b

Provides various banking products and services for individuals and businesses.

iMarketKorea

Market Cap: ₩256.7b

Operates as an industrial material distribution service company in South Korea and internationally.

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

Market Cap: ₺27.3b

Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S.

Asian Terminals

Market Cap: ₱46.9b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.

Cahaya Aero Services

Market Cap: Rp4.4t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺6.7b

A real estate investment trust.

Kyungdong Invest

Market Cap: ₩141.5b

Primarily engages in the supply of city gas in South Korea.

Britam Holdings

Market Cap: KSh17.6b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.0b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺15.8b

Provides software development services to public and private organizations in Turkey.

Dogan Burda Dergi Yayincilik Ve Pazarlama

Market Cap: ₺7.3b

Dogan Burda Dergi Yayincilik Ve Pazarlama A.S.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Dwi Guna Laksana

Market Cap: Rp2.4t

Engages in the coal mining and trading activities in Indonesia.

Showbox

Market Cap: ₩202.9b

Engages in the investment, production, and distribution of films in South Korea, North America, Asia, Europe, and internationally.

Philippine Savings Bank

Market Cap: ₱25.2b

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

Citra Tubindo

Market Cap: Rp3.9t

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

Fortune Mate Indonesia

Market Cap: Rp2.5t

Provides real estate development and construction services in Indonesia.

Nestlé Pakistan

Market Cap: PK₨321.5b

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

Korea Ratings

Market Cap: ₩438.1b

Provides credit rating and business valuation services in South Korea.

Mark Dynamics Indonesia

Market Cap: Rp2.7t

Manufactures and sells hand former products in Indonesia and internationally.

Miwon Chemicals

Market Cap: ₩159.9b

Develops, manufactures, and sells performance chemicals for use in the rubber, detergent, and personal care industries worldwide.

Hua Na Hydropower

Market Cap: ₫5.9t

Engages in the electricity generation activities.

First National Bank of Botswana

Market Cap: P13.3b

Provides various banking and related products and services to individuals, businesses, corporates, and private clients in Botswana.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك176.3m

Engages in insurance and reinsurance operations in Kuwait.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك43.7m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.