Global Undervalued based on future growth

SK hynix

Market Cap: ₩729.8t

Research, develops manufactures, and sells semiconductor devices in Korea, China, rest of Asia, the United States, and Europe.

SK Square

Market Cap: ₩76.6t

Invests in semiconductor, and information and communication technologies in South Korea, China, Asia, the United States, and Europe.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

JD.com

Market Cap: US$39.7b

Operates as a supply chain-based technology and service provider in the People’s Republic of China and Europe.

Muyuan Foods

Market Cap: CN¥249.3b

Operates as a pork company in the hog farming industry in China.

Kimberly-Clark

Market Cap: US$32.1b

Manufactures and markets personal care products in the United States.

Vedanta

Market Cap: ₹2.9t

A diversified natural resources company, explores, extracts, and processes minerals, and oil and gas in India, Europe, China, the United States, Mexico, and internationally.

Honda Motor

Market Cap: JP¥4.9t

Develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally.

China State Construction Engineering

Market Cap: CN¥203.3b

Operates as an investment and construction company in China and internationally.

Devon Energy

Market Cap: US$29.7b

An independent energy company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

FirstRand

Market Cap: R487.2b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

Bank of Ningbo

Market Cap: CN¥201.5b

Provides various personal and business banking products and services in the People's Republic of China.

Bank of Jiangsu

Market Cap: CN¥198.4b

Provides various banking products and services in China.

Banco do Brasil

Market Cap: R$141.3b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Banco Santander (Brasil)

Market Cap: R$119.7b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Humana

Market Cap: US$23.1b

Provides medical and specialty insurance products in the United States.

CSC Financial

Market Cap: HK$177.3b

Provides investment banking services in Mainland China and internationally.

MTN Group

Market Cap: R369.3b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

BOE Technology Group

Market Cap: CN¥147.4b

Operates display, Internet of Things (IoT) innovation, sensor, and MLED, smart medicine engineering, and other business in Mainland China and internationally.

Wiwynn

Market Cap: NT$677.4b

Engages in the research, development, design, testing, and sales of semi products, and peripheral equipment and parts in the United States, Europe, Asia, and internationally.

Bank of Nanjing

Market Cap: CN¥134.8b

Provides various financial products and services in China.

Traton

Market Cap: €16.5b

Manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally.

Saudi Energy

Market Cap: ر.س72.9b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

TS Financial Holding

Market Cap: NT$600.5b

Provides various financial products and services.

China International Capital

Market Cap: HK$148.1b

Provides financial services in Mainland China and internationally.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩27.5t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Korea Electric Power

Market Cap: ₩27.1t

Engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

Bank of Hangzhou

Market Cap: CN¥124.5b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Global Payments

Market Cap: US$18.0b

Provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific.

XCMG Construction Machinery

Market Cap: CN¥121.8b

Engages in the manufacturing and sale of construction machinery in China.

China Galaxy Securities

Market Cap: HK$139.2b

Provides various financial services in China, Hong Kong, and internationally.

Zhejiang Century Huatong GroupLtd

Market Cap: CN¥118.6b

Engages in the auto parts, Internet games, and artificial intelligence cloud data businesses in China and internationally.

Aldar Properties PJSC

Market Cap: د.إ63.7b

Engages in real estate development, investment, construction, leasing, management, sale, and associated services in the United Arab Emirates.

Unibail-Rodamco-Westfield

Market Cap: €14.7b

Unibail-Rodamco-Westfield (URW) operates vibrant retail-anchored destinations in many of the world’s best cities and urban areas.

COSCO SHIPPING Energy Transportation

Market Cap: HK$133.8b

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

Bank of Beijing

Market Cap: CN¥114.0b

Provides various banking services to individuals and corporates in China.