Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

DoshishaLtd

Market Cap: JP¥100.0b

Plans, develops, produces, and sells lifestyle-related products in Japan and Internationally.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥27.5b

Manages and operates ski resorts in Japan.

Payton Industries

Market Cap: ₪456.9m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.5b

Produces and sells fertilizers.

Marusan Securities

Market Cap: JP¥64.2b

Engages in the financial products trading business in Japan.

Otec

Market Cap: JP¥27.6b

Trades pipework equipment in Japan.

Konishi

Market Cap: JP¥83.5b

Manufactures and sells synthetic adhesives in Japan.

Digital Mediatama Maxima

Market Cap: Rp2.8t

Operates an integrated marketing platform.

FCE

Market Cap: JP¥16.9b

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

Nippon Sharyo

Market Cap: JP¥41.2b

Engages in the railway vehicles, construction machinery, transportation equipment and steel structures, engineering, and other businesses in Japan, the United States, Asia, and internationally.

YagiLtd

Market Cap: JP¥27.3b

Operates as a fiber trading company in Japan.

Toukei Computer

Market Cap: JP¥73.7b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

Akatsuki

Market Cap: JP¥16.9b

Engages in the real estate and securities businesses in Japan.

Maezawa Kasei Industries

Market Cap: JP¥32.9b

Produces and sells water and sewerage related products, and environmental equipment.

NARUMIYA INTERNATIONAL

Market Cap: JP¥17.3b

Manufactures, processes, and sells clothing and related products.

Chudenko

Market Cap: JP¥216.3b

Operates as an equipment engineering company in Japan.

Toho Bank

Market Cap: JP¥108.4b

Provides various banking products and services in Japan.

Araya Industrial

Market Cap: JP¥25.0b

Manufactures and sells steel products in Japan and internationally.

Kaneko Seeds

Market Cap: JP¥16.1b

Engages in the agribusiness in Japan.

Monolithisch India

Market Cap: ₹10.4b

Manufactures, trades in, and supplies ramming mass in India and Nepal.

ISE Chemicals

Market Cap: JP¥138.6b

Engages in the iodine and natural gas, and metallic compound businesses in Japan.

Suez Canal Company for Technology Settling (S.A.E)

Market Cap: ج.م17.7b

Engages in the establishment and management of technological zones, scientific incubators, and training centers for the preparation of researchers and the transfer of technology, and the provision of related services.

Tokyo Tekko

Market Cap: JP¥51.8b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

National Credit and Commerce Bank

Market Cap: ৳13.3b

Provides various commercial banking products and services in Bangladesh.

Dwi Guna Laksana

Market Cap: Rp2.2t

Engages in the coal mining and trading activities in Indonesia.

Mulpha International Bhd

Market Cap: RM 930.8m

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

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

MKH Berhad

Market Cap: RM 582.7m

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.

OUG Holdings

Market Cap: JP¥21.7b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Hoshi Iryo-Sanki

Market Cap: JP¥15.0b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

First Juken

Market Cap: JP¥17.0b

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

Cahaya Aero Services

Market Cap: Rp5.6t

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

CMC

Market Cap: JP¥22.9b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

ITOCHU-SHOKUHIN

Market Cap: JP¥128.4b

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

Taiyo KagakuLtd

Market Cap: JP¥35.8b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.