Global Undiscovered Gems With Strong Fundamentals

Vantage

Market Cap: US$140.6m

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

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺7.4b

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

MSC

Market Cap: ₩147.0b

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

BIOBIJOULtd

Market Cap: ₩271.4b

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

Dwi Guna Laksana

Market Cap: Rp2.4t

Engages in the coal mining and trading activities in Indonesia.

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.

Neosem

Market Cap: ₩409.3b

Manufactures and sells semiconductor inspection equipment.

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺9.6b

Kerevitas Gida Sanayi ve Ticaret A.S. produces and trades in frozen and canned products in Turkey.

Citra Tubindo

Market Cap: Rp3.9t

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

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.

Quality Reliability Technology

Market Cap: ₩156.1b

Provides semiconductor reliability evaluation and defect analysis services in South Korea and internationally.

KNJ

Market Cap: ₩135.8b

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

Standard Chartered Bank Kenya

Market Cap: KSh101.6b

Provides various banking products and services for individuals and businesses.

Vakif Gayrimenkul Yatirim Ortakligi

Market Cap: ₺6.7b

A real estate investment trust.

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.

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.

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

Market Cap: ₺4.2b

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

Britam Holdings

Market Cap: KSh17.6b

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

Bank Ganesha

Market Cap: Rp1.9t

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

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

Market Cap: ₺4.0b

Engages in the production and sale of cotton and synthetic yarn in Turkey and internationally.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Miwon Chemicals

Market Cap: ₩159.9b

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

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.

Bosch Fren Sistemleri Sanayi ve Ticaret

Market Cap: ₺5.1b

Bosch Fren Sistemleri Sanayi ve Ticaret A.S.

Korea Ratings

Market Cap: ₩438.1b

Provides credit rating and business valuation services in South Korea.

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.

Practic

Market Cap: RON 567.2m

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

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.

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.

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.

MIA Teknoloji Anonim Sirketi

Market Cap: ₺15.8b

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

Mark Dynamics Indonesia

Market Cap: Rp2.7t

Manufactures and sells hand former products in Indonesia and internationally.

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.

Asian Terminals

Market Cap: ₱46.9b

Operates and manages the South Harbor Port of Manila and the Port of Batangas in Batangas City in the Philippines.