Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Capricorn Group

Market Cap: R11.2b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Zambia Sugar

Market Cap: K13.3b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Morris State Bancshares

Market Cap: US$255.6m

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

TSTE

Market Cap: ฿4.4b

Primarily engages in the production and distribution of wheat flour in Thailand.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Nofoth Food Products

Market Cap: ر.س1.2b

Produces and sells bakery products in Saudi Arabia.

BGT Group

Market Cap: CN¥3.9b

Engages in water treatment technology research and development, system design, equipment manufacturing, installation and commissioning, and operation in China.

Sinopower Semiconductor

Market Cap: NT$3.6b

Engages in the research, design, manufacture, and sale of power semiconductor components and related modules in Taiwan and internationally.

Lungyen Life Service

Market Cap: NT$24.4b

Provides funeral facilities and services in Taiwan.

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك400.2m

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.

Ha Giang Mineral Mechanics

Market Cap: ₫4.1t

Explores, extracts, and process mineral ores in Vietnam and internationally.

PAN Group

Market Cap: ₫7.3t

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

Uju Holding

Market Cap: HK$3.8b

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

Neosem

Market Cap: ₩361.7b

Manufactures and sells semiconductor inspection equipment.

MOBI Industry

Market Cap: ر.س595.0m

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

Sure Global Tech

Market Cap: ر.س598.7m

Provides technological and consultative solutions for public and private sectors in the Kingdom of Saudi Arabia.

Shenzhen Chengtian Weiye Technology

Market Cap: CN¥7.6b

Shenzhen Chengtian Weiye Technology Co., Ltd.

BBK Test Systems

Market Cap: CN¥3.8b

Manufactures and sells automotive and structural testing equipment in China and internationally.

Natural Food International Holding

Market Cap: HK$1.7b

An investment holding company, manufactures and sells natural health food products in China.

Network People Services Technologies

Market Cap: ₹40.4b

Develops payments infrastructure for banks, payment aggregators, and merchants in India.

Shenzhen Easttop Supply Chain Management

Market Cap: CN¥6.3b

Shenzhen Easttop Supply Chain Management Co., Ltd.

Haitian Water GroupLtd

Market Cap: CN¥4.0b

Provides water and environmental protection services in China.

Praise Victor Industrial

Market Cap: NT$9.9b

Designs, produces, and trades in polyurethanes (PU) materials.

Hubei Three Gorges Tourism Group

Market Cap: CN¥3.9b

Provides road passenger transport services in China.

AB Vilkyskiu pienine

Market Cap: €123.6m

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

Qingdao Daneng Environmental Protection Equipment

Market Cap: CN¥3.9b

Qingdao Daneng Environmental Protection Equipment Co., Ltd.

Pizu Group Holdings

Market Cap: HK$2.1b

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

Shandong Sinoglory Health Food

Market Cap: CN¥2.5b

Manufactures soy proteins in China.

Qingmu Tec

Market Cap: CN¥5.2b

Provides brand retail solutions.

Q P Group Holdings

Market Cap: HK$872.5m

An investment holding company, manufactures and trades in paper products in the People’s Republic of China, the United States, Europe, and internationally.

Jiangxi Jiangnan New Material Technology

Market Cap: CN¥8.9b

Jiangxi Jiangnan New Material Technology Co., Ltd.

Camelot Electronics TechnologyLtd

Market Cap: CN¥4.1b

Engages in the research, production, and sale of printed circuit boards in China and internationally.

Anapass

Market Cap: ₩229.5b

Operates as a SoC semiconductor provider in the display market in South Korea.

Sinomag Technology

Market Cap: CN¥6.9b

Engages in the research and development, production, and sale of permanent ferrite magnets and soft magnetic cores and components worldwide.