Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

TAKKT

Market Cap: €232.7m

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

Sabio Holdings

Market Cap: CA$18.9m

Operates as a technology provider in the advertising areas of connected TV (CTV) and over-the-top (OTT) streaming in the United States and the United Kingdom.

Grand Pharmaceutical Group

Market Cap: €27.1b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Blue Bird

Market Cap: US$1.7b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Ernst Russ

Market Cap: €245.9m

A publicly owned investment manager.

BYD Electronic (International)

Market Cap: US$74.0b

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.

Skymark Airlines

Market Cap: €23.4b

Provides scheduled air transportation services.

Havas

Market Cap: €1.6b

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

Asahi Group Holdings

Market Cap: €2.4t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Pegasystems

Market Cap: €6.8b

Develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

Science Applications International

Market Cap: €4.4b

Provides technical, engineering, and enterprise information technology (IT) services in the United States.

Pepper Money

Market Cap: €809.0m

Operates as a non-bank lender in the mortgage and asset finance markets in Australia and New Zealand.

q.beyond

Market Cap: €102.2m

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

Arnoldo Mondadori Editore

Market Cap: €542.5m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Hikma Pharmaceuticals

Market Cap: €3.6b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

GEO Group

Market Cap: €2.1b

The GEO Group, Inc. (NYSE: GEO) is a leading diversified government service provider, specializing in design, financing, development, and support services for secure facilities, processing centers, and community reentry centers in the United States, Australia, South Africa, and the United Kingdom.

On the Beach Group

Market Cap: €316.6m

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

NetEase

Market Cap: US$607.9b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

SILICON2

Market Cap: ₩2.6t

Engages in the distribution of cosmetics products worldwide.

Adairs

Market Cap: AU$329.0m

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥232.3b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Bear Electric ApplianceLtd

Market Cap: CN¥6.9b

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¥130.4b

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

Anker Innovations

Market Cap: CN¥55.9b

Operates as a smart hardware technology company in China and internationally.

Horizon Construction Development

Market Cap: HK$3.2b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

IRB Infrastructure Developers

Market Cap: ₹255.2b

Engages in the infrastructure development business in India.

Hoa Phat Group

Market Cap: ₫211.5t

Produces and sells steel products in Vietnam.

Geely Automobile Holdings

Market Cap: CN¥174.9b

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

Inspur Digital Enterprise Technology

Market Cap: HK$5.6b

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.

China Conch Venture Holdings

Market Cap: HK$19.2b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

China Tower

Market Cap: HK$192.1b

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

Indofood Sukses Makmur

Market Cap: Rp61.5t

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

Lucky Harvest

Market Cap: CN¥9.1b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

REC

Market Cap: ₹1.0t

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.