Global Undervalued based on future growth

Samsung Electronics

Market Cap: ₩1922.2t

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

SK hynix

Market Cap: ₩1450.6t

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

AXIA Energia

Market Cap: US$143.9b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

Ping An Insurance (Group) Company of China

Market Cap: CN¥935.6b

Ping An Insurance (Group) Company of China, Ltd.

PDD Holdings

Market Cap: US$117.6b

A multinational commerce group that owns and operates a portfolio of businesses.

Zijin Mining Group

Market Cap: CN¥719.5b

Engages in exploration and extraction of metals in Mainland China and internationally.

SK Square

Market Cap: ₩155.8t

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

Mercedes-Benz Group

Market Cap: €44.1b

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.

Bayerische Motoren Werke

Market Cap: €41.7b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Shanghai Pudong Development Bank

Market Cap: CN¥319.4b

Provides commercial banking products and services in China and internationally.

Roche Holding

Market Cap: CHF 34.6b

Engages in the pharmaceuticals and diagnostics businesses in Europe, North America, Latin America, Asia, Africa, Australia, and New Zealand.

People's Insurance Company (Group) of China

Market Cap: HK$324.3b

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

China CSSC Holdings

Market Cap: CN¥263.8b

Engages in the shipbuilding and repair businesses in China.

JD.com

Market Cap: US$38.6b

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

Daimler Truck Holding

Market Cap: €31.5b

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

CSL

Market Cap: AU$50.0b

Engages in the research, development, manufacture, market, and distribution of biopharmaceutical products and vaccines in Australia, the United States, Germany, the United Kingdom, Switzerland, China, Hong Kong, and internationally.

China Hongqiao Group

Market Cap: HK$261.0b

An investment holding company, manufactures and sells aluminum products in the People's Republic of China, India, Europe, Malaysia, North America, the rest of Southeast Asia, and internationally.

Shandong Hongqiao Aluminum Industry Holding

Market Cap: CN¥223.4b

Engages in the research, development, production, and sale of aluminum products in China and internationally.

Nanya Technology

Market Cap: NT$1.0t

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

Bank of Ningbo

Market Cap: CN¥215.9b

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

Bank of Jiangsu

Market Cap: CN¥215.3b

Provides various banking products and services in China.

Royalty Pharma

Market Cap: US$31.6b

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

FirstRand

Market Cap: R510.0b

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

Wiwynn

Market Cap: NT$941.3b

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.

3i Group

Market Cap: UK£22.2b

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

Muyuan Foods Group

Market Cap: CN¥194.3b

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

Geely Automobile Holdings

Market Cap: HK$208.3b

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

CSC Financial

Market Cap: HK$202.3b

Provides investment banking services in Mainland China and internationally.

Aluminum Corporation of China

Market Cap: HK$192.8b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Bunge Global

Market Cap: US$24.3b

Operates as an agribusiness and food company worldwide.

MTN Group

Market Cap: R392.1b

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

Guangdong Songfa CeramicsLtd

Market Cap: CN¥147.8b

Produces and sells ceramic products in China and internationally.

Winbond Electronics

Market Cap: NT$670.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Banco do Brasil

Market Cap: R$109.1b

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

SK

Market Cap: ₩31.6t

Engages in petroleum refining, telecommunications, wholesale and retail, chemicals, construction, and other businesses in Korea.