Global Undervalued based on future growth

SK hynix

Market Cap: ₩810.5t

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

SK Square

Market Cap: ₩91.1t

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$43.1b

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

Muyuan Foods

Market Cap: CN¥262.1b

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

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.

Vedanta

Market Cap: ₹3.1t

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

Kimberly-Clark

Market Cap: US$32.1b

Manufactures and markets personal care products in the United States.

Honda Motor

Market Cap: JP¥5.1t

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

FirstRand

Market Cap: R498.1b

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¥206.7b

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

China State Construction Engineering

Market Cap: CN¥205.8b

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

Bank of Jiangsu

Market Cap: CN¥200.0b

Provides various banking products and services in China.

Devon Energy

Market Cap: US$28.1b

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

Banco do Brasil

Market Cap: R$138.6b

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

Humana

Market Cap: US$23.8b

Provides medical and specialty insurance products in the United States.

Banco Santander (Brasil)

Market Cap: R$117.5b

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

CSC Financial

Market Cap: HK$177.7b

Provides investment banking services in Mainland China and internationally.

MTN Group

Market Cap: R369.2b

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

Wiwynn

Market Cap: NT$687.6b

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.

BOE Technology Group

Market Cap: CN¥147.3b

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

Nanya Technology

Market Cap: NT$661.6b

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

Bank of Nanjing

Market Cap: CN¥137.4b

Provides various financial products and services in China.

Korea Electric Power

Market Cap: ₩29.4t

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

TS Financial Holding

Market Cap: NT$620.4b

Provides various financial products and services.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩28.9t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Saudi Energy

Market Cap: ر.س73.0b

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

China International Capital

Market Cap: HK$152.0b

Provides financial services in Mainland China and internationally.

Global Payments

Market Cap: US$19.3b

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

Traton

Market Cap: €15.7b

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.

Aldar Properties PJSC

Market Cap: د.إ66.5b

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

Bank of Hangzhou

Market Cap: CN¥123.5b

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

China Galaxy Securities

Market Cap: HK$140.4b

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

Unibail-Rodamco-Westfield

Market Cap: €15.0b

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

XCMG Construction Machinery

Market Cap: CN¥119.7b

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

Bank of Beijing

Market Cap: CN¥114.8b

Provides various banking services to individuals and corporates in China.