Global Potentially Undervalued Companies

Carrefour

Market Cap: €12.6b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

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.

China Tower

Market Cap: HK$192.3b

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

Wus Printed Circuit (Kunshan)

Market Cap: CN¥50.7b

Engages in the research, development, design, manufacture, and sale of printed circuit boards in China.

COSCO SHIPPING Ports

Market Cap: HK$15.3b

An investment holding company, manages and operates ports and terminals in Mainland China, Hong Kong, Europe, and internationally.

Adairs

Market Cap: AU$374.6m

Operates as a specialty retailer of home furnishings, furniture, and decoration products in Australia and New Zealand.

Beijing New Building Materials

Market Cap: CN¥49.2b

Manufactures and sells building materials in China and internationally.

China Resources Power Holdings

Market Cap: HK$95.8b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Jiangshan Oupai Door Industry

Market Cap: CN¥2.5b

Engages in the research, development, manufacture, processing, sale, and service of wooden doors in China and internationally.

LX Semicon

Market Cap: ₩813.2b

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

China Resources Land

Market Cap: HK$191.1b

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

China Overseas Property Holdings

Market Cap: HK$17.2b

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

Security Bank

Market Cap: ₱51.7b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

KMD Brands

Market Cap: AU$238.4m

Designs, markets, wholesales, and retails apparel, footwear, and equipment for surfing and the outdoors under the Kathmandu, Rip Curl, and Oboz brands in New Zealand, Australia, North America, Europe, Southeast Asia, and Brazil.

China National Building Material

Market Cap: HK$30.5b

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

China Everbright Environment Group

Market Cap: HK$20.9b

An investment holding company, provides environmental solutions worldwide.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥7.7b

Provides chemical supply chain solutions in China and internationally.

Shenzhen YHLO Biotech

Market Cap: CN¥8.5b

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

Shanghai Yuyuan Tourist Mart (Group)

Market Cap: CN¥21.8b

Shanghai Yuyuan Tourist Mart (Group) Co., Ltd.

Sunshine Insurance Group

Market Cap: HK$38.6b

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

Anhui HeliLtd

Market Cap: CN¥13.9b

Engages in the manufacture and sale of industrial vehicles in the People’s Republic of China.

Apeloa PharmaceuticalLtd

Market Cap: CN¥15.5b

Provides raw materials and intermediates to various pharmaceutical factories in the People’s Republic of China and internationally.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Hubei Xingfa Chemicals Group

Market Cap: CN¥22.2b

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

Sinoma International EngineeringLtd

Market Cap: CN¥24.5b

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

Fujian Funeng

Market Cap: CN¥27.1b

Engages in the production and sale of electricity and heat in China.

Grand Pharmaceutical Group

Market Cap: HK$19.2b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Adaro Minerals Indonesia

Market Cap: Rp37.0t

Engages in metallurgical coal mining business in Indonesia.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥11.9b

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

Trajan Group Holdings

Market Cap: AU$120.4m

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.

Austevoll Seafood

Market Cap: NOK 19.3b

A seafood company, engages in the production of salmon and trout, white fish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

KWS SAAT SE KGaA

Market Cap: €1.8b

KWS SAAT SE & Co. KGaA breeds, produces, and distributes seeds for agriculture.

Cineplex

Market Cap: CA$565.8m

Operates as an entertainment and media company in Canada and internationally.

Bayerische Motoren Werke

Market Cap: €43.7b

Develops, manufactures, and sells automobiles and motorcycles, spare parts, and accessories worldwide.

Open Text

Market Cap: €6.7b

Engages in the provision of information management products and services.