Global Undiscovered Gems With Strong Fundamentals

Wuxi Double Elephant Micro Fibre MaterialLtd

Market Cap: CN¥4.8b

Manufactures and sells artificial and synthetic leather products in the People’s Republic of China and internationally.

Ramco Industries

Market Cap: ₹34.0b

Engages in the building products, textiles, and power generation businesses in India.

Hearts and Minds Investments

Market Cap: AU$796.9m

n/a

Jiangsu Rainbow Heavy Industries

Market Cap: CN¥6.1b

Jiangsu Rainbow Heavy Industries Co., Ltd.

BIO-FD&CLtd

Market Cap: ₩157.0b

Develops active ingredients for anti-aging cosmetics in South Korea.

Thai Steel Cable

Market Cap: ฿3.6b

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

Subaru Enterprise

Market Cap: JP¥44.3b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

First Juken

Market Cap: JP¥17.4b

Engages in the construction and sale of detached houses in Japan.

Cigniti Technologies

Market Cap: ₹46.5b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

104

Market Cap: NT$7.5b

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

Namuga

Market Cap: ₩252.8b

Designs, produces, and sells cameras and 3D sensing modules in Korea and internationally.

ASL Marine Holdings

Market Cap: S$197.6m

Provides marine services in Singapore, Indonesia, Asia Pacific, South Asia, Europe, the Middle East, and Australia.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

Woori Technology Investment

Market Cap: ₩872.2b

A venture capital firm specializing in venture fund, mezzanine fund project fund, venture capital and small & medium companies investments.

Evergent Investments

Market Cap: RON 1.8b

A publicly owned investment manager.

Shenzhen Zhongheng Huafa

Market Cap: CN¥2.7b

Produces and sells injection molded parts, foam parts, and liquid crystal display monitors.

Minmetals Development

Market Cap: CN¥9.7b

Engages in resource trading, metal trading, and supply chain services in China and internationally.

E J Holdings

Market Cap: JP¥32.2b

Through its subsidiaries, engages in the civil engineering consultant business in Japan and internationally.

CHTC Helon

Market Cap: CN¥4.3b

Researches and develops high-modulus and low-shrinkage impregnated polyester cord fabrics and canvas products in China.

Q P Group Holdings

Market Cap: HK$925.7m

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

CTCI Advanced Systems

Market Cap: NT$4.6b

Provides system integration services to the hydrocarbon, power, industry, transportation, and high technology markets in Taiwan and internationally.

Akatsuki

Market Cap: JP¥16.8b

Engages in the real estate and securities businesses in Japan.

AOKI Holdings

Market Cap: JP¥151.1b

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

Wuxi Xinan Technology

Market Cap: CN¥2.8b

Engages in the research, development, production, and sale of aluminum alloy auto parts for commercial vehicles and passenger cars.

Top Union Electronics

Market Cap: NT$4.6b

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

Anhui Huaren Health Pharmaceutical

Market Cap: CN¥5.2b

Anhui Huaren Health Pharmaceutical Co., Ltd.

Wholetech System Hitech

Market Cap: NT$9.6b

Provides system integration services in Taiwan, China, and Singapore.

Kinpo Electronics

Market Cap: NT$29.4b

Designs, manufactures, and sells consumer electronics, web-based communications, computer peripherals, and storage products in Taiwan, rest of Asia, the Americas, and internationally.

Lan Fa Textile

Market Cap: NT$3.7b

Engages in the manufacture and sale of polyester textured yarn in Taiwan.

Transnational Corporation of Nigeria

Market Cap: ₦467.5b

Together with the subsidiaries, engages in the power, oil and gas, and hospitality businesses in Nigeria.

CMC

Market Cap: JP¥22.5b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

Kyoritsu Electric

Market Cap: JP¥20.6b

Provides various systems, testing and measuring instruments, etc.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.8b

Operates as a chemical raw material manufacturing company in China and internationally.

Brillian Network & Automation Integrated System

Market Cap: NT$10.1b

Brillian Network & Automation Integrated System Co.

Triocean Industrial Corporation

Market Cap: NT$4.7b

Engages in the construction business in Taiwan.

Nippon Sharyo

Market Cap: JP¥40.5b

Engages in the railway vehicles, construction machinery, transportation equipment and steel structures, engineering, and other businesses in Japan, the United States, Asia, and internationally.