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.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.6b

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

Trajan Group Holdings

Market Cap: AU$140.2m

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.

Beijing New Building Materials

Market Cap: CN¥45.1b

Manufactures and sells building materials in China and internationally.

Horizon Construction Development

Market Cap: HK$4.3b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

Indofood Sukses Makmur

Market Cap: Rp65.4t

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

Sasseur Real Estate Investment Trust

Market Cap: S$882.1m

Invests in a portfolio of real estate and related assets.

China Overseas Property Holdings

Market Cap: HK$17.5b

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

CapitaLand Malaysia Trust

Market Cap: RM 2.1b

CapitaLand Malaysia Trust (CLMT) is a real estate investment trust (REIT) and was listed on the Main Market of Bursa Malaysia Securities Berhad on 16 July 2010.

F&F

Market Cap: ₩2.5t

Manufactures and sells sewn wearing apparels in South Korea.

Proya CosmeticsLtd

Market Cap: CN¥33.0b

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

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥8.6b

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

Aeon (M) Bhd

Market Cap: RM 1.8b

Operates and manages a retail chain of departmental stores and supermarkets in Malaysia.

Binggrae

Market Cap: ₩624.2b

Engages in production and sale of dairy products in South Korea and internationally.

Proya CosmeticsLtd

Market Cap: CN¥33.0b

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

Innocean Worldwide

Market Cap: ₩734.4b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

Hangzhou Binjiang Real Estate GroupLtd

Market Cap: CN¥32.9b

Provides real estate development services in China.

Cheil Worldwide

Market Cap: ₩2.0t

Provides various marketing solutions worldwide.

LX Semicon

Market Cap: ₩875.0b

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

Regeneron Pharmaceuticals

Market Cap: €60.2b

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

DIO

Market Cap: ₩221.9b

Manufactures and sells dental implants in South Korea and internationally.

Hyosung TNC

Market Cap: ₩945.1b

Manufactures and sells fiber in South Korea 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.

MGM Resorts International

Market Cap: US$10.8b

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

Teva Pharmaceutical Industries

Market Cap: €21.1b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Capgemini

Market Cap: €20.6b

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.

Prosegur Cash

Market Cap: €1.0b

Provides integrated cash cycle management solutions and automating payments in retail establishments and ATM management for financial institutions, retail establishments, business, government agencies, central banks, mints, and jewellery stores in Europe, LATAM, and internationally.

Semapa - Sociedade de Investimento e Gestão SGPS

Market Cap: €1.4b

Through its subsidiaries, produces and sells pulp, printing and writing papers, and tissues in Portugal, the rest of Europe, the United States, Africa, Asia, and Oceania.

Gecina

Market Cap: €6.2b

A leading operator, that fully integrates all real estate expertise, owning, managing, and developing a unique prime portfolio valued at 17.0bn Euro as at June 30, 2025.

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.

DOF Group

Market Cap: €24.1b

Owns and operates a fleet of offshore and subsea vessels.

q.beyond

Market Cap: €114.6m

Engages in the cloud, applications, artificial intelligence (AI), and security business in Germany and internationally.

LKQ

Market Cap: US$8.4b

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.

Beazley

Market Cap: €4.7b

Provides risk insurance and reinsurance solutions in the United States, the United Kingdom, rest of Europe, and internationally.

Highwood Asset Management

Market Cap: CA$78.3m

Together with its subsidiary, operates as an oil and gas exploration and production company in Canada.