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.

Elron Ventures

Market Cap: US$112.3m

A venture capital firm specializing in early stage and seed investment.

Practic

Market Cap: RON 736.5m

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

KC

Market Cap: ₩236.8b

Manufactures and distributes semiconductor systems, display systems, and electronic materials in South Korea and internationally.

Champion Building MaterialsLtd

Market Cap: NT$3.8b

Champion Building Materials Co., Ltd., together with its subsidiaries, manufactures and markets ceramics, ceramic products, stone products, fire-resistant materials, and other chemical products.

Kondotec

Market Cap: JP¥42.3b

Engages in the manufacture, procurement, import, sale, wholesale, and export of industrial materials primarily in the retail hardware business in Japan and internationally.

Lelon Electronics

Market Cap: NT$13.9b

Develops, manufactures, markets, trades in, and sells electrolytic capacitors worldwide.

Pakistan National Shipping

Market Cap: PK₨82.1b

Engages in the shipping business worldwide.

Te Chang Construction

Market Cap: NT$7.0b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

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.

CHT Security

Market Cap: NT$12.7b

Provides cybersecurity services.

Pacific Construction

Market Cap: NT$3.5b

Engages in the construction business in Taiwan and Malaysia.

ILSEUNG

Market Cap: ₩189.6b

Produces and sells marine equipment in South Korea and internationally.

FCE

Market Cap: JP¥17.9b

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

ITOCHU-SHOKUHIN

Market Cap: JP¥129.3b

Engages in the wholesale of food products and alcoholic beverages in Japan.

Cherat Cement

Market Cap: PK₨67.7b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Nippon Care Supply

Market Cap: JP¥34.4b

Engages in the rental and wholesale of welfare equipment in Japan.

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.

BIOBIJOULtd

Market Cap: ₩224.2b

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

CTCI Advanced Systems

Market Cap: NT$4.5b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Kinpo Electronics

Market Cap: NT$27.7b

Designs, manufactures, and sells consumer electronics, web-based communications, computer peripherals, and storage products in Taiwan, rest of Asia, the Americas, and internationally.

Business Brain Showa-Ota

Market Cap: JP¥30.1b

Provides consulting and system development solutions in Japan.

First Juken

Market Cap: JP¥16.1b

Engages in the construction and sale of detached houses in Japan.

CHANGE HoldingsInc

Market Cap: JP¥81.1b

Provides IT human resources development training services in Japan.

AzureWave Technologies

Market Cap: NT$14.6b

Engages in the manufacture and sale of wireless connectivity and image processing solutions worldwide.

Fortune Mate Indonesia

Market Cap: Rp2.4t

Provides real estate development and construction services in Indonesia.

Subaru Enterprise

Market Cap: JP¥45.3b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

SEMCNS

Market Cap: ₩277.3b

SEMCNS Co., Ltd provides ceramic substrates for probe cards.

Anapass

Market Cap: ₩208.5b

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

Techno Ryowa

Market Cap: JP¥99.7b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Komori

Market Cap: JP¥81.6b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.

Tokyo Tekko

Market Cap: JP¥52.1b

Engages in the manufacture and sale of steel bars and processed steel bar products for the construction industry in Japan.

Standard Chartered Bank Kenya

Market Cap: KSh120.9b

Provides various banking products and services for individuals and businesses.

GakkyushaLtd

Market Cap: JP¥25.4b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

Voltamp Energy SAOG

Market Cap: ر.ع78.6m

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