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.

Trajan Group Holdings

Market Cap: AU$141.7m

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.

Housing and Development Bank- Egypt (S.A.E)

Market Cap: ج.م33.6b

Together with its, provides corporate and retail banking services in Egypt.

Regeneron Pharmaceuticals

Market Cap: €61.1b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

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.

China Mengniu Dairy

Market Cap: €63.7b

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

Persimmon

Market Cap: UK£3.6b

Operates as a house builder in the United Kingdom.

CEWE Stiftung KGaA

Market Cap: €644.9m

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

Copa Holdings

Market Cap: €4.8b

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

Gamma Communications

Market Cap: UK£1.0b

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

MONY Group

Market Cap: UK£1.1b

Engages in the provision of price comparison and lead generation services through its websites and applications in the United Kingdom.

Grafton Group

Market Cap: €1.8b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

Bidvest Group

Market Cap: €83.4b

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

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.

McBride

Market Cap: €204.0m

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: €2.6b

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

Chorus Aviation

Market Cap: CA$554.3m

Through its subsidiaries, provides aviation services.

Casta Diva Group

Market Cap: €12.1m

Operates as a communication company in Italy and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Stingray Group

Market Cap: €672.2m

Operates as a music, media, and technology company in Canada, the United States, and internationally.

Regeneron Pharmaceuticals

Market Cap: €61.1b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

Rainbow Tours

Market Cap: €2.1b

Operates as a tour operator in Poland, the Czech Republic, Greece, Spain, Turkey, Slovakia, Lithuania, and internationally.

Transcontinental

Market Cap: €1.7b

Engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, 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.

Teva Pharmaceutical Industries

Market Cap: €21.2b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Valeura Energy

Market Cap: €897.7m

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Torex Gold Resources

Market Cap: US$3.7b

Operates as an intermediate gold producer.

Pollard Banknote

Market Cap: €560.3m

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

GFT Technologies

Market Cap: €462.5m

Provides digital transformation services.

DOF Group

Market Cap: €24.6b

Owns and operates a fleet of offshore and subsea vessels.

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.

Robert Walters

Market Cap: €98.0m

Provides professional recruitment consultancy services worldwide.

Cosmo Pharmaceuticals

Market Cap: CHF 924.5m

Focuses on the development and commercialization products for gastroenterology, dermatology, and healthtech worldwide.

Ag Growth International

Market Cap: CA$785.1m

Manufactures and distributes equipment for bulk agriculture commodities worldwide.

ACT Energy Technologies

Market Cap: CA$165.6m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.