Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cashmere Valley Bank

Market Cap: US$253.3m

A state chartered bank, provides banking products and services to small and middle-market businesses, and retail customers.

Lion Rock Group

Market Cap: HK$1.0b

An investment holding company, provides printing services to international book publishers, trade, professional, and educational publishing conglomerates, as well as print media companies.

Nanfang Communication Holdings

Market Cap: HK$829.4m

An investment holding company, engages in the manufacturing and sale of optical fiber cables and optical distribution network devices in the People’s Republic of China.

Hayleys

Market Cap: LK₨153.8b

Operates in the manufacturing, agriculture, and services sectors worldwide.

Daphne International Holdings

Market Cap: HK$801.3m

An investment holding company, engages in the licensing, distribution, and sale of footwear products and accessories in Mainland China.

Piccadily Agro Industries

Market Cap: ₹54.0b

Manufactures and develops alcoholic beverages in India.

Palasino Holdings

Market Cap: HK$1.7b

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

Lee's Pharmaceutical Holdings

Market Cap: HK$794.9m

An investment holding company, develops, manufactures, markets, and sells pharmaceutical products in the People's Republic of China, Hong Kong, and internationally.

Billion Industrial Holdings

Market Cap: HK$9.7b

Engages in manufacturing and sales of polyester filament yarns, polyester, polyester industrial yarns, and ES fiber products in the People’s Republic of China and internationally.

Vidhi Specialty Food Ingredients

Market Cap: ₹13.6b

Engages in the manufacture and trading of synthetic food colors.

Hind Rectifiers

Market Cap: ₹25.4b

Designs, develops, manufactures, and markets power semiconductors, power electronic equipment, and railway transportation equipment in India and internationally.

TSTE

Market Cap: ฿4.0b

Primarily engages in the production and distribution of food, ingredients, and confectionery products in Thailand.

Ha Giang Mineral Mechanics

Market Cap: ₫2.7t

Explores, extracts, and process mineral ores, rare ores, metals, and non-ferrous metal ores in Vietnam and internationally.

Hoang Huy Investment Financial Services

Market Cap: ₫13.2t

Engages in the manufacturing, trading, and assembling of motorbikes and cars.

Taiyo KagakuLtd

Market Cap: JP¥49.5b

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

Natural Food International Holding

Market Cap: HK$3.0b

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

HG Metal Manufacturing

Market Cap: S$173.1m

An investment holding company, primarily trades in steel products in Indonesia, Malaysia, Myanmar, and Singapore.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ629.3m

Engages in general insurance and reinsurance business in the United Arab Emirates and internationally.

Tien Phong Plastic

Market Cap: ₫9.9t

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

Southeast Asia Commercial Bank

Market Cap: ₫47.4t

Provides retail and corporate banking products and services in Vietnam.

Insolation Energy

Market Cap: ₹20.5b

Engages in the manufacture and sale of solar panels and modules under INA brand name in India.

Surya Toto Indonesia

Market Cap: Rp2.8t

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

Cahaya Aero Services

Market Cap: Rp4.0t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

Monarch Networth Capital

Market Cap: ₹21.1b

Provides financial services to high-net-worth individuals, mutual funds, institutional investors, foreign institutional investors, financial institutions and corporate clients in India.

Abans Financial Services

Market Cap: ₹10.2b

Operates as a non-banking finance company in India and internationally.

Sakar Healthcare

Market Cap: ₹12.1b

Research, develops, manufactures, and sells pharmaceutical products in India.

Lippo Cikarang

Market Cap: Rp3.2t

Develops real estate and industrial estate projects in Indonesia.

BLS E-Services

Market Cap: ₹12.9b

A technology enabled digital service company, provides assisted E-services and E-governance services in India and internationally.

SML Mahindra

Market Cap: ₹57.3b

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

Surya Citra Media

Market Cap: Rp17.1t

Provides multimedia services in Indonesia.

3B Blackbio Dx

Market Cap: ₹10.8b

Engages in the design, development, manufacturing, and commercialization of molecular diagnostic solutions for infectious diseases, oncology, human genetics and antimicrobial resistance in India.

PINAGO UTAMA

Market Cap: Rp2.4t

Engages in the oil palm and rubber plantation business in Indonesia.

Shipping Corporation of India

Market Cap: ₹110.2b

A marginal liner shipping company, engages in the business of transporting goods in India.

Cairo Amman Bank

Market Cap: د.أ276.0m

Provides various banking and financial services for corporate and institutional customers in Jordan and internationally.

Renaissance Global

Market Cap: ₹10.7b

Manufactures, retails, and trades in jewelry, gems, and diamonds in India and internationally.