Global Undervalued based on future growth

Samsung Electronics

Market Cap: ₩1495.3t

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

SK hynix

Market Cap: ₩1015.3t

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

Banco Santander

Market Cap: €146.5b

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

SK Square

Market Cap: ₩130.7t

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

Mercedes-Benz Group

Market Cap: €45.5b

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.

China CSSC Holdings

Market Cap: CN¥314.3b

Engages in the shipbuilding and repair businesses in China.

AngloGold Ashanti

Market Cap: US$45.9b

Operates as a gold mining company in Africa, Australia, and the Americas.

Shanghai Pudong Development Bank

Market Cap: CN¥308.7b

Shanghai Pudong Development Bank Co., Ltd.

People's Insurance Company (Group) of China

Market Cap: HK$338.5b

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

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.

Muyuan Foods

Market Cap: CN¥266.0b

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.

Bank of Ningbo

Market Cap: CN¥219.2b

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

Honda Motor

Market Cap: JP¥4.9t

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

Bank of Jiangsu

Market Cap: CN¥207.4b

Provides various banking products and services in China.

FirstRand

Market Cap: R489.8b

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

Banco do Brasil

Market Cap: R$125.1b

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

Nanya Technology

Market Cap: NT$794.8b

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

CSC Financial

Market Cap: HK$186.2b

Provides investment banking services in Mainland China and internationally.

MTN Group

Market Cap: R388.5b

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

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩33.2t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

BOE Technology Group

Market Cap: CN¥150.7b

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$107.5b

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

Bank of Nanjing

Market Cap: CN¥145.3b

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

Guangdong Songfa CeramicsLtd

Market Cap: CN¥145.1b

Produces and sells ceramic products in China and internationally.

China International Capital

Market Cap: HK$155.1b

Provides financial services in Mainland China and internationally.

Global Payments

Market Cap: US$19.8b

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

Korea Electric Power

Market Cap: ₩28.6t

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

Saudi Energy

Market Cap: ر.س72.8b

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

Traton

Market Cap: €16.3b

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.

TS Financial Holding

Market Cap: NT$589.3b

Provides various financial products and services.

Bank of Hangzhou

Market Cap: CN¥126.1b

Provides various banking products and services in China.

China Galaxy Securities

Market Cap: HK$136.9b

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

China Railway Group

Market Cap: CN¥117.7b

Engages in the construction and engineering contractor business in China and internationally.

XCMG Construction Machinery

Market Cap: CN¥116.8b

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