Global Undervalued based on future growth

SouthState Bank

Market Cap: US$10.1b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Vietnam Technological and Commercial Bank

Market Cap: ₫264.9t

Provides personal and corporate banking products and services in Vietnam and internationally.

Western Alliance Bancorporation

Market Cap: US$9.8b

Operates as the bank holding company for Western Alliance Bank that provides various banking products and related services primarily in Arizona, California, and Nevada.

LG Electronics

Market Cap: ₩13.6t

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

Hyundai Glovis

Market Cap: ₩13.3t

Operates as logistics and distribution company in South Korea and internationally.

Yunnan Aluminium

Market Cap: CN¥66.8b

Manufactures and sells aluminum in China.

AES

Market Cap: US$9.3b

Operates as a power generation and utility company in the United States and internationally.

KGI Financial Holding

Market Cap: NT$280.9b

Engages in the commercial banking, securities, venture capital, and insurance businesses in Taiwan and internationally.

KION GROUP

Market Cap: €7.8b

Provides industrial trucks and supply chain solutions in Western and Eastern Europe, the Middle East, Africa, North America, Central and South America, China, and the rest of the Asia Pacific.

Ayvens

Market Cap: €7.8b

Provides service leasing and vehicle fleet management services in the France, Rest of Europe, Latin America, Asia, and internationally.

Metallurgical Corporation of China

Market Cap: HK$71.0b

Engages in engineering contracting, resource development, specialty businesses, integrated real estate, and other businesses in China.

Türkiye Petrol Rafinerileri

Market Cap: ₺376.9b

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

UMB Financial

Market Cap: US$9.1b

Operates as the bank holding company that provides banking services and asset servicing in the United States and internationally.

Safaricom

Market Cap: KSh1.2t

Provides telecommunication services in Kenya and Ethiopia.

Pure Health Holding PJSC

Market Cap: د.إ32.7b

Provides healthcare services in the United Arab Emirates.

Absa Group

Market Cap: R152.3b

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

Satellite ChemicalLtd

Market Cap: CN¥62.5b

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

Dongfang Electric

Market Cap: HK$67.6b

Engages in the design, develop, manufacture, and sale of power generation equipment in China and internationally.

Ford Otomotiv Sanayi

Market Cap: ₺356.9b

Engages in the manufacture, assembly, import, export, and sale of motor vehicles and spare parts primarily in Turkey.

Old National Bancorp

Market Cap: US$8.6b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

APA

Market Cap: US$8.4b

An independent energy company, explores for, develops, and produces natural gas, crude oil, and natural gas liquids.

SK Telecom

Market Cap: ₩11.7t

Engages in the provision of wireless telecommunication services in South Korea.

LG

Market Cap: ₩11.6t

Through its subsidiaries, operates in the electronics, chemicals, and telecommunication and services sectors.

Akbank T.A.S

Market Cap: ₺343.2b

Provides various banking products and services in Turkey and internationally.

American Airlines Group

Market Cap: US$8.1b

Through its subsidiaries, operates as a network air carrier in the United States, Latin America, Atlantic, and Pacific.

Localiza Rent a Car

Market Cap: R$42.8b

Engages in car and fleet rental business in Brazil and internationally.

Military Commercial Bank

Market Cap: ₫212.2t

Provides banking products and services.

HD Hyundai

Market Cap: ₩11.2t

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

Tongling Nonferrous Metals GroupLtd

Market Cap: CN¥57.0b

Tongling Nonferrous Metals Group Co.,Ltd.

Huadian Power International

Market Cap: HK$62.3b

Engages in the sale of power fand thermal products in the People’s Republic of China.

MIXUE Group

Market Cap: HK$61.9b

Produces and sells fruit drinks, tea drinks, and ice cream and coffee products in Mainland China and internationally.

National Fuel Gas

Market Cap: US$7.9b

Operates as a diversified energy company.

Columbia Banking System

Market Cap: US$7.8b

Operates as the Bank holding company of Columbia Bank that provides banking, private banking, mortgage, and other financial services in the United States.

Lincoln National

Market Cap: US$7.8b

Through its subsidiaries, operates multiple insurance and retirement businesses in the United States.

BIM Birlesik Magazalar

Market Cap: ₺321.1b

Operates retail stores in Turkey, Morocco, and Egypt.

Ørsted

Market Cap: DKK 48.4b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.