Hong Kong Materials Undervalued based on future growth

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.

Lingbao Gold Group

Market Cap: HK$22.6b

Primarily engages in mining, processing, smelting, refining, and sale of gold products in the People’s Republic of China.

Dongyue Group

Market Cap: HK$19.8b

An investment holding company, manufactures, distributes, and sells polymers, organic silicone, refrigerants, dichloromethane, liquid alkali, and other products in the People's Republic of China and internationally.

West China Cement

Market Cap: HK$16.9b

An investment holding company, manufactures and sells cement and cement products in the People’s Republic of China, Mozambique, Ethiopia, Democratic Republic of Congo, Other African countries, and internationally.

Tongguan Gold Group

Market Cap: HK$11.0b

An investment holding company, engages in the exploration, mining, processing, smelting, and sale of gold and related products in China.

China XLX Fertiliser

Market Cap: HK$10.4b

An investment holding company, engages in the development, manufacture, and sale of urea primarily in Mainland China and internationally.

Sinofert Holdings

Market Cap: HK$9.7b

An investment holding company, engages in the production, import and export, distribution, and retail of fertilizer raw materials and crop nutrition products in Mainland China and internationally.

Tiangong International

Market Cap: HK$6.8b

Manufactures and sells alloy steel, cutting tools, titanium alloys, and related products.

Global New Material International Holdings

Market Cap: HK$5.4b

An investment holding company, produces and sells pearlescent pigment, functional mica filler, and related products in the People’s Republic of China and South Korea.