Global Undervalued Dividend Payers

China Tower

Market Cap: HK$205.4b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Telefonaktiebolaget LM Ericsson

Market Cap: SEK 242.0b

Provides mobile connectivity solutions to communications service providers, enterprises, and the public sector.

CK Hutchison Holdings

Market Cap: HK$197.1b

An investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong, Mainland China, Europe, Canada, Asia, Australia, and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥179.8b

Produces and sells alcoholic products in China and internationally.

Capgemini

Market Cap: €21.3b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

New China Life Insurance

Market Cap: CN¥177.9b

Provides life insurance products and services to individuals and institutions in China.

NARI Technology

Market Cap: CN¥176.9b

Provides power intelligence solutions in China and internationally.

OTP Bank Nyrt

Market Cap: Ft8.3t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Shinhan Financial Group

Market Cap: ₩33.6t

Provides financial products and services in South Korea and internationally.

Panasonic Holdings

Market Cap: JP¥3.6t

Research, develops, manufactures, sells, and services various electrical and electronic products worldwide.

Great Wall Motor

Market Cap: HK$184.8b

Engages in the manufacture and sale of automobiles, and automotive parts and components in the People's Republic of China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally.

International Consolidated Airlines Group

Market Cap: UK£17.3b

Engages in the provision of passenger and cargo transportation services in the North Atlantic, Latin America, the Caribbean, Europe, Africa, the Middle East, South Asia, the Asia Pacific, and internationally.

Huntington Bancshares

Market Cap: US$23.3b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

H & M Hennes & Mauritz

Market Cap: SEK 222.4b

Provides clothing, accessories, footwear, cosmetics, home textiles, and homeware for women, men, and children worldwide.

T. Rowe Price Group

Market Cap: US$22.9b

A publicly owned investment manager.

Publicis Groupe

Market Cap: €19.6b

Provides marketing, communications, and digital business transformation services in North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East.

Nokia Oyj

Market Cap: €19.1b

Provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, rest of the Asia Pacific, Europe, the Middle East, and Africa.

Regions Financial

Market Cap: US$22.0b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Associated British Foods

Market Cap: UK£15.8b

Operates as a diversified food, ingredients, and retail company worldwide.

China Coal Energy

Market Cap: HK$165.5b

China Coal Energy Company Limited mines, produces, processes, trades in, and sells coal in the People’s Republic of China and internationally.

QBE Insurance Group

Market Cap: AU$32.3b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Bank of Shanghai

Market Cap: CN¥148.6b

Provides various personal and corporate banking products and services in China.

Fuyao Glass Industry Group

Market Cap: CN¥142.6b

Engages in the provision of safety glass solutions and automotive accessories for various transportation vehicles in China and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥2.8t

Operates as a trust bank in Japan and internationally.

Bank of Beijing

Market Cap: CN¥138.1b

Provides various banking services to personal and corporate customers in China.

China Overseas Land & Investment

Market Cap: HK$148.7b

An investment holding company, engages in the property development, commercial property operations, and other businesses in the People’s Republic of China and the United Kingdom.

Tenaris

Market Cap: €16.2b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Hyundai MobisLtd

Market Cap: ₩26.0t

Engages in the auto parts business in Korea, China, the United States, Europe, and internationally.

Evolution

Market Cap: SEK 177.5b

Develops, produces, markets, and licenses online casino systems to gaming operators in Europe, Asia, North America, Latin America, and internationally.

Coca-Cola HBC

Market Cap: UK£13.8b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

HOCHTIEF

Market Cap: €15.7b

Engages in the construction business worldwide.

Coterra Energy

Market Cap: US$18.1b

An independent oil and gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

Inpex

Market Cap: JP¥2.7t

Engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan and internationally.

Coca-Cola FEMSA. de

Market Cap: US$18.0b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Hua Xia Bank

Market Cap: CN¥129.2b

Provides commercial banking services in China and Hong Kong.

Halliburton

Market Cap: US$17.8b

Provides products and services to the energy industry worldwide.