Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

Provides shipbroking services to the oil tanker industry in Singapore and Dubai.

Arab Banking Corporation (B.S.C.)

Market Cap: US$1.1b

Provides wholesale banking services worldwide.

Zhejiang Chinastars New Materials Group

Market Cap: CN¥3.4b

Zhejiang Chinastars New Materials Group Co., Ltd.

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

ShenZhen Click TechnologyLTD

Market Cap: CN¥6.0b

Designs, produces, sells, and services LED lighting power supplies, power battery chargers, communication power supplies, adapters, magnetic components, electric car chargers, charging piles, and others in China and internationally.

Alltek Technology

Market Cap: NT$9.0b

Operates as a communication components distributor and solution provider in Taiwan, China, and internationally.

Champion Building MaterialsLtd

Market Cap: NT$4.3b

Champion Building Materials Co., Ltd., together with its subsidiaries, manufactures and markets ceramics, ceramic products, stone products, fire-resistant materials, and other chemical products.

Nippon Sharyo

Market Cap: JP¥30.4b

Engages in the manufactures and sale of railway rolling stock, transportation equipment, steel structures, and construction equipment; and engineering and other activities in Japan, the United States, Asia, and internationally.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.9b

Researches, develops, produces, and sells black sesame health products in China.

Shenzhen Easttop Supply Chain Management

Market Cap: CN¥5.5b

Shenzhen Easttop Supply Chain Management Co., Ltd.

Zkteco

Market Cap: CN¥5.9b

ZKTeco Co., Ltd. provides biometric verification algorithm techniques, sensors, and software platform worldwide.

Hind Rectifiers

Market Cap: ₹22.6b

Engages in the designs, development, manufacture, and marketing of power semiconductor devices, power electronic equipment, and railway transportation equipment in India and internationally.

Rrp Semiconductor

Market Cap: ₹20.8b

Trades in electronic parts in India.

Ve Wong

Market Cap: NT$9.2b

Produces and distributes foods, drinks, and seasonings in Taiwan, Thailand, and Vietnam.

104

Market Cap: NT$7.6b

Engages in the information technology, general advertising, employment, and human resource consultancy services in Taiwan and internationally.

Tien Phong Plastic

Market Cap: ₫10.7t

Manufactures and trades in plastic pipes for civil and industrial use in Vietnam.

DoshishaLtd

Market Cap: JP¥84.1b

Plans, develops, produces, and sells lifestyle-related products in Japan and internationally.

FALCO HOLDINGS

Market Cap: JP¥23.8b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Anhui Wanyi Science and TechnologyLtd

Market Cap: CN¥2.7b

AnHui Wanyi Science and Technology Co.,Ltd.

Hong Tai Electric Industrial

Market Cap: NT$11.3b

Manufactures, processes, and sells wires and cables, communication products and accessories, and copper foil substrates.

Concord Enviro Systems

Market Cap: ₹12.0b

Engages in the design, manufacture, installation, operation, and maintenance of industrial water and wastewater treatment, and reuse and zero liquid discharge systems and plants.

Taiyo KagakuLtd

Market Cap: JP¥29.8b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Xiangyang Changyuandonggu Industry

Market Cap: CN¥7.5b

Xiangyang Changyuandonggu Industry Co., Ltd.

Wuxi Huadong Heavy Machinery

Market Cap: CN¥7.3b

Manufactures and sells container handling equipment and intelligent CNC machine tools in the People's Republic of China.

Ampire

Market Cap: NT$3.6b

Manufactures and sells liquid crystal display (LCD) modules for industrial applications in the Oceania, Taiwan, Asia, Africa, the Americas, and Europe.

Wison Engineering Services

Market Cap: HK$1.3b

An investment holding company, provides chemical engineering, procurement, and construction management services in Mainland China, the United States, the Middle East, Europe, and internationally.

Jagsonpal Pharmaceuticals

Market Cap: ₹15.4b

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

Central Finance

Market Cap: LK₨53.0b

Provides various financial solutions primarily in Sri Lanka.

CHT Security

Market Cap: NT$11.7b

Provides cybersecurity services.

Ningbo Kangqiang Electronics

Market Cap: CN¥5.7b

Manufactures and sells semiconductor packaging materials in China.

Suzhou Sepax Technologies

Market Cap: CN¥6.7b

Researches, develops, produces, and sells liquid chromatography materials for the separation and purification of biomacromolecules and other drugs worldwide.

Mechema Chemicals International

Market Cap: NT$4.6b

Manufactures, imports, exports, and sells of cobalt and manganese and its compounds in Taiwan, China, Korea, Thailand, Malaysia, Indonesia, and internationally.

Donpon Precision

Market Cap: NT$3.5b

Researches, develops, manufactures, and sells automotive electronic products and plastic precision components in Taiwan and Mainland China.

Zhejiang Fuchunjiang Environmental ThermoelectricLTD

Market Cap: CN¥4.5b

Zhejiang Fuchunjiang Environmental Thermoelectric Co.,LTD.

Wholetech System Hitech

Market Cap: NT$6.7b

Provides system integration services in Taiwan, China, and Singapore.

Xinjiang Torch Gas

Market Cap: CN¥2.4b

Operates as a gas service company in China.