Global Undiscovered Gems With Strong Fundamentals

Kingstone Companies

Market Cap: US$225.1m

Through its subsidiary, Kingstone Insurance Company, provides property and casualty insurance products in the United States.

Total Energy Services

Market Cap: CA$927.3m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Xianheng International Science&Technology

Market Cap: CN¥7.6b

Xianheng International Science&Technology Co., Ltd.

CTI Logistics

Market Cap: AU$157.8m

Engages in the provision of transport and logistics services in Australia.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥9.8b

Produces and sells environmentally friendly furniture panels in China and internationally.

Shengda ResourcesLtd

Market Cap: CN¥18.6b

Through its subsidiaries, engages in the mining development, resource trading, and investment management businesses in China.

IVE Group

Market Cap: AU$373.5m

Engages in the marketing business in Australia.

Zhejiang Jolly PharmaceuticalLTD

Market Cap: CN¥9.3b

Engages in the research, production, and marketing of Chinese medicinal products in the People’s Republic of China and internationally.

Transcend Information

Market Cap: NT$126.2b

Engages in manufacturing, processing, and trading of computer software and hardware, peripheral equipment, and computer parts in Taiwan, rest of Asia, the United States, Europe, and internationally.

CNMC Goldmine Holdings

Market Cap: S$445.8m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Sing Investments & Finance

Market Cap: S$361.8m

Provides financing and related nominee services to individuals and corporations in Singapore.

Taliworks Corporation Berhad

Market Cap: RM 806.3m

An investment holding company, operates, manages, and maintains water treatment plants in Malaysia.

Dat Xanh Real Estate Services

Market Cap: ₫4.3t

Provides real estate trading and brokerage services in Vietnam.

Fourth Milling

Market Cap: ر.س2.3b

Engages in the production of flour, feed, bran, and wheat derivatives in the Kingdom of Saudi Arabia and internationally.

Bastide Le Confort Médical

Market Cap: €176.4m

Engages in the sale and rental of medical equipment in France, the United Kingdom, Belgium, Spain, Canada, the Netherlands, and Italy.

Decora

Market Cap: zł754.1m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

GROUPE SFPI

Market Cap: €196.4m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

Raya Holding Company for Financial Investments (S.A.E)

Market Cap: ج.م31.9b

Operates in information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, E-payments, and non-banking financial services fields in Egypt and internationally.

CF Bankshares

Market Cap: US$194.3m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Cybozu

Market Cap: JP¥108.2b

Engages in the development, sale, and operation of groupware in Japan.

SPRIX

Market Cap: JP¥18.6b

Engages in the cram school and educational businesses in Japan.

Henan Zhongfu IndustrialLtd

Market Cap: CN¥26.5b

Processes, manufactures, and sells electrolytic aluminum and aluminum products in China.

Henan Lingrui Pharmaceutical

Market Cap: CN¥12.4b

Engages in the research, development, production, and sale of drugs in China.

Management SolutionsLtd

Market Cap: JP¥21.9b

Provides management consulting, project management execution, and project management training services.

Beijing Chunlizhengda Medical Instruments

Market Cap: HK$5.9b

Engages in the research, development, production, and sale of surgical implants, instruments, and related products in the People’s Republic of China and internationally.

Polaris Holdings

Market Cap: JP¥39.5b

Operates a chain of hotels in Japan.

Vector

Market Cap: JP¥67.3b

Engages in the public relations (PR) and advertising, press release distribution, video release distribution, direct marketing, media, investment, and human resources businesses in Japan, China, and internationally.

WPIL

Market Cap: ₹41.0b

Engages in designing, developing, manufacturing, erecting, commissioning, and servicing pumps and pumping systems in India and internationally.

FINDEX

Market Cap: JP¥20.2b

Offers medical devices in Japan.

Hyundai Home Shopping Network

Market Cap: ₩878.7b

Operates as an online shopping company in South Korea.

Volati

Market Cap: SEK 6.9b

A private equity firm specializing in growth capital, buyouts, add on acquisitions in mature and middle market companies.

AddLife

Market Cap: SEK 18.9b

Provides instruments and equipment, consumables, and reagents primarily to medical care, research, colleges, and universities, as well as the food and pharmaceutical industries.

Integrated Diagnostics Holdings

Market Cap: US$319.7m

A consumer healthcare company, provides medical diagnostics services to patients.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

GDEV

Market Cap: US$236.4m

Develops and publishes online games in the United States, Europe, Asia, and internationally.

m-up holdings

Market Cap: JP¥47.4b

Engages in the development and distribution of mobile and PC content, and e-commerce businesses in Japan.