Global Undervalued based on future growth

National Atomic Company Kazatomprom JSC

Market Cap: US$6.1t

Explores for, produces, processes, markets, and sells uranium and uranium related products in Kazakhstan, China, the Russian Federation, Canada, France, the United Kingdom, the United States, Jersey, Cayman Islands, the United Arab Emirates, and internationally.

Samsung Electronics

Market Cap: ₩466.2t

Engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide.

Micron Technology

Market Cap: US$128.4b

Designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.

UBS Group

Market Cap: CHF 93.4b

Provides financial advice and solutions to private, institutional, and corporate clients worldwide.

Lloyds Banking Group

Market Cap: UK£46.2b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

3i Group

Market Cap: UK£40.1b

A private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Ford Motor

Market Cap: US$43.2b

Develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles worldwide.

Emaar Properties PJSC

Market Cap: د.إ135.7b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Oil and Natural Gas

Market Cap: ₹3.0t

Engages in the exploration, development, and production of crude oil and natural gas in India and internationally.

China Everbright Bank

Market Cap: CN¥230.9b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Bank of Jiangsu

Market Cap: CN¥207.4b

Provides various banking products and services in China.

Hewlett Packard Enterprise

Market Cap: US$27.4b

Provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Bank of Ningbo

Market Cap: CN¥184.0b

Provides various personal and business banking products and services in the People's Republic of China.

CSC Financial

Market Cap: HK$197.0b

Provides investment banking services in Mainland China and internationally.

CK Hutchison Holdings

Market Cap: HK$196.9b

An investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong, Mainland China, Europe, Canada, Asia, Australia, and internationally.

China Tower

Market Cap: HK$191.2b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Indian Oil

Market Cap: ₹2.0t

Indian Oil Corporation Limited, together with its subsidiaries, refines, pipeline transports, and markets petroleum products in India and internationally.

Panasonic Holdings

Market Cap: JP¥3.4t

Research, develops, manufactures, sells, and services various electrical and electronic products worldwide.

ASE Technology Holding

Market Cap: NT$662.8b

Provides semiconductor manufacturing services in assembly and testing in the United States, Taiwan, Europe, Asia, and internationally.

Gold Fields

Market Cap: R394.5b

Operates as a gold producer with reserves and resources in Australia, South Africa, Ghana, Peru, Chile, and Canada.

Citizens Financial Group

Market Cap: US$21.1b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

BOE Technology Group

Market Cap: CN¥149.0b

Operates display, Internet of Things (IoT) innovation, sensor, and MLED, smart medicine engineering, and other business in Mainland China and internationally.

Nippon Steel

Market Cap: JP¥3.1t

Engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally.

Banco do Brasil

Market Cap: R$112.5b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

First Solar

Market Cap: US$19.2b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Vedanta

Market Cap: ₹1.7t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

Steel Dynamics

Market Cap: US$18.9b

Operates as a steel producer and metal recycler in the United States.

Bank of Beijing

Market Cap: CN¥136.4b

Provides various banking services to personal and corporate customers in China.

LyondellBasell Industries

Market Cap: US$18.9b

Operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally.

China Communications Construction

Market Cap: HK$143.9b

Engages in the infrastructure construction, infrastructure design, and dredging businesses in Mainland China, Australia, Hong Kong, Africa, the Middle East, and Southeast Asia.

China Railway Group

Market Cap: CN¥132.1b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩25.4t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Korea Electric Power

Market Cap: ₩24.7t

An integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

Tourmaline Oil

Market Cap: CA$24.3b

Engages in the acquisition, exploration, development, and production of petroleum and natural gas properties in the Western Canadian Sedimentary Basin.

Traton

Market Cap: €15.1b

Manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally.