Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

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.

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.

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.

Yuexiu Transport Infrastructure

Market Cap: €6.2b

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

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.

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.

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.

DNO

Market Cap: €16.2b

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

Otsuka

Market Cap: €1.0t

Provides information services in Japan.

Man Wah Holdings

Market Cap: €11.8b

An investment holding company, engages in the manufacture and distribution of sofas and ancillary products in the People's Republic of China, Europe, North America, and internationally.

Deezer

Market Cap: €131.2m

Provides music, lossless HiFi audio, and industry-defining features on a scalable platform in France, Germany, the United Kingdom, Brazil, the United States, and internationally.

Japan Lifeline

Market Cap: €89.9b

A medical device company, engages in manufacturing and sale of medical device in Japan.

Antam (Persero)

Market Cap: €65.1t

Operates as a diversified metals and mining company in Indonesia.

Vetoquinol

Market Cap: €841.4m

A veterinary pharmaceutical company, designs, develops, and sells veterinary drugs and non-medicinal products for cattle, pigs, dogs, and cats in Europe, the Americas, and the Asia Pacific region.

TotalEnergies

Market Cap: €151.8b

An integrated energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, the United States, Europe, Brazil, India, and internationally.

Bosideng International Holdings

Market Cap: €45.9b

Engages in the apparel business in the People’s Republic of China.

Gartner

Market Cap: €9.0b

Provides business and technology insights to support decision-making and performance on an organization’s mission-critical priorities in the United States, Canada, Europe, the Middle East, Africa, and internationally.

China Water Affairs Group

Market Cap: €7.3b

An investment holding company, engages in the water supply, environmental protection, and property businesses in the People’s Republic of China.

DOF Group

Market Cap: €28.1b

Owns and operates a fleet of offshore and subsea vessels.

NetEase

Market Cap: €600.7b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Astra International

Market Cap: €190.7t

Operates in the automotive, financial services, heavy equipment, mining, construction, energy, agri, infrastructure and logistics, information technology, and property businesses in Indonesia and internationally.

Mears Group

Market Cap: UK£339.0m

Provides various outsourced services to the public and private sectors in the United Kingdom.

Globus Medical

Market Cap: €11.7b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Hollywood Bowl Group

Market Cap: UK£465.2m

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

TAL Education Group

Market Cap: €5.3b

Provides smart learning solutions in the People’s Republic of China.

Arcos Dorados Holdings

Market Cap: €1.8b

Operates as a franchisee of McDonald’s restaurants.

GFT Technologies

Market Cap: €522.8m

Provides digital transformation services.

Regis Resources

Market Cap: €5.0b

Engages in the exploration, evaluation, and development of gold projects in Australia.

ENEA

Market Cap: €10.2b

Generates, transmits, distributes, and trades in electricity in Poland.

Indofood Sukses Makmur

Market Cap: €59.0t

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