Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

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

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Mendelson Infrastructures & Industries

Market Cap: ₪591.9m

Mendelson Infrastructures & Industries Ltd.

Hangzhou Xili Intelligent TechnologyLtd

Market Cap: CN¥2.1b

Hangzhou Xili Intelligent Technology Co.,Ltd.

Gallant Precision Machining

Market Cap: NT$12.0b

Engages in the research and development, production, manufacture, and sale of flat panel display testing, semiconductor assembly, and intelligent automation equipment in Taiwan, China, and internationally.

Powertip Image

Market Cap: NT$5.4b

Manufactures and sells electronic components and optical instruments in Mainland China, Taiwan, and internationally.

Tibet Development

Market Cap: CN¥2.3b

Engages in the production and sale of beer in China.

JHT DesignLtd

Market Cap: CN¥4.4b

Engages in research, development, production, and sale of semiconductor chip testing equipment in China.

Savior Lifetec

Market Cap: NT$6.9b

A specialty injectable company, develops, produces, and supplies sterile active pharmaceutical ingredients and finished dosage formulations.

Y.D. More Investments

Market Cap: ₪1.6b

A privately owned Investment Manager.

Amir Marketing and Investments in Agriculture

Market Cap: ₪410.2m

Supplies and markets agricultural inputs in Israel.

Formula Systems (1985)

Market Cap: ₪5.9b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Rimoni Industries

Market Cap: ₪418.1m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Aura Investments

Market Cap: ₪5.1b

Together with its subsidiaries engages in locating, initiating, planning, and building projects in the field of residential real estate in Israel and internationally.

C. Mer Industries

Market Cap: ₪357.9m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Payton Industries

Market Cap: ₪501.7m

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.

First Investment Bank AD

Market Cap: лв757.4m

Provides various banking products and services to individuals and corporate clients in Bulgaria and Cyprus.

Hayleys

Market Cap: LK₨122.6b

Operates in the manufacturing, agriculture, and services sectors worldwide.

Anpec Electronics

Market Cap: NT$11.9b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

AIC

Market Cap: NT$13.8b

Provides OEM/ODM, commercial off-the-shelf, and server and storage solutions in the United States, Asia, and Europe.

Brillian Network & Automation Integrated System

Market Cap: NT$8.2b

Brillian Network & Automation Integrated System Co.

Uniplus Electronics

Market Cap: NT$5.2b

Engages in the research and development, manufacture, processing, and trading of printed circuit boards in Taiwan.

Standard Chartered Bank Kenya

Market Cap: KSh101.4b

Provides various banking products and services for individuals and businesses.

Purple Group

Market Cap: R2.1b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Analyst I.M.S. Investment Management Services

Market Cap: ₪1.1b

A publicly owned investment manager.

Firich Enterprises

Market Cap: NT$7.6b

Engages in the assembly, manufacture, import, and export of business-oriented computers and its peripheral equipment in Taiwan, China, rest of the Asia, Europe, and the United States.

Co-Tech Development

Market Cap: NT$14.6b

Engages in the production and sale of copper foil for printed circuit board industry in Taiwan and China.

Te Chang Construction

Market Cap: NT$6.6b

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

Grade Upon Technology

Market Cap: NT$5.9b

Grade Upon Technology Corporation develops, manufactures, and sells sensor device products in Taiwan.

AB Vilkyskiu pienine

Market Cap: €137.3m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Taiyo KagakuLtd

Market Cap: JP¥29.5b

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

Ampire

Market Cap: NT$3.6b

Manufactures and sells liquid crystal display (LCD) modules for industrial applications in the Oceania, Taiwan, Asia, Africa, the Americas, and Europe.

Guangdong Delian Group

Market Cap: CN¥3.9b

Engages in the automobile fine chemicals, automobile sales service, and automobile repair and maintenance businesses, and development of new application scenarios in China.

Central Finance

Market Cap: LK₨53.9b

Provides various financial solutions primarily in Sri Lanka.

Famous Brands

Market Cap: R6.4b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, Middle East, and Rest of Africa.