Global Undiscovered Gems With Strong Fundamentals

Fourth Milling

Market Cap: ر.س2.3b

Engages in the production of flour, feed, bran, and wheat derivatives in the Kingdom of Saudi Arabia and internationally.

Kingstone Companies

Market Cap: US$219.7m

Through its subsidiary, Kingstone Insurance Company, provides property and casualty insurance products in the United States.

Total Energy Services

Market Cap: CA$943.8m

Operates as an energy services company primarily in Canada, the United States, Australia, and internationally.

Nippon Carbide Industries

Market Cap: JP¥31.1b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Magnate Technology

Market Cap: NT$3.2b

Manufactures and sells aircraft, machinery and equipment, and general instrument components and other related products in Taiwan, Japan, and internationally.

IVE Group

Market Cap: AU$375.0m

Engages in the marketing business in Australia.

Transcend Information

Market Cap: NT$138.5b

Engages in manufacturing, processing, and trading of computer software and hardware, peripheral equipment, and computer parts in Taiwan, rest of Asia, the United States, Europe, and internationally.

Xianheng International Science&Technology

Market Cap: CN¥7.9b

Xianheng International Science&Technology Co., Ltd.

Dat Xanh Real Estate Services

Market Cap: ₫4.2t

Provides real estate trading and brokerage services in Vietnam.

CTI Logistics

Market Cap: AU$152.5m

Engages in the provision of transport and logistics services in Australia.

Base

Market Cap: JP¥54.7b

Engages in the computer software development and related work in Japan.

Shengda ResourcesLtd

Market Cap: CN¥20.3b

Through its subsidiaries, engages in the mining development, resource trading, and investment management businesses in China.

Taliworks Corporation Berhad

Market Cap: RM 796.2m

An investment holding company, operates, manages, and maintains water treatment plants in Malaysia.

CNMC Goldmine Holdings

Market Cap: S$478.2m

An investment holding company, engages in the exploration and mining of gold deposits in Malaysia.

Sing Investments & Finance

Market Cap: S$373.6m

Provides financing and related nominee services to individuals and corporations in Singapore.

Zhejiang Jolly PharmaceuticalLTD

Market Cap: CN¥9.4b

Engages in the research, production, and marketing of Chinese medicinal products in the People’s Republic of China and internationally.

GROUPE SFPI

Market Cap: €189.9m

Designs, manufactures, and markets equipment for the safety industry in Europe and internationally.

DeHua TB New Decoration MaterialLtd

Market Cap: CN¥10.1b

Produces and sells environmentally friendly furniture panels in China and internationally.

Decora

Market Cap: zł759.4m

Engages in the production, distribution, sale, and export of flooring products and accessories in Poland.

CF Bankshares

Market Cap: US$184.4m

Operates as the bank holding company for CFBank, National Association that provides various banking products and services.

Raya Holding Company for Financial Investments (S.A.E)

Market Cap: ج.م32.3b

Operates in information technology, data center outsourcing, contact center, smart buildings, consumer electronics, food and beverage, land transport, E-payments, and non-banking financial services fields in Egypt and internationally.

Cybozu

Market Cap: JP¥113.9b

Engages in the development, sale, and operation of groupware in Japan.

Hyundai Home Shopping Network

Market Cap: ₩855.2b

Operates as an online shopping company in South Korea.

FINDEX

Market Cap: JP¥20.4b

Offers medical devices in Japan.

Henan Lingrui Pharmaceutical

Market Cap: CN¥12.3b

Engages in the research, development, production, and sale of drugs in China.

Henan Zhongfu IndustrialLtd

Market Cap: CN¥27.9b

Processes, manufactures, and sells electrolytic aluminum and aluminum products in China.

Nampak

Market Cap: R4.0b

Engages in the manufacture and sale of packaging products in South Africa and rest of Africa.

Vector

Market Cap: JP¥66.0b

Engages in the public relations (PR) and advertising, press release distribution, video release distribution, direct marketing, media, investment, and human resources businesses in Japan, China, and internationally.

SPRIX

Market Cap: JP¥19.1b

Engages in the cram school and educational businesses in Japan.

Polaris Holdings

Market Cap: JP¥39.1b

Operates a chain of hotels in Japan.

WPIL

Market Cap: ₹41.2b

Engages in designing, developing, manufacturing, erecting, commissioning, and servicing pumps and pumping systems in India and internationally.

Beijing Chunlizhengda Medical Instruments

Market Cap: HK$6.1b

Beijing Chunlizhengda Medical Instruments Co., Ltd.

AddLife

Market Cap: SEK 18.7b

Provides instruments and equipment, consumables, and reagents primarily to medical care, research, colleges, and universities, as well as the food and pharmaceutical industries.

Integrated Diagnostics Holdings

Market Cap: US$308.1m

A consumer healthcare company, provides medical diagnostics services to patients.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

GDEV

Market Cap: US$233.2m

Develops and publishes online games in the United States, Europe, Asia, and internationally.