Global Undervalued based on future growth

UBS Group

Market Cap: CHF 95.8b

Provides financial advice and solutions to private, institutional, and corporate clients worldwide.

Micron Technology

Market Cap: US$117.4b

Designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Singapore, Japan, Malaysia, China, India, and internationally.

3i Group

Market Cap: UK£39.7b

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

General Motors

Market Cap: US$50.0b

Designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.

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.

Ford Motor

Market Cap: US$43.1b

Develops, delivers, and services Ford trucks, sport utility vehicles, commercial vans and cars, and Lincoln luxury vehicles worldwide.

Emaar Properties PJSC

Market Cap: د.إ135.7b

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

Daimler Truck Holding

Market Cap: €29.7b

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

Oil and Natural Gas

Market Cap: ₹3.0t

Engages in the exploration, development, and production of crude oil and natural gas in India and internationally.

China Everbright Bank

Market Cap: CN¥231.1b

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.

Nucor

Market Cap: US$32.0b

Engages in the manufacture and sale of steel and steel products.

Bank of Jiangsu

Market Cap: CN¥212.1b

Provides various banking products and services in China.

Hewlett Packard Enterprise

Market Cap: US$26.0b

Provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan.

Bank of Ningbo

Market Cap: CN¥186.4b

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

CSC Financial

Market Cap: HK$195.9b

Provides investment banking services in Mainland China and internationally.

Gold Fields

Market Cap: R447.2b

Operates as a gold producer with reserves and resources in Australia, South Africa, Ghana, Peru, Chile, and Canada.

CK Hutchison Holdings

Market Cap: HK$193.0b

An investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong, Mainland China, Europe, Canada, Asia, Australia, and internationally.

China Tower

Market Cap: HK$192.5b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Panasonic Holdings

Market Cap: JP¥3.4t

Research, develops, manufactures, sells, and services various electrical and electronic products worldwide.

Indian Oil

Market Cap: ₹2.0t

Indian Oil Corporation Limited, together with its subsidiaries, refines, pipeline transports, and markets petroleum products in India and internationally.

ASE Technology Holding

Market Cap: NT$641.0b

Provides semiconductor manufacturing services in assembly and testing in the United States, Taiwan, Europe, Asia, and internationally.

BOE Technology Group

Market Cap: CN¥148.3b

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

Citizens Financial Group

Market Cap: US$20.3b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

First Solar

Market Cap: US$19.7b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Banco do Brasil

Market Cap: R$106.9b

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

Vedanta

Market Cap: ₹1.7t

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

Bank of Beijing

Market Cap: CN¥136.8b

Provides various banking services to personal and corporate customers in China.

Corebridge Financial

Market Cap: US$19.0b

Provides retirement solutions and insurance products in the United States.

China Communications Construction

Market Cap: HK$143.8b

Engages in the infrastructure construction, infrastructure design, and dredging businesses in Mainland China, Australia, Hong Kong, Africa, the Middle East, and Southeast Asia.

China Railway Group

Market Cap: CN¥131.5b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Steel Dynamics

Market Cap: US$18.2b

Operates as a steel producer and metal recycler in the United States.

Korea Electric Power

Market Cap: ₩23.9t

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

HD Korea Shipbuilding & Offshore Engineering

Market Cap: ₩23.9t

HD Korea Shipbuilding & Offshore Engineering Co., Ltd.

Traton

Market Cap: €14.7b

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.

Continental

Market Cap: €14.6b

A technology company, provides solutions for vehicles, machines, traffic, and transportation worldwide.

Principal Financial Group

Market Cap: US$16.8b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.