Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Railway Group

Market Cap: CN¥130.0b

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

Trajan Group Holdings

Market Cap: AU$117.5m

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

IPH

Market Cap: AU$1.0b

Provides intellectual property (IP) services and products.

Tsingtao Brewery

Market Cap: HK$86.3b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

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

KH Neochem

Market Cap: JP¥100.4b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

Monash IVF Group

Market Cap: AU$261.1m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Indofood Sukses Makmur

Market Cap: Rp66.3t

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

Acrow

Market Cap: AU$317.2m

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.7b

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

Proya CosmeticsLtd

Market Cap: CN¥32.2b

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

Middle East Healthcare

Market Cap: ر.س4.9b

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

Beijing New Building Materials

Market Cap: CN¥43.0b

Manufactures and sells building materials in China and internationally.

Industrial Bank

Market Cap: CN¥453.3b

Provides banking services in the People’s Republic of China.

Indofood Sukses Makmur

Market Cap: €66.3t

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

Carlsberg

Market Cap: US$108.2b

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

Corebridge Financial

Market Cap: €18.0b

Provides retirement solutions and insurance products in the United States.

Stingray Group

Market Cap: €690.8m

Operates as a music, media, and technology company in Canada, the United States, and internationally.

TotalEnergies

Market Cap: US$113.6b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Persimmon

Market Cap: UK£3.5b

Operates as a house builder in the United Kingdom.

Asahi Group Holdings

Market Cap: €2.7t

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

PDF Solutions

Market Cap: US$765.4m

Provides proprietary software, physical intellectual property for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, Japan, China, Taiwan, and internationally.

Casta Diva Group

Market Cap: €12.5m

Operates as a communication company in Italy and internationally.

ABM Industries

Market Cap: US$2.8b

Through its subsidiaries, engages in the provision of integrated facility, infrastructure, and mobility solutions in the United States and internationally.

EKINOPS

Market Cap: €84.5m

Provides network solutions to service providers and enterprises worldwide.

EVS Broadcast Equipment

Market Cap: €480.0m

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

PayPal Holdings

Market Cap: €63.9b

Operates a technology platform that enables digital payments for merchants and consumers worldwide.

Robert Walters

Market Cap: €92.4m

Provides professional recruitment consultancy services worldwide.

Colabor Group

Market Cap: CA$71.4m

Colabor Group Inc., together with its subsidiaries, markets, distributes, and wholesales food and food-related products in Canada.

4imprint Group

Market Cap: UK£933.8m

Operates as a direct marketer of promotional products in North America, the United Kingdom, and Ireland.

McBride

Market Cap: €186.2m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, Asia-Pacific, and internationally.It operates through five segments: Liquids, Powders, Unit dosing, Aerosols, and Asia Pacific.

F&F

Market Cap: ₩2.6t

Manufactures and sells sewn wearing apparels in South Korea.

Micro-Star International

Market Cap: NT$105.6b

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

Innocean Worldwide

Market Cap: ₩740.8b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.