Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Pharming Group

Market Cap: €933.2m

A biopharmaceutical company, develops and commercializes protein replacement therapies and precision medicines for the treatment of rare diseases in the United States, Europe, and internationally.

FirstSun Capital Bancorp

Market Cap: US$991.6m

Operates as the bank holding company for Sunflower Bank, National Association that provides commercial and consumer banking and financial services to small and medium-sized companies in the United States.

Axalta Coating Systems

Market Cap: US$5.4b

Through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America.

Capital Bancorp

Market Cap: US$470.1m

Operates as the bank holding company for Capital Bank, N.A., provides various banking products and services to businesses, not-for-profit associations, and entrepreneurs in the United States.

Quartix Technologies

Market Cap: UK£110.9m

Engages in the design, development, marketing, and delivery of vehicle telematics services in the United Kingdom, France, the United States, and other European Territories.

Bear Electric ApplianceLtd

Market Cap: CN¥7.0b

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

CDW

Market Cap: €15.5b

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

Rainbow Tours

Market Cap: €1.9b

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

Bethel Automotive Safety Systems

Market Cap: CN¥28.0b

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

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.

AXA

Market Cap: €75.6b

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

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.

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.

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.

Carnival Corporation &

Market Cap: €33.4b

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

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.

LHN

Market Cap: S$254.3m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

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.

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.

China Mobile

Market Cap: HK$1.7t

Provides telecommunications and information related services in Mainland China and Hong Kong.

Hoa Phat Group

Market Cap: ₫198.8t

Produces and sells steel products in Vietnam.

Ganyuan Foods

Market Cap: CN¥4.7b

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

Sansiri

Market Cap: ฿25.0b

Engages in the property development business in Thailand.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.3b

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

Vietnam International Commercial Bank

Market Cap: ₫57.2t

Provides various banking products and services to organizations and individuals primarily in Vietnam.

Acrow

Market Cap: AU$266.4m

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

China Conch Venture Holdings

Market Cap: HK$19.7b

An investment holding company, provides various package solutions for energy conservation and environmental protection in Mainland China and the Asia-Pacific.

China Hongqiao Group

Market Cap: HK$344.3b

An investment holding company, manufactures and sells aluminum products.

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.

Aux Electric

Market Cap: HK$15.5b

Engages in the manufacturing, sales, and marketing of air conditioners.

Indegene

Market Cap: ₹105.8b

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

Vikram Solar

Market Cap: ₹69.8b

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

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.