Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Central Asia Metals

Market Cap: €300.3m

Operates as a base metals producer.

ANTA Sports Products

Market Cap: €224.9b

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

Universal Health Services

Market Cap: US$11.8b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Gap

Market Cap: US$8.7b

Operates as an apparel retail company.

Fortune Brands Innovations

Market Cap: US$5.5b

Provides home, security, and digital products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

Cicor Technologies

Market Cap: CHF 585.2m

Develops, and manufactures electronic components, devices, and systems worldwide.

Rithm Capital

Market Cap: US$5.4b

Operates as an asset manager focused on real estate, credit, and financial services in the United States.

Enel Américas

Market Cap: Col$8.2t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

NetEase

Market Cap: US$599.4b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

KBR

Market Cap: US$5.1b

Provides scientific, technology, and engineering solutions to governments and commercial customers worldwide.

AXA

Market Cap: €75.9b

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

Accenture

Market Cap: US$132.3b

Provides strategy and consulting, industry X, song, and technology and operation services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Middleby

Market Cap: US$7.1b

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

Hoa Phat Group

Market Cap: ₫209.2t

Produces and sells steel products in Vietnam.

Horizon Construction Development

Market Cap: HK$3.0b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

China Railway Group

Market Cap: CN¥139.1b

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

Arnoldo Mondadori Editore

Market Cap: €518.8m

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

Zhejiang Semir Garment

Market Cap: CN¥14.4b

Produces and sells casual apparels in China and internationally.

Orion Group Holdings

Market Cap: US$467.4m

Operates as a specialty construction company for the infrastructure, industrial, and building sectors in the United States, Canada, and the Caribbean Basin.

Acrow

Market Cap: AU$291.3m

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

Arcadis

Market Cap: €2.6b

Engages in the design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.8b

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

Asbury Automotive Group

Market Cap: US$3.9b

Operates as an automotive retailer in the United States.

Indofood Sukses Makmur

Market Cap: Rp55.1t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Sabio Holdings

Market Cap: CA$17.8m

Operates as a technology provider in the advertising areas of connected TV (CTV) and over-the-top (OTT) streaming in the United States and the United Kingdom.

MCNEX

Market Cap: ₩389.5b

Manufactures and sells camera modules in South Korea and internationally.

Ping An Bank

Market Cap: CN¥210.0b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Grupa Pracuj

Market Cap: €2.7b

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

Metcash

Market Cap: AU$3.4b

Operates as a wholesale distribution and marketing company in Australia.

Japan Hotel REIT Investment

Market Cap: JP¥407.3b

Japan Hotel REIT Investment Corporation (JHR) was established under the Act on Investment Trusts and Investment Corporations (Act No.

C&A Modas

Market Cap: R$3.6b

Operates as a fashion retailer for women, men, and children in Brazil and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.8b

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.

Carmila

Market Cap: €2.4b

A leading European commercial real estate company, with 250 shopping centres across France, Spain and Italy.

Shenzhen YHLO Biotech

Market Cap: CN¥8.1b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

Torex Gold Resources

Market Cap: US$7.1b

A mineral exploration company, engages in the acquisition, exploration, and development of mineral properties in Mexico and the United States.