Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carlsberg

Market Cap: US$111.3b

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

JOST Werke

Market Cap: €788.2m

Manufactures and supplies safety-critical systems for the commercial vehicle industry in Germany, Europe, North America, Asia, the Pacific, and Africa.

Brinker International

Market Cap: €5.1b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

Jazz Pharmaceuticals

Market Cap: €8.3b

Jazz Pharmaceuticals plc identifies, develops, and commercializes pharmaceutical products in the United States, Europe, and internationally.

FDJ United

Market Cap: €4.5b

Engages in the gaming operation and distribution business in France and internationally.

Arnoldo Mondadori Editore

Market Cap: €550.3m

Engages in publishing of books and magazines in Italy, rest of Europe, and the United States.

Robert Walters

Market Cap: €89.5m

Provides professional recruitment consultancy services worldwide.

Sangoma Technologies

Market Cap: US$251.0m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

Science Applications International

Market Cap: €4.2b

Provides technical, engineering, and enterprise information technology (IT) services in the United States.

CTO Realty Growth

Market Cap: €563.9m

A publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States.

Allied Properties Real Estate Investment Trust

Market Cap: €1.9b

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities.

ANTA Sports Products

Market Cap: €234.6b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Carnival Corporation &

Market Cap: €34.1b

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

Vallourec

Market Cap: €3.9b

Through its subsidiaries, provides tubular solutions for the oil and gas, industry, and new energies markets in Europe, North America, South America, Asia, the Middle East, and internationally.

Taylor Morrison Home

Market Cap: €5.8b

Operates as a land developer and homebuilder in the United States.

BYD Electronic (International)

Market Cap: US$79.5b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Indorama Ventures

Market Cap: ฿94.3b

Manufactures and distributes petrochemical products in Thailand, the United States, Brazil, and internationally.

AWC Berhad

Market Cap: RM 212.1m

An investment holding company, provides integrated facilities management and engineering services.

Sansiri

Market Cap: ฿23.2b

Engages in the property development business in Thailand.

Chambal Fertilisers and Chemicals

Market Cap: ₹185.7b

Produces and sells fertilizers primarily in India.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

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

Huaqin Technology

Market Cap: CN¥89.7b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Haidilao International Holding

Market Cap: HK$77.9b

An investment holding company, engages in the restaurant operation and delivery businesses in Mainland China, Hong Kong, Macau, and Taiwan.

KH Neochem

Market Cap: JP¥84.4b

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

Innocean Worldwide

Market Cap: ₩720.4b

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

NetEase Cloud Music

Market Cap: HK$44.3b

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.

LX Semicon

Market Cap: ₩827.9b

Operates as a semiconductor company in South Korea, China, Vietnam, Taiwan, Japan, and internationally.

Cheerwin Group

Market Cap: HK$3.0b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Security Bank

Market Cap: ₱49.8b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

China Conch Venture Holdings

Market Cap: HK$19.0b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

China South Publishing & Media Group

Market Cap: CN¥21.8b

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

IPH

Market Cap: AU$941.3m

Provides intellectual property (IP) services and products.

China Overseas Property Holdings

Market Cap: HK$16.6b

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

Aurelia Metals

Market Cap: AU$389.3m

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

MCNEX

Market Cap: ₩426.2b

Manufactures and sells camera modules in South Korea and internationally.