Global Potentially Undervalued Companies

Freshworks

Market Cap: US$3.9b

A software development company, provides software-as-a-service products in North America, Europe, the Middle East, Africa, Asia Pacific, and internationally.

Corticeira Amorim S.G.P.S

Market Cap: €1.0b

Engages in the acquisition and transformation of cork into various cork and cork-related products in Europe, the United States, Rest of America, Australasia, and Africa.

Unum Group

Market Cap: €12.5b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Xerox Holdings

Market Cap: €468.1m

Operates as a workplace technology company that integrates hardware, services, and software for enterprises in North America, Latin America, Europe, the Middle East, Africa, India, and internationally.

Breedon Group

Market Cap: €1.3b

Engages in the quarrying, manufacture, and sale of construction materials and building products primarily in the United Kingdom and internationally.

Opera

Market Cap: US$1.8b

Provides mobile and PC web browsers and related products and services in Norway and internationally.

Kaspi.kz

Market Cap: US$16.6b

Provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.

TKG Huchems

Market Cap: ₩679.9b

Manufactures and sells fine chemical products in South Korea and internationally.

Korean AirlinesLtd

Market Cap: ₩8.8t

Provides airline services.

BOE Varitronix

Market Cap: HK$4.3b

An investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People’s Republic of China, Europe, the United States, Korea, Japan, and internationally.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥179.2b

Inner Mongolia Yili Industrial Group Co., Ltd.

China Mengniu Dairy

Market Cap: HK$58.4b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Tong Yang Industry

Market Cap: NT$58.1b

Engages in the manufacture and sale of parts, components, and models for automobiles and motorcycles in Taiwan, China, the United States, and internationally.

Peoplein

Market Cap: AU$81.0m

Provides staffing, business, and operational services in Australia, New Zealand, and Singapore.

Jinzai Food GroupLtd

Market Cap: CN¥5.5b

Engages in the research, development, production, and sale of snack foods in China.

BIEM.L.FDLKK GarmentLtd

Market Cap: CN¥9.5b

Engages in the research and development, and design of branded apparel; and brand promotion, marketing network construction, and supply chain management activities in China.

Bank of Shanghai

Market Cap: CN¥133.6b

Provides various banking products and services in China.

Yunnan Aluminium

Market Cap: CN¥64.4b

Manufactures and sells aluminum in China.

Indofood CBP Sukses Makmur

Market Cap: Rp107.6t

Produces and sells consumers products in Indonesia, Rest of Asia, the Middle East, Africa, and internationally.

DOF Group

Market Cap: NOK 24.0b

Owns and operates a fleet of offshore and subsea vessels.

Unisplendour

Market Cap: CN¥75.8b

A technology company, provides electronics and information technology (IT) solutions in China and internationally.

Japfa Comfeed Indonesia

Market Cap: Rp20.6t

Operates as an agri-food company in Indonesia.

ORG TechnologyLtd

Market Cap: CN¥15.0b

Offers packaging solutions in China and internationally.

Hainan Jinpan Smart Technology

Market Cap: CN¥23.6b

Engages in the research and development, production, sale, and servicing of power transmission and distribution, and control equipment products in China.

Saudi Aramco Base Oil Company - Luberef

Market Cap: ر.س13.8b

Produces and sells base oils and various by-products in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, the United States, and internationally.

Stoneweg Europe Stapled Trust

Market Cap: €869.2m

Stoneweg Europe Stapled Trust (“SERT”, formerly Cromwell European REIT and renamed as Stoneweg European REIT following the change in Sponsor) is a stapled group comprising Stoneweg European Real Estate Investment Trust and Stoneweg European Business Trust.

Scientex Berhad

Market Cap: RM 4.9b

An investment holding company, manufactures, markets, and sells stretch films and various flexible plastic packaging (FPP) products.

Kumho Tire

Market Cap: ₩1.4t

Engages in the manufacture and sale of tires in South Korea, Europe, North America, Central and South America, Asia, and internationally.

Shanghai Tunnel Engineering

Market Cap: CN¥20.2b

Engages in the consulting, planning, design, investment, construction, and operation of urban infrastructure in China and internationally.

Value Added Technology

Market Cap: ₩334.2b

Manufactures and sells dental medical X-ray devices in Korea, Asia, Australia, Europe, North and South America, and the Middle East.

Treasury Wine Estates

Market Cap: AU$6.2b

Operates as a wine company in Australia, the United States, the United Kingdom, and internationally.

Trifork Group

Market Cap: DKK 1.7b

Provides information technology and other business services in Switzerland, Denmark, the United Kingdom, the Netherlands, the United States, and internationally.

Hyundai Department Store

Market Cap: ₩1.7t

Operates various department stores, outlets, and duty-free shops in South Korea.

SK Gas

Market Cap: ₩2.2t

Supplies and distributes liquefied petroleum gas (LPG) in South Korea and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.6t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Navigator Global Investments

Market Cap: AU$1.0b

HFA Holdings Limited operates as a fund management company in Australia.