Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Railway Group

Market Cap: CN¥130.0b

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

China Mengniu Dairy

Market Cap: HK$59.8b

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

Proya CosmeticsLtd

Market Cap: CN¥31.9b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Ganyuan Foods

Market Cap: CN¥5.3b

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

LX Semicon

Market Cap: ₩866.9b

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

Beijing New Building Materials

Market Cap: CN¥43.0b

Manufactures and sells building materials in China and internationally.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.6b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

China Overseas Property Holdings

Market Cap: HK$17.1b

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

Monash IVF Group

Market Cap: AU$263.0m

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

Industrial Bank

Market Cap: CN¥445.9b

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

IPH

Market Cap: AU$1.0b

Provides intellectual property (IP) services and products.

Tsingtao Brewery

Market Cap: HK$86.5b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Indofood Sukses Makmur

Market Cap: Rp67.2t

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

Sinoma International EngineeringLtd

Market Cap: CN¥23.2b

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

Acrow

Market Cap: AU$317.2m

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

GFT Technologies

Market Cap: €439.4m

Provides digital transformation services.

MONY Group

Market Cap: UK£1.1b

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

TravelSky Technology

Market Cap: US$31.6b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

Origin Enterprises

Market Cap: €413.0m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Austevoll Seafood

Market Cap: NOK 19.6b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

JOST Werke

Market Cap: €727.1m

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

Perrigo

Market Cap: €3.1b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Flowco Holdings

Market Cap: US$1.4b

Through its subsidiaries, provides production optimization, artificial lift, and methane abatement solutions for the oil and natural gas industry in the United States.

Middle East Healthcare

Market Cap: ر.س4.9b

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

Trajan Group Holdings

Market Cap: AU$112.1m

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.

Worley

Market Cap: AU$7.3b

Provides professional services to the energy, chemicals, and resources sectors in the Americas, Europe, the Middle East, Africa, Australia, the Asia Pacific, and China.

Pollard Banknote

Market Cap: €520.2m

Manufactures and sells lottery and charitable gaming products and solutions in the United States, Canada, and internationally.

Ribbon Communications

Market Cap: US$676.5m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Royalty Pharma

Market Cap: US$21.2b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

Crown Castle

Market Cap: US$41.5b

Crown Castle owns, operates and leases approximately 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S.

Infinity Natural Resources

Market Cap: US$838.3m

Engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States.

Econocom Group

Market Cap: €286.0m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Husqvarna

Market Cap: SEK 29.1b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

PORR

Market Cap: €1.1b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

Huhtamäki Oyj

Market Cap: €3.2b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.