Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Gulf Insurance Group - Jordan

Market Cap: د.أ96.7m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Southern Michigan Bancorp

Market Cap: US$107.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

Practic

Market Cap: RON 736.5m

Engages in the lease and sublease of real estate properties in Romania.

Oakworth Capital

Market Cap: US$159.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Morris State Bancshares

Market Cap: US$260.9m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.9b

Researches, develops, produces, and sells black sesame health products in China.

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.

Uju Holding

Market Cap: HK$3.4b

An investment holding company, provides digital marketing services and live-streaming e-commerce in the People’s Republic of China.

Daphne International Holdings

Market Cap: HK$1.0b

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

Lee's Pharmaceutical Holdings

Market Cap: HK$1.1b

An investment holding company, develops, manufactures, markets, and sells pharmaceutical products in the People's Republic of China, Hong Kong, and internationally.

Vinacomin - Power Holding

Market Cap: ₫8.8t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Rrp Semiconductor

Market Cap: ₹47.8b

Trades in electronic parts in India.

PAN Group

Market Cap: ₫7.2t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Renaissance Global

Market Cap: ₹12.3b

Manufactures and sells diamond studded jewellery in India and internationally.

Billion Industrial Holdings

Market Cap: HK$9.3b

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.

Viet Nam Power Development

Market Cap: ₫2.7t

Engages in the operation and management of hydropower plants.

Indo Amines

Market Cap: ₹10.4b

Engages in the manufacture, distribution, and sale of fine and specialty chemicals in India and internationally.

Tai Sin Electric

Market Cap: S$264.7m

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

VICOM

Market Cap: S$560.2m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

Shree Pushkar Chemicals & Fertilisers

Market Cap: ₹12.3b

Manufactures and trades in chemicals, dyes and dyes intermediate, cattle feeds, fertilizers, and soil conditioners in India.

Sun

Market Cap: MU₨7.3b

Operates in the tourism sector.

Yibin City Commercial Bank

Market Cap: HK$11.9b

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

SALUS Ljubljana d. d

Market Cap: €337.0m

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

ShareHope Medicine

Market Cap: NT$3.6b

Provides integrated medical services in Taiwan.

PBA Holdings Bhd

Market Cap: RM 671.9m

An investment holding company, operates as a water supplier in Malaysia.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك397.0m

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.

Fortune Mate Indonesia

Market Cap: Rp2.9t

Provides real estate development and construction services in Indonesia.

Taiyo KagakuLtd

Market Cap: JP¥33.7b

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

Forth Smart Service

Market Cap: ฿4.9b

Provides prepaid mobile top-up services in Thailand.

Shri Jagdamba Polymers

Market Cap: ₹8.8b

Engages in the manufacture and sale of technical textile products in India.

Bakrie & Brothers

Market Cap: Rp4.5t

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

Saint-Gobain Sekurit India

Market Cap: ₹9.9b

Manufactures and sells laminated and tempered automotive glass in India.