Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.9b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.3b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

National Medical Care

Market Cap: ر.س7.1b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

Indofood Sukses Makmur

Market Cap: Rp61.7t

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

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.2b

Provides chemical supply chain solutions worldwide.

Trajan Group Holdings

Market Cap: AU$109.8m

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.

Middle East Healthcare

Market Cap: ر.س4.2b

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

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.4b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Longfor Group Holdings

Market Cap: HK$69.9b

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.

BOC Aviation

Market Cap: HK$48.0b

Operates as an aircraft operating leasing company in Mainland China, Hong Kong, Macau, Taiwan, rest of the Asia Pacific, the Americas, Europe, the Middle East, and Africa.

China Pacific Insurance (Group)

Market Cap: CN¥324.3b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Yuan Long Ping High-Tech Agriculture

Market Cap: CN¥14.4b

Yuan Long Ping High-Tech Agriculture Co., Ltd.

Aeris Resources

Market Cap: AU$393.4m

Explores, produces, and sells precious metals in Australia.

Adairs

Market Cap: AU$350.2m

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

Shenzhen Transsion Holdings

Market Cap: CN¥81.4b

Provides smart devices and mobile services in Africa, South and Southeast Asia, the Middle East, Latin America, and internationally.

IPH

Market Cap: AU$915.2m

Provides intellectual property (IP) services and products.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.9b

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

Guangdong Haid Group

Market Cap: CN¥97.6b

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

C&D International Investment Group

Market Cap: HK$35.5b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Aurelia Metals

Market Cap: AU$380.8m

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

China Mengniu Dairy

Market Cap: HK$55.8b

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

China Overseas Property Holdings

Market Cap: HK$16.0b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

Stanmore Resources

Market Cap: AU$1.9b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

NetEase Cloud Music

Market Cap: HK$49.0b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Nido Education

Market Cap: AU$141.2m

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

Telefónica

Market Cap: €20.5b

Provides telecommunications services in Europe and Latin America.

GL Events

Market Cap: €793.4m

Provides integrated solutions and services for events in France and internationally.

MONY Group

Market Cap: UK£1.0b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

Compagnie des Alpes

Market Cap: €995.6m

Engages in the operation of leisure facilities in France and internationally.

Talgo

Market Cap: €329.4m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Carmila

Market Cap: €2.3b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

Métropole Télévision

Market Cap: €1.5b

Operates as a multimedia group in France.

Gecina

Market Cap: €5.9b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at €17.0bn as at June 30, 2025.

Cadeler

Market Cap: NOK 15.6b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

DEME Group

Market Cap: €3.2b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.