Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Chilanga Cement

Market Cap: K6.1b

Engages in the manufacture and sale of cement products in Zambia.

TSTE

Market Cap: ฿4.5b

Primarily engages in the production and distribution of wheat flour in Thailand.

Zambia Sugar

Market Cap: K13.3b

Engages in growing of sugar cane in Zambia, the Democratic Republic of Congo, Kenya, and South Africa.

Nanfang Black Sesame GroupLtd

Market Cap: CN¥4.9b

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

Gulf Insurance Group - Jordan

Market Cap: د.أ96.7m

Engages in the insurance business in Jordan, Middle East, and North Africa region.

Southern Michigan Bancorp

Market Cap: US$107.5m

Operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest and south-central Michigan communities.

Wilson Bank Holding

Market Cap: US$1.8b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in Tennessee.

Practic

Market Cap: RON 736.5m

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

Oakworth Capital

Market Cap: US$159.8m

Operates as a bank holding company for Oakworth Capital Bank that provides range of banking services in the United States.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

Operates as producers and vendors of integrated solutions for the mining market in Chile and internationally.

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Develops, manufactures, and sells medicines in Bulgaria.

Morris State Bancshares

Market Cap: US$260.9m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

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.

Darwin

Market Cap: €87.6m

Operates as a biotechnology company.

Central Finance

Market Cap: LK₨70.4b

Provides various financial solutions primarily in Sri Lanka.

Taiyo KagakuLtd

Market Cap: JP¥33.4b

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

Saint-Gobain Sekurit India

Market Cap: ₹10.1b

Manufactures and sells laminated and tempered automotive glass in India.

TCPL Packaging

Market Cap: ₹31.5b

Manufactures and sells paperboard-based packaging materials and flexible packaging products in India.

Bakrie & Brothers

Market Cap: Rp4.5t

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

Forth Smart Service

Market Cap: ฿4.7b

Provides prepaid mobile top-up services in Thailand.

Anpec Electronics

Market Cap: NT$12.8b

Engages in the design, testing, production, and marketing of mixed-signal power chips and sensors in Taiwan and internationally.

Yuan Cheng CableLtd

Market Cap: CN¥3.6b

Engages in the design, research and development, production, operation, and sales of wire and cable products in China.

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.

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.

Ningbo Henghe Precision IndustryLtd

Market Cap: CN¥5.3b

Ningbo Henghe Precision Industry Co.,Ltd.

Union Gas Holdings

Market Cap: S$176.2m

An investment holding company, provides fuel products in Singapore and Indonesia.

PSC

Market Cap: S$215.4m

Supplies provisions and household consumer products in Singapore, Malaysia, China, and internationally.

Tsubakimoto Kogyo

Market Cap: JP¥49.2b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

Gallant Precision Machining

Market Cap: NT$14.6b

Engages in the research and development, production, manufacture, and sale of flat panel display testing, semiconductor assembly, and intelligent automation equipment in Taiwan, China, and internationally.

Yuken India

Market Cap: ₹14.0b

Engages in the manufacture and sale of oil hydraulic equipment primarily in India.

Zhe Jiang Dayang Biotech Group

Market Cap: CN¥2.7b

Operates as a chemical raw material manufacturing company in China and internationally.

Techno Ryowa

Market Cap: JP¥87.4b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Concord Enviro Systems

Market Cap: ₹12.4b

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

Shandong Longquan Pipe IndustryLtd

Market Cap: CN¥2.7b

Engages in the production, sale, installation, and service of prestressed concrete cylinder pipes and metal pipe fittings in China.

FCE

Market Cap: JP¥18.7b

Through its subsidiaries, engages in the DX promotion, education and training, and publishing businesses in Japan.