Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

Spectrum Pharmaceuticals, Inc., a biopharmaceutical company, develops and commercializes oncology drug products.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥22.7b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Bethel Automotive Safety Systems

Market Cap: CN¥32.6b

Develops, manufactures, and sells automotive safety systems and advanced driver assistance systems in China.

Sinoma International EngineeringLtd

Market Cap: CN¥23.4b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥22.7b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Chongqing Baiya Sanitary Products

Market Cap: CN¥11.3b

Chongqing Baiya Sanitary Products Co., Ltd.

Anhui Conch Cement

Market Cap: CN¥131.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Ganyuan Foods

Market Cap: CN¥5.0b

Engages in the research and development, production, and sale of snack foods in China.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.6b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

Proya CosmeticsLtd

Market Cap: CN¥31.8b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Ping An Bank

Market Cap: CN¥220.1b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Jinzai Food GroupLtd

Market Cap: CN¥5.4b

Engages in the research, development, production, and sale of snack foods in China.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.4b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Beijing New Building Materials

Market Cap: CN¥40.2b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥420.1b

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

China Railway Group

Market Cap: CN¥128.3b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Huaibei Mining HoldingsLtd

Market Cap: CN¥33.2b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥49.0b

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.4b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Proya CosmeticsLtd

Market Cap: CN¥31.8b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Beijing Urban Construction Investment & Development

Market Cap: CN¥11.0b

Beijing Urban Construction Investment & Development Co., Ltd.

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥22.3b

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

TravelSky Technology

Market Cap: US$31.1b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

Colabor Group

Market Cap: CA$58.2m

Colabor Group Inc., together with its subsidiaries, markets, distributes, and wholesales food and food-related products in Canada.

ABM Industries

Market Cap: US$2.8b

Through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally.

Rainbow Tours

Market Cap: €1.8b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Diebold Nixdorf

Market Cap: US$2.1b

Engages in the automating, digitizing, and transforming the way people bank and shop worldwide.

Angel Oak Mortgage REIT

Market Cap: US$222.7m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Cosmo Pharmaceuticals

Market Cap: CHF 1.1b

Focuses on the development and commercialization products for gastroenterology, dermatology, and healthtech worldwide.

China Construction Bank

Market Cap: US$2.0t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

MINISO Group Holding

Market Cap: €6.9b

An investment holding company, engages in the retail and wholesale of design-led lifestyle and pop toy products in China, the rest of Asia, the Americas, Europe, Indonesia, and internationally.

LKQ

Market Cap: US$7.9b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Brinker International

Market Cap: €5.6b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Huhtamäki Oyj

Market Cap: €3.1b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Hollywood Bowl Group

Market Cap: UK£415.5m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and internationally.

Flowco Holdings

Market Cap: US$1.3b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.