Global Undervalued Dividend Payers

Loncin Motor

Market Cap: CN¥27.8b

Manufactures and sells generating sets, agricultural machinery equipment, light-duty power units, and two-wheeled motorcycles in Japan and internationally.

Bluestar Adisseo

Market Cap: CN¥27.5b

Engages in the research, development, production, and sale of feed additives for animal nutrition worldwide.

Korn Ferry

Market Cap: US$3.8b

Engages in the provision of organizational consulting services worldwide.

Doosan Bobcat

Market Cap: ₩5.3t

Engages in the design, manufacturing, marketing, and distribution of compact construction equipment in North America, Europe, the Middle East, Africa, Asia, Latin America, and the Oceania.

Trimegah Bangun Persada

Market Cap: Rp62.5t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing business in China, Switzerland, Sweden, and Indonesia.

Toyo Tire

Market Cap: JP¥562.7b

Manufactures and sells tires in Japan, North America, and internationally.

Huhtamäki Oyj

Market Cap: €3.2b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Hisense Visual Technology

Market Cap: CN¥26.9b

Engages in the research and development, production, and sales of display chips and products in China and internationally.

Jointown Pharmaceutical Group

Market Cap: CN¥26.8b

Provides pharmaceutical supply chain services in China.

Chongqing Brewery

Market Cap: CN¥26.8b

Produces and sells beers products in China.

MediPal Holdings

Market Cap: JP¥549.8b

Medipal Holdings Corporation engages in the prescription pharmaceutical wholesale business in Japan.

Inner Mongolia MengDian HuaNeng Thermal Power

Market Cap: CN¥26.5b

Engages in thermal power generation business.

Thai Life Insurance

Market Cap: ฿119.1b

Provides life insurance products and services in Thailand.

Macy's

Market Cap: US$3.6b

An omni-channel retail organization, operates stores, websites, and mobile applications in the United States.

Robert Half

Market Cap: US$3.6b

Provides talent solutions and business consulting services in the United States and internationally.

Kemira Oyj

Market Cap: €3.1b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Santen Pharmaceutical

Market Cap: JP¥528.5b

Engages in the research and development, manufacturing, and marketing of pharmaceuticals and medical devices in Japan, China, Asia, Europe, the Middle East, Africa, and internationally.

Mainfreight

Market Cap: NZ$6.0b

Provides supply chain logistics services in New Zealand, Australia, the Americas, Europe, and Asia.

Ultrapar Participações

Market Cap: R$19.2b

Through its subsidiaries, operates in the energy and infrastructure business in Brazil.

Neway Valve (Suzhou)

Market Cap: CN¥25.4b

Researches, develops, produces, and sells industrial valves in the People’s Republic of China and internationally.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥25.1b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Yunda Holding Group

Market Cap: CN¥25.1b

Provides express delivery services in China.

Hankook Tire & Technology

Market Cap: ₩4.7t

Manufactures and sells tires worldwide.

Fulton Financial

Market Cap: US$3.4b

Operates as the bank holding company for Fulton Bank that provides banking and financial products and services in the United States.

TBC Bank Group

Market Cap: UK£2.5b

Through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.

Anjoy Foods Group

Market Cap: CN¥24.0b

Engages in the research, development, processing, production, wholesaling, retailing, and sale of quick-frozen food products.

Sinoma International EngineeringLtd

Market Cap: CN¥24.0b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Mitsubishi Gas Chemical Company

Market Cap: JP¥488.8b

Manufactures and sells basic and fine chemicals, and functional materials in Japan.

BNK Financial Group

Market Cap: ₩4.6t

Provides various financial products and services in South Korea and internationally.

Cathay General Bancorp

Market Cap: US$3.3b

Operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States.

Hugo Boss

Market Cap: €2.8b

Provides apparels, shoes, and accessories for men and women worldwide.

Drax Group

Market Cap: UK£2.4b

Engages in renewable power generation in the United Kingdom.

TEGNA

Market Cap: US$3.2b

Operates as a journalism company in the United States.

Signify

Market Cap: €2.8b

Provides lighting products, systems, and services in Europe, the Americas, and internationally.

Eastern Air Logistics

Market Cap: CN¥23.0b

Provides air express, comprehensive ground, and multimodal transport services.

HORIBA

Market Cap: JP¥470.4b

Manufactures and sells instruments and systems in worldwide.