Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Tongcheng Travel Holdings

Market Cap: €40.7b

An investment holding company, provides travel related services in the People’s Republic of China.

Bertrandt

Market Cap: €134.4m

Provides engineering services.

Brinker International

Market Cap: €6.0b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

CENIT

Market Cap: €54.9m

Provides software solutions and associated software consulting and integration services.

Transcontinental

Market Cap: €455.0m

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

Man Wah Holdings

Market Cap: €16.6b

An investment holding company, engages in the manufacture and distribution of sofas and ancillary products in the People's Republic of China, Europe, Vietnam, Mexico, and internationally.

Bank Mandiri (Persero)

Market Cap: €410.3t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Cosmo Energy Holdings

Market Cap: €604.1b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

Akzo Nobel

Market Cap: €8.8b

Produces and sells paints and coatings worldwide.

GFT Technologies

Market Cap: €476.5m

Provides digital transformation services.

Huhtamäki Oyj

Market Cap: €2.8b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Carnival Corporation &

Market Cap: €37.5b

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

Brinker International

Market Cap: €6.0b

Owns, develops, operates, and franchises casual dining restaurants in the United States and internationally.

JOYY

Market Cap: US$2.9b

Engages in the provision of social product matrix and communication technology.

Atalaya Mining Copper

Market Cap: €1.2b

Engages in the mineral exploration and development in Spain.

China Hongqiao Group

Market Cap: €347.7b

An investment holding company, manufactures and sells aluminum products.

ProCredit Holding

Market Cap: €487.1m

Provides commercial banking products and services for small and medium enterprises and private clients in Europe, South America, and Germany.

Prudential

Market Cap: UK£28.0b

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

Sleep Cycle

Market Cap: €378.8m

Engages in the development of sleep analysis applications in Sweden and internationally.

Ovintiv

Market Cap: €15.8b

Operates as an oil and natural gas exploration and production company in North America.

Grafton Group

Market Cap: €1.7b

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

Aegean Airlines

Market Cap: €1.1b

Operates as an airline company that engages in the provision of public airline transportation services in Greece and internationally.

Middleby

Market Cap: US$6.6b

Designs, manufactures, markets, distributes, and services of commercial restaurant and food processing equipment worldwide.

Yuexiu Transport Infrastructure

Market Cap: €6.8b

Invests in, constructs, develops, operates, and manages expressways and bridges in the People’s Republic of China.

Suzano

Market Cap: R$56.0b

Manufactures and sells pulp and paper products in Brazil and internationally.

Acrow

Market Cap: €296.0m

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

Wienerberger

Market Cap: €2.7b

Produces and sells clay blocks, facing bricks, roof tiles, and ceramic pavers in Europe West, Europe East, and North America.

Exxaro Resources

Market Cap: €49.0b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

Rainbow Tours

Market Cap: €2.0b

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

Ansell

Market Cap: €3.7b

Designs, sources, develops, manufactures, distributes, and sells hand and body protection solutions in the Asia Pacific, Europe, the Middle East, Africa, Latin America, the Caribbean, and North America.

Babcock International Group

Market Cap: UK£5.4b

Engages in the design, development, manufacture, and integration of specialist systems for aerospace, defense, and security in the United Kingdom, rest of Europe, Africa, North America, Australasia, and internationally.

TAL Education Group

Market Cap: €6.8b

Provides K-12 after-school tutoring services in the People’s Republic of China.

Copa Holdings

Market Cap: €4.8b

Through its subsidiaries, provides airline passenger, and cargo and mail transportation services in North America, South America, Central America, and the Caribbean.

Indivior Pharmaceuticals

Market Cap: €4.2b

Engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and related disorders in the United States, Europe, Canada, Australia, and internationally.

On the Beach Group

Market Cap: €238.2m

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