Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

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

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺5.1b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Dwi Guna Laksana

Market Cap: Rp2.4t

Engages in the coal mining and trading activities in Indonesia.

BIOBIJOULtd

Market Cap: ₩271.4b

Engages in the research, development, manufacturing, and sale of skin booster and filler products in South Korea.

MSC

Market Cap: ₩147.0b

Engages in the research and development, production, marketing, and sale of various food additives in South Korea.

Surya Toto Indonesia

Market Cap: Rp2.4t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Nestlé Pakistan

Market Cap: PK₨321.5b

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

Cahaya Aero Services

Market Cap: Rp4.4t

PT Cardig Aero Services Tbk, together with its subsidiaries, provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Citra Tubindo

Market Cap: Rp3.9t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺6.7b

A real estate investment trust.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺7.4b

Produces and sells various cleaning materials and painting brushes in Turkey and internationally.

Showbox

Market Cap: ₩202.9b

Engages in the investment, production, and distribution of films in South Korea, North America, Asia, Europe, and internationally.

Creative & Innovative System

Market Cap: ₩569.4b

Manufactures and sells equipment for lithium-ion batteries powering IT instruments, EV lithium-ion batteries, fuel cells, solar cells, displays, etc.

Bakrie & Brothers

Market Cap: Rp5.0t

Through its subsidiaries, engages in the trading, construction, agribusiness, coal mining, oil and gas, and telecommunication business in Indonesia and internationally.

Vinacomin - Power Holding

Market Cap: ₫8.8t

Engages in the investment, construction, exploitation, and operation of thermal power and hydroelectric plants, and electronic factories using new energy, renewable energy, power grids, and power supply systems in Vietnam.

Standard Chartered Bank Kenya

Market Cap: KSh101.6b

Provides various banking products and services for individuals and businesses.

Korea Ratings

Market Cap: ₩438.1b

Provides credit rating and business valuation services in South Korea.

Yibin City Commercial Bank

Market Cap: HK$11.9b

Provides banking and financial products and services to small and micro enterprises in the People’s Republic of China.

Neosem

Market Cap: ₩409.3b

Manufactures and sells semiconductor inspection equipment.

First IC

Market Cap: US$172.7m

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States.

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.

National General Insurance (P.J.S.C.)

Market Cap: د.إ1.0b

Engages in underwriting various classes of life and general insurance, and reinsurance businesses in the United Arab Emirates.

Practic

Market Cap: RON 567.2m

Engages in the lease and sublease of real estate properties in Romania.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺15.8b

Provides software development services to public and private organizations in Turkey.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Mark Dynamics Indonesia

Market Cap: Rp2.7t

Manufactures and sells hand former products in Indonesia and internationally.

Miwon Chemicals

Market Cap: ₩159.9b

Develops, manufactures, and sells performance chemicals for use in the rubber, detergent, and personal care industries worldwide.

Bank Ganesha

Market Cap: Rp1.9t

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

Woori Technology Investment

Market Cap: ₩569.2b

A venture capital firm specializing in venture fund, mezzanine fund project fund, venture capital and small & medium companies investments.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.2b

Engages in the production and sale of food products in Turkey.

KNJ

Market Cap: ₩135.8b

Manufactures and sells equipment and parts for display panels and semiconductors in Korea and internationally.

Britam Holdings

Market Cap: KSh17.6b

An investment holding company, provides financial solutions in Kenya, Uganda, Tanzania, Rwanda, South Sudan, Mozambique, and Malawi.

Oriental Precision & EngineeringLtd

Market Cap: ₩271.0b

Oriental Precision & Engineering Co.,Ltd.

Hua Na Hydropower

Market Cap: ₫5.9t

Engages in the electricity generation activities.

Mackolik Internet Hizmetleri Ticaret

Market Cap: ₺4.2b

Mackolik Internet Hizmetleri Ticaret A.S.

Saison Technology

Market Cap: JP¥29.3b

Engages in the system development and operation, and software package businesses in Japan.