Global Undervalued based on future growth

UBS Group

Market Cap: CHF 77.6b

Provides financial advice and solutions to private, institutional, and corporate clients worldwide.

Investor

Market Cap: SEK 887.1b

A private equity firm specializing in mature, middle market, buyouts and growth capital investments.

SK hynix

Market Cap: ₩128.2t

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$90.2b

Designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Mainland China, rest of the Asia Pacific, Hong Kong, Japan, Europe, and internationally.

Postal Savings Bank of China

Market Cap: HK$527.5b

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

Lloyds Banking Group

Market Cap: UK£42.1b

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

3i Group

Market Cap: UK£41.1b

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

Deutsche Bank

Market Cap: €45.7b

A stock corporation, provides corporate and investment banking, private clients, and asset management products and services in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

China CITIC Bank

Market Cap: HK$394.2b

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

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.

Foxconn Industrial Internet

Market Cap: CN¥358.7b

Designs and manufactures communication network and cloud computing equipment, precision tools, and industrial solutions.

Shanghai Pudong Development Bank

Market Cap: CN¥321.7b

Shanghai Pudong Development Bank Co., Ltd.

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.

CITIC

Market Cap: HK$275.8b

Operates in the financial services, advanced intelligent manufacturing, advanced materials, consumption, and urbanization businesses in the Mainland of China, Hong Kong, Macau, Taiwan, and internationally.

Hyundai Motor

Market Cap: ₩41.5t

Manufactures and distributes motor vehicles and parts worldwide.

Nucor

Market Cap: US$28.3b

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

Sun Hung Kai Properties

Market Cap: HK$214.6b

Develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally.

Stellantis

Market Cap: €24.1b

Engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide.

Bank of Jiangsu

Market Cap: CN¥186.4b

Provides various banking products and services in China.

China Tower

Market Cap: HK$195.8b

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

Indian Oil

Market Cap: ₹2.0t

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

China Minsheng Banking

Market Cap: CN¥169.9b

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

Great Wall Motor

Market Cap: HK$175.3b

Engages in the manufacture and sale of automobiles, and automotive parts and components in the People's Republic of China, Europe, ASEAN countries, Latin America, the Middle East, Australia, South Africa, and internationally.

CSC Financial

Market Cap: HK$172.3b

Provides investment banking services in Mainland China and internationally.

Bank of Ningbo

Market Cap: CN¥157.8b

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

CK Hutchison Holdings

Market Cap: HK$167.8b

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.

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.

Steel Dynamics

Market Cap: US$20.2b

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

Super Micro Computer

Market Cap: US$20.1b

Develops and sells high performance server and storage solutions based on modular and open architecture in the United States, Europe, Asia, and internationally.

ASE Technology Holding

Market Cap: NT$582.4b

Provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally.

BOE Technology Group

Market Cap: CN¥141.7b

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

Vedanta

Market Cap: ₹1.6t

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

LyondellBasell Industries

Market Cap: US$18.8b

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

China CSSC Holdings

Market Cap: CN¥131.0b

Engages in the shipbuilding and repair businesses in China.

Bank of Beijing

Market Cap: CN¥126.9b

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

China Railway Group

Market Cap: CN¥126.7b

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