Global Materials Potentially Undervalued Companies

Thai Metal Drum Manufacturing

Market Cap: ฿3.8b

Manufactures and distributes metal drums and plastic products in Thailand and internationally.

Shandong Sinocera Functional Material

Market Cap: CN¥22.2b

Shandong Sinocera Functional Material Co., Ltd.

Indian Metals and Ferro Alloys

Market Cap: ₹62.7b

Engages in the production and sale of ferro chrome in India and internationally.

JK Lakshmi Cement

Market Cap: ₹106.9b

Manufactures and supplies cement in India.

North Chemical Industries

Market Cap: CN¥11.6b

Manufactures and sells nitrocellulose products in China.

Heubach Colorants India

Market Cap: ₹13.7b

Engages in the manufacture and sale of specialty chemicals in India and internationally.

MMG

Market Cap: HK$75.9b

An investment holding company, engages in the exploration, development, and mining of mineral properties.

Darma Henwa

Market Cap: Rp10.7t

Engages in mining support and other excavation activities, and machine repair for special purposes in Indonesia.

Jubilant Ingrevia

Market Cap: ₹105.9b

Engages in life science products and solutions in India, the United States, Europe, China and internationally.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

P.S.P. Specialties

Market Cap: ฿6.9b

Manufactures and sells lubricant and grease oils in Thailand and internationally.

Stanley Agriculture GroupLtd

Market Cap: CN¥10.5b

Engages in the research and development, production and sale of compound fertilizers in China.

BBMG

Market Cap: CN¥17.0b

An investment holding company, engages in green building materials, and property development and operation businesses in Asia, Europe, Africa, and internationally.

S H Kelkar

Market Cap: ₹33.0b

Manufactures and supplies fragrances, flavors, and aroma ingredients in India.

CMOC Group

Market Cap: HK$319.2b

Engages in the mining, dressing, and smelting of base and rare metals in China, Brazil, the Democratic Republic of the Congo, Switzerland, and internationally.

Turaco Gold

Market Cap: US$472.9m

Engages in the mineral exploration of gold deposits in Cote d’Ivoire.

South32

Market Cap: US$11.9b

Operates as a diversified metals and mining company.

Shanghai Chlor-Alkali Chemical

Market Cap: CN¥9.5b

Manufactures and sells chemical products in China and internationally.

Zhengye International Holdings

Market Cap: HK$197.5m

An investment holding company, engages in the manufacture and sale of paper, paperboard, and paper-based packaging products in the People’s Republic of China.

MSP Steel & Power

Market Cap: ₹21.2b

Manufactures and trades for the sale of iron and steel products in India and internationally.

M M Forgings

Market Cap: ₹15.6b

Manufactures and sells steel forgings in India.

Asahi Songwon Colors

Market Cap: ₹3.4b

Manufactures and sells color pigments and derivatives in India.

Zhuzhou Times New Material Technology

Market Cap: CN¥14.3b

Zhuzhou Times New Material Technology Co., Ltd.

CMOC Group

Market Cap: HK$319.2b

Engages in the mining, dressing, and smelting of base and rare metals in China, Brazil, the Democratic Republic of the Congo, Switzerland, and internationally.

China Oriental Group

Market Cap: HK$4.9b

Manufactures and sells iron and steel products for downstream steel manufacturers in the People’s Republic of China.

United Paper

Market Cap: ฿5.0b

Engages in the production and distribution of box surface paper and Kraft paper for packaging corrugated boxes in Thailand.

Jindal Steel

Market Cap: ₹1.1t

Operates in the steel, mining, and infrastructure sectors in India and internationally.

Prestar Resources Berhad

Market Cap: RM 117.4m

An investment holding company, manufactures and trades in steel related products primarily in Malaysia.

Godawari Power & Ispat

Market Cap: ₹172.2b

Engages in the mining of iron ores in India.

Lee & Man Chemical

Market Cap: HK$4.2b

An investment holding company, manufactures and sells chemical products in the People’s Republic of China.

Jinduicheng Molybdenum

Market Cap: CN¥47.8b

Engages in the provision of molybdenum worldwide.

Sagardeep Alloys

Market Cap: ₹444.0m

Engages in the manufacturing and trading of various copper and copper alloys products in India.

Shandong Bohui Paper IndustryLtd

Market Cap: CN¥6.0b

Researches, develops, produces, sells, imports, and exports paper products in China.

Seng Fong Holdings Berhad

Market Cap: RM 552.1m

An investment holding company, processes and sells natural rubber to tyre manufactueres in Malaysia, rest of Asia, Europe, and Oceania.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Chembond Material Technologies

Market Cap: ₹2.3b

Manufactures, sells, and trades specialty chemicals in India and internationally.