Global Undervalued based on future growth

Samsung Electronics

Market Cap: ₩1716.3t

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

SK hynix

Market Cap: ₩1183.1t

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

SK Square

Market Cap: ₩144.8t

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

Mercedes-Benz Group

Market Cap: €47.1b

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¥309.7b

Engages in the shipbuilding and repair businesses in China.

Shanghai Pudong Development Bank

Market Cap: CN¥302.1b

Provides commercial banking products and services in China and internationally.

JD.com

Market Cap: US$41.3b

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

Muyuan Foods

Market Cap: CN¥259.4b

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

Oil and Natural Gas

Market Cap: ₹3.5t

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: €30.9b

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

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 Ningbo

Market Cap: CN¥211.6b

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

Bank of Jiangsu

Market Cap: CN¥207.2b

Provides various banking products and services in China.

FirstRand

Market Cap: R498.3b

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

Royalty Pharma

Market Cap: US$29.2b

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

Nanya Technology

Market Cap: NT$849.0b

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

Banco do Brasil

Market Cap: R$124.4b

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

Bunge Global

Market Cap: US$24.2b

Operates as an agribusiness and food company worldwide.

CSC Financial

Market Cap: HK$186.2b

Provides investment banking services in Mainland China and internationally.

MTN Group

Market Cap: R385.3b

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

BOE Technology Group

Market Cap: CN¥153.9b

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

Guangdong Songfa CeramicsLtd

Market Cap: CN¥150.0b

Produces and sells ceramic products in China and internationally.

Banco Santander (Brasil)

Market Cap: R$106.7b

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

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.

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩32.0t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Bank of Nanjing

Market Cap: CN¥140.0b

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

China International Capital

Market Cap: HK$156.3b

Provides financial services in Mainland China and internationally.

Traton

Market Cap: €16.5b

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.

Korea Electric Power

Market Cap: ₩28.3t

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

Global Payments

Market Cap: US$18.9b

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

TS Financial Holding

Market Cap: NT$591.8b

Provides various financial products and services.

Saudi Energy

Market Cap: ر.س70.2b

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

Bank of Hangzhou

Market Cap: CN¥121.7b

Provides various banking products and services in China.

COSCO SHIPPING Energy Transportation

Market Cap: HK$139.3b

An investment holding company, engages in the transportation of oil and liquefied natural gas (LNG) in People’s Republic of China and internationally.

Raiffeisen Bank International

Market Cap: €15.0b

Offers banking services to corporate, retail, and institutional customers.