Global Materials Undervalued based on future growth

Asia CementLtd

Market Cap: ₩474.1b

Engages in the manufacture and sale of cement and ready-mixed concrete in South Korea.

Rana Gruber

Market Cap: NOK 2.9b

Engages in the mining, processing, and sale of iron ore concentrate in Norway, the United Kingdom, Sweden, the United States, and internationally.

Eastern Polymer Group

Market Cap: ฿9.1b

Through its subsidiaries, engages in the manufacture and distribution of rubber insulation, automotive, and plastic packing products in Thailand and internationally.

JTL Industries

Market Cap: ₹25.8b

Manufactures and sells iron and steel products in India and internationally.

Central Omega Resources

Market Cap: Rp4.7t

Engages in the mineral mining business in Indonesia.

Serabi Gold

Market Cap: UK£204.5m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Jaya Tiasa Holdings Berhad

Market Cap: RM 1.1b

An investment holding company, engages in the extraction and sale of logs in Malaysia.

Pennar Industries

Market Cap: ₹23.7b

Operates as an engineering company in India and internationally.

Koskisen Oyj

Market Cap: €218.8m

Operates in wood industry in Finland, Japan, Germany, Poland, other European countries, and internationally.

S H Kelkar

Market Cap: ₹22.4b

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

Nilkamal

Market Cap: ₹22.1b

Manufactures and sells plastic products in India and internationally.

KB Components

Market Cap: SEK 2.2b

Designs, develops, manufactures, and sells polymer components for light vehicles, heavy vehicles, medical, furniture, industrial, lighting, chrome plating, and industrial window applications in Sweden and internationally.

SeAH Steel

Market Cap: ₩342.7b

Manufactures and sells steel products in South Korea.

Cherat Cement

Market Cap: PK₨63.9b

Manufactures, markets, and sells ordinary Portland cement in Pakistan and Afghanistan.

Kukdo Chemical

Market Cap: ₩329.7b

Manufactures and sells epoxy and polyol resins.

An Cuong Wood - Working

Market Cap: ₫5.6t

Manufactures and trades in wooden household products, industrial wooden items, artificial boards, interior decoration products, kitchen equipment, and other wooden related products in Vietnam and internationally.

Foraco International

Market Cap: CA$284.7m

Provides drilling services in North America, South America, the Asia Pacific, the Middle East, Africa, and Europe.

Societe Tunisienne de Verreries

Market Cap: د.ت572.7m

Engages in the manufacture and marketing of glass and ancillary products in Tunisia and internationally.

P.S.P. Specialties

Market Cap: ฿6.3b

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

ADF Group

Market Cap: CA$268.1m

Engages in the design and engineering of connections including industrial coatings in Canada and the United States.

Mpact

Market Cap: R3.1b

Engages in the paper and plastic packaging, and recycling business in South Africa and internationally.

Dynacor Group

Market Cap: CA$261.2m

Engages in the exploration, development, and mining of minerals properties in Peru.

H&R GmbH KGaA

Market Cap: €160.4m

Engages in the manufacture and sale of chemical-pharmaceutical raw materials and injection molded precision plastic parts in Europe, Africa, Asia, and internationally.

Hi-Tech Pipes

Market Cap: ₹16.5b

Manufactures and sells steel in India.

Core Molding Technologies

Market Cap: US$173.4m

Operates as a molder of thermoplastic and thermoset structural products.

Flügger group

Market Cap: DKK 1.1b

Designs, manufactures, and markets decorative paints, wood protection products, spackling pastes, and wallpaper and tools.

Arakawa Chemical Industries

Market Cap: JP¥25.9b

Provides chemicals for functional coating agents and paper manufacturing, resins for printing inks and adhesives, and materials for electronics in Japan, China, Asia, North and South America, Europe, and internationally.

SamyoungLtd

Market Cap: ₩230.5b

Manufactures and sells electronic and packaging films in South Korea.

Huhtamaki India

Market Cap: ₹13.8b

Manufactures and sells of flexible consumer packaging and labelling solutions in India.

Attock Cement Pakistan

Market Cap: PK₨39.1b

Engages in the manufacture and sale of cement in Pakistan.

Capral

Market Cap: AU$193.8m

Together with its subsidiary, Austex Dies Pty Ltd, manufactures and distributes fabricated and semi-fabricated aluminum related products in Australia.

BORETECH Resource Recovery Engineering

Market Cap: NT$4.2b

BORETECH Resource Recovery Engineering CO., LTD.

Seng Fong Holdings Berhad

Market Cap: RM 490.7m

An investment holding company, manufacturers and sells tyre producers, vehicle parts manufacturers, rubber traders, and industrial rubber in Malaysia, rest of Asia, Europe, and Oceania.

Mughal Iron & Steel Industries

Market Cap: PK₨34.6b

Manufactures and trades in mild steel products in Pakistan.

Vittia

Market Cap: R$646.1m

Provides fertilizers in Brazil and internationally.

I G Petrochemicals

Market Cap: ₹10.9b

Engages in the manufacture and sale of organic and inorganic chemicals in India and internationally.