Global Leverage Leaders

PJSC LUKOIL

Market Cap: ₽2.5t

PJSC LUKOIL, together with its subsidiaries, engages in exploration, production, refining, marketing, and distribution of oil and gas.

Oil Company Bashneft

Market Cap: ₽176.8b

Public Joint Stock Oil Company Bashneft engages in the development and implementation, exploration, production, and refining of oil reserves in Russia.

Raspadskaya

Market Cap: ₽198.1b

Public Joint Stock Company Raspadskaya, together with its subsidiaries, engages in the mining of coking coal.

Husqvarna

Market Cap: SEK 25.9b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

Straumann Holding

Market Cap: CHF 14.8b

Provides tooth replacement and orthodontic solutions worldwide.

BELIMO Holding

Market Cap: CHF 9.6b

Engages in the development, production, and sale of damper actuators, control valves, sensors, and meters for heating, ventilation, and air conditioning systems (HVAC) in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Wärtsilä Oyj Abp

Market Cap: €17.9b

Offers technologies and lifecycle solutions for the marine and energy markets worldwide.

MOL Magyar Olaj- és Gázipari Nyilvánosan Muködo Részvénytársaság

Market Cap: Ft1.8t

Operates as an integrated oil and gas company in Hungary and internationally.

Norsk Hydro

Market Cap: NOK 154.1b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Bilfinger

Market Cap: €4.0b

Provides industrial services to customers in the process industry primarily in Europe, North America, and the Middle East.

TKMS & Co KGaA

Market Cap: €4.2b

Provides naval platforms and equipment in Germany, Brazil, Norway, and internationally.

Tenaris

Market Cap: €16.6b

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.

SSAB

Market Cap: SEK 68.5b

Engages in the production and sale of steel products in Sweden, Finland, the Rest of Europe, the United States, and internationally.

Petrol d.d

Market Cap: €2.1b

Through its subsidiaries, sells petroleum and other energy products, merchandise and services, and energy and solutions in Slovenia, Croatia, Austria, Bosnia, Herzegovina, Serbia, Montenegro, Romania, Macedonia, and internationally.

SCHOTT Pharma KGaA

Market Cap: €2.2b

Develops, manufactures, and sells drug containment solutions and delivery systems for injectable drugs for pharma, biotech, and life science industries worldwide.

Sampo Oyj

Market Cap: €27.3b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Sectra

Market Cap: SEK 48.6b

Provides solutions for medical IT and cybersecurity sectors in Sweden, the United Kingdom, the Netherlands, and rest of Europe.

Jiugui Liquor

Market Cap: CN¥18.3b

Produces and sells liquor series products in China and internationally.

MonotaRO

Market Cap: JP¥1.3t

Operates an online MRO products store for factories in Japan and internationally.

Emaar Properties PJSC

Market Cap: د.إ126.4b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Hindustan Unilever

Market Cap: ₹5.4t

A consumer good company, manufactures and sells food, home care, personal care, and refreshment products in India and internationally.

Urban

Market Cap: ₹185.7b

Operates an online services marketplace that helps consumers to book various home and beauty services and solutions in India, the Kingdom of Saudi Arabia, Singapore, and the United Arab Emirates.

Giant Network Group

Market Cap: CN¥87.1b

Research, develops, operates, and sells online games in China and internationally.

AVIC Shenyang Aircraft

Market Cap: CN¥160.6b

Engages in the manufacture and sale of aviation products in China.

CITIC Offshore Helicopter

Market Cap: CN¥15.8b

Engages in the general aviation industry in China.

Sanwa Holdings

Market Cap: JP¥859.4b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Hexaware Technologies

Market Cap: ₹459.0b

Provides information technology consulting, software development, and business process services worldwide.

Bikaji Foods International

Market Cap: ₹187.8b

Manufactures, purchases, and sells snack food products in India and internationally.

Nintendo

Market Cap: JP¥12.6t

Develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally.

Force Motors

Market Cap: ₹243.4b

An integrated automobile company, designs, develops, manufactures, and sells a range of automotive components, aggregates, and vehicles in India.

Zhejiang Taotao Vehicles

Market Cap: CN¥27.2b

Engages in the research and development, production, and sale of motorcycles, electric vehicles, and ATVs in China and internationally.

Recruit Holdings

Market Cap: JP¥12.8t

Provides HR technology and business solutions that transforms the world of work.

Chengdu Jiachi Electronic Technology

Market Cap: CN¥24.9b

Chengdu Jiachi Electronic Technology Co., Ltd.

QuantumCTek

Market Cap: CN¥53.2b

Engages in the research, development, production, and sale of quantum communication, computing, and precision measurement products in China.

China Railway Materials

Market Cap: CN¥15.9b

Provides material supply chain management services for rail transit industry in China.

Guobo Electronics

Market Cap: CN¥48.7b

Engages in the research and development, production, and sale of active phased array transmitter and receiver components and radio frequency integrated circuit related products in China.