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.

Monash IVF Group

Market Cap: AU$272.7m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

Beijing New Building Materials

Market Cap: CN¥43.5b

Manufactures and sells building materials in China and internationally.

China Overseas Property Holdings

Market Cap: HK$17.1b

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

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥12.8b

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.

Tsingtao Brewery

Market Cap: HK$85.4b

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

Acrow

Market Cap: AU$315.7m

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

Trajan Group Holdings

Market Cap: AU$135.6m

Develops, manufactures, and sells analytical and life science products and devices in Malaysia, Japan, Australia, New Zealand, the United States, Europe, the Middle East, Africa, and India.

China Mengniu Dairy

Market Cap: HK$58.1b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

LX Semicon

Market Cap: ₩850.6b

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

Middle East Healthcare

Market Cap: ر.س5.3b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Middle East and North Africa.

Sinoma International EngineeringLtd

Market Cap: CN¥23.5b

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

ANE (Cayman)

Market Cap: HK$9.6b

An investment holding company operates an express freight network in the less-than-truckload (LTL) market in China.

Carlsberg

Market Cap: US$108.6b

Produces and markets beer and other beverage products in Denmark, China, the United Kingdom, and internationally.

China Resources Land

Market Cap: HK$219.6b

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

China Railway Group

Market Cap: CN¥129.2b

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

BOE Varitronix

Market Cap: HK$4.5b

An investment holding company, designs, manufactures, and sells liquid crystal display and related products in the People’s Republic of China, Europe, the United States, Korea, Japan, and internationally.

Shandong Yisheng Livestock & Poultry Breeding

Market Cap: CN¥9.3b

Shandong Yisheng Livestock & Poultry Breeding Co., Ltd.

Indofood Sukses Makmur

Market Cap: Rp67.6t

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.6b

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

Ganyuan Foods

Market Cap: CN¥5.2b

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

Proya CosmeticsLtd

Market Cap: CN¥32.1b

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

Silgan Holdings

Market Cap: US$4.9b

Manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally.

Business First Bancshares

Market Cap: US$746.3m

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

Cheerwin Group

Market Cap: €3.3b

An investment holding company, manufactures and trades household insecticides and repellents, household cleaning, air care, personal care, pet stores and pet products, and other products in the People’s Republic of China.

Anheuser-Busch InBev

Market Cap: €100.3b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Perrigo

Market Cap: €3.2b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Origin Enterprises

Market Cap: €407.7m

Provides agronomy services company in Ireland, the United Kingdom, Brazil, Poland, Romania, Latin America, and internationally.

Regeneron Pharmaceuticals

Market Cap: €59.9b

Regeneron Pharmaceuticals, Inc. discovers, invents, develops, manufactures, and commercializes medicines for treating various diseases worldwide.

DEME Group

Market Cap: €3.2b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Mattel

Market Cap: US$5.8b

A toy and family entertainment company, designs, manufactures, and markets toys and consumer products in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific.

Capgemini

Market Cap: €20.7b

Provides consulting, digital transformation, technology, and engineering services primarily in North America, France, the United Kingdom, Ireland, the rest of Europe, the Asia-Pacific, and Latin America.

TotalEnergies

Market Cap: US$115.2b

A multi-energy company, produces and markets oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables, and electricity in France, rest of Europe, and internationally.

Colabor Group

Market Cap: CA$72.4m

Colabor Group Inc., together with its subsidiaries, markets, distributes, and wholesales food and food-related products in Canada.

Pearson

Market Cap: €6.8b

Provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally.