Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

IPH

Market Cap: AU$938.7m

Provides intellectual property (IP) services and products.

Hu Lane Associate

Market Cap: NT$15.6b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥22.3b

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

Micro-Star International

Market Cap: NT$94.6b

Engages in the manufacture and sale of motherboards, interface cards, notebook computers, and other electronic products in Asia, Europe, the United States, and internationally.

China Construction Bank

Market Cap: HK$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.

China Overseas Property Holdings

Market Cap: HK$16.2b

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

C&D International Investment Group

Market Cap: HK$38.4b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

China Resources Land

Market Cap: HK$207.7b

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

Proya CosmeticsLtd

Market Cap: CN¥31.5b

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

China Railway Group

Market Cap: CN¥135.7b

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.3b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Trajan Group Holdings

Market Cap: AU$120.5m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

Anhui Conch Cement

Market Cap: CN¥134.4b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.9b

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.

Jiangsu Changshu Rural Commercial Bank

Market Cap: CN¥22.5b

Jiangsu Changshu Rural Commercial Bank Co., Ltd.

Ganyuan Foods

Market Cap: CN¥5.0b

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

Industrial Bank

Market Cap: CN¥416.3b

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

Indofood Sukses Makmur

Market Cap: Rp62.8t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Beijing New Building Materials

Market Cap: CN¥40.7b

Manufactures and sells building materials in China and internationally.

Monash IVF Group

Market Cap: AU$278.6m

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

Aurelia Metals

Market Cap: AU$465.5m

Engages in the exploration and production of mineral properties in Australia.

Stanmore Resources

Market Cap: AU$2.1b

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.6b

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

Middle East Healthcare

Market Cap: ر.س5.2b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

China Mengniu Dairy

Market Cap: HK$56.9b

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

Pearson

Market Cap: €6.7b

Provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.5b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Royalty Pharma

Market Cap: €21.0b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

TAKKT

Market Cap: €335.5m

Operates as a B2B direct marketing company for business equipment in Europe and North America.

Verallia Société Anonyme

Market Cap: €2.7b

Manufactures and sells glass packaging products for beverages and food products worldwide.

Flowserve

Market Cap: US$6.9b

Designs, manufactures, distributes, and services industrial flow management equipment in the United States, Canada, Mexico, Europe, the Middle East, Africa, and the Asia Pacific.

Cadeler

Market Cap: NOK 18.9b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Owens & Minor

Market Cap: €364.6m

Operates as a healthcare solutions company worldwide.

Merchants Bancorp

Market Cap: US$1.5b

Operates as the diversified bank holding company in the United States.

Koenig & Bauer

Market Cap: €230.7m

Develops and manufactures printing and postprint systems worldwide.