Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Andritz

Market Cap: €5.9b

Engages in the provision of industrial machinery, equipment, and services in Europe, North America, South America, China, Asia, Africa, Australia, and internationally.

Sonoco Products

Market Cap: €5.0b

Designs, develops, manufactures, and sells various engineered and sustainable packaging products in the United States, Europe, Canada, the Asia Pacific, and internationally.

Vikram Solar

Market Cap: ₹69.8b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

Monash IVF Group

Market Cap: AU$243.5m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Morimatsu International Holdings

Market Cap: HK$9.7b

Designs, manufactures, installs, operates, and maintains core equipment, process systems, and solutions primarily for chemical reactions, biological reactions, and polymerization.

Indegene

Market Cap: ₹105.8b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.

On the Beach Group

Market Cap: €227.5m

Operates as an online retailer of short haul beach holidays under the On the Beach brand in the United Kingdom and Republic of Ireland.

ANTA Sports Products

Market Cap: €214.4b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

AXA

Market Cap: €75.6b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

CDW

Market Cap: €15.5b

Provides information technology (IT) solutions in the United States, the United Kingdom, and Canada.

McBride

Market Cap: €242.9m

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, the Asia-Pacific, and internationally.

Carnival Corporation &

Market Cap: €33.4b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Lucky Harvest

Market Cap: CN¥8.0b

Engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China.

Industrial Bank

Market Cap: CN¥397.7b

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

Acrow

Market Cap: AU$266.4m

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

China Mengniu Dairy

Market Cap: HK$62.9b

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

China Resources Land

Market Cap: HK$209.5b

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

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.3b

Operates as contract development and manufacturing organization (CDMO) company in China and internationally.

Ganyuan Foods

Market Cap: CN¥4.7b

Engages in the research and development, production, and sales of snack foods in China.

C&D International Investment Group

Market Cap: HK$29.3b

An investment holding company, engages in the property development, real estate industry chain investment services, and industry investment activities in the People’s Republic of China.

Hansen Technologies

Market Cap: AU$920.1m

Engages in the development, integration, and support of billing and customer information systems.

Migros Ticaret

Market Cap: ₺105.7b

Engages in the retail sale of food and beverages, consumer, and durables goods in Turkey.

Trajan Group Holdings

Market Cap: AU$67.9m

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

China Hongqiao Group

Market Cap: HK$344.3b

An investment holding company, manufactures and sells aluminum products.

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

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

Aeon (M) Bhd

Market Cap: RM 1.5b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

Adairs

Market Cap: AU$224.3m

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

GPT Group

Market Cap: AU$8.7b

GPT is one of Australia’s leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.3b

Provides chemical supply chain solutions worldwide.

Aurelia Metals

Market Cap: AU$397.9m

Engages in the exploration and production of mineral properties in Australia.

Guangdong Haid Group

Market Cap: CN¥90.9b

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

China Railway Group

Market Cap: CN¥129.5b

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

Grand Pharmaceutical Group

Market Cap: HK$24.2b

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.

Angel Oak Mortgage REIT

Market Cap: US$201.8m

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

INDUS Holding

Market Cap: €682.1m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.