Global Undervalued Solid Performers

Yadea Group Holdings

Market Cap: HK$40.3b

An investment holding company, engages in the development, manufacture, and sale of electric two-wheeled vehicles and related accessories under the Yadea brand in the People’s Republic of China.

E Ink Holdings

Market Cap: NT$163.4b

Researches, develops, manufactures, and sells electronic paper display panels worldwide.

Bank OZK

Market Cap: US$5.1b

Operates as a full-service Arkansas state-chartered bank that provides retail and commercial banking services.

Avic Aviation High-Technology

Market Cap: CN¥34.9b

Researches, develops, manufactures, and sells aviation new materials and intelligent equipment in China.

Anjoy Foods Group

Market Cap: CN¥34.9b

Engages in the research, development, processing, production, wholesaling, retailing, and sale of quick-frozen food products in China.

Zhejiang Crystal-Optech

Market Cap: CN¥34.2b

Engages in the research, development, and sale of optical and optoelectronics products in China.

United Integrated Services

Market Cap: NT$156.6b

Provides engineering construction services in Taiwan, Mainland China, Singapore, the United states, and Japan.

Mercury General

Market Cap: US$4.9b

Engages in writing personal automobile insurance in the United States.

ExlService Holdings

Market Cap: US$4.8b

Operates as a data and artificial intelligence (“AI”) company in the North America, the United Kingdom, Europe, and internationally.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥32.6b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Kobe Bussan

Market Cap: JP¥746.9b

Primarily engages in the manufacture, wholesale, and retail food products, and franchise supermarket chain in Japan.

Graham Holdings

Market Cap: US$4.6b

Through its subsidiaries, operates as a diversified holding company in the United States and internationally.

S.N. Nuclearelectrica

Market Cap: RON 20.1b

Engages in the production and transmission of electricity and thermal energy in Romania.

JD Sports Fashion

Market Cap: UK£3.4b

Engages in the retail of branded sports fashion and outdoor clothing, footwear, accessories, and equipment for women and men in the United Kingdom, Europe, North America, the Asia Pacific, and internationally.

MeiHua Holdings GroupLtd

Market Cap: CN¥31.2b

Manufactures nutritional products and solutions in China and internationally.

Hankook Tire & Technology

Market Cap: ₩6.5t

Manufactures and sells tires in South Korea and internationally.

Atlas Arteria

Market Cap: AU$6.2b

Owns, develops, and operates toll roads in France, Germany, Australia, Bermuda, and the United States.

International Bancshares

Market Cap: US$4.2b

A multibank financial holding company, engages in the provision of commercial and retail banking services in Texas and the State of Oklahoma.

Sugi HoldingsLtd

Market Cap: JP¥669.4b

Operates drugstores in Japan.

Hisense Visual Technology

Market Cap: CN¥28.7b

Engages in the research and development, production, and sales of display chips and internet operation services in China and internationally.

Anhui Yingjia Distillery

Market Cap: CN¥28.4b

Operates in the brewing industry in China.

Yifeng Pharmacy Chain

Market Cap: CN¥28.4b

Engages in the retail business of pharmaceutical products in China.

Hisense Home Appliances Group

Market Cap: CN¥28.0b

Engages in the research, development, manufacture, marketing, and servicing of home appliances in the People’s Republic of China and internationally.

L.D.C

Market Cap: €3.5b

Produces and sells poultry and processed products in France and internationally.

E-L Financial

Market Cap: CA$5.6b

Operates as an investment and insurance holding company in Canada.

Sinoma International EngineeringLtd

Market Cap: CN¥27.4b

Operates in the cement technology equipment and engineering services industry in China and internationally.

KLCC Property Holdings Berhad

Market Cap: RM 16.0b

KLCC Property Holdings Berhad (KLCCP) and KLCC Real Estate Investment Trust (KLCC REIT), collectively known as KLCCP Stapled Group is Malaysia's largest self-managed stapled security that invests, develops, owns, and manages a stable of iconic and quality assets.

Pan African Resources

Market Cap: UK£3.0b

Engages in the mining, extraction, production, and sale of gold in South Africa.

Protector Forsikring

Market Cap: NOK 38.4b

Operates as a non-life insurance company, provides general insurance and reinsurance services in Norway, Sweden, Finland, Denmark, the United Kingdom and France.

Kingsoft

Market Cap: HK$30.9b

Engages in the entertainment and office software and services businesses in Mainland China, Hong Kong, and internationally.

Zeta Global Holdings

Market Cap: US$3.9b

Operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally.

MediPal Holdings

Market Cap: JP¥613.3b

Medipal Holdings Corporation engages in the prescription pharmaceutical wholesale business in Japan.

GitLab

Market Cap: US$3.8b

Develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific.

Giant Biogene Holding

Market Cap: HK$30.1b

An investment holding company, designs, develops, manufactures, and sells skin treatment products with recombinant collagen in the People’s Republic of China.

Brady

Market Cap: US$3.8b

Manufactures and supplies identification solutions and workplace safety products that identify and protect premises, products, and people in the Americas, Asia, Europe, and Australia.

DLocal

Market Cap: US$3.8b

Provides payment processing services worldwide.