Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

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.

Proya CosmeticsLtd

Market Cap: CN¥32.3b

A beauty and personal care company, researches, develops, produces, and sells cosmetics in China.

Jonjee Hi-Tech Industrial and Commercial HoldingLtd

Market Cap: CN¥14.6b

Produces and sells seasoning products in China and internationally.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥12.3b

Manufactures and sells steel structures and supporting products in China and internationally.

Shenzhen Fuanna Bedding and FurnishingLtd

Market Cap: CN¥6.1b

Engages in the research and development, design, production, and sale of textile home furnishing, sleep home furnishing, and living products in China and internationally.

China Resources Land

Market Cap: HK$205.8b

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

Tsingtao Brewery

Market Cap: HK$84.3b

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

Longfor Group Holdings

Market Cap: HK$68.6b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

IPH

Market Cap: AU$1.4b

Provides intellectual property (IP) services and products.

Trajan Group Holdings

Market Cap: AU$123.4m

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.

Ganyuan Foods

Market Cap: CN¥5.1b

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

China Tower

Market Cap: HK$192.5b

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

L&K Engineering (Suzhou)Ltd

Market Cap: CN¥7.9b

Provides specialized engineering technical services in China.

Luxi Chemical Group

Market Cap: CN¥22.0b

Manufactures and sells chemical and fertilizer products.

Acrow

Market Cap: AU$312.6m

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

LX Semicon

Market Cap: ₩881.5b

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

Select Harvests

Market Cap: AU$487.4m

Engages in the growing, processing, packaging, and selling of almonds and its by-products in Australia.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥20.5b

Designs, develops, manufactures, sells, and supplies auto parts in China.

Beijing New Building Materials

Market Cap: CN¥44.1b

Manufactures and sells building materials in China and internationally.

China Overseas Property Holdings

Market Cap: HK$17.9b

An investment holding company, provides property management services in Hong Kong, Macau, and Mainland China.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥21.6b

ShenZhen YUTO Packaging Technology Co., Ltd.

Bank Mandiri (Persero)

Market Cap: Rp431.2t

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

Ningbo Deye Technology Group

Market Cap: CN¥46.6b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hongkong, Germany, India, and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥23.9b

Engages in the engineering, equipment manufacture and supply, and other businesses in China and internationally.

Business First Bancshares

Market Cap: US$678.5m

Operates as the bank holding company for b1BANK that provides various banking products and services in Louisiana and Texas.

Havas

Market Cap: €1.5b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

1st Source

Market Cap: US$1.4b

Operates as the bank holding company for 1st Source Bank that provides commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients in the United States.

USCB Financial Holdings

Market Cap: US$324.7m

Operates as the bank holding company for U.S.

Befesa

Market Cap: €1.0b

Offers environmental recycling services to the steel and aluminum industries in the European, Asian, and North American markets.

Infinity Natural Resources

Market Cap: US$864.4m

Engages in the acquisition, exploration, and development of properties to produce oil, natural gas, and natural gas liquids from underground reservoirs in the United States.

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.

Crocs

Market Cap: €5.4b

Designs, develops, manufactures, markets, distributes, and sells casual lifestyle footwear and accessories for men, women, and children under the Crocs and HEYDUDE Brands in the United States and internationally.

Spindox

Market Cap: €71.7m

Provides information and communication technology services in Italy and internationally.

Sanofi

Market Cap: €100.0b

A healthcare company, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally.

Luceco

Market Cap: €192.2m

Manufactures and distributes wiring accessories, LED lighting, and portable power products in the United Kingdom, the Americas, Europe, the Middle East, Africa, the Asia Pacific.