Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Maharashtra Seamless

Market Cap: ₹86.1b

Engages in the manufacture and sale of seamless steel pipes and tubes in India.

Cantabil Retail India

Market Cap: ₹20.6b

Engages in designing, manufacturing, branding, and retailing of apparel and apparel accessories in India.

Bank Ganesha

Market Cap: Rp3.0t

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

Macpower CNC Machines

Market Cap: ₹10.9b

Manufactures and sells computer numerical control (CNC) metal cutting machines in India.

Insolation Energy

Market Cap: ₹29.9b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

Cairo Amman Bank

Market Cap: د.أ274.0m

Provides various banking and financial services for corporate and institutional customers.

Saha-Union

Market Cap: ฿7.9b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Mulpha International Bhd

Market Cap: RM 912.4m

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

Central Forest Group

Market Cap: JP¥22.5b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

New Mauritius Hotels

Market Cap: MU₨7.3b

Operates hotels in Mauritius, Europe, Morocco, and internationally.

MOBI Industry

Market Cap: ر.س538.0m

Manufactures and sells fertilizers and nitrogen compounds in the Kingdom of Saudi Arabia.

Nofoth Food Products

Market Cap: ر.س810.5m

Produces and sells bakery products in Saudi Arabia.

PC Jeweller

Market Cap: ₹92.5b

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

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Asian Granito India

Market Cap: ₹21.7b

Engages in the manufacture and trade of tiles, marbles, and related products in India.

Nusantara Pelabuhan Handal

Market Cap: Rp2.5t

Manages and operates container terminals in Indonesia and internationally.

Goldiam International

Market Cap: ₹43.6b

Manufactures and sells gold/silver/platinum and diamond studded jewelry products in India.

Indo Tech Transformers

Market Cap: ₹17.9b

Manufactures and sells transformers in India and internationally.

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

Market Cap: د.ك52.2m

A private equity firm specializing in direct and fund investments.

First Investment Company K.S.C.P

Market Cap: د.ك56.6m

First Investment Company K.S.C.C. is a Shariah compliant privately owned investment manager.

Sokouk Holding Company K.S.C.P

Market Cap: د.ك40.4m

Engages in managing real estate projects in Kuwait.

National Investments Company K.S.C.P

Market Cap: د.ك205.5m

Provides financial and investment services in Kuwait, GCC countries, and internationally.

Taiyo KagakuLtd

Market Cap: JP¥46.4b

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

Fauji Foods

Market Cap: PK₨45.7b

Engages in processing and sale of toned milk, milk powder, fruit juices, allied dairy, and food products in Pakistan.

S.A.S. Dragon Holdings

Market Cap: HK$3.2b

An investment holding company, provides electronic supply chain services in Hong Kong, Mainland China, Taiwan, the United States, Vietnam, Singapore, Macao, and internationally.

Daphne International Holdings

Market Cap: HK$831.0m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

KFM Kingdom Holdings

Market Cap: HK$1.6b

An investment holding company, manufactures and sells precision metal stamping products in the People’s Republic of China, South East Asia, Hong Kong, North America, Europe, and internationally.

Banyan Tree Holdings

Market Cap: S$533.6m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.5b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

HG Metal Manufacturing

Market Cap: S$167.6m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

JB Foods

Market Cap: S$230.4m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

Pizu Group Holdings

Market Cap: HK$5.7b

An investment holding company, manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Monolithisch India

Market Cap: ₹10.1b

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

Tien Phong Plastic

Market Cap: ₫10.1t

Manufactures and trades in plastic pipes and fittings for civil and industrial use in Vietnam.

SALUS Ljubljana d. d

Market Cap: €526.0m

Engages in the distribution, promotion, sales services, and value-added services for medicinal products or medical devices in Slovenia and internationally.