Global Undervalued based on future growth

KGHM Polska Miedz

Market Cap: zł66.4b

Engages in the exploration and mining of copper, nickel, precious metals, and non-ferrous metals in Poland and internationally.

XCMG Construction Machinery

Market Cap: CN¥126.1b

Engages in the manufacturing and sale of construction machinery in China.

TS Financial Holding

Market Cap: NT$564.5b

Provides various financial products and services.

Super Micro Computer

Market Cap: US$17.4b

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

Bank of Hangzhou

Market Cap: CN¥117.1b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Li Auto

Market Cap: US$16.8b

Operates in the energy vehicle market in the People’s Republic of China.

Raiffeisen Bank International

Market Cap: €14.0b

Offers banking services to corporate, private, and institutional customers.

Annaly Capital Management

Market Cap: US$16.3b

A diversified capital manager, engages in the mortgage finance business.

Bank of Beijing

Market Cap: CN¥112.1b

Provides various banking services to individuals and corporates in China.

Corebridge Financial

Market Cap: US$16.0b

Provides retirement solutions and insurance products in the United States.

Unibail-Rodamco-Westfield

Market Cap: €13.3b

Unibail-Rodamco-Westfield is an owner, developer and operator of sustainable, high-quality real estate assets in the most dynamic cities in Europe and the United States.

Turkiye Garanti Bankasi

Market Cap: ₺677.5b

Provides various banking products and services in Turkey.

Wens Foodstuff Group

Market Cap: CN¥103.8b

Operates as an agricultural and animal husbandry company in China.

Fidelity National Financial

Market Cap: US$14.8b

Provides various insurance products in the United States.

Kaspi.kz

Market Cap: US$14.5b

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

Hua Xia Bank

Market Cap: CN¥100.9b

Provides commercial banking services in China and Hong Kong.

China Longyuan Power Group

Market Cap: HK$112.3b

Generates and sells wind, coal, and photovoltaic (PV) power in the Chinese Mainland, Canada, South Africa, and Ukraine.

Pinnacle Financial Partners

Market Cap: US$14.3b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

TCL Technology Group

Market Cap: CN¥98.8b

Engages in the semiconductors business in China and internationally.

Harmony Gold Mining

Market Cap: R226.4b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia.

Everest Group

Market Cap: US$13.9b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Reinsurance Group of America

Market Cap: US$13.3b

Provides reinsurance and financial solutions.

Endeavour Mining

Market Cap: CA$17.9b

Operates as a multi-asset gold producer in West Africa.

Wistron

Market Cap: NT$415.0b

Engages in the design, manufacture, and sale of information technology products in the United States, Europe, China, and internationally.

Absa Group

Market Cap: R211.2b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Ally Financial

Market Cap: US$13.0b

A digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda.

mBank

Market Cap: zł44.1b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Deutsche Lufthansa

Market Cap: €10.4b

Operates as an aviation company in Germany and internationally.

Mowi

Market Cap: NOK 116.7b

A seafood company, produces and sells Atlantic salmon products worldwide.

Satellite ChemicalLtd

Market Cap: CN¥81.8b

A low-carbon chemical company, manufactures and sells functional chemicals, new polymer materials, and new energy materials in China and internationally.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫301.0t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

LG Electronics

Market Cap: ₩17.0t

Manufactures and sells consumer and commercial products in South Korea and internationally.

HD Hyundai

Market Cap: ₩16.5t

Through its subsidiaries, engages in oil refining business in Korea and internationally.

Akbank T.A.S

Market Cap: ₺483.3b

Provides various banking products and services in Turkey and internationally.

China Zheshang Bank

Market Cap: HK$85.2b

Provides various commercial banking products and services in Mainland China.

Türkiye Petrol Rafinerileri

Market Cap: ₺471.7b

Engages in the refining crude oil, petroleum, and chemical products in Turkey and internationally.