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.

GPS Participações e Empreendimentos

Market Cap: R$11.1b

Together its subsidiaries, engages in the provision of facilities, security, logistics, utility engineering, industrial service, catering, and infrastructure services in Brazil.

Bank Mandiri (Persero)

Market Cap: €442.4t

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

Hafnia

Market Cap: US$25.3b

Owns and operates oil product tankers in Bermuda.

Alaris Equity Partners Income Trust

Market Cap: €873.6m

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

TravelSky Technology

Market Cap: US$31.2b

Provides information technology (IT) solutions for the aviation and travel industries in the People’s Republic of China.

Tsingtao Brewery

Market Cap: €86.9b

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

Huhtamäki Oyj

Market Cap: €3.3b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

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.

Amneal Pharmaceuticals

Market Cap: €2.6b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

ACM Research

Market Cap: €1.8b

Develops, manufactures, and sells capital equipment worldwide.

Pearson

Market Cap: €7.0b

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

PORR

Market Cap: €1.0b

Operates as a construction company in Austria, Germany, Poland, the Czech Republic, Italy, Romania, Switzerland, Serbia, Great Britain, Slovakia, Norway, Belgium, and internationally.

ANTA Sports Products

Market Cap: €259.0b

Engages in the research, design, development, manufacture, market, and sale of professional sports footwear, apparel, and accessories in China and internationally.

Thungela Resources

Market Cap: €11.5b

Engages in the mining and production of thermal coal in South Africa and Australia.

Robert Walters

Market Cap: €115.1m

Provides professional recruitment consultancy services worldwide.

Tongcheng Travel Holdings

Market Cap: €46.8b

An investment holding company, provides travel related services in the People’s Republic of China.

Origin Enterprises

Market Cap: €398.6m

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

Chorus Aviation

Market Cap: CA$615.5m

Through its subsidiaries, provides aviation services.

MINISO Group Holding

Market Cap: €5.5b

An investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, rest of Asia, the Americas, Europe, Indonesia, and internationally.

Capgemini

Market Cap: €24.7b

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.

Chorus Aviation

Market Cap: US$615.5m

Through its subsidiaries, provides aviation services.

Sanofi

Market Cap: €101.5b

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

Quest Resource Holding

Market Cap: €45.9m

Provides solutions for the reuse, recycling, and disposal of various waste streams and recyclables in the United States.

DOF Group

Market Cap: €22.3b

Owns and operates a fleet of offshore and subsea vessels.

CEWE Stiftung KGaA

Market Cap: €681.0m

Operates as a photo service and online printing provider in Germany and internationally.

Copa Holdings

Market Cap: €4.6b

Through its subsidiaries, provides airline passenger and cargo transport services.

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.

Bidvest Group

Market Cap: €81.1b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Colabor Group

Market Cap: CA$90.8m

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

PLDT

Market Cap: US$267.9b

Provides telecommunications and digital services in the Philippines.

Reynolds Consumer Products

Market Cap: €4.6b

Produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally.

GFT Technologies

Market Cap: €605.6m

Provides digital transformation services.

Enhabit

Market Cap: €387.4m

Provides home health and hospice services in the United States.

SergeFerrari Group

Market Cap: €63.5m

Designs, develops, manufactures, and markets composite materials for lightweight architectural and outdoor applications in France and internationally.