Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Wesdome Gold Mines

Market Cap: €3.1b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Alaris Equity Partners Income Trust

Market Cap: €866.4m

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

Flowers Foods

Market Cap: €2.4b

Produces and markets packaged bakery food products in the United States.

Sonic Healthcare

Market Cap: US$10.4b

Offers medical diagnostic services, and administrative services and facilities to medical practitioners in Australia, the United States, Germany, and internationally.

Asahi Group Holdings

Market Cap: €2.6t

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

Rainbow Tours

Market Cap: €1.8b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Cyfrowy Polsat

Market Cap: €8.2b

Provides digital satellite platform and terrestrial television (TV), and telecommunication services primarily in Poland.

Kuaishou Technology

Market Cap: €300.5b

An investment holding company, provides live streaming, online marketing, and other services in the People’s Republic of China.

GFT Technologies

Market Cap: €456.7m

Provides digital transformation services.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

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.

GE HealthCare Technologies

Market Cap: €33.4b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

BYD Electronic (International)

Market Cap: US$79.8b

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.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) listed on the Main Market of Bursa Malaysia Securities Berhad since 16 July 2010.

Anker Innovations

Market Cap: CN¥58.8b

Develops and sells mobile charging products.

Aurelia Metals

Market Cap: AU$397.8m

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

DUG Technology

Market Cap: AU$291.8m

A technology company, provides hardware and software solutions for the technology and resource sectors in Australia, the United States, the United Kingdom, Malaysia, and the United Arab Emirates.

Nido Education

Market Cap: AU$128.8m

Owns, operates, and manages long day early childhood education and care centres under the Nido Early School brand in Australia.

REC

Market Cap: ₹953.9b

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

Haidilao International Holding

Market Cap: HK$77.8b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

China Resources Land

Market Cap: HK$218.9b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.6b

Chongqing Baiya Sanitary Products Co., Ltd.

Adairs

Market Cap: AU$333.4m

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

Inspur Digital Enterprise Technology

Market Cap: HK$9.5b

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.

Gourmet Master

Market Cap: NT$12.1b

Operates and franchises chain stores in China, Taiwan, Hong Kong, the United States, and internationally.

Lion

Market Cap: JP¥430.6b

Manufactures and sells consumer and industrial products in Japan and internationally.

China Mengniu Dairy

Market Cap: HK$58.4b

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

Hyosung TNC

Market Cap: ₩958.1b

Manufactures and sells fiber in South Korea and internationally.

WemadeLtd

Market Cap: ₩983.7b

Develops and publishes games in South Korea and internationally.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥48.8b

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

Micro-Star International

Market Cap: NT$92.9b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱90.7b

Converge Information and Communications Technology Solutions, Inc.

Align Technology

Market Cap: €10.4b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Carlsberg

Market Cap: US$110.8b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

Tenaga Nasional Berhad

Market Cap: RM 78.1b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Hoa Phat Group

Market Cap: ₫207.2t

Produces and sells steel products in Vietnam.