Global Undiscovered Gems With Strong Fundamentals

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.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Citra Tubindo

Market Cap: Rp4.7t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Ruentex Interior Design

Market Cap: NT$3.5b

Engages in the interior design and decoration, landscape design engineering, and construction businesses in Taiwan.

Shipping Corporation of India

Market Cap: ₹105.8b

A marginal liner shipping company, engages in business of transporting goods in India.

Knowledge Marine & Engineering Works

Market Cap: ₹17.9b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Cahaya Aero Services

Market Cap: Rp4.4t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Luxchem Corporation Berhad

Market Cap: RM 459.7m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.2t

Manufactures and sells paper products in Asia, Africa, Europe, the United States, the Middle East, and internationally.

Hong Leong Finance

Market Cap: S$1.1b

Operates as a financial services company for consumer, and small and medium-sized enterprises (SMEs) markets in Singapore.

Sky Gold and Diamonds

Market Cap: ₹58.9b

Designs, manufactures, assembles, cuts, polishes, markets, and sells gold and silver jewelry in India.

Shenzhen Coship Electronics

Market Cap: CN¥7.6b

Engages in the manufacture and sale of smart home products and services worldwide.

PC Jeweller

Market Cap: ₹81.0b

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

Tai Sin Electric

Market Cap: S$186.4m

Manufactures and deals in cable and wire products in Singapore, Malaysia, Brunei, Vietnam, Indonesia, Myanmar, Cambodia, Thailand, and internationally.

Bengal & Assam

Market Cap: ₹86.5b

Operates as an investment company in India and internationally.

Central Finance

Market Cap: LK₨54.6b

Provides various financial solutions primarily in Sri Lanka.

Bakrie & Brothers

Market Cap: Rp4.9t

Through its subsidiaries, engages in the trading, construction, agriculture, coal mining, oil and gas, and telecommunication businesses in Indonesia and internationally.

Standard Chartered Bank Kenya

Market Cap: KSh104.2b

Provides various banking products and services for individuals and businesses.

Li Ming Development Construction

Market Cap: NT$5.0b

Li Ming Development Construction Co., Ltd.

Yuken India

Market Cap: ₹13.9b

Engages in the manufacture and sale of oil hydraulic equipment primarily in India.

Taiyo KagakuLtd

Market Cap: JP¥29.8b

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

SML Isuzu

Market Cap: ₹28.0b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Credo Brands Marketing

Market Cap: ₹11.1b

Credo Brands Marketing Limited retails men’s casual wear under the MUFTI brand name in India.

Jagsonpal Pharmaceuticals

Market Cap: ₹15.5b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.

Britam Holdings

Market Cap: KSh19.4b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Cigniti Technologies

Market Cap: ₹45.4b

Provides software testing services worldwide.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك395.2m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

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

Market Cap: د.ك36.1m

A private equity firm specializing in direct and fund investments.

Jamuna Bank

Market Cap: ৳14.8b

Provides various banking products and services in Bangladesh.

National Corporation for Tourism and Hotels

Market Cap: د.إ4.4b

Invests in, owns, and manages hotels and leisure complexes in the United Arab Emirates.

AGI Infra

Market Cap: ₹21.3b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

Shanghai Pioneer Holding

Market Cap: HK$2.5b

An investment holding company, engages in marketing, promotion and channel management of pharmaceutical products and medical devices primarily in the People’s Republic of China.

Shangri-La Hotel

Market Cap: ฿6.1b

Operates hotels in Bangkok and Chiang Mai provinces.

3B Blackbio Dx

Market Cap: ₹13.5b

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

Sun

Market Cap: MU₨6.5b

Operates in the tourism sector.