Global Undervalued Dividend Payers

Lion Finance Group

Market Cap: UK£3.3b

Through its subsidiaries, provides banking and financial services with focus on the Georgian and Armenian markets.

Oppein Home Group

Market Cap: CN¥32.1b

Operates as a cabinetry manufacturer in Asia.

Haitian International Holdings

Market Cap: HK$34.4b

An investment holding company, engages in the manufacture, distribution, and sale of plastic injection molding machines and related products in Mainland China, Hong Kong, and internationally.

Bumrungrad Hospital

Market Cap: ฿142.7b

Owns and operates hospitals in Thailand and internationally.

Brother Industries

Market Cap: JP¥648.3b

Manufactures and sells communications and printing equipment in Japan, the Americas, Europe, Asia, Oceania, the Middle East, Africa, and internationally.

AIMA Technology Group

Market Cap: CN¥31.5b

Engages in the research and development, production, and sale of electric bicycles, mopeds, and motorcycles in China and internationally.

Samsung SecuritiesLtd

Market Cap: ₩6.1t

Samsung Securities Co., Ltd. operates as a financial investment company in South Korea and internationally.

Worley

Market Cap: AU$6.7b

Provides professional services to energy, chemicals, and resources sectors worldwide.

MeiHua Holdings GroupLtd

Market Cap: CN¥30.9b

A synthetic biology company, provides amino acid nutrition and health solutions in China and internationally.

United Laboratories International Holdings

Market Cap: HK$33.5b

An investment holding company, engages in the research and development, manufacture, distribution, and sale of pharmaceutical products.

China Airlines

Market Cap: NT$128.6b

Provides air transportation services for passengers, cargo, and others.

China Communications Services

Market Cap: HK$33.3b

Together with its subsidiaries provides telecommunications support services worldwide.

Arcadis

Market Cap: €3.6b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

China Nonferrous Mining

Market Cap: HK$33.1b

An investment holding company, engages in the exploration, mining, ore processing, leaching, smelting, and sale of copper and cobalt in Zambia and the Democratic Republic of Congo.

Indofood Sukses Makmur

Market Cap: Rp69.6t

Operates as a food solutions company in Indonesia, the Middle East, Africa, rest of Asia, internationally.

Qfin Holdings

Market Cap: US$4.2b

Qfin Holdings, Inc., together with its subsidiaries, operate AI- driven credit-tech platform under the Qifu Jietiao brand in the People’s Republic of China.

Yunnan Tin

Market Cap: CN¥30.2b

Engages in the production, processing, and export of tin in China and internationally.

Persol HoldingsLtd

Market Cap: JP¥621.0b

Provides human resource services under the PERSOL brand worldwide.

Sankyo

Market Cap: JP¥619.4b

Manufactures and sells game machines and ball bearing supply systems in Japan.

Treasury Wine Estates

Market Cap: AU$6.4b

Operates as a wine company in Australia, the United States, the United Kingdom, and internationally.

Johnson Matthey

Market Cap: UK£3.1b

Engages in the clean air, catalyst and hydrogen technology, and platinum group metals (PGM) service businesses in the United Kingdom, Germany, rest of Europe, the United States, rest of North America, China, rest of Asia, and internationally.

Cabot

Market Cap: US$4.2b

Operates as a specialty chemicals and performance materials company.

DEME Group

Market Cap: €3.6b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Seiko Epson

Market Cap: JP¥609.8b

Develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses.

Aneka Tambang

Market Cap: Rp67.5t

Operates as a diversified metals and mining company in Indonesia.

Keppel DC REIT

Market Cap: S$5.2b

Keppel DC REIT was listed on the Singapore Exchange on 12 December 2014 as the first pure-play data centre REIT in Asia.

Yunnan Chihong Zinc & Germanium

Market Cap: CN¥29.2b

Yunnan Chihong Zinc & Germanium Co., Ltd.

Yifeng Pharmacy Chain

Market Cap: CN¥29.2b

Engages in the retail business of pharmaceutical products in China.

Samsung E&A

Market Cap: ₩5.6t

Provides a range of engineering services for plant and other construction in South Korea, the United States, Asia, the Middle East, and internationally.

California Resources

Market Cap: US$4.0b

Operates as an independent energy and carbon management company in the United States.

Wienerberger

Market Cap: €3.5b

Produces and sells clay blocks, facing bricks, roof tiles, and pavers in Europe West, Europe East, and North America.

Shandong Weigao Group Medical Polymer

Market Cap: HK$31.5b

Engages in the research and development, production, wholesale, and sale of medical devices in the People’s Republic of China and internationally.

Grand Pharmaceutical Group

Market Cap: HK$31.2b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Shanghai M&G Stationery

Market Cap: CN¥28.6b

Provides writing tools, student stationery, office stationery, and other related products in China and internationally.

Mouwasat Medical Services

Market Cap: ر.س14.9b

Engages in the acquisition, management, operation, and maintenance of hospitals, medical centers, drug stores, and pharmacies in the Kingdom of Saudi Arabia.

Nova Ljubljanska Banka d.d

Market Cap: €3.4b

Provides various banking services for retail and corporate clients in Slovenia, South East Europe, and Western Europe.