Global Undervalued based on future growth

SK hynix

Market Cap: ₩178.1t

Engages in the manufacture, distribution, and sale of semiconductor products in Korea, China, rest of Asia, the United States, and Europe.

Micron Technology

Market Cap: US$117.4b

Designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.

Lloyds Banking Group

Market Cap: UK£44.9b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

3i Group

Market Cap: UK£39.9b

A private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins.

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.

Ford Motor

Market Cap: US$44.0b

Develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles worldwide.

Vale

Market Cap: R$229.4b

Produces and sells iron ore, iron ore pellets, nickel, and copper in Brazil and internationally.

Emaar Properties PJSC

Market Cap: د.إ135.7b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Daimler Truck Holding

Market Cap: €29.9b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Oil and Natural Gas

Market Cap: ₹3.0t

Engages in the exploration, development, and production of crude oil and natural gas in India and internationally.

Nucor

Market Cap: US$33.0b

Engages in the manufacture and sale of steel and steel products.

China Everbright Bank

Market Cap: CN¥230.2b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Bank of Jiangsu

Market Cap: CN¥209.9b

Provides various banking products and services in China.

Bank of Ningbo

Market Cap: CN¥188.1b

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

Hewlett Packard Enterprise

Market Cap: US$26.0b

Provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

CSC Financial

Market Cap: HK$195.2b

Provides investment banking services in Mainland China and internationally.

CK Hutchison Holdings

Market Cap: HK$193.4b

An investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong, Mainland China, Europe, Canada, Asia, Australia, and internationally.

China Tower

Market Cap: HK$191.2b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Panasonic Holdings

Market Cap: JP¥3.4t

Research, develops, manufactures, sells, and services various electrical and electronic products worldwide.

Gold Fields

Market Cap: R411.4b

Operates as a gold producer with reserves and resources in Australia, South Africa, Ghana, Peru, Chile, and Canada.

Indian Oil

Market Cap: ₹1.9t

Indian Oil Corporation Limited, together with its subsidiaries, refines, pipeline transports, and markets petroleum products in India and internationally.

ASE Technology Holding

Market Cap: NT$662.8b

Provides semiconductor manufacturing services in assembly and testing in the United States, Taiwan, Europe, Asia, and internationally.

Citizens Financial Group

Market Cap: US$20.7b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

BOE Technology Group

Market Cap: CN¥148.6b

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

Nippon Steel

Market Cap: JP¥3.1t

Engages in steelmaking and steel fabrication, engineering and construction, chemicals and materials, and system solutions businesses in Japan and internationally.

Corebridge Financial

Market Cap: US$19.5b

Provides retirement solutions and insurance products in the United States.

Bank of Beijing

Market Cap: CN¥137.0b

Provides various banking services to personal and corporate customers in China.

Vedanta

Market Cap: ₹1.7t

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

Steel Dynamics

Market Cap: US$18.9b

Operates as a steel producer and metal recycler in the United States.

Banco do Brasil

Market Cap: R$104.7b

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

First Solar

Market Cap: US$18.7b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

LyondellBasell Industries

Market Cap: US$18.6b

Operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally.

China Communications Construction

Market Cap: HK$144.1b

Engages in the infrastructure construction, infrastructure design, and dredging businesses in Mainland China, Australia, Hong Kong, Africa, the Middle East, and Southeast Asia.

China Railway Group

Market Cap: CN¥131.5b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Principal Financial Group

Market Cap: US$17.4b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩24.3t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.