Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Nippon Sharyo

Market Cap: JP¥30.4b

Engages in the manufactures and sale of railway rolling stock, transportation equipment, steel structures, and construction equipment; and engineering and other activities in Japan, the United States, Asia, and internationally.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.9b

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

ShenZhen Click TechnologyLTD

Market Cap: CN¥6.0b

Designs, produces, sells, and services LED lighting power supplies, power battery chargers, communication power supplies, adapters, magnetic components, electric car chargers, charging piles, and others in China and internationally.

Alltek Technology

Market Cap: NT$9.0b

Operates as a communication components distributor and solution provider in Taiwan, China, and internationally.

Champion Building MaterialsLtd

Market Cap: NT$4.3b

Champion Building Materials Co., Ltd., together with its subsidiaries, manufactures and markets ceramics, ceramic products, stone products, fire-resistant materials, and other chemical products.

Tai Sin Electric

Market Cap: S$191.0m

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

Hunan Investment GroupLtd

Market Cap: CN¥2.7b

Engages in the construction and operation of highways, bridges, and various urban infrastructures in China.

Lee's Pharmaceutical Holdings

Market Cap: HK$842.0m

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

Standard Foods

Market Cap: NT$30.3b

Manufactures and sells nutritious foods, edible oil, dairy products, and beverages in Taiwan and internationally.

Cigniti Technologies

Market Cap: ₹44.6b

Provides software testing services worldwide.

CHANGE HoldingsInc

Market Cap: JP¥81.9b

Provides IT human resources development training services in Japan.

Shenzhen Coship Electronics

Market Cap: CN¥7.8b

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

Hokkan Holdings

Market Cap: JP¥23.4b

Through its subsidiaries, engages in the container, filling, and machinery production businesses in Taiwan.

Thai Steel Cable

Market Cap: ฿3.4b

Manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand.

Top Union Electronics

Market Cap: NT$5.0b

Engages in design, manufacture, and technical support of electronic products and communication equipment in Taiwan, the United States, and China.

AlpenLtd

Market Cap: JP¥91.5b

Engages in the development and sale of sporting products in Japan.

Ruentex Interior Design

Market Cap: NT$3.6b

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

Bengal & Assam

Market Cap: ₹85.1b

Operates as an investment company in India and internationally.

Tien Phong Plastic

Market Cap: ₫10.7t

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

Zkteco

Market Cap: CN¥5.9b

ZKTeco Co., Ltd. provides biometric verification algorithm techniques, sensors, and software platform worldwide.

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.

Zhejiang Chinastars New Materials Group

Market Cap: CN¥3.4b

Zhejiang Chinastars New Materials Group Co., Ltd.

Shenzhen Easttop Supply Chain Management

Market Cap: CN¥5.5b

Shenzhen Easttop Supply Chain Management Co., Ltd.

AB Vilkyskiu pienine

Market Cap: €137.3m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Techno Smart

Market Cap: JP¥18.9b

Provides liquid crystal-related film and cast film manufacturing devices.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥21.4b

Manages and operates ski resorts in Japan.

Dong Fang Offshore

Market Cap: NT$29.7b

Offers vessel solutions for offshore wind projects, which include guard, MMO, CTV, HDD, transportation, berth, and cargo transfer services.

AOKI Holdings

Market Cap: JP¥130.7b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.

Tait Marketing & Distribution

Market Cap: NT$4.4b

Tait Marketing & Distribution Co., Ltd., together with its subsidiaries, import and trades in consumer goods in Taiwan.

Forth Smart Service

Market Cap: ฿5.0b

Provides prepaid mobile top-up services in Thailand.

Pan Asian Microvent Tech (Jiangsu)

Market Cap: CN¥4.0b

Engages in the research and development, design, production, and sale of e-PTFE micro-permeable membranes and aerogels in China and internationally.

COSCO SHIPPING International (Hong Kong)

Market Cap: HK$7.1b

An investment holding company, provides shipping services in the People’s Republic of China and internationally.

Kanro

Market Cap: JP¥60.1b

Manufactures and sells confectionery and food products in Japan.

ManpowerGroup Greater China

Market Cap: HK$888.1m

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.