Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Becle. de

Market Cap: Mex$66.0b

Manufactures and distributes spirits and other distilled beverages in Mexico, the United States, Canada, and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.8b

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.

American Integrity Insurance Group

Market Cap: €365.9m

Operates as an insurance company.

América Móvil. de

Market Cap: Mex$1.1t

Provides telecommunications services in Latin America and internationally.

IRB Infrastructure Developers

Market Cap: ₹248.4b

Engages in the infrastructure development business in India.

Industrial Bank

Market Cap: CN¥399.3b

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

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.2b

Chongqing Baiya Sanitary Products Co., Ltd.

Bethel Automotive Safety Systems

Market Cap: CN¥30.0b

Develops, manufactures, and sells automotive chassis systems and advanced driving systems in China.

Guangdong Haid Group

Market Cap: CN¥84.9b

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

China South Publishing & Media Group

Market Cap: CN¥19.5b

Engages in the publishing, printing, distribution, media, and financing businesses in China.

Aurelia Metals

Market Cap: AU$507.8m

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

Aeris Resources

Market Cap: AU$649.3m

Explores, produces, and sells precious metals in Australia.

Geely Automobile Holdings

Market Cap: CN¥171.7b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

Chambal Fertilisers and Chemicals

Market Cap: ₹172.5b

Produces and sells fertilizers primarily in India.

Inspur Digital Enterprise Technology

Market Cap: HK$5.9b

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.

Hansen Technologies

Market Cap: AU$1.0b

Engages in the development, integration, and support of billing and customer information systems.

Bank of Maharashtra

Market Cap: ₹471.9b

Provides various banking products and services in India.

Future

Market Cap: JP¥167.6b

Provides IT consulting and services primarily in Japan.

REC

Market Cap: ₹956.1b

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

Bank BTPN Syariah

Market Cap: Rp9.3t

Provides various banking products and services in Indonesia.

China Tower

Market Cap: HK$194.7b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱108.3b

Converge Information and Communications Technology Solutions, Inc.

Grand Pharmaceutical Group

Market Cap: HK$27.1b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Sichuan Baicha Baidao Industrial

Market Cap: HK$9.4b

An investment holding company, provides tea drink products in the People’s Republic of China.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.5b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.3b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

China Mengniu Dairy

Market Cap: HK$64.0b

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.0b

Provides container shipping services in China.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.5b

Provides chemical supply chain solutions worldwide.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥32.7b

Manufactures and sells power distribution in China and internationally.

Nido Education

Market Cap: AU$113.7m

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

NetEase Cloud Music

Market Cap: HK$37.4b

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.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥42.3b

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

Trajan Group Holdings

Market Cap: AU$101.4m

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.

Innocean Worldwide

Market Cap: ₩741.6b

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