Global Undervalued based on future growth

UBS Group

Market Cap: CHF 81.4b

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

Investor

Market Cap: SEK 854.5b

A private equity firm specializing in mature, middle market, buyouts and growth capital investments.

Capital One Financial

Market Cap: US$76.8b

Operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom.

Lloyds Banking Group

Market Cap: UK£45.8b

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

Bayerische Motoren Werke

Market Cap: €47.5b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

3i Group

Market Cap: UK£40.4b

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

Deutsche Bank

Market Cap: €47.2b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Shanghai Pudong Development Bank

Market Cap: CN¥365.7b

Shanghai Pudong Development Bank Co., Ltd.

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.

Oil and Natural Gas

Market Cap: ₹3.1t

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

Emaar Properties PJSC

Market Cap: د.إ114.9b

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

Bank of Jiangsu

Market Cap: CN¥213.1b

Provides various banking products and services in China.

Stellantis

Market Cap: €25.3b

Engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide.

Nucor

Market Cap: US$27.0b

Engages in the manufacture and sale of steel and steel products.

Super Micro Computer

Market Cap: US$25.8b

Develops and sells high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally.

Bank of Ningbo

Market Cap: CN¥178.7b

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

Hewlett Packard Enterprise

Market Cap: US$23.9b

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.

CSC Financial

Market Cap: HK$180.6b

Provides investment banking services in Mainland China and internationally.

CK Hutchison Holdings

Market Cap: HK$180.2b

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.

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.

Banco do Brasil

Market Cap: R$122.3b

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

ASE Technology Holding

Market Cap: NT$630.2b

Provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally.

BOE Technology Group

Market Cap: CN¥144.0b

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

LyondellBasell Industries

Market Cap: US$19.6b

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

Steel Dynamics

Market Cap: US$19.3b

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

Bank of Beijing

Market Cap: CN¥138.1b

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

Bank of Nanjing

Market Cap: CN¥129.5b

Provides various financial products and services in China.

First Solar

Market Cap: US$18.0b

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

Citizens Financial Group

Market Cap: US$18.0b

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.

Corebridge Financial

Market Cap: US$17.9b

Provides retirement solutions and insurance products in the United States.

China Railway Group

Market Cap: CN¥128.5b

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

China Communications Construction

Market Cap: HK$139.3b

Engages in the infrastructure construction, infrastructure design, and dredging businesses.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩24.1t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Hua Xia Bank

Market Cap: CN¥124.8b

Provides commercial banking services in China and Hong Kong.

Traton

Market Cap: €14.4b

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.

Kaspi.kz

Market Cap: US$16.6b

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