Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

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

Jamuna Bank

Market Cap: ৳15.9b

Provides various banking products and services in Bangladesh.

Jadranski naftovod d.d

Market Cap: €801.1m

Engages in the transport and storage of oil and oil products in the Republic of Croatia and internationally.

Darwin

Market Cap: €96.6m

Operates as a biotechnology company.

Gulf Insurance Group - Jordan

Market Cap: د.أ80.1m

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

Tchaikapharma High Quality Medicines AD

Market Cap: лв1.6b

Engages in the development and manufacture of generic and in-licensed medicines in Bulgaria.

Tohoku Steel

Market Cap: JP¥14.9b

Engages in the manufacturing, processing, and distribution of various types of special steel products in Japan.

Waja

Market Cap: ر.س497.7m

Engages in the construction, media and communication, and information technology businesses.

MAPFRE Middlesea

Market Cap: €137.1m

Provides non-life and life insurance products and services to individuals, small and medium enterprises, professionals, and businesses in Malta.

Keir International

Market Cap: ر.س474.0m

Provides a range of service solutions.

Rrp Semiconductor

Market Cap: ₹21.7b

Trades in electronic parts in India.

Hind Rectifiers

Market Cap: ₹21.9b

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

Kuwait Projects Company Holding K.S.C.P

Market Cap: د.ك418.0m

Through its subsidiaries, operates in the financial services, food, petrochemicals and oil services, media, real estate, and education sectors in Kuwait, rest of the GCC, rest of the Middle East, rest of Asia, rest of North Africa, Europe, and North America.

Shangri-La Hotel

Market Cap: ฿6.3b

Operates hotels in Bangkok and Chiang Mai provinces.

Indofood Agri Resources

Market Cap: S$432.7m

Operates as a vertically integrated agribusiness company in Singapore, Indonesia, China, Nigeria, Timor Leste, and internationally.

DAM Capital Advisors

Market Cap: ₹20.5b

Provides investment banking services.

Network People Services Technologies

Market Cap: ₹41.7b

Develops payments infrastructure for banks, payment aggregators, and merchants in India.

Pizu Group Holdings

Market Cap: HK$1.6b

An investment holding company, engages in the manufactures, trades, and sales of civil explosives in the People's Republic of China and Tajikistan.

Taiyo KagakuLtd

Market Cap: JP¥29.6b

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

Saint-Gobain Sekurit India

Market Cap: ₹10.3b

Manufactures and sells laminated and tempered automotive glass in India.

Pabrik Kertas Tjiwi Kimia

Market Cap: Rp19.3t

Manufactures and sells paper products in Asia, Africa, Europe, the United States, the Middle East, and internationally.

Standard Bank

Market Cap: MK 2.2t

Provides banking and other related services in Malawi.

Bengal & Assam

Market Cap: ₹86.7b

Operates as an investment company in India and internationally.

Oswal Greentech

Market Cap: ₹12.5b

Develops real estate projects in India.

Billion Industrial Holdings

Market Cap: HK$9.5b

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.

Mamata Machinery

Market Cap: ₹11.3b

Mamata Machinery Limited manufacture and sells plastic bag and pouch making systems in India and internationally.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

A'ayan Real Estate Company K.S.C.P

Market Cap: د.ك44.9m

Engages in the real estate development and investment activities in Kuwait and rest of GCC countries.

Al-Deera Holding Company K.P.S.C

Market Cap: د.ك38.7m

A private equity firm specializing in direct and fund investments.

Bharat Rasayan

Market Cap: ₹37.2b

Manufactures and sells technical grade pesticides and intermediates in India.

KP Green Engineering

Market Cap: ₹28.3b

Engages in engineering and manufacture of steel structure in India.

Amanat Holdings PJSC

Market Cap: د.إ2.7b

Engages in the investment in companies and enterprises in the fields of education and healthcare in the United Arab Emirates and internationally.

Kuwait Company for Process Plant Construction and Contracting K.S.C.P

Market Cap: د.ك43.9m

The Kuwait Company for Process Plant Construction and Contracting K.S.C.P.

National Corporation for Tourism and Hotels

Market Cap: د.إ4.6b

Invests in, owns, and manages hotels and leisure complexes in the United Arab Emirates.

Bakrie & Brothers

Market Cap: Rp5.0t

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

Enviro Infra Engineers

Market Cap: ₹40.3b

Engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India.