Global Undervalued based on future growth

Sasol

Market Cap: R68.8b

Operates as a chemical and energy company.

Grupo Aval Acciones y Valores

Market Cap: Col$15.3t

Provides a range of financial services and products to public and private sector customers in Colombia and Central America.

Saigon Thuong Tin Commercial Bank

Market Cap: ₫104.4t

Provides banking products and services to individual and corporate clients.

Inter & Co

Market Cap: US$4.0b

Through its subsidiaries, engages in the banking and spending, investments, insurance brokerage, and inter shop businesses in Brazil and the United States.

Vista Energy. de

Market Cap: Mex$71.4b

Through its subsidiaries, engages in the exploration and production of oil and gas in Latin America.

Kerry Properties

Market Cap: HK$30.3b

An investment holding company, engages in the development, investment, management, and trading of properties in Hong Kong, Mainland China, and the Asia Pacific region.

Signet Jewelers

Market Cap: US$3.9b

Operates as a diamond jewelry retailer.

Murphy Oil

Market Cap: US$3.9b

Operates as an oil and gas exploration and production company in the United States, Canada, and internationally.

Tikehau Capital

Market Cap: €3.3b

An alternative asset management group with €46.1 billion of assets under management (as of 30 June 2024).

China Resources Pharmaceutical Group

Market Cap: HK$30.0b

An investment holding company, engages in the manufacture, distribution, and retail of pharmaceutical and other healthcare products in Mainland China and internationally.

Globe Telecom

Market Cap: ₱221.0b

Engages in the provision of telecommunications services to individual consumers, corporate, and small and medium enterprise clients in the Philippines.

ADMA Biologics

Market Cap: US$3.8b

A biopharmaceutical company, develops, manufactures, and markets specialty plasma-derived biologics for the treatment of immune deficiencies and infectious diseases in the United States and internationally.

Wienerberger

Market Cap: €3.2b

Produces and sells clay blocks, facing bricks, roof tiles, and pavers in Europe West, Europe East, and North America.

Insight Enterprises

Market Cap: US$3.8b

Provides information technology, hardware, software, and services in the United States and internationally.

Doosan Bobcat

Market Cap: ₩5.2t

Engages in the design, manufacturing, marketing, and distribution of compact construction equipment in North America, Europe, the Middle East, Africa, Asia, Latin America, and the Oceania.

Rostelecom

Market Cap: ₽222.8b

Provides digital services and solutions in Russia.

Pampa Energía

Market Cap: AR$5.0t

Operates as an integrated power company in Argentina.

Powertech Technology

Market Cap: NT$111.2b

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 Nuclear Engineering

Market Cap: CN¥26.0b

Engages in the nuclear power, industrial, and civil engineering businesses in China.

Bank of Qingdao

Market Cap: HK$28.4b

Provides various banking products and services in the People’s Republic of China.

Société Foncière Lyonnaise

Market Cap: €3.1b

Société Foncière Lyonnaise Leader in the prime segment of the Parisian commercial real estate market, the firm stands out for the quality of its property portfolio, which is valued at 7.6 billion and is focused on the Central Business District of Paris (#cloud.paris, Edouard VII, Washington Plaza, etc.), and for the quality of its client portfolio, which is composed of prestigious companies.

Air France-KLM

Market Cap: €3.1b

Provides passenger and cargo transportation services worldwide.

LS

Market Cap: ₩5.0t

Engages in electric power, automation, machinery, materials, and energy businesses in South Korea and internationally.

Nine Dragons Paper (Holdings)

Market Cap: HK$28.1b

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

Torex Gold Resources

Market Cap: CA$5.0b

Operates as an intermediate gold producer.

Renasant

Market Cap: US$3.6b

Operates as a bank holding company for Renasant Bank that provides a range of financial, wealth management, fiduciary, and insurance services to retail and commercial customers.

Valaris

Market Cap: US$3.6b

Provides offshore contract drilling services in Brazil, the United Kingdom, U.S.

China Everbright Environment Group

Market Cap: HK$27.6b

An investment holding company, provides environmental solutions worldwide.

Loncin Motor

Market Cap: CN¥25.2b

Manufactures and sells generating sets, agricultural machinery equipment, light-duty power units, and two-wheeled motorcycles in Japan and internationally.

Griffon

Market Cap: US$3.5b

Through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally.

Aedifica/SA

Market Cap: €3.0b

A Regulated Real Estate Company under Belgian law specialised in European healthcare real estate, particularly in elderly care.

First Pacific

Market Cap: HK$27.4b

An investment holding company, engages in the consumer food products, telecommunications, infrastructure, and natural resources businesses in the Philippines, Indonesia, Singapore, the Middle East, Africa, and internationally.

Independent Bank

Market Cap: US$3.5b

Operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States.

China Suntien Green Energy

Market Cap: HK$27.2b

Develops and utilizes clean energy in Mainland China.

Robert Half

Market Cap: US$3.5b

Provides talent solutions and business consulting services in the United States and internationally.

Concentrix

Market Cap: US$3.5b

Designs, builds, and runs integrated customer experience (CX) solutions worldwide.