Global Undervalued based on future growth

Shift4 Payments

Market Cap: US$7.6b

Engages in the provision of software and payment processing solutions in the United States and internationally.

Metlen Energy & Metals

Market Cap: €6.4b

Operates as an industrial and energy company with focus on the metals and energy sectors worldwide.

Sinotruk (Hong Kong)

Market Cap: HK$58.1b

An investment holding company, engages in the research, development, manufacture, and sale of heavy-duty trucks (HDT), medium-heavy duty trucks, light duty trucks (LDT), buses, and related parts and components in Mainland China and internationally.

COSCO SHIPPING Energy Transportation

Market Cap: HK$57.7b

An investment holding company, engages in the transportation of oil and liquefied natural gas (LNG) in People’s Republic of China and internationally.

El Puerto de Liverpool. de

Market Cap: Mex$135.9b

Operates a chain of department stores primarily in Mexico.

Hess Midstream

Market Cap: US$7.4b

Owns, operates, develops, and acquires midstream assets and provide fee-based services to Hess and third-party customers in the United States.

Voya Financial

Market Cap: US$7.4b

Provides workplace benefits, and savings solutions and technologies in the United States and internationally.

Pinnacle Financial Partners

Market Cap: US$7.3b

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.

Kyndryl Holdings

Market Cap: US$7.3b

Operates as a technology services company and IT infrastructure services provider in the United States, Japan, and internationally.

China Oilfield Services

Market Cap: HK$56.0b

Provides integrated oilfield services in China, Indonesia, Mexico, Norway, the Rest of the Middle East, and internationally.

OneMain Holdings

Market Cap: US$7.2b

A financial service holding company, engages in the consumer finance and insurance businesses in the United States.

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.

Yapi ve Kredi Bankasi

Market Cap: ₺295.5b

Provides commercial banking and financial products and services in Turkey and internationally.

Tianshan Aluminum GroupLtd

Market Cap: CN¥50.3b

Produces and sells primary aluminum, alumina, prebaked anodes, high-purity aluminum, and aluminum deep-processed products and materials in China and internationally.

China Taiping Insurance Holdings

Market Cap: HK$53.9b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

Halyk Bank of Kazakhstan

Market Cap: US$6.8b

Provides corporate and retail banking services primarily in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan.

China Shipbuilding Industry Group Power

Market Cap: CN¥48.1b

China Shipbuilding Industry Group Power Co., Ltd.

Nexi

Market Cap: €5.7b

Provides electronic money and payment services to banks, small and medium-sized enterprises, large international corporations, institutions, and public administrations in Italy, Nordics and Baltics, Germany, Austria, Switzerland, Poland, Southeast Europe, and internationally.

China State Construction International Holdings

Market Cap: HK$51.9b

An investment holding company, engages in the construction business for private and public sectors in Hong Kong, Mainland China, Macau, and internationally.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi

Market Cap: ₺271.5b

Provides corporate, commercial, SME, agricultural, and modern banking products and services in Turkey and internationally.

Sailun Group

Market Cap: CN¥46.2b

Engages in the research and development, manufacturing, and sales of tires, and tire recycling products in China, Europe, the United States, Asia, Africa, and internationally.

Alaska Air Group

Market Cap: US$6.3b

Through its subsidiaries, operates airlines.

PennyMac Financial Services

Market Cap: US$6.3b

Through its subsidiaries, engages in the mortgage banking and investment management activities in the United States.

PharmaEssentia

Market Cap: NT$191.2b

A biopharmaceutical company engages in treatment for human diseases in Taiwan and internationally.

Rithm Capital

Market Cap: US$6.3b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Pegatron

Market Cap: NT$189.2b

Designs, develops, manufactures, and sells computer, communication, and consumer electronic products in Europe, the United States, Taiwan, China, Japan, and internationally.

MTN Nigeria Communications

Market Cap: ₦9.1t

Provides broadband fixed wireless access, telecommunication, and mobile financial services in Nigeria.

Valley National Bancorp

Market Cap: US$6.1b

Operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products.

Commercial International Bank Egypt (CIB)E

Market Cap: ج.م291.3b

Commercial International Bank Egypt (CIB) S.A.E.

Henan Shenhuo Coal Industry and Electricity Power

Market Cap: CN¥42.8b

Henan Shenhuo Coal Industry and Electricity Power Co.

SLM

Market Cap: US$6.0b

Through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States.

Public Power

Market Cap: €5.0b

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

TCC Group Holdings

Market Cap: NT$178.9b

Engages in the production and sale of cement and ready-mix concrete in Taiwan.

IDFC First Bank

Market Cap: ₹517.5b

Provides various banking and financial services in India.

Dangote Cement

Market Cap: ₦8.6t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Huishang Bank

Market Cap: HK$45.1b

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