Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Aviation Oil (Singapore)

Market Cap: €1.8b

Trades in and supplies jet fuel to civil aviation industry worldwide.

LiveRamp Holdings

Market Cap: US$1.8b

A technology company, operates a data collaboration platform in the United States, Europe, the Asia-Pacific, and internationally.

Torex Gold Resources

Market Cap: US$6.1b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.

Concentra Group Holdings Parent

Market Cap: US$2.9b

Provides occupational health services in the United States.

Arnoldo Mondadori Editore

Market Cap: €546.0m

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

Luckin Coffee

Market Cap: US$10.9b

Offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China.

ACI Worldwide

Market Cap: US$4.5b

Develops, markets, installs, and supports software products and services for facilitating electronic payments in the United States and worldwide.

Mears Group

Market Cap: €326.9m

Provides various outsourced services to the public and private sectors in the United Kingdom.

High Tide

Market Cap: US$288.3m

Engages in the cannabis retail business in Canada, the United States, and internationally.

Champion Iron

Market Cap: US$2.7b

Engages in the acquisition, exploration, development, and production of iron ore properties in Canada.

PENN Entertainment

Market Cap: €2.0b

Provides integrated entertainment, sports content, and casino gaming experiences in the United States and internationally.

Acrow

Market Cap: €303.8m

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

Tongcheng Travel Holdings

Market Cap: €43.6b

An investment holding company, provides travel related services in the People’s Republic of China.

Indofood Sukses Makmur

Market Cap: €60.8t

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

Man Wah Holdings

Market Cap: €16.4b

An investment holding company, engages in the manufacture and distribution of sofas and ancillary products in the People's Republic of China, Europe, Vietnam, Mexico, and internationally.

Transcontinental

Market Cap: €461.6m

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, and internationally.

NetEase

Market Cap: US$586.4b

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

Calfrac Well Services

Market Cap: US$534.2m

Provides specialized oilfield services in Canada, the United States, and Argentina.

XP

Market Cap: US$10.9b

Provides financial products and services in Brazil.

China Life Insurance

Market Cap: US$1.1t

Operates as a life insurance company in the People’s Republic of China.

BRP

Market Cap: CA$5.8b

Designs, develops, manufactures, and sells powersports vehicles and marine products in the United States, Canada, Europe, Asia Pacific, Latin America, and internationally.

Yuexiu Transport Infrastructure

Market Cap: €6.8b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

LKQ

Market Cap: US$7.9b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

Grafton Group

Market Cap: €1.8b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, Ireland, the Netherlands, Finland, and Spain.

TravelSky Technology

Market Cap: US$29.4b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

SergeFerrari Group

Market Cap: €79.7m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.

American Integrity Insurance Group

Market Cap: €384.2m

Operates as an insurance company in the United States.

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.

Silgan Holdings

Market Cap: US$4.4b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.

Pepper Money

Market Cap: €808.6m

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

Aegean Airlines

Market Cap: €1.2b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Amphastar Pharmaceuticals

Market Cap: US$1.0b

A bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France.

GFT Technologies

Market Cap: €485.2m

Provides digital transformation services.

ProCredit Holding

Market Cap: €520.7m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.

Angel Oak Mortgage REIT

Market Cap: US$228.2m

A real estate finance company, focuses on acquiring and investing in first lien nonqualified mortgage loans and other mortgage-related assets in the United States mortgage market.