Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.4b

Provides chemical supply chain solutions worldwide.

Guangdong Haid Group

Market Cap: CN¥95.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

IPH

Market Cap: AU$962.2m

Provides intellectual property (IP) services and products.

Monash IVF Group

Market Cap: AU$280.5m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Stanmore Resources

Market Cap: AU$1.9b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Anhui Conch Cement

Market Cap: CN¥121.0b

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

China Railway Group

Market Cap: CN¥133.1b

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

China Overseas Property Holdings

Market Cap: HK$16.0b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

Shenzhen Transsion Holdings

Market Cap: CN¥87.4b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

China Mengniu Dairy

Market Cap: HK$55.8b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

China Resources Land

Market Cap: HK$209.4b

An investment holding company, engages in the investment, development, management, and sale of properties in the People’s Republic of China.

Industrial Bank

Market Cap: CN¥436.0b

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

Adairs

Market Cap: AU$370.6m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Capgemini

Market Cap: €21.6b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Mattel

Market Cap: US$5.9b

A toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

74Software

Market Cap: €1.0b

Operates as a software company in France.

Perrigo

Market Cap: €3.0b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

AKVA group

Market Cap: NOK 3.5b

Designs, purchases, manufactures, assembles, sells, and installs technology products; and provides rental and consulting services for the aquaculture industry.

Austriacard Holdings

Market Cap: €178.1m

Operates as a technology company in the fields of people, authentication of object, and information management in Western Europe, Nordics, the Americas, Central and Eastern Europe, Germany, Austria, Switzerland, Türkiye, the Middle East, and Africa.

Euroseas

Market Cap: US$388.7m

Provides ocean-going transportation services worldwide.

Burford Capital

Market Cap: US$2.3b

Provides legal finance products and services worldwide.

Kardemir Karabük Demir Çelik Sanayi Ve Ticaret

Market Cap: ₺32.3b

Kardemir Karabük Demir Çelik Sanayi ve Ticaret A.S.

China Mengniu Dairy

Market Cap: €55.8b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

Regeneron Pharmaceuticals

Market Cap: €59.9b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

Carmila

Market Cap: €2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Eiffage

Market Cap: €10.6b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Ernst Russ

Market Cap: €235.8m

A publicly owned investment manager.

Sulzer

Market Cap: CHF 4.5b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

BYD Electronic (International)

Market Cap: US$86.3b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Austevoll Seafood

Market Cap: NOK 19.8b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Carlsberg

Market Cap: US$109.5b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

d'Amico International Shipping

Market Cap: €506.8m

Through its subsidiaries, operates as a marine transportation company worldwide.

EOG Resources

Market Cap: €58.1b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Gamma Communications

Market Cap: UK£934.5m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.