Global Undervalued based on future growth

SK hynix

Market Cap: ₩649.7t

Manufactures, distributes, and sells semiconductor products in Korea, China, rest of Asia, the United States, and Europe.

Banco Santander

Market Cap: €140.7b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

Apollo Global Management

Market Cap: US$63.5b

A private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets.

SK Square

Market Cap: ₩74.8t

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.

CITIC

Market Cap: HK$345.0b

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

JD.com

Market Cap: US$36.0b

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

Honda Motor

Market Cap: JP¥5.6t

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

Emaar Properties PJSC

Market Cap: د.إ129.5b

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

FirstRand

Market Cap: R516.1b

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

Vedanta

Market Cap: ₹2.8t

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

China State Construction Engineering

Market Cap: CN¥206.6b

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

Bank of Jiangsu

Market Cap: CN¥194.3b

Provides various banking products and services in China.

Banco do Brasil

Market Cap: R$148.1b

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

China Everbright Bank

Market Cap: CN¥186.5b

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.

Wiwynn

Market Cap: NT$784.2b

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.

BOE Technology Group

Market Cap: CN¥164.1b

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

Banco Santander (Brasil)

Market Cap: R$124.8b

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

CSC Financial

Market Cap: HK$183.6b

Provides investment banking services in Mainland China and internationally.

Bunge Global

Market Cap: US$22.3b

Operates as an agribusiness and food company worldwide.

Humana

Market Cap: US$22.1b

Provides medical and specialty insurance products in the United States.

Great Wall Motor

Market Cap: HK$170.3b

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.

Geely Automobile Holdings

Market Cap: HK$163.5b

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

Korea Electric Power

Market Cap: ₩30.9t

An integrated electric utility company, engages in the generation, transmission, and distribution of electricity in South Korea and internationally.

Aldar Properties PJSC

Market Cap: د.إ76.7b

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

XCMG Construction Machinery

Market Cap: CN¥142.3b

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

Bank of Nanjing

Market Cap: CN¥139.5b

Provides various financial products and services in China.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩28.8t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Super Micro Computer

Market Cap: US$19.4b

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

TS Financial Holding

Market Cap: NT$610.5b

Provides various financial products and services.

Emaar Development PJSC

Market Cap: د.إ70.0b

Develops and sells residential and commercial build-to-sell properties in the United Arab Emirates.

China Galaxy Securities

Market Cap: HK$149.0b

Provides various financial services in the People’s Republic of China.

Chery Automobile

Market Cap: HK$147.0b

Designs, develops, manufactures, and sells passenger vehicles in the People's Republic of China, rest of Asia, Europe, Americas, Oceania, and internationally.

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.

Li Auto

Market Cap: US$17.6b

Operates in the energy vehicle market in the People’s Republic of China.

Bank of Hangzhou

Market Cap: CN¥120.1b

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