Global Potentially Undervalued Companies

Canadian Natural Resources

Market Cap: CA$88.1b

Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.

Coterra Energy

Market Cap: US$18.2b

An independent oil and gas company, engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States.

DHT Holdings

Market Cap: US$1.8b

Through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, Norway, and India.

Angel Oak Mortgage REIT

Market Cap: US$232.2m

A real estate finance company, focuses on acquiring and investing in first lien non- qualified mortgage loans and other mortgage-related assets in the United States mortgage market.

TravelSky Technology

Market Cap: US$31.7b

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

Business First Bancshares

Market Cap: US$752.2m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

Grupo Mateus

Market Cap: R$15.7b

Operates a supermarket chain in Brazil.

Flowco Holdings

Market Cap: US$1.5b

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

Renew Holdings

Market Cap: €643.5m

Provides engineering services in the United Kingdom.

McBride

Market Cap: €208.9m

Manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Italy, Spain, rest of Europe, Asia-Pacific, and internationally.It operates through five segments: Liquids, Powders, Unit dosing, Aerosols, and Asia Pacific.

Wesdome Gold Mines

Market Cap: €2.7b

Wesdome Gold Mines Ltd. mines, develops, and explores for gold and silver deposits in Canada.

Tsingtao Brewery

Market Cap: €86.6b

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

Hikma Pharmaceuticals

Market Cap: €4.1b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

d'Amico International Shipping

Market Cap: €449.2m

Through its subsidiaries, operates as a marine transportation company worldwide.

Infinity Natural Resources

Market Cap: US$891.4m

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.

Firan Technology Group

Market Cap: CA$294.3m

Manufactures and sells aerospace and defense electronic products and subsystems in Canada, the United States, and China.

Tsingtao Brewery

Market Cap: HK$85.7b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥13.7b

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.

Miura

Market Cap: JP¥330.2b

Produces and sells boilers in Japan and internationally.

China Resources Land

Market Cap: HK$217.4b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.0b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥53.3b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Bangchak Corporation

Market Cap: ฿45.1b

Engages in the refining and marketing of petroleum products in Thailand, Singapore, Norway, Korea, Laos, and internationally.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.6b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Innocean Worldwide

Market Cap: ₩729.6b

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

Converge Information and Communications Technology Solutions

Market Cap: ₱105.1b

Converge Information and Communications Technology Solutions, Inc.

PSK

Market Cap: ₩644.5b

Develops, manufactures, and sells semiconductor processing equipment in worldwide.

KH Neochem

Market Cap: JP¥95.8b

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

Tenaga Nasional Berhad

Market Cap: RM 78.3b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Cadeler

Market Cap: NOK 18.9b

Engages in offshore wind farm installation, operations, and maintenance services in Denmark.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.8b

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

Beijing Urban Construction Investment & Development

Market Cap: CN¥10.3b

Beijing Urban Construction Investment & Development Co., Ltd.

F&F

Market Cap: ₩2.5t

Manufactures and sells sewn wearing apparels in South Korea.

Proya CosmeticsLtd

Market Cap: CN¥33.1b

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

Foxsemicon Integrated Technology

Market Cap: NT$31.3b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

Tourism Holdings

Market Cap: NZ$495.3m

Operates as a tourism company worldwide.