Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

GPS Participações e Empreendimentos

Market Cap: R$11.1b

Together its subsidiaries, engages in the provision of facilities, security, logistics, utility engineering, industrial service, catering, and infrastructure services in Brazil.

Bank Mandiri (Persero)

Market Cap: €442.4t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Alaris Equity Partners Income Trust

Market Cap: €873.6m

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

Tsingtao Brewery

Market Cap: €86.9b

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

Huhtamäki Oyj

Market Cap: €3.3b

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

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Amneal Pharmaceuticals

Market Cap: €2.6b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

ACM Research

Market Cap: €1.8b

Develops, manufactures, and sells capital equipment worldwide.

Pearson

Market Cap: €7.0b

Provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally.

PORR

Market Cap: €1.0b

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

ANTA Sports Products

Market Cap: €259.0b

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

Thungela Resources

Market Cap: €11.5b

Engages in the mining and production of thermal coal in South Africa and Australia.

Robert Walters

Market Cap: €115.1m

Provides professional recruitment consultancy services worldwide.

Tongcheng Travel Holdings

Market Cap: €46.8b

An investment holding company, provides travel related services in the People’s Republic of China.

Origin Enterprises

Market Cap: €398.6m

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

MINISO Group Holding

Market Cap: €5.5b

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.

Capgemini

Market Cap: €24.7b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

Sanofi

Market Cap: €101.5b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Quest Resource Holding

Market Cap: €45.9m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

DOF Group

Market Cap: €22.3b

Owns and operates a fleet of offshore and subsea vessels.

CEWE Stiftung KGaA

Market Cap: €681.0m

Operates as a photo service and online printing provider in Germany and internationally.

Copa Holdings

Market Cap: €4.6b

Through its subsidiaries, provides airline passenger and cargo transport services.

Asahi Group Holdings

Market Cap: €2.9t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Bidvest Group

Market Cap: €81.1b

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

PLDT

Market Cap: US$267.9b

Provides telecommunications and digital services in the Philippines.

Reynolds Consumer Products

Market Cap: €4.6b

Produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally.

GFT Technologies

Market Cap: €605.6m

Provides digital transformation services.

Enhabit

Market Cap: €387.4m

Provides home health and hospice services in the United States.

SergeFerrari Group

Market Cap: €63.5m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.

H.I.S

Market Cap: €100.7b

Provides travel agency services worldwide.

Pollard Banknote

Market Cap: €595.5m

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

China Mengniu Dairy

Market Cap: €63.0b

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

Arnoldo Mondadori Editore

Market Cap: €559.4m

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

Aica Kogyo Company

Market Cap: €227.4b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.