Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

PINAGO UTAMA

Market Cap: Rp2.3t

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

Mangold Fondkommission

Market Cap: SEK 951.1m

Provides financial services to companies, institutions, and private individuals in Sweden.

Inverfal PerúA

Market Cap: S/1.6b

Engages in investing in fixed or variable income securities.

La Positiva Seguros y Reaseguros

Market Cap: S/602.9m

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

Nanfang Ventilator

Market Cap: CN¥5.3b

Designs and manufactures HVAC products in China.

VICOM

Market Cap: S$563.8m

An investment holding company, provides motor vehicle inspection; and non-vehicle testing, inspection, and consultancy services in Singapore.

TCM Biotech International

Market Cap: NT$9.4b

A biotech company, engages in the research and development of drugs for liver diseases.

First Copper Technology

Market Cap: NT$15.1b

Produces and sells copper and copper alloy strips in Taiwan and internationally.

Luxchem Corporation Berhad

Market Cap: RM 459.7m

An investment holding company, imports, exports, and distributes petrochemical and other related products in Malaysia and internationally.

Bank MNC Internasional

Market Cap: Rp2.4t

Provides various banking products and services in Indonesia.

Mulpha International Bhd

Market Cap: RM 918.5m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

Tai Sin Electric

Market Cap: S$299.2m

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

ASL Marine Holdings

Market Cap: S$236.7m

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

Ibrahim Fibres

Market Cap: PK₨89.9b

Manufactures and sells polyester staple fiber (PSF) and yarn products in Pakistan, Singapore, and Switzerland.

Vidhi Specialty Food Ingredients

Market Cap: ₹16.7b

Engages in manufacture and trading of synthetic food colors.

Kyungbangco.Ltd

Market Cap: ₩166.2b

Engages in textile spinning and real estate development businesses in South Korea.

HG Metal Manufacturing

Market Cap: S$140.1m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Fortune Mate Indonesia

Market Cap: Rp2.3t

Provides real estate development and construction services in Indonesia.

Jiangsu Lianfa TextileLtd

Market Cap: CN¥3.8b

Engages in the manufacture and sale of textile products in China.

Joyce

Market Cap: AU$156.4m

Joyce Corporation Ltd retails kitchen and wardrobe products in Australia.

Hearts and Minds Investments

Market Cap: AU$757.9m

n/a

YagiLtd

Market Cap: JP¥25.9b

Operates as a fiber trading company in Japan.

Indo Farm Equipment

Market Cap: ₹11.2b

Manufactures and sells agricultural, industrial, and construction equipment in India.

Shimizu Bank

Market Cap: JP¥22.6b

Provides various banking services in Japan.

Procimmo Group

Market Cap: CHF 369.4m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Network People Services Technologies

Market Cap: ₹36.0b

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

Praise Victor Industrial

Market Cap: NT$9.7b

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

Huasi Holding

Market Cap: CN¥2.0b

Operates in the fur industry in China, Europe, Russia, the United States, Japan, South Korea, Hong Kong, and internationally.

Guangdong Tloong Technology GroupLtd

Market Cap: CN¥6.6b

Researches, develops, and sells various printing ink products in China and internationally.

Krishana Phoschem

Market Cap: ₹31.2b

Engages in the manufacture and sale of fertilizers and chemicals under the Annadata and Bharat brands in India.

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.

Energy World

Market Cap: AU$203.9m

An independent energy company, engages in the development, production, and sale of power and liquefied natural gas in the Asia Pacific region.

Bank Ganesha

Market Cap: Rp2.7t

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

First Juken

Market Cap: JP¥15.5b

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

Jagsonpal Pharmaceuticals

Market Cap: ₹14.9b

Engages in the manufacturing, selling, and trading of pharmaceutical products and active pharmaceutical ingredients in India and internationally.