Global Undervalued based on future growth

WPG Holdings

Market Cap: NT$156.3b

Distributes and sells electronic and electrical components, computer software, and electrical products in Taiwan, Mainland China, and internationally.

Powertech Technology

Market Cap: NT$155.9b

Researches, designs, develops, assembles, manufactures, packages, tests, and sells various integrated circuit (IC) products in Taiwan, Japan, Singapore, the United States, Europe, China, Hong Kong, Macao, and internationally.

China Suntien Green Energy

Market Cap: HK$37.7b

Develops and utilizes clean energy in Mainland China.

Beijing Roborock Technology

Market Cap: CN¥33.1b

Engages design, research and development, production, and sales of intelligent sweeping robots in China.

Copa Holdings

Market Cap: US$4.8b

Through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean.

Pampa Energía

Market Cap: AR$6.6t

Operates as an integrated power company in Argentina.

Grupo Aval Acciones y Valores

Market Cap: Col$17.5t

Provides a range of financial services and products in Colombia and Central America.

Alamtri Minerals Indonesia

Market Cap: Rp80.3t

Engages in metallurgical coal mining business in Indonesia.

Bank of Chongqing

Market Cap: HK$37.1b

Provides various banking and services for corporate and individual customers in the People’s Republic of China.

Nine Dragons Paper (Holdings)

Market Cap: HK$37.0b

Manufactures and sells packaging paper, printing and writing paper, and specialty paper products and pulp in the People’s Republic of China.

Axos Financial

Market Cap: US$4.7b

Operates as a consumer and business banking provider in the United States.

Türk Telekomünikasyon Anonim Sirketi

Market Cap: ₺207.4b

Operates as an integrated telecommunication company in Turkey.

Hankook Tire & Technology

Market Cap: ₩7.1t

Manufactures and sells tires in South Korea and internationally.

Commercial Bank (P.S.Q.C.)

Market Cap: ر.ق17.0b

Engages in the conventional banking, brokerage, and credit card businesses in Qatar and internationally.

Asia Commercial Bank

Market Cap: ₫122.0t

Provides various banking products and services to personal and business customers in Vietnam.

Bank of East Asia

Market Cap: HK$36.3b

Provides various banking and related financial services.

Alkermes

Market Cap: US$4.6b

A biopharmaceutical company, engages in the research, development, and commercialization of pharmaceutical products to address unmet medical needs of patients in therapeutic areas in the United States, Ireland, and internationally.

PennyMac Financial Services

Market Cap: US$4.6b

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

Saigon Thuong Tin Commercial Bank

Market Cap: ₫119.3t

Provides banking products and services to individual and corporate clients.

Coca-Cola Içecek Anonim Sirketi

Market Cap: ₺199.6b

Engages in the production, sale, and distribution of sparkling and still beverages in Turkey, Pakistan, Bangladesh, Central Asia, and the Middle East.

Tianneng Battery Group

Market Cap: CN¥31.0b

Researches, develops, produces, and sells electric special vehicle and new energy vehicle power batteries, automotive start-stop batteries, energy storage batteries, 3C batteries, backup batteries, and fuel cells in China and internationally.

Banco Macro

Market Cap: AR$6.3t

Provides various banking products and services to retail and corporate customers in Argentina.

Torex Gold Resources

Market Cap: CA$6.1b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Haci Ömer Sabanci Holding

Market Cap: ₺195.8b

Engages in the management and coordination of companies in the finance, manufacturing, and trade sectors in Turkey and internationally.

Keda Industrial Group

Market Cap: CN¥30.5b

Manufactures and sells building material machinery in China.

e.l.f. Beauty

Market Cap: US$4.4b

A beauty company, provides cosmetics and skin care products worldwide.

Lygend Resources & Technology

Market Cap: HK$34.5b

Engages in the production, smelting, and trading of nickel products in Mainland China and internationally.

Victory Capital Holdings

Market Cap: US$4.4b

Operates as an asset management company in the United States and internationally.

Travel + Leisure

Market Cap: US$4.4b

Provides hospitality services and travel products in the United States and internationally.

Yadea Group Holdings

Market Cap: HK$34.4b

An investment holding company, engages in the development, manufacture, and sale of electric two-wheeled vehicles and related accessories under the Yadea brand in the People’s Republic of China.

Gentera. de

Market Cap: Mex$77.6b

Provides various financial products and services in Mexico and Peru.

Brink's

Market Cap: US$4.3b

Provides cash and valuables management, digital retail solutions (DRS), and automated teller machines (ATM) managed services in North America, Latin America, Europe, and internationally.

Oil and Gas Development

Market Cap: PK₨1.2t

Explores for, develops, produces, and sells oil and gas resources in Pakistan.

K92 Mining

Market Cap: CA$5.9b

Engages in the exploration and development of mineral deposits in Papua New Guinea.

Trimegah Bangun Persada

Market Cap: Rp72.1t

PT Trimegah Bangun Persada TBK engages in the nickel ore mining and processing in Indonesia and distributes the products to China, Switzerland, Hong Kong, Sweden, and Singapore.

Moelis

Market Cap: US$4.2b

Operates as an investment banking advisory company in North and South America, Europe, the Middle East, Asia, and Australia.