Global Materials Undervalued over 20% based on DCF

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.

Nui Nho Stone

Market Cap: ₫886.7b

Engages in the exploitation and production of construction stone and clay products in Vietnam.

Vitreous Glass

Market Cap: CA$43.9m

Vitreous Glass Inc. cleans, crushes, and sells waste glass to the fiberglass manufacturing industry in Canada.

Dynemic Products

Market Cap: ₹3.0b

Engages in the manufacture and sale of dyes and dye intermediates in India.

Suraj Products

Market Cap: ₹2.9b

Engages in the manufacture and sales of sponge iron by direct reduction of iron ore, pig iron, ingots and billet, TMT bars, and generation of power in India.

DS Sigma Holdings Berhad

Market Cap: RM 120.0m

An investment holding company, engages in manufacturing, supplying, and trading of packaging materials and paper products in Malaysia.

BOC Kenya

Market Cap: KSh3.8b

Engages in the manufacture and sale of medical and industrial gases and welding products in Kenya.

Prodigy

Market Cap: ฿938.5m

Engages in the manufacture and distribution of packaging products in Thailand.

RifaLtd

Market Cap: ₩39.2b

Engages in the wholesale of dyestuffs and chemicals in South Korea.

Shinto Paint Company

Market Cap: JP¥4.5b

Manufactures, processes, and sells synthetic resin paints, pigments, synthetic fats/oils, fats/oils, and chemicals in Japan.

PM Thoresen Asia Holdings

Market Cap: ฿920.9m

Manufactures fertilizer and crop care products and provides factory area management services in Vietnam, the Philippines, Madagascar, and internationally.

Colorpak Indonesia

Market Cap: Rp489.7b

Together with its subsidiary, PT Colorpak Flexible Indonesia, operates in the ink, and paint and printing ink industries in Indonesia.

Mitsu Chem Plast

Market Cap: ₹2.7b

Manufactures plastic blow and injection molded products in India and internationally.

Cherng Tay Technology

Market Cap: NT$865.5m

Manufactures and sells adhesives in Taiwan and internationally.

D.P. Wires

Market Cap: ₹2.5b

Manufactures and supplies steel wires, plastic pipes, and plastic films for oil and gas, power, environment, civil, energy, automobile, infrastructure, and other industries in India and internationally.

Riyadh Steel

Market Cap: ر.س95.9m

Riyadh Steel Company engaged in the production of corner bars, straighteners, iron alloys, and processed scrap in the Kingdom of Saudi Arabia.

Krishca Strapping Solutions

Market Cap: ₹2.4b

Engages in the manufacture and wholesale of strapping steel, steel seals, and strapping tools in India.

KD Chem

Market Cap: ₩34.4b

Manufactures and sells fine chemicals in South Korea.

Champion Pacific Indonesia

Market Cap: Rp436.1b

Manufactures and sells flexible packaging products in Indonesia and internationally.

Sephaku Holdings

Market Cap: R392.5m

Operates as a construction materials company in South Africa.

RFBL Flexi Pack

Market Cap: ₹2.3b

Engages in the manufacturing and trading of printed multilayer adhesive laminated flexible plastic packaging materials in India.

Star Paper Mills

Market Cap: ₹2.3b

Manufactures and supplies paper, and paper boards and other related products in India and internationally.

Indian Wood Products

Market Cap: ₹2.2b

Engages in the manufacture and trading of in Katha in India.

Bhagwati Autocast

Market Cap: ₹2.0b

Engages in the manufacture and sale of cast iron and spheroidal graphite iron castings in India.

Superbag Company

Market Cap: JP¥3.2b

Manufactures and markets paper and plastic shopping bags in Japan and internationally.

Resonance Specialties

Market Cap: ₹1.9b

Engages in the manufacture and marketing of specialty chemicals in India and internationally.

Union Plastic

Market Cap: ฿631.3m

Manufactures and sells thermoplastics primarily in Thailand.

Omani Packaging Company SAOG

Market Cap: ر.ع7.3m

Manufactures and sells paper corrugated packaging products in the Sultanate of Oman, the United Arab Emirates, and Qatar.

Huasheng International Holding

Market Cap: HK$136.8m

An investment holding company, engages in the production and sale of ready-mixed commercial concrete in the People’s Republic of China.

Sanginita Chemicals

Market Cap: ₹1.5b

Manufactures and sells cuprous chloride, cupric chloride, and copper sulphate in India and internationally.

Gujarat Intrux

Market Cap: ₹1.4b

Manufactures and supplies stainless, non-alloy, and alloy steel castings in India.

WTEC Group Berhad

Market Cap: RM 60.0m

Manufactures and trades in foam and non-foam products in Malaysia and internationally.

Imaspro Corporation Berhad

Market Cap: RM 58.0m

An investment holding company, engages in the manufacture and distribution of agrochemicals, public health, and environmental science products.

National Plastic Technologies

Market Cap: ₹1.4b

Manufactures and supplies injection moulded plastic products in India.

Jeonjinbio

Market Cap: ₩17.9b

Develops and produces natural bio-pesticides, alternative chemical products, and other biotechnology products.