Global Undiscovered Gems With Strong Fundamentals

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.

Compañía Electro Metalúrgica

Market Cap: CL$328.9b

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

Alembic

Market Cap: ₹29.7b

Engages in real estate business in India and internationally.

Amanat Holdings PJSC

Market Cap: د.إ2.6b

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

Enviro Infra Engineers

Market Cap: ₹38.5b

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.

Vidhi Specialty Food Ingredients

Market Cap: ₹21.1b

Engages in manufacture and trading of synthetic food colors.

Indo Tech Transformers

Market Cap: ₹21.3b

Manufactures and distributes transformers in India and internationally.

Hayleys

Market Cap: LK₨121.1b

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

Bharat Rasayan

Market Cap: ₹37.3b

Manufactures and sells technical grade pesticides and intermediates in India.

Bajel Projects

Market Cap: ₹25.1b

Engages in the engineering, procurement, and construction business in the power transmission and distribution sectors in India and internationally.

ManpowerGroup Greater China

Market Cap: HK$888.1m

An investment holding company, provides workforce solutions and services in the People’s Republic of China, Hong Kong, Macau, and Taiwan.

TCPL Packaging

Market Cap: ₹34.1b

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

National Corporation for Tourism and Hotels

Market Cap: د.إ4.4b

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

Yulie Sekuritas Indonesia

Market Cap: Rp4.3t

Operates as a securities company in Indonesia.

AGI Infra

Market Cap: ₹21.3b

Agi Infra Limited, together with its subsidiary, engages in the real estate and construction businesses in India.

Li Ming Development Construction

Market Cap: NT$5.0b

Li Ming Development Construction Co., Ltd.

Mark Dynamics Indonesia

Market Cap: Rp2.8t

Manufactures and sells hand former products in Indonesia and internationally.

Insolation Energy

Market Cap: ₹57.8b

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

Saha-Union

Market Cap: ฿8.6b

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

Eclatorq Technology

Market Cap: NT$3.3b

Manufactures and sells hand tools in Taiwan.

Sky Gold and Diamonds

Market Cap: ₹58.9b

Designs, manufactures, assembles, cuts, polishes, markets, and sells gold and silver jewelry in India.

Citra Tubindo

Market Cap: Rp4.7t

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

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.

Vasa Denticity

Market Cap: ₹10.2b

Trades in dental products in India.

Nestlé Pakistan

Market Cap: PK₨317.8b

Manufactures, processes, and sells dairy, nutrition, beverages, and food products in Pakistan, Afghanistan, the United States, and internationally.

Shenzhen Coship Electronics

Market Cap: CN¥7.6b

Engages in the manufacture and sale of smart home products and services worldwide.

Central Finance

Market Cap: LK₨54.6b

Provides various financial solutions primarily in Sri Lanka.

Bakrie & Brothers

Market Cap: Rp4.9t

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

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.

Surya Toto Indonesia

Market Cap: Rp2.4t

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

Krishana Phoschem

Market Cap: ₹30.2b

Engages in the manufacture and sale of fertilizers and chemicals in India.

AB Vilkyskiu pienine

Market Cap: €133.2m

Engages in the production and sale of dairy products in Lithuania, the rest of the European Union, and internationally.

Dwi Guna Laksana

Market Cap: Rp2.4t

Engages in the coal mining and trading activities in Indonesia.

Indo Amines

Market Cap: ₹11.0b

Engages in the manufacture, distribution, and sale of fine and specialty chemicals in India and internationally.

Bank MNC Internasional

Market Cap: Rp2.3t

Provides various banking products and services in Indonesia.

Shanghai Pioneer Holding

Market Cap: HK$2.5b

An investment holding company, engages in marketing, promotion and channel management of pharmaceutical products and medical devices primarily in the People’s Republic of China.