Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Shangri-La Hotel

Market Cap: ฿5.7b

Operates hotels in Bangkok and Chiang Mai provinces.

Hollyland (China) Electronics Technology

Market Cap: CN¥2.9b

Engages in the research and development, production, and sale of circuit protection products in China and internationally.

Thai Steel Cable

Market Cap: ฿3.6b

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

Surya Citra Media

Market Cap: Rp21.8t

Provides multimedia services in Indonesia.

Hangzhou Xili Intelligent TechnologyLtd

Market Cap: CN¥2.4b

Hangzhou Xili Intelligent Technology Co.,Ltd.

Lucky Cement

Market Cap: NT$6.1b

Manufactures and sells cement, stone, and other cement-related products in the People’s Republic of China.

Southeast Asia Commercial Bank

Market Cap: ₫48.4t

Provides retail and corporate banking products and services in Vietnam.

Soft-World International

Market Cap: NT$14.7b

Develops, operates, and distributes games in Taiwan and China.

Aesler Grup Internasional

Market Cap: Rp5.3t

Provides architectural and construction management services in Indonesia.

Enviro Infra Engineers

Market Cap: ₹39.6b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.

CYMECHS

Market Cap: ₩174.8b

A tool automation company, engages in the provision of core system components for semiconductor manufacturing in South Korea.

Shenzhen Zhongheng Huafa

Market Cap: CN¥3.1b

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

Toukei Computer

Market Cap: JP¥74.8b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

Imuraya Group

Market Cap: JP¥32.3b

Manufactures and sells various food products in Japan and internationally.

Cita Mineral Investindo

Market Cap: Rp17.3t

Engages in bauxite mining activities in Indonesia.

Saatvik Green Energy

Market Cap: ₹57.5b

Manufactures and sells solar photovoltaic modules in India and internationally.

Fengyinhe Holdings

Market Cap: HK$3.7b

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

Tokyo Tekko

Market Cap: JP¥47.4b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Palasino Holdings

Market Cap: HK$2.1b

Through its subsidiaries, engages in the gaming and hotel businesses in the Czech Republic, Germany, and Austria.

YuanShengTai Dairy Farm

Market Cap: HK$1.3b

A dairy farming company, engages in the production and sale of raw cow milk in the People’s Republic of China.

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.

Mercantil Financeira - Crédito Financiamento e Investimento

Market Cap: R$579.4m

Provides financial solutions in Brazil.

Natural Food International Holding

Market Cap: HK$2.4b

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

Huasi Holding

Market Cap: CN¥2.2b

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

ZHEJIANG DIBAY ELECTRICLtd

Market Cap: CN¥2.9b

Engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally.

SML Mahindra

Market Cap: ₹41.4b

Manufactures and sells commercial vehicles and related parts in India and internationally.

Knowledge Marine & Engineering Works

Market Cap: ₹28.7b

Engages in the ownership, operation, and chartering/hiring of marine crafts in India.

Hua Na Hydropower

Market Cap: ₫5.2t

Engages in the electricity generation activities.

Nestlé Pakistan

Market Cap: PK₨362.2b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Lippo Cikarang

Market Cap: Rp3.0t

Develops real estate and industrial estate projects in Indonesia.

Xiamen Jiarong TechnologyLtd

Market Cap: CN¥3.8b

Manufactures and sells environmental protection equipment.

Marusan Securities

Market Cap: JP¥62.9b

Engages in the financial products trading business in Japan.

Kanda HoldingsLtd

Market Cap: JP¥18.4b

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

Luxchem Corporation Berhad

Market Cap: RM 438.3m

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

Australian United Investment

Market Cap: AU$1.4b

A publicly owned investment manager.