Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Rich Sparkle Holdings

Market Cap: US$438.6m

Provides financial printing and corporate services in Hong Kong.

Grendene

Market Cap: R$4.7b

Engages in the development, production, distribution, and sale of footwear for women, men, and children in Brazil and internationally.

Jordanian Duty Free Shops

Market Cap: د.أ153.0m

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

Lemtech Holdings

Market Cap: NT$5.2b

Research, develops, produces, and sells precision metal dies and metal stampings in Asia, the Americas, and Europe.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.6b

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

Jiangsu Rainbow Heavy Industries

Market Cap: CN¥6.3b

Jiangsu Rainbow Heavy Industries Co., Ltd.

Advancetek EnterpriseLtd

Market Cap: NT$25.3b

Engages in the construction, rental, and sale of residential and commercial buildings in Taiwan.

Center International GroupLtd

Market Cap: CN¥5.7b

Provides building metal enclosure systems solutions in China.

Shenzhen Coship Electronics

Market Cap: CN¥7.4b

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

Shenzhen Keanda Electronic Technology

Market Cap: CN¥3.3b

Shenzhen Keanda Electronic Technology Corp., Ltd.

Techno Ryowa

Market Cap: JP¥99.9b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Otec

Market Cap: JP¥27.0b

Trades pipework equipment in Japan.

Chudenko

Market Cap: JP¥209.6b

Operates as an equipment engineering company in Japan.

Jiangyin Haida Rubber And Plastic

Market Cap: CN¥6.0b

Jiangyin Haida Rubber And Plastic Co., Ltd.

Southern Michigan Bancorp

Market Cap: US$107.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Anpec Electronics

Market Cap: NT$13.0b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Goldiam International

Market Cap: ₹38.5b

Manufactures, sells, and trades in diamond studded gold, silver, and platinum jewelry in India.

Capricorn Group

Market Cap: R11.2b

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

Shanghai Pioneer Holding

Market Cap: HK$2.5b

An investment holding company, engages in marketing, promotion, and channel management of pharmaceutical products and medical devices primarily in the People’s Republic of China.

Oriental Precision & EngineeringLtd

Market Cap: ₩370.8b

Oriental Precision & Engineering Co.,Ltd.

Maxigen Biotech

Market Cap: NT$4.0b

Researches, develops, produces, and sells implantable medical devices and cosmetic products in Taiwan, America, Europe, rest of Asia, and internationally.

Indo Tech Transformers

Market Cap: ₹16.7b

Manufactures and sells transformers in India and internationally.

Dwi Guna Laksana

Market Cap: Rp2.2t

Engages in the coal mining and trading activities in Indonesia.

Yashima Denki

Market Cap: JP¥44.3b

Provides plant business, industry/equipment, and transportation business in Japan and internationally.

System ResearchLtd

Market Cap: JP¥34.8b

Offers software development services in Japan.

Chongqing Machinery & Electric

Market Cap: HK$5.8b

Designs, manufactures, and sells clean energy equipment and high-end smart manufacturing equipment.

Union Gas Holdings

Market Cap: S$128.6m

An investment holding company, provides fuel products in Singapore and Indonesia.

TSTE

Market Cap: ฿4.4b

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

Sociedad Matriz SAAM

Market Cap: CL$1.2t

Through its subsidiaries, provides tugboat services, air cargo logistics, and real estate rentals in South America, Central America, and North America.

Hong Tai Electric Industrial

Market Cap: NT$11.8b

Manufactures, processes, and sells wires and cables, communication products and accessories.It offers bare soft/hard copper stranded wire, lead-free PVC wires and cables, medium and low voltage cross-linked PE cables, UHV cross-linked PE cables, heat resistant/flame-resistant cables, solar cables, rat and ant-proof wires and cables.

Hearts and Minds Investments

Market Cap: AU$760.2m

n/a

FRMO

Market Cap: US$371.1m

Through Horizon Kinetics, LLC, operates as an investment advisory and independent research company in the United States.

Om Infra

Market Cap: ₹11.0b

Engages in the design, engineering, manufacture, supply, installation, testing, and commissioning of hydro mechanical equipment for hydroelectric power and irrigation projects in India and internationally.

Neosem

Market Cap: ₩357.0b

Manufactures and sells semiconductor inspection equipment.

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.