# Three undervalued emerging market stocks to consider

> Fidelity picks three undervalued emerging market stocks for investors
- Title: Three undervalued emerging market stocks to consider
- Summary: Fidelity picks three undervalued emerging market stocks for investors Cosmecca Korea, Sinotruk, and Alphamin offer strong growth potential in their…
- Keywords: cosmecca korea, sinotruk, alphamin, k-beauty, emerging markets, fidelity emerging markets, ai servers, tin production, democratic republic of congo, heavy-duty trucks, africa infrastructure, Three
- Source: MoneyWeek — https://moneyweek.com/investments/emerging-markets/three-undervalued-emerging-market-stocks-to-consider
- Published: 2026-09-28T07:00:00+00:00
- Read time: 1 min
- Topics: cosmecca korea, sinotruk, alphamin, k-beauty, emerging markets, fidelity emerging markets, ai servers, tin production, democratic republic of congo, heavy-duty trucks, africa infrastructure
## K-beauty manufacturer
Cosmecca Korea produces skincare for major brands and is Korea's third-largest manufacturer with strong demand for Korean cosmetics.

> Cosmecca Korea (Seoul: 241710) develops and produces skincare products on these brands' behalf
## China's truck giant
Sinotruk dominates China's heavy-duty truck market and sells trucks to over 150 countries, benefiting from strong demand in Africa.

> Think of Sinotruk (Hong Kong: 3808) as China's equivalent of Volvo Trucks or Scania
## Tin producer
Alphamin produces 7% of global tin from high-grade mines in the Democratic Republic of Congo, trading at a cheap multiple.

> Alphamin (Vancouver: AFM) operates two of the world's highest-grade tin mines
## AI demand boost
Growing AI server and semiconductor demand is increasing tin usage despite tight supply conditions.

> Tin might seem an unlikely beneficiary of the AI boom but growing demand for the metal for use in AI servers and semiconductors
## Fidelity's approach
Fidelity uses long and short positions across emerging markets with focus on strong fundamentals and corporate governance.

> We select emerging market stocks based on fundamentals and quality
## Emerging market focus
The strategy targets companies with sustainable returns, strong governance, and under-leveraged balance sheets in emerging markets.

> We look to go long on stocks of companies that can generate sustainably higher returns
## Key takeaway

Cosmecca Korea, Sinotruk, and Alphamin offer strong growth potential in their respective markets