Global Undiscovered Gems With Strong Fundamentals

Invest Bank

Market Cap: د.أ225.0m

Provides various banking and related financial services in Jordan.

Cigniti Technologies

Market Cap: ₹32.5b

Provides digital assurance and software testing services in India, the United States of America, and internationally.

Al Wathba National Insurance Company PJSC

Market Cap: د.إ641.7m

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

Soliton Systems K.K

Market Cap: JP¥39.6b

Engages in the development and sale of IT security-related products in Japan, the United States, and internationally.

Shanghai Fortune Techgroup

Market Cap: CN¥8.7b

Provides semiconductor products and solutions in China.

Vietnam National Reinsurance

Market Cap: ₫4.1t

Engages in providing inward and outward reinsurance services in Vietnam and internationally.

Shuz Tung Machinery Industrial

Market Cap: NT$13.5b

Manufactures and sells machinery and automation equipment in Taiwan.

Jetwell Computer

Market Cap: NT$8.1b

Engages in manufacturing of computers and peripheral equipment in China, Taiwan, and internatinally.

YagiLtd

Market Cap: JP¥36.5b

Together its subsidiaries, operates as a fiber trading company in Japan.

Powerica

Market Cap: ₹69.8b

Manufactures, supplies, installs, and services diesel generator sets and provides engineering, procurement, and construction services for renewable energy projects.

National Petroleum

Market Cap: NT$17.2b

Engages in the gas stations business in Taiwan.

Deep Source Holdings

Market Cap: HK$10.5b

An investment holding company, engages in the processing, distribution, and trading of bulk commodities and related products in the People’s Republic of China, Hong Kong, and Singapore.

Mr Max Holdings

Market Cap: JP¥23.9b

Operates discount stores in Japan.

Asian Granito India

Market Cap: ₹18.5b

Engages in the manufacture and trade of tiles, marbles, and related products in India.

Danang Port

Market Cap: ₫2.9t

Offers port services in Vietnam.

China Bohai Bank

Market Cap: HK$15.1b

Provides financial service solutions to enterprises and public institutions in the People’s Republic of China.

SML Mahindra

Market Cap: ₹55.8b

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

Hangzhou Fortune Gas Cryogenic Group

Market Cap: CN¥5.9b

Hangzhou Fortune Gas Cryogenic Group Co., Ltd.

Bonraybio

Market Cap: NT$3.8b

A development stage company, manufactures medical instruments and solutions for the male infertility market.

Oshidori International Holdings

Market Cap: HK$14.2b

An investment holding company, provides financial services in Hong Kong.

PAN Group

Market Cap: ₫6.8t

Engages in agricultural, food, financial investment, and other related activities in Vietnam and internationally.

Ubiquoss Holdings

Market Cap: ₩236.5b

Manufactures and sells wired Internet data transmission equipment, such as Ethernet switch, FTTH (fiber-to-the-home) solutions, and VDSL2 equipment.

Orient Pharma

Market Cap: NT$5.4b

Engages in the development of new drugs in Taiwan and internationally.

Tianjin Port Holdings

Market Cap: CN¥12.7b

Engages in the cargo loading and unloading activities in China.

PINAGO UTAMA

Market Cap: Rp2.7t

PT PINAGO UTAMA Tbk is involved in the oil palm and rubber plantation business in Indonesia.

Britam Holdings

Market Cap: KSh32.4b

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

Systex

Market Cap: NT$35.4b

Provides various IT services for enterprise and government clients in Taiwan and Asia.

Waffer Technology

Market Cap: NT$8.4b

Engages in the production and sale of magnesium aluminum alloy molded products in the Mainland of China, Taiwan, Vietnam, Germany, the United States, and internationally.

Wan Hwa Enterprise

Market Cap: NT$4.6b

Engages in the real estate business in Taiwan.

Ascentech K.K

Market Cap: JP¥21.3b

Provides virtual desktop infrastructure (VDI) and IT infrastructure solutions in Japan.

Saha-Union

Market Cap: ฿7.9b

Engages in plastic, rubber and metal, chemicals, trading, energy, hotel, investment, and other businesses.

Zhe Kuang Heavy IndustryLtd

Market Cap: CN¥3.2b

Provides large-scale mining machinery and equipment, resource recycling, and utilization equipment in China and internationally.

Qiming Information TechnologyLtd

Market Cap: CN¥7.2b

Provides enterprise digital operation, smart car and intelligent connectivity, and cloud solutions primarily in China.

FALCO HOLDINGS

Market Cap: JP¥25.2b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

AB Akola Group

Market Cap: €280.7m

Through its subsidiaries, engages in the production, preparation, and sale of agricultural and food products in Lithuania, Scandinavian, rest of Europe, Africa, Asia, and CIS countries.

ABICO Asia Capital

Market Cap: NT$6.3b

Engages in the investment activities.