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.

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.

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.

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.

Tokuyama

Market Cap: €178.9b

Produces and sells various chemical products in Japan.

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.

KWS SAAT SE KGaA

Market Cap: €1.8b

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

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.

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.

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.

Bidvest Group

Market Cap: €74.0b

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

Sinopharm Group

Market Cap: HK$55.6b

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

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.

Trajan Group Holdings

Market Cap: AU$131.0m

Develops, manufactures, sells, and distributes analytical and life science products and devices in Australia, New Zealand, Malaysia, Japan, the United States, Europe, the Middle East, Africa, and India.

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.

China Construction Bank

Market Cap: HK$1.6t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

LHN

Market Cap: HK$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.

Dai Nippon Printing

Market Cap: JP¥871.6b

Primarily engages in the printing business.

IRB Infrastructure Developers

Market Cap: ₹271.8b

Engages in the infrastructure development business in India.

Ever Sunshine Services Group

Market Cap: HK$3.1b

An investment holding company, provides property management services in the People's Republic of China.

L.G. Balakrishnan & Bros

Market Cap: ₹35.0b

Manufactures and sells transmission chains, sprockets, and metal formed parts for automotive and industrial applications in India and internationally.

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.

Beijing New Building Materials

Market Cap: CN¥50.0b

Manufactures and sells building materials in China and internationally.

F&F

Market Cap: ₩2.2t

Manufactures and sells sewn wearing apparels in South Korea.

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.

Totetsu Kogyo

Market Cap: JP¥102.2b

Engages in the railway track maintenance, civil engineering, architectural, and environmental businesses in Japan.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

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.

MC Group

Market Cap: ฿7.5b

Manufactures, distributes, and retails apparel, accessories, and lifestyle products in Thailand.

Innocean Worldwide

Market Cap: ₩678.8b

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

Wus Printed Circuit (Kunshan)

Market Cap: CN¥53.1b

Engages in the research, development, design, manufacture, and sale of printed circuit boards in China.