Global Materials Undervalued over 20% based on DCF

Tuticorin Alkali Chemicals and Fertilizers

Market Cap: ₹6.7b

Engages in the manufacturing and selling alkali chemicals in India.

Ultrafabrics HoldingsLtd

Market Cap: JP¥11.2b

Manufactures and sells polyurethane leather products in North America, Japan, Europe, and internationally.

Hwang Kum Steel & Technology

Market Cap: ₩96.8b

Produces and sells stainless steel products in South Korea.

Taoka Chemical Company

Market Cap: JP¥10.7b

Manufactures and sells chemicals, functional materials, and resin additives in Japan and internationally.

Best Agrolife

Market Cap: ₹6.5b

Engages in the manufacture and sale of agrochemical products in India and internationally.

Thantawan Industry

Market Cap: ฿2.1b

Engages in the manufacture and sale of plastic products in Thailand, Europe, rest of Asia, America, Australia, and Africa.

Al Fajar Al Alamia Company SAOG

Market Cap: ر.ع24.4m

Manufactures, sells, and trades explosives and related accessories in the Sultanate of Oman and the United Arab Emirates.

Aries Agro

Market Cap: ₹5.9b

Engages in the manufacture and supply of micronutrients and other nutritional products for plants and animals.

Nahar Poly Films

Market Cap: ₹5.9b

Manufactures and sells bi-axially oriented polypropylene films in India and internationally.

Satia Industries

Market Cap: ₹5.8b

Engages in the manufacture and sale of writing and printing paper in India and internationally.

Cimbeton Hazir Beton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret Anonim Sirketi

Market Cap: ₺2.8b

Engages in the production, sale, trade, and transportation of cement, ready-mixed concrete, bulk and bagged cement, and lime for construction and industrial application in Turkey.

King's Metal Fiber Technologies

Market Cap: NT$1.8b

King's Metal Fiber Technologies Co., Ltd.

HRS

Market Cap: ₩79.8b

Engages in the manufacture and sale of functional silicone rubber and silicone rubber molded products in South Korea.

PT. Polychem Indonesia

Market Cap: Rp1.0t

Produces and sells various chemical products and artificial resin in Indonesia, Asia, and Europe.

Tunas Alfin

Market Cap: Rp994.8b

Engages in the manufacturing and selling of packaging products in Indonesia.

TODA KOGYO

Market Cap: JP¥8.9b

Manufactures and sells functional pigments and electronic materials in Japan and internationally.

Tomoegawa

Market Cap: JP¥8.6b

Engages in the manufacture, process, and sale of electronics parts, display parts, fine particles, functional sheets, and specialty paper products primarily in Japan.

Lam Thao Fertilizers & Chemicals

Market Cap: ₫1.4t

Operates as a fertilizer manufacturing company in Vietnam.

Aarti Surfactants

Market Cap: ₹4.9b

Together with its subsidiary, produces and supplies ionic and non-ionic surfactants, and specialty products for the home and personal care, agro and oil, and industrial applications in India and internationally.

Daily Polymer

Market Cap: NT$1.6b

Manufactures, process, and sells synthetic resins and electronic materials in Taiwan and internationally.

DONGBANGRO

Market Cap: ₩69.3b

Engages in the production and sales of pesticides and fertilizers in South Korea.

Yuki Gosei Kogyo

Market Cap: JP¥7.8b

Researches, develops, manufactures, and markets amino acids, chemical products, and pharmaceuticals in Japan and internationally.

ESGold

Market Cap: CA$66.7m

An exploration stage company, engages in the acquisition, exploration, and evaluation of mineral properties in Canada.

Ko Yo Chemical (Group)

Market Cap: HK$351.4m

An investment holding company, engages in the research and development, manufacture, marketing, and distribution of chemical products and chemical fertilizers in the People’s Republic of China.

Bolak

Market Cap: ₩60.0b

Engages in the manufacture and sale of food ingredients, pharmaceutical raw materials, functional materials, and cosmetic ingredients in South Korea and internationally.

Development Advance SolutionLtd

Market Cap: ₩59.4b

Development Advance Solution Co.,Ltd. installs steel frameworks and products in South Korea.

Bashundhara Paper Mills

Market Cap: ৳4.8b

Engages in the manufacture and marketing of paper products, tissue products, and hygienic products in Bangladesh and internationally.

Song Ho Industrial

Market Cap: NT$1.2b

Manufactures and sells various steel products in Taiwan, Japan, Thailand, Mainland China, Vietnam, and internationally.

Sidma Steel

Market Cap: €32.9m

Engages in processing and trading of steel products in Greece and internationally.

Nippon Kinzoku

Market Cap: JP¥6.0b

Manufactures and sells cold-rolled and polished stainless-steel strips in Japan and internationally.

Alufluoride

Market Cap: ₹3.6b

Manufactures and sells aluminum fluoride and related products for aluminum smelters in India.

National Peroxide

Market Cap: ₹3.6b

Manufactures and sells hydrogen peroxide in India.

Prefab

Market Cap: RON 164.9m

Manufactures and sells concrete products for the construction sector in Muntenia, Moldova, Bulgaria, Transylvania, and the Republic of Moldova.

INternational CArbide Technology

Market Cap: NT$1.2b

INternational CArbide Technology Co., Ltd.

Subur Tiasa Holdings Berhad

Market Cap: RM 141.4m

An investment holding company, engages in the extraction and sale of logs in Malaysia, India, Japan, South Korea, Taiwan, and internationally.

Afaq Holding for Investment & Real Estate Development P.L.C

Market Cap: د.أ24.8m

Afaq Holding for Investment & Real Estate Development Co.