Global Undervalued based on future growth

Bank of Chengdu

Market Cap: CN¥73.5b

Provides various commercial banking products and services in China.

Isuzu Motors

Market Cap: JP¥1.7t

Manufactures and sells commercial vehicles, light commercial vehicles, and diesel engines and components worldwide.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫271.8t

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

WT Microelectronics

Market Cap: NT$324.0b

Develops and sells electronic and communication components in the United States, Taiwan, China, and internationally.

AES

Market Cap: US$10.1b

Operates as a power generation and utility company.

Harmony Gold Mining

Market Cap: R168.2b

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

Prio

Market Cap: R$48.6b

Engages in the exploration, development, and production of oil and natural gas properties in Brazil and internationally.

Shenzhen Transsion Holdings

Market Cap: CN¥63.5b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

Norwegian Cruise Line Holdings

Market Cap: US$9.0b

Operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally.

Akbank T.A.S

Market Cap: ₺394.2b

Provides various banking products and services in Turkey and internationally.

Northam Platinum Holdings

Market Cap: R147.8b

Through its subsidiary, Northam Platinum Limited, engages in the production and sale of platinum group metals.

Metallurgical Corporation of China

Market Cap: HK$68.9b

Engages in engineering contracting business in China.

Alpha Bank

Market Cap: €7.6b

Provides various banking and financial products and services in Greece and internationally.

Ford Otomotiv Sanayi

Market Cap: ₺378.6b

Engages in the manufacturing, assembly, production, import, and sale of motor vehicles and spare parts in Turkey and internationally.

Türkiye Is Bankasi

Market Cap: ₺377.3b

Provides various banking products and services to individuals and businesses in Turkey.

UMB Financial

Market Cap: US$8.4b

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

Old National Bancorp

Market Cap: US$8.4b

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

Vietnam Technological and Commercial Bank

Market Cap: ₫214.7t

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

New Gold

Market Cap: CA$11.2b

An intermediate gold mining company, engages in the development and operation of mineral properties in Canada.

Military Commercial Bank

Market Cap: ₫211.8t

Provides banking products and services.

El Puerto de Liverpool. de

Market Cap: Mex$142.0b

Operates a chain of department stores primarily in Mexico.

China International Marine Containers (Group)

Market Cap: CN¥54.2b

Manufactures and sells logistics and energy equipment in China, the United States, Europe, rest of Asia, and internationally.

Columbia Banking System

Market Cap: US$7.8b

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

Vietnam Prosperity Commercial Bank

Market Cap: ₫203.1t

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

Scancom

Market Cap: GH₵83.9b

Provides telecommunications services in Ghana.

Mobile TeleSystems

Market Cap: ₽463.3b

Mobile TeleSystems Public Joint Stock Company provides telecommunication services primarily in Russia.

Lloyds Metals and Energy

Market Cap: ₹701.0b

Manufactures and sells sponge iron and iron ore in India.

Huishang Bank

Market Cap: HK$59.2b

Provides various commercial banking products and services in Anhui, Jiangsu, and internationally.

Eldorado Gold

Market Cap: CA$10.2b

Engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, and Greece.

Nedbank Group

Market Cap: R123.6b

Provides various wholesale and retail banking services in South Africa, rest of Africa, Europe, Asia, the United States, and internationally.

Western Alliance Bancorporation

Market Cap: US$7.3b

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

Public Power

Market Cap: €6.2b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

Magnit

Market Cap: ₽435.4b

Public Joint Stock Company Magnit, together with its subsidiaries, engages in the retail and distribution of consumer goods under the Magnit, DIXY, and Megamart names.

KRAFTON

Market Cap: ₩10.4t

Engages in the software development and related ancillary businesses in Asia, Korea, the United States, Europe, and internationally.

Zhen Ding Technology Holding

Market Cap: NT$221.5b

Engages in the design, development, manufacture, and sale of printed circuit boards (PCB) products in the United States, Mainland China, Taiwan, Singapore, and internationally.

Sunwoda ElectronicLtd

Market Cap: CN¥47.6b

Engages in the research, design, development, production, and sale of lithium-ion battery modules in China and internationally.