Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

China Foods

Market Cap: HK$7.8b

An investment holding company, manufactures, distributes, markets, and sells Coca-Cola series products in the People’s Republic of China.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Arcadis

Market Cap: €4.0b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Metropolitan Bank Holding

Market Cap: US$555.6m

Operates as the bank holding company for Metropolitan Commercial Bank that provides a range of business, commercial, and retail banking products and services.

CF Industries Holdings

Market Cap: US$11.9b

Engages in the manufacture and sale of hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities in North America, Europe, and internationally.

Tokuyama

Market Cap: €178.9b

Produces and sells various chemical products in Japan.

KWS SAAT SE KGaA

Market Cap: €1.8b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

TEGNA

Market Cap: US$2.5b

Operates as a journalism company in the United States.

Nordex

Market Cap: €3.6b

Develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide.

Steelcase

Market Cap: US$1.2b

Provides a portfolio of furniture and architectural products and services in the United States and internationally.

Casta Diva Group

Market Cap: €21.2m

Operates as a communication company in Italy and internationally.

MINISO Group Holding

Market Cap: €4.7b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

Alaris Equity Partners Income Trust

Market Cap: €788.8m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Bidvest Group

Market Cap: €74.0b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥21.5b

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

Shaanxi Energy Investment

Market Cap: CN¥33.4b

Engages in the thermal electricity and coal production business in China.

Fujian Funeng

Market Cap: CN¥26.3b

Engages in the production and sale of electricity and heat in China.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥259.9b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Resonac Holdings

Market Cap: JP¥467.6b

Operates as a chemical company in Japan, China, rest of Asia, and internationally.

Future

Market Cap: JP¥150.4b

Provides IT consulting and services primarily in Japan.

CITIC

Market Cap: HK$251.6b

Operates in financial services, advanced intelligent manufacturing, advanced materials, consumption, urbanization, resources and energy, and engineering contracting businesses worldwide.

Canara Bank

Market Cap: ₹821.3b

Provides various banking products and services in India and internationally.

First Resources

Market Cap: S$2.3b

An investment holding company, engages in the palm oil production activities in Singapore, Indonesia, Europe, China, Malaysia, and internationally.

Emaar Properties PJSC

Market Cap: د.إ106.5b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

F&F

Market Cap: ₩2.2t

Manufactures and sells sewn wearing apparels in South Korea.

China Resources Land

Market Cap: HK$191.1b

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

Otsuka Holdings

Market Cap: JP¥3.5t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

LHN

Market Cap: S$169.4m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

AME Elite Consortium Berhad

Market Cap: RM 984.2m

An investment holding company, engages in the design, development, and construction of manufacturing plants and industrial parks in Malaysia.

China Resources Power Holdings

Market Cap: HK$93.3b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Beijing New Building Materials

Market Cap: CN¥50.0b

Manufactures and sells building materials in China and internationally.

Beijing Urban Construction Investment & Development

Market Cap: CN¥9.5b

Beijing Urban Construction Investment & Development Co., Ltd.

Tongqinglou Catering

Market Cap: CN¥5.5b

Provides catering services in China.

LX Semicon

Market Cap: ₩810.0b

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

Daido Steel

Market Cap: JP¥205.8b

Manufactures and sells steel products in Japan and internationally.