Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Tri-County Financial Group

Market Cap: US$115.9m

Operates as a bank holding company for First State Bank, providing various banking and mortgage banking services and insurance services to individuals and businesses in the United States.

Inverfal PerúA

Market Cap: S/1.9b

Engages in investing in fixed or variable income securities in Peru.

Industrias del Cobre Sociedad Anónima

Market Cap: S/766.7m

Engages in the manufacture and sale of wires, and electrical and telecommunication cables and conductors in Peru and internationally.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

Provides insurance and reinsurance products and services to individuals and business customers in Peru.

Practic

Market Cap: RON 760.3m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.7b

Develops, manufactures, and sells medicines in Bulgaria.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Saha-Union

Market Cap: ฿8.0b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Timex Group India

Market Cap: ₹35.6b

Engages in designing, manufacturing, and trading of watches in India and internationally.

Yibin City Commercial Bank

Market Cap: HK$12.0b

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

TSTE

Market Cap: ฿4.2b

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

Kuwait Insurance CompanyK.P

Market Cap: د.ك107.6m

Provides various insurance products and services in Kuwait.

TI Cloud

Market Cap: HK$847.0m

Provides cloud-native customer contact solutions that enables enterprises to engage in multi-channel customer interactions in the People's Republic of China and Hong Kong.

Bank Ganesha

Market Cap: Rp2.8t

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

PINAGO UTAMA

Market Cap: Rp2.4t

Engages in the oil palm and rubber plantation business in Indonesia.

Lippo Cikarang

Market Cap: Rp2.9t

Develops real estate and industrial estate projects in Indonesia.

PBA Holdings Bhd

Market Cap: RM 625.6m

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

Lion Rock Group

Market Cap: HK$1.1b

An investment holding company, provides printing services to international book publishers, trade, professional, and educational publishing conglomerates, as well as print media companies.

Nusantara Pelabuhan Handal

Market Cap: Rp3.0t

Manages and operates container terminals in Indonesia and internationally.

Tai Sin Electric

Market Cap: S$269.3m

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

Mamata Machinery

Market Cap: ₹10.3b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Digital Mediatama Maxima

Market Cap: Rp2.9t

Operates an integrated marketing platform.

Era Media Sejahtera

Market Cap: Rp2.8t

Operates as an advertising media company in Indonesia.

Natural Food International Holding

Market Cap: HK$2.4b

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

Bank MNC Internasional

Market Cap: Rp2.4t

Provides various banking products and services in Indonesia.

Cahaya Aero Services

Market Cap: Rp5.9t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Productive Business Solutions

Market Cap: US$173.2m

Engages in the distribution of printing equipment, business machines, handsets, and related accessories.

Anapass

Market Cap: ₩209.7b

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

ASIX Electronics

Market Cap: NT$5.9b

An IC design company, engages in the research, development, manufacture, and sale of chips in Taiwan, China, and internationally.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.6b

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

104

Market Cap: NT$7.5b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

Menthobi Karyatama Raya

Market Cap: Rp2.0t

Engages in the cultivation and development of palm oil plantations; and crude palm oil processing activities and related derivative products primarily in Indonesia.

Indo Tech Transformers

Market Cap: ₹16.9b

Manufactures and sells transformers in India and internationally.

Tibet Rhodiola Pharmaceutical Holding

Market Cap: CN¥13.5b

Tibet Rhodiola Pharmaceutical Holding Co.

Fengyinhe Holdings

Market Cap: HK$4.3b

An investment holding company, provides various financial services to real estate market in the People’s Republic of China.