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.

BP

Market Cap: UK£52.5b

An integrated energy company, provides carbon products and services.

LX Semicon

Market Cap: ₩824.6b

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

Fujian Funeng

Market Cap: CN¥26.8b

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

China National Building Material

Market Cap: HK$31.0b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

COSCO SHIPPING Ports

Market Cap: HK$15.5b

An investment holding company, manages and operates ports and terminals in Mainland China, Hong Kong, Europe, and internationally.

Jiangshan Oupai Door Industry

Market Cap: CN¥2.6b

Engages in the research, development, manufacture, processing, sale, and service of wooden doors in China and internationally.

China Resources Power Holdings

Market Cap: HK$94.3b

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¥49.0b

Manufactures and sells building materials in China and internationally.

China Resources Land

Market Cap: HK$189.3b

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

China Tower

Market Cap: HK$190.2b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Ningbo Deye Technology Group

Market Cap: CN¥56.0b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Trajan Group Holdings

Market Cap: AU$114.3m

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.

Apeloa PharmaceuticalLtd

Market Cap: CN¥16.2b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

Anhui HeliLtd

Market Cap: CN¥14.5b

Engages in the manufacture and sale of industrial vehicles in the People’s Republic of China.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Almirall

Market Cap: €2.0b

Operates as a skin health-focused biopharmaceutical company in Spain, Europe, the Middle East, the United States, Asia, and Africa.

Tenaris

Market Cap: €15.2b

Manufactures and supplies steel pipe products and related services for the energy industry and other industrial applications in North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Viatris

Market Cap: €9.0b

Operates as a healthcare company in North America, Europe, China, Taiwan, Hong Kong, Japan, Australia, New Zealand, rest of Asia, Africa, Latin America, and the Middle East.

CNB Financial

Market Cap: US$428.9m

Operates as the bank holding company for CNB Bank that provides a range of banking products and services for individual, business, governmental, and institutional customers.

Hackett Group

Market Cap: US$726.0m

Operates as an intellectual property platform-based generative artificial intelligence strategic consulting and executive advisory digital transformation in the United States, Europe, and internationally.

Amneal Pharmaceuticals

Market Cap: €2.2b

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

Arnoldo Mondadori Editore

Market Cap: €538.6m

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

Morgan Advanced Materials

Market Cap: €519.2m

Manufactures and sells various carbon and ceramic products in the United Kingdom.

Korn Ferry

Market Cap: US$3.3b

Engages in the provision of organizational consulting services worldwide.

Shofu

Market Cap: €74.4b

Manufactures and sells dental materials and equipment worldwide.

SergeFerrari Group

Market Cap: €58.2m

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

Solid World Group

Market Cap: €19.6m

Provides a range of software products, scanners, and 3D printers that assists the design, prototyping, and production of industrial products in Italy.

IMI

Market Cap: UK£4.3b

An engineering company, engages in the design, manufacturing, and servicing of engineering products in the United Kingdom, Germany, rest of Europe, the United States, rest of the Americas, China, rest of the Asia Pacific, the Middle East, and Africa.

Sandoz Group

Market Cap: CHF 14.1b

Develops, manufactures, and markets generic pharmaceuticals and biosimilars worldwide.

Host Hotels & Resorts

Market Cap: US$9.7b

An S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels.

Keppel

Market Cap: €10.9b

An investment holding company, engages in the infrastructure, real estate, and connectivity business.

Open Text

Market Cap: €6.5b

Engages in the provision of information management products and services.

Capgemini

Market Cap: €21.8b

Engages in the provision of 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.