Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Sumitomo

Market Cap: US$1.8t

Engages in the general trading business.

Acrow

Market Cap: AU$308.6m

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

Xtep International Holdings

Market Cap: HK$10.5b

Designs, develops, manufactures, markets, and sells footwear, apparel, and accessories for adults and children in Mainland China.

Viva Wine Group

Market Cap: SEK 2.5b

Develops, markets, imports, and sells wines.

Gecina

Market Cap: €5.5b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Zhejiang China Commodities City Group

Market Cap: CN¥53.5b

Through its subsidiaries, develops, manages, and operates an online trading platform service in China.

Kemira Oyj

Market Cap: €2.4b

Operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Konecranes

Market Cap: €6.4b

Manufactures, sells, and services material handling products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

EVS

Market Cap: €372.4m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

Forward Air

Market Cap: €470.3m

Operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada.

Hong Leong Asia

Market Cap: €2.2b

An investment holding company, manufactures and distributes powertrain solutions and related products, building materials, and rigid packaging products in the People’s Republic of China, Singapore, Malaysia, and internationally.

Prudential

Market Cap: UK£25.1b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Qoria

Market Cap: AU$286.6m

Qoria Limited markets, distributes, and sells cyber safety products and services in Australia, New Zealand, the United Kingdom, the United States, Europe, and internationally.

IPH

Market Cap: AU$974.0m

Provides intellectual property (IP) services and products.

FINEOS Corporation Holdings

Market Cap: AU$700.0m

Engages in the development and sale of enterprise claims and policy management software for life, accident and health insurers, and employee benefits providers in North America, the Asia Pacific, Europe, the Middle East, and Africa.

Genscript Biotech

Market Cap: HK$25.8b

An investment holding company, engages in the manufacture and sale of life science research products and services in the United States of America, Europe, Mainland China, Europe, Asia Pacific, and internationally.

Guangdong Haid Group

Market Cap: CN¥71.1b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

China Tower

Market Cap: HK$155.9b

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

Shenzhen Gas

Market Cap: CN¥16.2b

Provides urban gas, natural gas, and LPG energy.

Vusion

Market Cap: €2.0b

Engages in the provision of digitalization solutions for commerce in France, rest of Europe, the Middle East, Africa, Asia, and the Americas.

Life Healthcare Group Holdings

Market Cap: €14.8b

An investment holding company, operates as a private healthcare company in Southern Africa.

HORNBACH Holding KGaA

Market Cap: €1.3b

Through its subsidiaries, develops and operates do-it-yourself (DIY) megastores with garden centers in Germany and other European countries.

Bouvet

Market Cap: €4.4b

Provides consultancy services in the fields of information technology and digital communication for public and private sectors in Norway, Sweden, and internationally.

Slide Insurance Holdings

Market Cap: US$2.2b

Provides property and casualty insurance services in the United States.

Booking Holdings

Market Cap: US$140.6b

Provides online and traditional travel and restaurant reservations and related services in the United States, the Netherlands, the United Kingdom, and internationally.

Yuexiu Transport Infrastructure

Market Cap: €6.2b

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

DNO

Market Cap: NOK 16.2b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Betterware de MéxicoP.I. de

Market Cap: US$665.2m

Operates as a direct-to-consumer selling company in the United States and Mexico.

Shell

Market Cap: UK£161.5b

Operates as an energy and petrochemical company in Europe, Asia, Oceania, Africa, the United States, and other parts of the Americas.

China Life Insurance

Market Cap: US$1.0t

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

Kalmar Oyj

Market Cap: €2.4b

Provides heavy material handling equipment and services for ports, terminals, distribution centres, manufacturing, and heavy logistics industries in the Americas, Europe, Asia, the Middle East, and Africa.

Cencora

Market Cap: US$55.7b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Alkane Resources

Market Cap: CA$2.0b

Operates as a gold exploration and production company in Australia.

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.

GE HealthCare Technologies

Market Cap: €29.9b

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.