Global Materials Undervalued over 20% based on DCF

MEC

Market Cap: JP¥121.8b

Engages in the research and development, production, and sale of chemicals, equipment, and related materials for the production of printed circuit boards in Japan, Taiwan, Hong Kong, China, Thailand, and Europe.

Riyadh Cement

Market Cap: ر.س2.8b

Produces and sells cement in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, the State of Iraq, State of Yemen, the Hashemite Kingdom of Jordan, and the Sultanate of Oman.

TMK Chemical Bhd

Market Cap: RM 2.8b

Engages in sourcing, processing, and distribution of inorganic chemicals and value-added services in Malaysia, Vietnam, Singapore, Indonesia, Brunei and internationally.

Shanghai Yaohua Pilkington Glass Group

Market Cap: CN¥4.7b

Shanghai Yaohua Pilkington Glass Group Co., Ltd.

OSAKA Titanium technologiesLtd

Market Cap: JP¥110.0b

Manufactures and sells titanium products in Japan, the United States of America, China, and internationally.

Wagners Holding

Market Cap: AU$948.7m

Engages in the production and sale of construction materials and related building materials in Australia, the United States, New Zealand, the United Kingdom, and Malaysia.

Griffin Mining

Market Cap: UK£498.0m

A mining and investment company, engages in the mining, exploration, and development of mineral properties.

Gujarat State Fertilizers & Chemicals

Market Cap: ₹63.5b

Produces and sells fertilizers and chemicals in India.

Zhejiang Dragon Technology

Market Cap: CN¥4.4b

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

Saudi Paper Manufacturing

Market Cap: ر.س2.4b

Engages in the purchase, manufacture, and distribution of paper pulp and tissue paper products in the Kingdom of Saudi Arabia, the Gulf Cooperation Council countries, and internationally.

Zhejiang Rongsheng Environmental Protection Paper

Market Cap: CN¥4.2b

Zhejiang Rongsheng Environmental Protection Paper Co., Ltd.

Shandong Yanggu Huatai Chemical

Market Cap: CN¥4.2b

Shandong Yanggu Huatai Chemical Co., Ltd.

Universal Cement

Market Cap: NT$18.4b

Research, produces, manufactures, and sells cement, ready-mixed concrete, and gypsum board panels in Taiwan.

Marshalls

Market Cap: UK£423.6m

Manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally.

Tongyi Carbon Neutral Technology (Xinjiang)

Market Cap: CN¥3.9b

Engages in the research and development, production, and sale of lubricants in China.

SAMPYO Cement

Market Cap: ₩785.8b

Engages in the manufacture and distribution of cement in South Korea.

Prism Johnson

Market Cap: ₹53.9b

An integrated building materials company, manufactures and sells cement, tiles, and ready-mixed concrete in India and internationally.

Double Bond Chemical Ind

Market Cap: NT$17.7b

Manufactures and sells fine chemicals with focus on the polymer and UV-coating industries in Taiwan and internationally.

Nanjing Well Pharmaceutical GroupLtd

Market Cap: CN¥3.6b

Nanjing Well Pharmaceutical Group Co.,Ltd.

Sinon

Market Cap: NT$16.7b

Manufactures and sells various pesticides, chemicals, and fertilizers.

Eastern Polymer Group

Market Cap: ฿17.1b

Through its subsidiaries, engages in the manufacture and distribution of rubber insulation, automotive, and plastic packing products in Thailand and internationally.

Allied Supreme

Market Cap: NT$16.5b

Manufactures and sells fluoropolymer resin in China, America, and Taiwan.

Ho Tung Chemical

Market Cap: NT$16.3b

Manufactures, processes, and sells chemical products in Taiwan, China, Southeast Asia, and internationally.

Oman Cement Company SAOG

Market Cap: ر.ع196.5m

Manufactures and sells cement and related products in the Sultanate of Oman and other GCC countries.

Vassiliko Cement Works

Market Cap: €431.6m

Engages in the production and sale of clinker and cement products in Cyprus and Israel.

CHC Resources

Market Cap: NT$15.9b

Produces, processes, and sells construction materials in Taiwan and internationally.

Aurelia Metals

Market Cap: AU$694.3m

Engages in the exploration and production of mineral properties in Australia.

Tomoku

Market Cap: JP¥77.8b

Engages in the corrugated container and display carton, housing, transportation, and logistics businesses in Japan and internationally.

Jiangsu Hengxing New Material TechnologyLtd

Market Cap: CN¥3.3b

Jiangsu Hengxing New Material Technology Co.,Ltd.

Samator Indo Gas

Market Cap: Rp8.5t

Produces, markets, and distributes industrial gases in Indonesia.

Vysarn

Market Cap: AU$648.6m

Provides water services to various sectors, including resources, urban development, government and utilities in Australia.

Miwon Specialty Chemical

Market Cap: ₩643.2b

Engages in the manufacture and sales of energy-curing resins in Korea and internationally.

Ibstock

Market Cap: UK£339.7m

Manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom.

FuJian Nox Bellcow Holdings

Market Cap: CN¥3.1b

Manufactures cosmetics and personal care products.

AltynGold

Market Cap: UK£336.2m

Engages in the exploration and development of gold producing mine in the Republic of Kazakhstan.

Dongwon Systems

Market Cap: ₩627.0b

A packaging company, manufactures and markets packaging materials in South Korea.