Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Practic

Market Cap: RON 736.5m

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

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

Capricorn Group

Market Cap: R11.0b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

MAPFRE Middlesea

Market Cap: €110.4m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Morris State Bancshares

Market Cap: US$265.7m

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

Bank Ganesha

Market Cap: Rp1.9t

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

Yibin City Commercial Bank

Market Cap: HK$11.9b

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

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Lungyen Life Service

Market Cap: NT$26.0b

Provides funeral facilities and services in Taiwan.

3B Blackbio Dx

Market Cap: ₹12.8b

Engages in the design, development, manufacturing, and commercialization of agrochemicals and PCR based molecular diagnostic kits in India.

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك187.9m

Engages in insurance and reinsurance operations in Kuwait.

Network People Services Technologies

Market Cap: ₹36.0b

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

KP Green Engineering

Market Cap: ₹26.6b

Engages in engineering and manufacture of steel structure in India.

Cita Mineral Investindo

Market Cap: Rp15.7t

Engages in bauxite mining activities in Indonesia.

Central Finance

Market Cap: LK₨66.4b

Provides various financial solutions primarily in Sri Lanka.

Baazeem Trading

Market Cap: ر.س582.2m

Operates as a FMCG distribution company.

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك44.5m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك38.7m

A private equity firm specializing in direct and fund investments.

Gallantt Ispat

Market Cap: ₹155.6b

Engages in manufacture and sale of iron and steel products in India.

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

Market Cap: د.ك45.7m

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

Surya Citra Media

Market Cap: Rp11.3t

Provides multimedia services in Indonesia.

Etihad Atheeb Telecommunication

Market Cap: ر.س3.3b

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

Top Union Electronics

Market Cap: NT$4.6b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

Najran Cement

Market Cap: ر.س1.4b

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

National Environmental Recycling

Market Cap: ر.س882.7m

National Environmental Recycling Company recycles electronic and electrical equipment in Asia, Middle East, Japan, and Europe.

Oswal Greentech

Market Cap: ₹11.5b

Develops real estate projects in India.

Yulie Sekuritas Indonesia

Market Cap: Rp4.2t

Operates as a securities company in Indonesia.

PC Jeweller

Market Cap: ₹99.0b

Manufactures, sells, and trades in gold, diamond, silver, precious stone, and gold and diamond studded jewelry in India.

Wholetech System Hitech

Market Cap: NT$6.9b

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

Billion Industrial Holdings

Market Cap: HK$9.5b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Om Infra

Market Cap: ₹12.0b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.