Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cigniti Technologies

Market Cap: ₹32.5b

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

Mobile Telecommunications

Market Cap: R7.0b

Operates as a mobile telecommunications company in Namibia.

Beijing Hengyu Datacom Aviation Equipment

Market Cap: CN¥4.0b

Beijing Hengyu Datacom Aviation Equipment Co., Ltd.

Zhejiang Haisen Pharmaceutical

Market Cap: CN¥3.6b

Engages in the research, development, production, and sale of pharmaceutical intermediates, active pharmaceutical ingredients, and preparations in China and internationally.

JB Foods

Market Cap: S$225.2m

An investment holding company, engages in the production and sale of cocoa ingredient products primarily in Singapore, Malaysia, Indonesia, the People’s Republic of China, and the United States.

Tigaraksa Satria

Market Cap: Rp4.8t

Engages in the trade and distribution of various consumer products in Indonesia.

Taisun Enterprise

Market Cap: NT$9.2b

Engages in the processing, manufacturing, wholesaling, and retailing of oil, food and beverages, fodder, and soybean flour products in Taiwan.

AzureWave Technologies

Market Cap: NT$9.4b

Engages in the manufacture and sale of wireless connectivity and image processing solutions worldwide.

HG Metal Manufacturing

Market Cap: S$164.8m

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

Yuen Foong Yu Consumer Products

Market Cap: NT$10.6b

Yuen Foong Yu Consumer Products Co., Ltd.

Baotou Tianhe Magnetics Technology

Market Cap: CN¥9.9b

Baotou Tianhe Magnetics Technology Co., Ltd.

Banyan Tree Holdings

Market Cap: S$537.9m

An investment holding company, operates as a hospitality company in Singapore, rest of South East Asia, Indian Oceania, the Middle East, North East Asia, and internationally.

Amir Marketing and Investments in Agriculture

Market Cap: ₪491.1m

Through its subsidiaries, supplies and markets agricultural inputs in Israel.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.1b

Guangdong Transtek Medical Electronics Co., Ltd.

Ilex Medical

Market Cap: ₪616.4m

Engages in the import, marketing, distribution and sale of medical laboratory equipment and various diagnostic products, diagnostic systems, and kits and consumables in Israel, the United States, and internationally.

Tibet Rhodiola Pharmaceutical Holding

Market Cap: CN¥13.0b

Tibet Rhodiola Pharmaceutical Holding Co.

Kanda HoldingsLtd

Market Cap: JP¥18.7b

Through its subsidiaries, operates as a logistics company in Japan and internationally.

Ohashi Technica

Market Cap: JP¥28.2b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, China, Thailand, ASEAN, Europe, Taiwan, and internationally.

Yulie Sekuritas Indonesia

Market Cap: Rp5.3t

Operates as a securities company in Indonesia.

Nusantara Pelabuhan Handal

Market Cap: Rp2.5t

Manages and operates container terminals in Indonesia and internationally.

C. Mer Industries

Market Cap: ₪657.3m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and military technologies.

Changsha Tongcheng HoldingsLtd

Market Cap: CN¥3.2b

Engages in the commercial retail, business in China.

Shenzhen King Explorer Science and Technology

Market Cap: CN¥4.4b

Engages in the research and development, design, manufacture, sales, and service provision of intelligent civil explosive equipment in China and internationally.

Systex

Market Cap: NT$32.7b

Provides various IT services for enterprise and government clients in Taiwan and Asia.

Lelon Electronics

Market Cap: NT$29.1b

Develops, manufactures, markets, trades in, and sells electrolytic capacitors internationally.

Kyung Dong Pharmaceutical

Market Cap: ₩152.0b

Manufactures and sells pharmaceuticals in South Korea.

Te Chang Construction

Market Cap: NT$8.0b

Engages in the construction contracting and civil engineering business in Taiwan and Thailand.

Marusan Securities

Market Cap: JP¥69.4b

Engages in the financial products trading business in Japan.

Envipro Holdings

Market Cap: JP¥33.2b

Through its subsidiaries, engages in the resource recycling, global trading, and lithium-ion battery recycling businesses in Japan and internationally.

Nantong Guosheng Intelligence Technology Group

Market Cap: CN¥4.7b

Nantong Guosheng Intelligence Technology Group Co., Ltd.

Gem-Year IndustrialLtd

Market Cap: CN¥5.9b

Engages in the research, development, production, and sale of fasteners and hardware tools in China, the United States, Japan, Europe, and internationally.

Chongqing Sulian PlasticLtd

Market Cap: CN¥6.1b

Engages in the research and development, production, and sale of automobile parts in China and internationally.

Soracom

Market Cap: JP¥44.6b

Provides Internet of Things (IoT) based cellular connectivity solutions.

Changchai Company

Market Cap: CN¥3.8b

Produces and sells small and medium-sized single cylinder and multi-cylinder diesel engines under the Changchai brand in the People’s Republic of China and internationally.

PharmaResources (Shanghai)

Market Cap: CN¥5.7b

Engages in new drug research, development, and commercial production in China.