Global Potentially Undervalued Companies

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.

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Acrow

Market Cap: AU$311.8m

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

Adaro Minerals Indonesia

Market Cap: Rp42.1t

Engages in metallurgical coal mining business in Indonesia.

Beijing New Building Materials

Market Cap: CN¥48.0b

Manufactures and sells building materials in China and internationally.

Trajan Group Holdings

Market Cap: AU$126.5m

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.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥13.1b

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

China National Building Material

Market Cap: HK$26.5b

An investment holding company, engages in building material, new materials, and engineering technical services businesses.

IPH

Market Cap: AU$1.3b

Provides intellectual property (IP) services and products.

Jiangsu Xinquan Automotive TrimLtd

Market Cap: CN¥21.0b

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

Xiamen C&D

Market Cap: CN¥29.3b

Engages in the supply chain and real estate development businesses in China and internationally.

Hubei Xingfa Chemicals Group

Market Cap: CN¥23.2b

Develops, produces, and sells phosphorus-based chemicals in China and internationally.

China Resources Land

Market Cap: HK$179.7b

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

Proya CosmeticsLtd

Market Cap: CN¥36.2b

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

Luxi Chemical Group

Market Cap: CN¥20.0b

Manufactures and sells chemical and fertilizer products.

Tsingtao Brewery

Market Cap: HK$95.5b

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

Ningbo Deye Technology Group

Market Cap: CN¥53.7b

Engages in the production and sales of heat exchangers, inverters, and dehumidifiers in China, the United Kingdom, the United States, Germany, India, and internationally.

Longfor Group Holdings

Market Cap: HK$68.4b

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.

Ganyuan Foods

Market Cap: CN¥5.9b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.3b

Engages in the manufacture and sale of pharmaceutical raw materials, and food and feed additives under the Star Lake and Yue Bao brand names in China and internationally.

ShenZhen YUTO Packaging Technology

Market Cap: CN¥21.9b

ShenZhen YUTO Packaging Technology Co., Ltd.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥8.9b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Sinoma International EngineeringLtd

Market Cap: CN¥23.9b

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

Sunshine Insurance Group

Market Cap: HK$37.3b

Provides various insurance products and related services in the People’s Republic of China.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥7.9b

Provides chemical supply chain solutions in China and internationally.

Regional Management

Market Cap: €266.5m

A diversified consumer finance company, provides various installment loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other lenders in the United States.

Asahi Group Holdings

Market Cap: €2.9t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

ACM Research

Market Cap: €1.5b

Develops, manufactures, and sells capital equipment worldwide.

KBR

Market Cap: US$6.8b

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

MGM Resorts International

Market Cap: US$8.7b

Through its subsidiaries, operates as a gaming and entertainment company in the United States, China, and internationally.

Norsk Hydro

Market Cap: NOK 110.7b

Engages in the power production, bauxite extraction, alumina refining, aluminium smelting, and recycling activities worldwide.

Ultimate Products

Market Cap: UK£64.3m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells uncoated woodfree (UWF) printing and writing paper in Portugal, rest of Europe, the United States, Africa, Asia, and Oceania.

LKQ

Market Cap: US$10.5b

Engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories.

lastminute.com

Market Cap: CHF 170.9m

Operates in the online travel industry providing dynamic holiday packages in Italy, Spain, the United Kingdom, France, Germany, and internationally.

Alta Equipment Group

Market Cap: US$167.9m

Owns and operates integrated equipment dealership platforms in the United States and Canada.