I'm more of a funds person to be honest.
But going back to the earlier idea of contrarianism, I was reminded of Russia recently. Cheap and hated (if not quite as much as a couple of years ago). I've never felt too comfortable with the governance.
While it's the 'one that everyone owns', I'd have thought that Sberbank would have a pretty decent chance of doing well over time.
If you want retail, then I suppose X5 would be one to look at.
At the more obvious end, I find FEET (Fundsmith EM IT) becoming gradually more interesting, whether for owning or inspiration. The portfolio's been tightened up, and is full of super impressive EM consumer companies. They've just been too crazily expensive I think, even for their impressive stats. They seem to be slowly getting a bit cheaper. I wouldn't expect them ever to be 'cheap' (except in a 2008 situation) as they're just too high quality and profitable, but if they become semi-reasonably priced, they should be no-brainers for the long-term.
Will revisit FEET, thanks.
I also discovered SEDY this week - emerging markets dividend ETF, but what it really opened my eyes to is some optically very cheap Russian companies. Tempted by a small position.
I've had DVYE (the US version of SEDY) on my radar for a while. In my notes I scribbled "no Sberbank?" and curious if anyone knows why wouldn't they hold it given the other holdings. Also, VTB (another russian bank) has (small) exposure to Africa.