Global Undervalued Solid Performers

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 25.8b

Engages in the development, manufacture, and sale of chocolate products worldwide.

Repsol

Market Cap: €26.8b

Operates as a multi-energy company in Spain, Peru, the United States, Portugal, and internationally.

Adyen

Market Cap: €26.7b

Operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America.

Dassault Aviation société anonyme

Market Cap: €26.1b

An aerospace company, engages in designing and building military aircraft, business jets, and space systems in France, the United States, and internationally.

Tenaris

Market Cap: €25.5b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

ANTA Sports Products

Market Cap: HK$225.3b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Veeva Systems

Market Cap: US$28.2b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

China Unicom (Hong Kong)

Market Cap: HK$216.6b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

S.F. Holding

Market Cap: CN¥190.2b

Engages in the logistics and freight forwarding services in China and internationally.

Haier Smart Home

Market Cap: CN¥186.8b

Engages in the research, development, production, and sales of smart home appliances.

Dassault Systèmes

Market Cap: €23.1b

Provides software solutions and services worldwide.

Bridgestone

Market Cap: JP¥4.2t

Manufactures and sells tires and rubber products in Japan, China, India, the Asia Pacific, the United States, the Americas, Europe, the Middle East, and Africa.

Reddit

Market Cap: US$26.0b

Operates a digital community in the United States and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥175.7b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

United Therapeutics

Market Cap: US$25.0b

Engages in the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening diseases in the United States and internationally.

W. R. Berkley

Market Cap: US$24.4b

An insurance holding company, operates as a commercial line writer worldwide.

China Tower

Market Cap: HK$187.9b

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

Zoom Communications

Market Cap: US$23.8b

Provides an Artificial Intelligence-first open work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Hyundai MobisLtd

Market Cap: ₩34.7t

Engages in the auto parts business in Korea, China, the United States, Europe, and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥156.0b

Produces and sells alcoholic products in China and internationally.

Shennan Circuits

Market Cap: CN¥149.2b

Engages in the design, manufacture, and sale of printed circuit boards, packaging substrates, and electronic assemblies in China and internationally.

Northern Star Resources

Market Cap: AU$31.3b

Engages in the exploration, development, mining, and processing of gold deposits.

Publicis Groupe

Market Cap: €18.1b

Provides marketing, communications, and digital business transformation services in North America, Europe, the Asia Pacific, Latin America, Africa, and the Middle East.

China United Network Communications

Market Cap: CN¥138.5b

Provides telecommunication services in the People’s Republic of China.

Terumo

Market Cap: JP¥3.2t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

IHH Healthcare Berhad

Market Cap: RM 79.2b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Alpha Dhabi Holding PJSC

Market Cap: د.إ71.2b

Engages in the construction, healthcare, real estate, and hospitality businesses in the United Arab Emirates and internationally.

NAVER

Market Cap: ₩29.3t

Provides online search portal and information services in South Korea and internationally.

Alcoa

Market Cap: US$19.0b

Engages in the bauxite mining, alumina refining, aluminum production, and energy generation business in Australia, Brazil, Canada, Iceland, Norway, Spain, the United States, and internationally.

ZTO Express (Cayman)

Market Cap: US$18.9b

Provides express delivery and other value-added logistics services in the People's Republic of China.

Shionogi

Market Cap: JP¥3.0t

Engages in the research, development, manufacture, and distribution of pharmaceuticals, diagnostic reagents, and medical devices in Japan and internationally.

Santos

Market Cap: AU$26.2b

Explores, develops, produces, transports, and markets hydrocarbons in Australia and Papua New Guinea.

Associated British Foods

Market Cap: UK£13.3b

Engages in the food, ingredients, and retail businesses worldwide.

PTC

Market Cap: US$17.0b

Operates as software company in the Americas, Europe, and the Asia Pacific.

ITT

Market Cap: US$16.6b

Manufactures and sells engineered critical components and customized technology solutions for the transportation, industrial, and energy markets.

Yunnan Aluminium

Market Cap: CN¥113.3b

Produces and sells aluminum primarily in China.