Global Materials Potentially Undervalued Companies

Eagon Industrial

Market Cap: ₩48.9b

Manufactures and supplies plywood and flooring products.

Ningbo ShanshanLtd

Market Cap: CN¥31.9b

Provides lithium battery materials in China and internationally.

K I C Metaliks

Market Cap: ₹1.1b

Engages in the manufacture and sale of iron and steel, and allied products in India.

MS Group Holdings

Market Cap: HK$198.2m

An investment holding company, engages in the production and sale of plastic and stainless steel sports bottles, and baby feeding accessories in the United States, Italy, the People’s Republic of China, and internationally.

Ha Giang Mineral Mechanics

Market Cap: ₫4.0t

Explores, extracts, and process mineral ores in Vietnam and internationally.

Shandong Iron and Steel

Market Cap: CN¥15.5b

Provides iron and steel products in China.

Hung Hing Printing Group

Market Cap: HK$835.0m

An investment holding company, engages in book and package printing, consumer product packaging, corrugated box, and paper trading businesses in the People’s Republic of China, the United States, Hong Kong, the United Kingdom, and internationally.

Shenzhen King Explorer Science and Technology

Market Cap: CN¥4.7b

Researches, designs, develops, manufactures, and sells intelligent equipment systems to civil explosive production and blasting service companies in China and internationally.

Guangzhou Jointas Chemical

Market Cap: CN¥2.5b

Engages in the research, development, production, and sale of sealants and coatings in the People’s Republic of China.

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.

Vulcan Energy Resources

Market Cap: AU$1.4b

Engages in the geothermal energy, and lithium exploration and production activities in Europe, Germany, and Australia.

Stone One

Market Cap: ฿390.1m

Produces and distributes industrial stone products in Thailand.

Tokyo Tekko

Market Cap: JP¥51.4b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Orezone Gold

Market Cap: AU$860.8m

Engages in the mining, exploration, and development of gold properties.

Luxi Chemical Group

Market Cap: CN¥26.9b

Manufactures and sells chemical and fertilizer products.

Cahya Mata Sarawak Berhad

Market Cap: RM 1.3b

An investment holding company, engages in the manufacture and trading of cement and construction materials in Malaysia and internationally.

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.

Taiyo KagakuLtd

Market Cap: JP¥38.4b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Ruchira Papers

Market Cap: ₹4.2b

Manufactures and markets kraft paper, and writing and printing paper products in India and internationally.

Jiangsu Zhengdan Chemical Industry

Market Cap: CN¥11.5b

Jiangsu Zhengdan Chemical Industry Co., Ltd.

DONGBANGRO

Market Cap: ₩76.7b

Produces and sells pesticides and fertilizers in South Korea.

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.

China Tianrui Group Cement

Market Cap: HK$1.0b

An investment holding company, engages in the manufacture and sale of cement, clinker, and limestone aggregates in the People’s Republic of China.

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.

Nova Iron & Steel

Market Cap: ₹568.8m

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

Hangzhou Huawang New Material TechnologyLtd

Market Cap: CN¥5.1b

Hangzhou Huawang New Material Technology Co.,Ltd.

North PetroVietnam Fertilizer & Chemicals

Market Cap: ₫130.8b

Engages in the retail and wholesale of fertilizers in Vietnam.

Aditya Ispat

Market Cap: ₹52.9m

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

Asia-potash International Investment (Guangzhou)Co.Ltd

Market Cap: CN¥34.5b

Asia-Potash International Investment (Guangzhou)Co.,Ltd., together with its subsidiaries, engages in the research, development, processing, production, and sale of potash fertilizers in China and internationally.

DuPont de Nemours

Market Cap: Mex$31.9b

Provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa.

Treatt

Market Cap: €159.6m

Manufactures and supplies various natural extracts and ingredients to beverage, flavor, fragrance, and consumer goods markets.

Arkema

Market Cap: €4.1b

Manufactures and sells specialty materials in Europe, the United States, Canada, Mexico, China, Hong Kong, Taiwan, and internationally.

Nexa Resources AtacochaA

Market Cap: S/155.0m

Operates as a mining company worldwide.

Fuchs

Market Cap: €4.6b

Develops, produces, and distributes lubricants and functional fluids in Europe, the Middle East, Africa, the Asia Pacific, and North and South America.

Marshalls

Market Cap: €431.9m

Manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally.