Global Potentially Undervalued Companies

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Sunshine Insurance Group

Market Cap: HK$38.8b

Provides various insurance products and related services in the People’s Republic of China.

Middle East Healthcare

Market Cap: ر.س5.5b

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

Oceania Healthcare

Market Cap: AU$434.5m

Owns and operates retirement villages and care centres in New Zealand.

Sinoma International EngineeringLtd

Market Cap: CN¥24.1b

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

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥21.8b

Designs, develops, manufactures, sells, and supplies auto parts in China.

Tsingtao Brewery

Market Cap: HK$94.6b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Hu Lane Associate

Market Cap: NT$14.3b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.3b

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.

Acrow

Market Cap: AU$310.3m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Beijing New Building Materials

Market Cap: CN¥48.3b

Manufactures and sells building materials in China and internationally.

Luxi Chemical Group

Market Cap: CN¥20.1b

Manufactures and sells chemical and fertilizer products.

China Resources Land

Market Cap: HK$181.5b

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

Longfor Group Holdings

Market Cap: HK$69.2b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Ningbo Deye Technology Group

Market Cap: CN¥53.8b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Ganyuan Foods

Market Cap: CN¥5.9b

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

Hubei Xingfa Chemicals Group

Market Cap: CN¥23.2b

Develops, produces, and sells phosphorus-based chemicals in China and internationally.

Xiamen C&D

Market Cap: CN¥29.3b

Engages in the supply chain and real estate development businesses in China and internationally.

Proya CosmeticsLtd

Market Cap: CN¥35.7b

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥7.9b

Provides chemical supply chain solutions in China and internationally.

Trajan Group Holdings

Market Cap: AU$121.9m

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

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.0b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

IPH

Market Cap: AU$1.3b

Provides intellectual property (IP) services and products.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥13.2b

Manufactures and sells steel structures and supporting products in China and internationally.

China National Building Material

Market Cap: HK$26.8b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

Adaro Minerals Indonesia

Market Cap: Rp42.1t

Engages in metallurgical coal mining business in Indonesia.

q.beyond

Market Cap: €105.9m

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

Housing and Development Bank- Egypt (S.A.E)

Market Cap: ج.م31.9b

Together with its, provides corporate and retail banking services in Egypt.

Argan

Market Cap: €1.7b

ARGAN is the only French real estate company specializing in the DEVELOPMENT & RENTAL OF PREMIUM WAREHOUSES listed on EURONEXT and is the leading player of its market in France.

Sportsman's Warehouse Holdings

Market Cap: US$74.3m

Operates as an outdoor sporting goods retailer in the United States.

KB Home

Market Cap: US$3.7b

Operates as a homebuilding company in the United States.

Quest Resource Holding

Market Cap: €45.0m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

Alaris Equity Partners Income Trust

Market Cap: €848.4m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Zijin Mining Group

Market Cap: US$505.2b

A mining company, engages in the exploration, mining, processing, refining, and sale of gold, non-ferrous metals, and other mineral resources in Mainland China and internationally.

DOF Group

Market Cap: €21.4b

Owns and operates a fleet of offshore and subsea vessels.