Global Materials Potentially Undervalued Companies

Malaysia Smelting Corporation Berhad

Market Cap: RM 1.1b

An investment holding company, engages in the smelting tin concentrates and tin bearing materials primarily in Malaysia.

MSP Steel & Power

Market Cap: ₹21.2b

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

Ishihara Sangyo KaishaLtd

Market Cap: JP¥89.9b

Manufactures and sells organic and inorganic chemicals in Japan, Asia, the United States, Europe, and internationally.

M M Forgings

Market Cap: ₹15.6b

Manufactures and sells steel forgings in India.

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.

Shanghai Chlor-Alkali Chemical

Market Cap: CN¥9.5b

Manufactures and sells chemical products in China and internationally.

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.

Wuzhou Special Paper Group

Market Cap: CN¥5.6b

Researches and develops, manufactures, and sells special paper in China.

P.S.P. Specialties

Market Cap: ฿6.9b

Manufactures and sells lubricant and grease oils in Thailand 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.

Dongyue Group

Market Cap: HK$20.0b

An investment holding company, manufactures, distributes, and sells polymers, organic silicone, refrigerants, dichloromethane, liquid alkali, and other products in the People's Republic of China and internationally.

Hubei Jianghan New Materials

Market Cap: CN¥9.0b

Develops, produces, and sells silane coupling agents, silane cross-linking agents, and other products in China.

WAPS

Market Cap: ₩20.8b

Manufactures and sells various value-added new polymer materials, such as automobile interior materials, construction, and leisure materials.

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.

AtomixLtd

Market Cap: JP¥3.6b

Engages in the manufacture and sale of paints in Japan and internationally.

Indian Metals and Ferro Alloys

Market Cap: ₹62.7b

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

Kunshan Asia Aroma

Market Cap: CN¥4.7b

Engages in the research and development, production, and sale of spices and food additives in China.

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.

Jindal Steel

Market Cap: ₹1.1t

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

Stanley Agriculture GroupLtd

Market Cap: CN¥10.5b

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

TCC Steel

Market Cap: ₩438.8b

Engages in the manufacture and sale of stone coated steel sheets, and other surface-treated steel sheets in South Korea, Asia, Europe, the Middle East, North America, and internationally.

Guizhou ChitianhuaLtd

Market Cap: CN¥3.9b

Engages in the chemical and pharmaceutical businesses in China.

Jinduicheng Molybdenum

Market Cap: CN¥47.8b

Engages in the provision of molybdenum worldwide.

Shreyans Industries

Market Cap: ₹3.1b

Engages in the manufacture and sale of writing and printing papers and soda ash in India and internationally.

Lee & Man Chemical

Market Cap: HK$4.2b

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

Godawari Power & Ispat

Market Cap: ₹172.2b

Engages in the mining of iron ores in India.

Guangdong Hongda Holdings Group

Market Cap: CN¥33.7b

Guangdong Hongda Holdings Group Co., Ltd.

Jiangsu Lopal Tech. Group

Market Cap: CN¥10.3b

Engages in the research and development, production, and sale of lithium iron phosphate cathode materials and environmental protection fine chemicals for vehicles in China and internationally.

Nahar Poly Films

Market Cap: ₹7.5b

Manufactures and sells bi-axially oriented polypropylene films in India and internationally.

Thai Metal Drum Manufacturing

Market Cap: ฿3.8b

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

GHCL

Market Cap: ₹61.7b

Manufactures and trading of inorganic chemicals in India and internationally.

Shenma IndustryLtd

Market Cap: CN¥9.8b

Engages in the chemical and chemical fiber business in China, Europe, the Americas, Asia, and internationally.

Galaxy Surfactants

Market Cap: ₹79.3b

Manufactures and sells surfactants and other specialty ingredients for the personal and home care industry in India and internationally.

Kumiai Chemical Industry

Market Cap: JP¥98.6b

Manufactures and sells agrochemicals in Japan and internationally.

Epigral

Market Cap: ₹73.6b

Manufactures and sells chlor-alkali and related derivatives in India and internationally.