Global Materials Potentially Undervalued Companies

NuCoal Resources

Market Cap: AU$3.8m

Engages in the exploration and development of coal mines in Australia.

Indocement Tunggal Prakarsa

Market Cap: US$17.8t

Manufactures and sells cement and ready-mix concrete products in Indonesia and internationally.

Tokai Carbon

Market Cap: US$217.4b

Manufactures and sells carbon-related products and services in Japan.

Petra Diamonds

Market Cap: US$23.7m

Engages in the mining, processing, sorting, and sale of rough diamonds in South Africa and Tanzania.

Tokyo Ohka Kogyo

Market Cap: US$565.5b

Manufactures and sells chemical products and process equipment in Japan and internationally.

Shikoku Kasei Holdings

Market Cap: JP¥99.6b

Engages in the research and development, manufacture, and sale of chemical products and housing materials in Japan and internationally.

Nihon Seikan k.k

Market Cap: JP¥1.7b

Together with its subsidiary, manufactures and sells metal cans in Japan.

Golik Holdings

Market Cap: HK$574.4m

An investment holding company, manufactures and sells metal products and building construction materials in Hong Kong, Macau, Mainland China, and internationally.

Fujian Green Pine

Market Cap: CN¥3.1b

Engages in the research and development, production, and sale of turpentine derivatives.

Aries Agro

Market Cap: ₹5.0b

Engages in the manufacture and supply of micronutrients and other nutritional products for plants and animals in India, Nepal, Brazil, the Philippines, the United Arab Emirates, Taiwan, Australia, Nigeria, New Zealand, and internationally.

Hong Kong Entertainment International Holdings

Market Cap: HK$15.7m

An investment holding company, engages in the manufacturing and sale of tinplates and tinplate packaging products in the People's Republic of China and Hong Kong.

Suparma

Market Cap: Rp1.2t

Manufactures and sells paper and related paper products in Indonesia.

Formosa Chemicals & Fibre

Market Cap: NT$171.4b

Produces and sells petrochemical products, nylon fibers, and rayon staple fibers in Taiwan and internationally.

Ningbo ShanshanLtd

Market Cap: CN¥31.9b

Provides lithium battery materials in China and internationally.

DONGBANGRO

Market Cap: ₩76.7b

Produces and sells pesticides and fertilizers in South Korea.

Guangzhou Lushan New Materials

Market Cap: CN¥3.4b

Manufactures and sells functional polymer materials worldwide.

Sirakorn

Market Cap: ฿276.0m

Engages in the manufacture and distribution of concrete products in Thailand.

Grange Resources

Market Cap: AU$272.0m

Owns and operates integrated iron ore mining and pellet production business in Australia and internationally.

Daoming Optics&ChemicalLtd

Market Cap: CN¥6.7b

Engages in the research and development, production, and sale of reflective materials and products worldwide.

Shandong Link Science and TechnologyLtd

Market Cap: CN¥4.8b

Shandong Link Science and Technology Co.,Ltd.

Guangxi Fenglin Wood Industry GroupLtd

Market Cap: CN¥2.6b

Engages is the production and sale of wood-based panels, and afforestation business in China.

An Cuong Wood - Working

Market Cap: ₫5.4t

Manufactures and trades in wooden household products, industrial wooden items, artificial boards, interior decoration products, kitchen equipment, and other wooden related products in Vietnam and internationally.

MSC

Market Cap: ₩177.9b

Engages in the research and development, production, marketing, and sale of various food additives in South Korea.

AMD Industries

Market Cap: ₹1.1b

Provides packing solutions in India and internationally.

Luxi Chemical Group

Market Cap: CN¥26.9b

Manufactures and sells chemical and fertilizer products.

North PetroVietnam Fertilizer & Chemicals

Market Cap: ₫130.8b

Engages in the retail and wholesale of fertilizers in Vietnam.

Bac Kan Mineral

Market Cap: ₫652.6b

Primarily engages in exploiting, mining, producing, trading, and export of minerals, ferrous and non-ferrous metals, and rare precious metals in Vietnam.

Hangzhou Huawang New Material TechnologyLtd

Market Cap: CN¥5.1b

Hangzhou Huawang New Material Technology Co.,Ltd.

Shandong Jinling Mining

Market Cap: CN¥5.0b

Engages in the iron ore mining business in China.

Aditya Ispat

Market Cap: ₹52.9m

Engages in the manufacture and sale of bright steel bars and wires in India.

Nova Iron & Steel

Market Cap: ₹568.8m

Manufactures and trades in iron and steel products, and metals in India and internationally.

Guangdong Zhongnan Iron and Steel

Market Cap: CN¥6.5b

Guangdong Zhongnan Iron and Steel Co., Ltd.

Clover

Market Cap: AU$114.4m

Engages in the production, refining, and sale of natural oils and encapsulated powders in Australia, New Zealand, Asia, Europe, the Middle East, and the Americas.

Natoco

Market Cap: JP¥12.7b

Manufactures and sells paints, inks, fine chemicals, synthetic resins, and related products in Japan.

Shenzhen Noposion Crop Science

Market Cap: CN¥12.6b

Researches and develops, manufactures, distributes and provides technical services for pesticides and fertilizers in China and internationally.

King's Metal Fiber Technologies

Market Cap: NT$1.2b

King's Metal Fiber Technologies Co., Ltd.