Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Jordanian Duty Free Shops

Market Cap: د.أ154.1m

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

Monolithisch India

Market Cap: ₹9.7b

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

Cita Mineral Investindo

Market Cap: Rp15.8t

Engages in bauxite mining activities in Indonesia.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Bonraybio

Market Cap: NT$4.0b

A development stage company, manufactures medical instruments and solutions for the male infertility market.

Linde Bangladesh

Market Cap: ৳13.6b

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

Padma Oil

Market Cap: ৳18.3b

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

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp17.1t

Manufactures and sells writing and printing paper products in Asia, Africa, Europe, the United States, the Middle East, and internationally.

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

Citra Tubindo

Market Cap: Rp6.8t

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

Surya Citra Media

Market Cap: Rp10.3t

Provides multimedia services in Indonesia.

Pizu Group Holdings

Market Cap: HK$1.6b

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

Mark Dynamics Indonesia

Market Cap: Rp2.5t

Manufactures and sells hand former products in Indonesia and internationally.

Jamuna Bank

Market Cap: ৳15.3b

Provides various banking products and services in Bangladesh.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Bakrie & Brothers

Market Cap: Rp4.7t

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

Sun

Market Cap: MU₨6.6b

Operates in the tourism sector.

Taiyo KagakuLtd

Market Cap: JP¥32.4b

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

Billion Industrial Holdings

Market Cap: HK$9.5b

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.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

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.

Dwi Guna Laksana

Market Cap: Rp2.0t

Engages in the coal mining and trading activities in Indonesia.

Fortune Mate Indonesia

Market Cap: Rp2.1t

Provides real estate development and construction services in Indonesia.

Ruentex Interior Design

Market Cap: NT$3.4b

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

Shangri-La Hotel

Market Cap: ฿5.8b

Operates hotels in Bangkok and Chiang Mai provinces.

Bank Ganesha

Market Cap: Rp1.9t

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

Cahaya Aero Services

Market Cap: Rp4.4t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Metalpha Technology Holding

Market Cap: US$141.6m

Provides wealth management services in Hong Kong.

Caisse Régionale de Crédit Agricole Mutuel Brie Picardie Société coopérative

Market Cap: €1.2b

Provides a range of banking and financial products and services to individuals, farmers, professionals, businesses, and public authorities in France.

MAPFRE Middlesea

Market Cap: €128.8m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Zespól Elektrocieplowni Wroclawskich KOGENERACJA

Market Cap: zł900.0m

Zespól Elektrocieplowni Wroclawskich KOGENERACJA S.A.

MCH Group

Market Cap: CHF 111.6m

Operates as a live marketing company that provides a network of services in the exhibition and event market worldwide.

ABG Sundal Collier Holding

Market Cap: NOK 3.6b

Provides investment banking, stock broking, and corporate advisory services in Norway, Sweden, Denmark, and internationally.

Zona Franca de Iquique

Market Cap: CL$220.7b

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

Pure Cycle

Market Cap: US$242.7m

Provides wholesale water and wastewater services in the United States.