Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

China Railway Group

Market Cap: CN¥129.1b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Adairs

Market Cap: AU$322.8m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Bear Electric ApplianceLtd

Market Cap: CN¥6.9b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.

Huali Industrial Group

Market Cap: CN¥56.4b

Engages in the design, development, production, and sale of sports shoes in China and internationally.

Grand Pharmaceutical Group

Market Cap: HK$26.5b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Ningbo Sanxing Medical ElectricLtd

Market Cap: CN¥33.9b

Manufactures and sells power distribution in China and internationally.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥10.2b

Provides chemical supply chain solutions worldwide.

SILICON2

Market Cap: ₩2.6t

Engages in the distribution of cosmetics products worldwide.

Sanofi

Market Cap: €93.8b

Engages in the research, development, manufacture, and marketing of therapeutic solutions.

Grupa Pracuj

Market Cap: zł3.0b

Operates HR technology platform in Poland, Ukraine, and Germany.

Ventura Offshore Holding

Market Cap: NOK 2.6b

A deep-water drilling contractor, provides offshore drilling services to the oil and gas industry in Brazil and internationally.

Kaufman & Broad

Market Cap: €604.0m

Operates as a property developer and builder in France.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥224.7b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Guangdong Haid Group

Market Cap: CN¥88.3b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Demant

Market Cap: DKK 37.2b

Operates as a hearing healthcare company in Europe, North America, Asia, Pacific region, and internationally.

Resolute Mining

Market Cap: UK£3.1b

Engages in mining, prospecting, and exploration of mineral properties in Africa.

74Software

Market Cap: €790.2m

Operates as a software company in France.

ICG

Market Cap: UK£4.9b

A private equity firm specializing in direct and fund of fund investments.

Acrow

Market Cap: AU$324.0m

Provides smart integrated construction systems across formwork, industrial services, and commercial scaffolding in Australia.

Tsingtao Brewery

Market Cap: CN¥73.4b

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

Bethel Automotive Safety Systems

Market Cap: CN¥31.2b

Develops, manufactures, and sells automotive chassis systems and advanced driving systems in China.

Chongqing Baiya Sanitary Products

Market Cap: CN¥9.2b

Chongqing Baiya Sanitary Products Co., Ltd.

ARN Media

Market Cap: AU$109.6m

Operates as a media and entertainment company in Australia and Hong Kong.

WemadeLtd

Market Cap: ₩933.0b

Develops and publishes games in South Korea and internationally.

Industrial Bank

Market Cap: CN¥391.3b

Provides banking products and services in the People’s Republic of China.

Shanghai Zhonggu Logistics

Market Cap: CN¥21.8b

Provides container shipping services in China.

MEGA P&C Advanced Materials (Shanghai)

Market Cap: CN¥5.4b

Produces and sells solid content, water-based solvent free, and special function coating products in China.

Micro-Tech (Nanjing)Ltd

Market Cap: CN¥14.8b

Engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally.

China Mengniu Dairy

Market Cap: HK$65.4b

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

Prudential

Market Cap: UK£27.0b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

q.beyond

Market Cap: €100.4m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

Carmila

Market Cap: €2.4b

As the third-largest listed owner of commercial property in Europe, Carmila was founded by Carrefour and large institutional investors in order to enhance the value of shopping centres adjoining Carrefour hypermarkets in France, Spain and Italy.

EVS Broadcast Equipment

Market Cap: €462.9m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

Sword Group

Market Cap: €302.3m

Provides IT and software solutions.

Haiki+

Market Cap: €75.6m

Engages in the treatment, management, and valorization of waste in Italy.