Global Undervalued based on future growth

Organon

Market Cap: US$1.7b

Develops and delivers women health solutions through prescription therapies and medical devices in the United States, Europe, Canada, Japan, rest of the Asia Pacific, China, Latin America, the Middle East, Russia, Africa, and internationally.

Vistry Group

Market Cap: UK£1.2b

Provides housing solutions in the United Kingdom.

Bangchak Corporation

Market Cap: ฿53.3b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Sylvamo

Market Cap: US$1.6b

Produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Europe, Latin America, and North America.

Jiang Su Suyan JingshenLtd

Market Cap: CN¥11.3b

Engages in the mining, research, production, distribution, and sale of salt and salt chemicals in China.

West China Cement

Market Cap: HK$12.8b

An investment holding company, manufactures and sells cement and cement products in the People’s Republic of China, Mozambique, Ethiopia, Democratic Republic of Congo, Other African countries, and internationally.

Dah Sing Financial Holdings

Market Cap: HK$12.8b

An investment holding company, provides banking, insurance, financial, and other related services in Hong Kong, Macau, and the People’s Republic of China.

Chacha Food Company

Market Cap: CN¥11.2b

Produces and sells fried nuts and nuts snacks in China.

Fidelis Insurance Holdings

Market Cap: US$1.6b

Provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom.

Sinofert Holdings

Market Cap: HK$12.6b

An investment holding company, engages in the production, import and export, distribution, and retail of fertilizer raw materials and crop nutrition products in Mainland China and internationally.

Qatar National Bank

Market Cap: ج.م84.4b

Engages in the provision of banking services in Egypt.

Yantai North Andre JuiceLtd

Market Cap: HK$12.6b

Engages in the production and sale of fruit and vegetable juices in China.

Zhejiang Communications Technology

Market Cap: CN¥11.1b

Zhejiang Communications Technology Co., Ltd.

Guangdong Xinbao Electrical Appliances Holdings

Market Cap: CN¥11.0b

Engages in the design, development, production, and sale of household electrical appliances in China and internationally.

Storskogen Group

Market Cap: SEK 15.0b

Owns and develops small and medium-sized businesses operating in trade, industry, and services business areas.

Upwork

Market Cap: US$1.6b

Provides platforms and workforce solutions that connect businesses with freelance, agency, fractional, and payrolled talent in the United States, the Philippines, India, Pakistan, and internationally.

Herbalife

Market Cap: US$1.6b

Provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific.

Bradespar

Market Cap: R$8.3b

Through its interest in VALE, operates as a mining company in the production of iron ore and pellets, and nickel in Brazil.

LendingClub

Market Cap: US$1.6b

Operates as a bank holding company, that provides range of financial products and services in the United States.

Gudang Garam

Market Cap: Rp26.9t

Engages in the manufacture and sale of cigarettes in Indonesia and internationally.

Shenzhen Noposion Crop Science

Market Cap: CN¥10.8b

Researches and develops, manufactures, distributes, and provides technical services for pesticides and fertilizers in China and internationally.

Square Pharmaceuticals

Market Cap: ৳192.6b

Manufactures, markets, and distributes pharmaceutical products in Bangladesh and internationally.

Burjeel Holdings

Market Cap: د.إ5.7b

Owns and operates multi-specialty hospitals and medical centers in the United Arab Emirates, the Sultanate of Oman, and the Kingdom of Saudi Arabia.

SILICON2

Market Cap: ₩2.3t

Engages in the distribution of cosmetics products worldwide.

Borr Drilling

Market Cap: US$1.6b

Operates as an offshore shallow-water drilling contractor to the oil and gas industry in the United States, the Middle East, South East Asia, Europe, Latin America, and West Africa.

TECON BIOLOGYLTD

Market Cap: CN¥10.7b

Engages in the provision of animal health care, feed, pig breeding, agricultural product processing and trade, and financial services in China and internationally.

F&F

Market Cap: ₩2.3t

Manufactures and sells apparel and accessories in South Korea.

Stanbic IBTC Holdings

Market Cap: ₦2.1t

A financial holding company, provides banking and other financial services to individuals, businesses, institutions, and corporations in Nigeria and internationally.

Global Brands Manufacture

Market Cap: NT$49.6b

Engages in printed circuit boards (PCB) production and electronic manufacturing service (EMS) business in Taiwan.

United Bank for Africa

Market Cap: ₦2.1t

Primarily provides corporate, commercial, and retail banking services in Nigeria, rest of Africa, and internationally.

Advanced Petrochemical

Market Cap: ر.س5.8b

Engages in the production and sale of propylene, polypropylene, isopropyl alcohol, polysilicon, and polysilicon downstream products in the Kingdom of Saudi Arabia and internationally.

Palfinger

Market Cap: €1.3b

Provides hydraulic lifting solutions in Austria and internationally.

Pitney Bowes

Market Cap: US$1.5b

Provides digital shipping solutions, mailing innovation, and financial services worldwide.

Afry

Market Cap: SEK 14.2b

Provides engineering, design, and advisory services for the infrastructure, industry, and energy sectors in the Nordics, North America, South America, Asia, rest of Europe, and internationally.

RHI Magnesita

Market Cap: UK£1.1b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

E.I.D.- Parry (India)

Market Cap: ₹139.6b

Engages in the manufacture and sale of sugar, nutraceuticals, and distillery products in India, North America, Europe, and internationally.