Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Hongqiao Group

Market Cap: HK$292.1b

An investment holding company, manufactures and sells aluminum products in the People's Republic of China, India, Europe, Malaysia, North America, the rest of Southeast Asia, and internationally.

Aluminum Corporation of China

Market Cap: HK$212.7b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Xtep International Holdings

Market Cap: HK$11.3b

Designs, develops, manufactures, markets, and sells footwear, apparel, and accessories for adults and children in Mainland China.

Baoshan Iron & Steel

Market Cap: CN¥126.1b

Manufactures and sells steel products in China and internationally.

American Integrity Insurance Group

Market Cap: €333.2m

Operates as an insurance company in the United States.

Industrial Bank

Market Cap: CN¥369.5b

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

GWA Group

Market Cap: AU$535.7m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

Aluminum Corporation of China

Market Cap: HK$212.7b

Primarily engages in the exploration and mining of bauxite, coal, and other resources in the People's Republic of China and internationally.

Sinopharm Group

Market Cap: HK$54.8b

Engages in the wholesale and retail of pharmaceutical and healthcare products, and medical devices in the People’s Republic of China.

Fosun International

Market Cap: HK$32.5b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Shenzhen YHLO Biotech

Market Cap: CN¥6.4b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

Cheil Worldwide

Market Cap: ₩1.9t

Provides various marketing and advertising solutions worldwide.

Hansen Technologies

Market Cap: AU$967.4m

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

Bank CIMB Niaga

Market Cap: Rp41.4t

Provides various banking products and services in Indonesia and internationally.

China Hongqiao Group

Market Cap: HK$292.1b

An investment holding company, manufactures and sells aluminum products in the People's Republic of China, India, Europe, Malaysia, North America, the rest of Southeast Asia, and internationally.

Far East Horizon

Market Cap: HK$35.4b

Provides various financial services in Mainland China, Hong Kong, and internationally.

Stanmore Resources

Market Cap: AU$2.2b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

Geely Automobile Holdings

Market Cap: CN¥209.8b

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

Inspur Digital Enterprise Technology

Market Cap: HK$3.1b

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.

Daiwa House Industry

Market Cap: €2.7t

Engages in the construction work business in Japan, the United States, and internationally.

Forbo Holding

Market Cap: CHF 1.0b

Engages in the production and sell of floor coverings, building and construction adhesives, and belt for power transmission and conveyor technology worldwide.

Gecina

Market Cap: €5.4b

A leading operator that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.6bn euros as at December 31, 2025.

Amphastar Pharmaceuticals

Market Cap: US$811.8m

A bio-pharmaceutical company, develops, manufactures, markets, and sells generic and proprietary injectable, inhalation, and intranasal products in the United States, China, and France.

Viva Wine Group

Market Cap: SEK 2.9b

Develops, markets, imports, and sells wines.

China Water Affairs Group

Market Cap: €7.6b

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

Trisura Group

Market Cap: €1.9b

A specialty insurance company, operates in the surety, warranty, corporate insurance, and program and fronting businesses in Canada and the United States.

Scotts Miracle-Gro

Market Cap: €3.4b

Engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally.

China Tower

Market Cap: HK$179.5b

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

Guangdong Haid Group

Market Cap: CN¥74.6b

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

Acrow

Market Cap: AU$249.2m

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

Bank BTPN Syariah

Market Cap: Rp7.4t

Operates as a sharia commercial bank providing a comprehensive range of banking products and services in Indonesia.

Aurelia Metals

Market Cap: AU$499.6m

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

Beijing Dabeinong Technology GroupLtd

Market Cap: CN¥14.8b

Beijing Dabeinong Technology Group Co.,Ltd.

Hwaseung Enterprise

Market Cap: ₩240.2b

Manufactures and sells shoes.

Cosmax

Market Cap: ₩2.1t

Researches, develops, produces, and manufactures cosmetic and health function food products in Korea and internationally.