Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carnival Corporation &

Market Cap: €33.4b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Lucky Harvest

Market Cap: CN¥8.0b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

China Mengniu Dairy

Market Cap: HK$62.9b

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

China Resources Land

Market Cap: HK$209.5b

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

Ganyuan Foods

Market Cap: CN¥4.7b

Engages in the research and development, production, and sales of snack foods in China.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.3b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Acrow

Market Cap: AU$266.4m

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

China Hongqiao Group

Market Cap: HK$344.3b

An investment holding company, manufactures and sells aluminum products.

Morimatsu International Holdings

Market Cap: HK$9.7b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Guangdong Haid Group

Market Cap: CN¥90.9b

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

China Railway Group

Market Cap: CN¥129.5b

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

Grand Pharmaceutical Group

Market Cap: HK$24.2b

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.

Trajan Group Holdings

Market Cap: AU$67.9m

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.

Industrial Bank

Market Cap: CN¥397.7b

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

Monash IVF Group

Market Cap: AU$243.5m

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

Migros Ticaret

Market Cap: ₺105.7b

Engages in the retail sale of food and beverages, consumer, and durables goods in Turkey.

Mersen

Market Cap: €524.7m

Manufactures and sells electrical power products and advanced materials in France, North America, rest of Europe, the Asia-Pacific, and internationally.

Corebridge Financial

Market Cap: €11.2b

Provides retirement solutions and insurance products in the United States.

Aston Martin Lagonda Global Holdings

Market Cap: €371.6m

Engages in the design, development, manufacture, and marketing of luxury sports cars in the United Kingdom, the Americas, the Middle East, Africa, rest of Europe, and the Asia Pacific.

Slide Insurance Holdings

Market Cap: US$2.0b

Offers property and casualty insurance services in the United States.

Ayvens

Market Cap: €7.5b

Provides service leasing and vehicle fleet management services in the France, Rest of Europe, Latin America, Asia, and internationally.

Intertek Group

Market Cap: €5.5b

Provides quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally.

Montea Comm. VA

Market Cap: €1.5b

A listed real estate company under Belgian law that specializes in logistics property in Belgium, the Netherlands, France, and Germany.

Ernst Russ

Market Cap: €243.2m

A publicly owned investment manager.

SAP

Market Cap: US$179.6b

Provides enterprise application and business solutions worldwide.

TF1

Market Cap: €1.4b

Operates as a media and entertainment company, primarily engages in television broadcasting, content creation, and distribution of audiovisual rights in France, Continental Europe, and internationally.

Wesdome Gold Mines

Market Cap: €3.3b

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

Ventura Offshore Holding

Market Cap: NOK 2.7b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Hollywood Bowl Group

Market Cap: UK£394.7m

Operates ten-pin bowling and mini-golf centers in the United Kingdom and Canada.

Euroseas

Market Cap: US$462.2m

Provides ocean-going transportation services worldwide.

Umicore

Market Cap: €3.7b

Operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa.

Blue Bird

Market Cap: US$1.7b

Designs, engineers, manufactures, and sells school buses in the United States, Canada, and internationally.

Bank7

Market Cap: €364.5m

Operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers.

Geely Automobile Holdings

Market Cap: US$210.5b

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

Arjo

Market Cap: SEK 6.7b

Develops and sells medical devices and solutions for patients for clinical and financial outcomes for healthcare in Europe, Asia, Latin America, Africa, and Pacific.