Global Undervalued based on future growth

Aldar Properties PJSC

Market Cap: د.إ69.8b

Engages in the real estate development, investment, construction, leasing, management, sale, and related services in the United Arab Emirates.

XCMG Construction Machinery

Market Cap: CN¥130.2b

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

Bunge Global

Market Cap: US$17.8b

Operates as an agribusiness and food company worldwide.

Super Micro Computer

Market Cap: US$17.8b

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

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.

China Overseas Land & Investment

Market Cap: HK$133.6b

An investment holding company, engages in the property development, commercial property operations, and other businesses in the People’s Republic of China and the United Kingdom.

Tourmaline Oil

Market Cap: CA$23.4b

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

TS Financial Holding

Market Cap: NT$528.4b

Provides various financial products and services.

Aptiv

Market Cap: US$16.7b

Engages in design, manufacture, and sale of vehicle components for the automotive and commercial vehicle markets in North America, Europe, the Middle East, Africa, the Asia Pacific, South America, and internationally.

Emaar Development PJSC

Market Cap: د.إ61.4b

Develops and sells residential and commercial build-to-sell properties in the United Arab Emirates.

Corebridge Financial

Market Cap: US$16.7b

Provides retirement solutions and insurance products in the United States.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$91.4b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Bank of Beijing

Market Cap: CN¥116.5b

Provides various banking services to individuals and corporates in China.

Li Auto

Market Cap: US$16.3b

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

Wens Foodstuff Group

Market Cap: CN¥113.4b

Operates as an agricultural and animal husbandry company in China.

Bank of Hangzhou

Market Cap: CN¥110.4b

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

Fidelity National Financial

Market Cap: US$15.6b

Provides various insurance products in the United States.

Hua Xia Bank

Market Cap: CN¥107.9b

Provides commercial banking services in China and Hong Kong.

Annaly Capital Management

Market Cap: US$15.1b

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

Boliden

Market Cap: SEK 139.7b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Kaspi.kz

Market Cap: US$14.9b

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

KGHM Polska Miedz

Market Cap: zł51.9b

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

Wistron

Market Cap: NT$438.9b

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

Turkiye Garanti Bankasi

Market Cap: ₺588.8b

Provides various banking products and services in Turkey.

Everest Group

Market Cap: US$13.7b

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

Ally Financial

Market Cap: US$13.7b

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

China Longyuan Power Group

Market Cap: HK$106.2b

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

TCL Technology Group

Market Cap: CN¥95.1b

Engages in the semiconductors business in China and internationally.

Reinsurance Group of America

Market Cap: US$13.3b

Provides reinsurance and financial solutions.

Unum Group

Market Cap: US$13.0b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Eurobank

Market Cap: US$12.9b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Power Construction Corporation of China

Market Cap: CN¥89.7b

Offers engineering contracting services in the People's Republic of China and internationally.

Mowi

Market Cap: NOK 126.8b

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

Azrieli Group

Market Cap: ₪39.2b

Engages in the development, acquisition, lease-out, management, and maintenance of malls and retail centers in Israel.

CNH Industrial

Market Cap: US$12.0b

An equipment and services company, engages in the design, production, marketing, sale, and financing of agricultural and construction equipment in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.

Endeavour Mining

Market Cap: CA$16.2b

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