Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Cahaya Aero Services

Market Cap: Rp5.5t

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

Al Wathba National Insurance Company PJSC

Market Cap: د.إ683.1m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Freetrailer Group

Market Cap: €678.9m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Gulf Insurance Group - Jordan

Market Cap: د.أ85.8m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Cita Mineral Investindo

Market Cap: Rp16.2t

Engages in bauxite mining activities in Indonesia.

Monolithisch India

Market Cap: ₹9.9b

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

Yibin City Commercial Bank

Market Cap: HK$12.0b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Fortune Mate Indonesia

Market Cap: Rp2.3t

Provides real estate development and construction services in Indonesia.

Luyuan Group Holding (Cayman)

Market Cap: HK$4.1b

Through its subsidiaries, development, manufacture, and sale of electric vehicles and related accessories in Mainland China.

Linde Bangladesh

Market Cap: ৳14.1b

Manufactures and supplies industrial and medical gases, anesthesia, and ancillary equipment in Bangladesh.

Padma Oil

Market Cap: ৳19.3b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

Bank Ganesha

Market Cap: Rp2.6t

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

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Billion Industrial Holdings

Market Cap: HK$9.1b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Hospital Corporation of China

Market Cap: HK$925.4m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Digital Mediatama Maxima

Market Cap: Rp2.8t

Operates an integrated marketing platform.

Bank MNC Internasional

Market Cap: Rp2.7t

Provides various banking products and services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥36.4b

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

Nusantara Pelabuhan Handal

Market Cap: Rp2.7t

Manages and operates container terminals in Indonesia and internationally.

National Credit and Commerce Bank

Market Cap: ৳14.4b

Provides various commercial banking products and services in Bangladesh.

SALUS Ljubljana d. d

Market Cap: €435.6m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Dwi Guna Laksana

Market Cap: Rp3.5t

Engages in the coal mining and trading activities in Indonesia.

Cisadane Sawit Raya

Market Cap: Rp1.8t

Engages in the oil palm plantation business in Indonesia and internationally.

Citra Tubindo

Market Cap: Rp4.1t

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

Surya Toto Indonesia

Market Cap: Rp2.7t

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

Al-Ahleia Insurance CompanyK.P

Market Cap: د.ك193.7m

Engages in insurance and reinsurance operations in Kuwait.

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Sun

Market Cap: MU₨7.4b

Operates in the tourism sector.

Jordanian Duty Free Shops

Market Cap: د.أ147.6m

Invests in, operates, and manages duty-free shops.

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret

Market Cap: ₺7.6b

Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret A.S.

Payton Industries

Market Cap: ₪464.7m

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.

Zona Franca de Iquique

Market Cap: CL$232.0b

Operates premises for wholesale and retail business centers in the duty-free zones of South America.

Soma Gold

Market Cap: CA$148.9m

A natural resource company, engages in the acquisition, exploration, and development of mineral properties in Columbia.