Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Intertek Group

Market Cap: US$6.9b

Provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally.

q.beyond

Market Cap: €98.2m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Grupa Pracuj

Market Cap: €3.0b

Operates HR technology platform in Poland, Ukraine, and Germany.

TAKKT

Market Cap: €233.1m

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

Japan Lifeline

Market Cap: €98.1b

A medical device company, engages in manufacturing and sale of medical device in Japan.

China Tower

Market Cap: €189.7b

Provides telecommunication tower infrastructure services in the People's Republic of China.

BYD Electronic (International)

Market Cap: US$76.4b

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.

Oracle Corporation Japan

Market Cap: €1.2t

Provides software, hardware, and cloud products and solutions in Japan.

On the Beach Group

Market Cap: €303.6m

Operates as an online retailer of short haul beach holidays under the On the Beach brand name in the United Kingdom.

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.

Pearson

Market Cap: €5.7b

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

MCNEX

Market Cap: ₩484.2b

Manufactures and sells camera modules in South Korea and internationally.

Geely Automobile Holdings

Market Cap: CN¥179.6b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Inspur Digital Enterprise Technology

Market Cap: HK$5.4b

An investment holding company, engages in management software development, cloud services, and sale of Internet of Things (IoT) solutions in the People’s Republic of China.

IRB Infrastructure Developers

Market Cap: ₹266.7b

Engages in the infrastructure development business in India.

NCC

Market Cap: ₹99.2b

Operates in the construction business in India and internationally.

Jinzai Food GroupLtd

Market Cap: CN¥5.1b

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

Bear Electric ApplianceLtd

Market Cap: CN¥7.0b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

China Railway Group

Market Cap: CN¥129.3b

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

Adairs

Market Cap: AU$326.3m

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.5b

Provides chemical supply chain solutions worldwide.

SILICON2

Market Cap: ₩2.7t

Engages in the distribution of cosmetics products worldwide.

Innocean Worldwide

Market Cap: ₩788.8b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

Trajan Group Holdings

Market Cap: AU$98.4m

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.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥41.5b

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

Bank BTPN Syariah

Market Cap: Rp9.4t

Provides various banking products and services in Indonesia.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥15.8b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.9b

An investment holding company, provides tea drink products in the People’s Republic of China.

Security Bank

Market Cap: ₱50.6b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

C&D International Investment Group

Market Cap: HK$36.9b

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.

Sanwa Holdings

Market Cap: JP¥798.0b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Anhui Expressway

Market Cap: CN¥23.1b

Engages in the construction, operation, management, and development of the toll roads and associated service sections in the People's Republic of China.

JVM

Market Cap: ₩295.4b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

Hoa Phat Group

Market Cap: ₫205.3t

Produces and sells steel products in Vietnam.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.5b

Provides chemical supply chain solutions worldwide.