Global Undiscovered Gems With Strong Fundamentals

Fourth Milling

Market Cap: ر.س2.3b

Engages in the production of flour, feed, bran, and wheat derivatives in the Kingdom of Saudi Arabia and internationally.

Kingstone Companies

Market Cap: US$219.7m

Through its subsidiary, Kingstone Insurance Company, provides property and casualty insurance products in the United States.

GROUPE SFPI

Market Cap: €189.9m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

Decora

Market Cap: zł759.4m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

Transcend Information

Market Cap: NT$153.8b

Engages in manufacturing, processing, and trading of computer software and hardware, peripheral equipment, and computer parts in Taiwan, rest of Asia, the United States, Europe, and internationally.

Century Iron and Steel IndustrialLtd

Market Cap: NT$29.0b

Century Iron and Steel Industrial Co.,Ltd.

Total Energy Services

Market Cap: CA$943.8m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Base

Market Cap: JP¥54.2b

Engages in the computer software development and related work in Japan.

Magnate Technology

Market Cap: NT$3.2b

Manufactures and sells aircraft, machinery and equipment, and general instrument components and other related products in Taiwan, Japan, and internationally.

Xianheng International Science&Technology

Market Cap: CN¥7.9b

Xianheng International Science&Technology Co., Ltd.

Taliworks Corporation Berhad

Market Cap: RM 806.3m

An investment holding company, operates, manages, and maintains water treatment plants in Malaysia.

Dat Xanh Real Estate Services

Market Cap: ₫4.3t

Provides real estate trading and brokerage services in Vietnam.

IVE Group

Market Cap: AU$381.1m

Engages in the marketing business in Australia.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥10.1b

Produces and sells environmentally friendly furniture panels in China and internationally.

CTI Logistics

Market Cap: AU$154.5m

Engages in the provision of transport and logistics services in Australia.

Shengda ResourcesLtd

Market Cap: CN¥20.6b

Through its subsidiaries, engages in the mining development, resource trading, and investment management businesses in China.

Nippon Carbide Industries

Market Cap: JP¥30.6b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Zhejiang Jolly PharmaceuticalLTD

Market Cap: CN¥9.4b

Engages in the research, production, and marketing of Chinese medicinal products in the People’s Republic of China and internationally.

CNMC Goldmine Holdings

Market Cap: S$494.5m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Sing Investments & Finance

Market Cap: S$371.2m

Provides financing and related nominee services to individuals and corporations in Singapore.

CF Bankshares

Market Cap: US$184.4m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

AddLife

Market Cap: SEK 18.7b

Provides instruments and equipment, consumables, and reagents primarily to medical care, research, colleges, and universities, as well as the food and pharmaceutical industries.

Integrated Diagnostics Holdings

Market Cap: US$308.1m

A consumer healthcare company, provides medical diagnostics services to patients.

Raya Holding Company for Financial Investments (S.A.E)

Market Cap: ج.م32.3b

Operates in information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, E-payments, and non-banking financial services fields in Egypt and internationally.

Nampak

Market Cap: R4.0b

Engages in the manufacture and sale of packaging products in South Africa and rest of Africa.

SPRIX

Market Cap: JP¥18.9b

Engages in the cram school and educational businesses in Japan.

Vector

Market Cap: JP¥65.2b

Engages in the public relations (PR) and advertising, press release distribution, video release distribution, direct marketing, media, investment, and human resources businesses in Japan, China, and internationally.

Polaris Holdings

Market Cap: JP¥37.9b

Operates a chain of hotels in Japan.

Hyundai Home Shopping Network

Market Cap: ₩875.3b

Operates as an online shopping company in South Korea.

Henan Lingrui Pharmaceutical

Market Cap: CN¥12.0b

Engages in the research, development, production, and sale of drugs in China.

Henan Zhongfu IndustrialLtd

Market Cap: CN¥28.7b

Processes, manufactures, and sells electrolytic aluminum and aluminum products in China.

FINDEX

Market Cap: JP¥19.9b

Offers medical devices in Japan.

Cybozu

Market Cap: JP¥111.0b

Engages in the development, sale, and operation of groupware in Japan.

Beijing Chunlizhengda Medical Instruments

Market Cap: HK$6.0b

Beijing Chunlizhengda Medical Instruments Co., Ltd.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Karmarts

Market Cap: ฿9.5b

Engages in the manufacturing, packaging, import, and distribution of cosmetics and consumer products in Thailand.