Global Undervalued based on future growth

Samsung Electronics

Market Cap: ₩1898.2t

Engages in the consumer electronics, information technology and mobile communications, and device solutions businesses worldwide.

SK hynix

Market Cap: ₩1453.4t

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

Ping An Insurance (Group) Company of China

Market Cap: CN¥970.2b

Ping An Insurance (Group) Company of China, Ltd.

SK Square

Market Cap: ₩155.7t

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

Mercedes-Benz Group

Market Cap: €47.3b

Operates as an automotive company in Europe, Germany, North America, the United States, Asia, 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.

Shanghai Pudong Development Bank

Market Cap: CN¥308.7b

Provides commercial banking products and services in China and internationally.

People's Insurance Company (Group) of China

Market Cap: HK$337.8b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

China CSSC Holdings

Market Cap: CN¥291.2b

Engages in the shipbuilding and repair businesses in China.

JD.com

Market Cap: US$41.2b

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

Oil and Natural Gas

Market Cap: ₹3.6t

Engages in the exploration, development, production, and distribution of crude oil, natural gas, and value-added products in India and internationally.

Daimler Truck Holding

Market Cap: €32.0b

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

Prudential Financial

Market Cap: US$36.2b

Provides financial products and services in the United States, Japan and internationally.

CSL

Market Cap: AU$47.0b

Engages in the research, development, manufacture, market, and distribution of biopharmaceutical products and vaccines in Australia, the United States, Germany, the United Kingdom, Switzerland, China, Hong Kong, and internationally.

Muyuan Foods

Market Cap: CN¥218.4b

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

3i Group

Market Cap: UK£23.5b

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

Royalty Pharma

Market Cap: US$31.4b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

FirstRand

Market Cap: R512.4b

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

Wiwynn

Market Cap: NT$981.2b

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 Ningbo

Market Cap: CN¥204.2b

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

Nanya Technology

Market Cap: NT$940.4b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Bank of Jiangsu

Market Cap: CN¥202.8b

Provides various banking products and services in China.

Geely Automobile Holdings

Market Cap: HK$207.7b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Banco do Brasil

Market Cap: R$123.6b

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

CSC Financial

Market Cap: HK$192.5b

Provides investment banking services in Mainland China and internationally.

MTN Group

Market Cap: R385.5b

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

Bunge Global

Market Cap: US$23.4b

Operates as an agribusiness and food company worldwide.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩31.5t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Banco Santander (Brasil)

Market Cap: R$103.5b

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

Winbond Electronics

Market Cap: NT$634.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Global Payments

Market Cap: US$20.0b

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

China International Capital

Market Cap: HK$155.3b

Provides financial services in Mainland China and internationally.

Guangdong Songfa CeramicsLtd

Market Cap: CN¥133.2b

Produces and sells ceramic products in China and internationally.

Traton

Market Cap: €16.9b

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.

Bank of Nanjing

Market Cap: CN¥133.0b

Engages in the provision of various financial products and services in China.

Hengli PetrochemicalLtd

Market Cap: CN¥131.6b

Engages in petrochemical industry in China and internationally.