Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Xtep International Holdings

Market Cap: HK$12.2b

Designs, develops, manufactures, markets, and sells sports footwear, apparel, and accessories for adults and children in Mainland China.

Guangdong Haid Group

Market Cap: CN¥82.5b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Qoria

Market Cap: AU$382.1m

Qoria Limited markets, distributes, and sells cyber safety products and services in Australia, New Zealand, the United Kingdom, the United States, Europe, and internationally.

Samsonite Group

Market Cap: HK$20.2b

Engages in the design, manufacture, sourcing, and distribution of luggage, business and computer bags, outdoor and casual bags, and travel accessories in Asia, North America, Europe, and Latin America.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥15.2b

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

Industrial Bank

Market Cap: CN¥398.3b

Provides banking products and services in the People’s Republic of China.

Fosun International

Market Cap: HK$33.8b

Operates in the health, happiness, wealth, and intelligent manufacturing sectors in Mainland China, Portugal, and internationally.

Aeris Resources

Market Cap: AU$472.9m

Explores, produces, and sells precious metals in Australia.

GWA Group

Market Cap: AU$542.9m

Research, designs, manufactures, imports, and markets building fixtures and fittings to residential and commercial premises in Australia, New Zealand, the United Kingdom, and internationally.

China Hongqiao Group

Market Cap: HK$344.9b

An investment holding company, manufactures and sells aluminum products.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.1b

Provides chemical supply chain solutions worldwide.

Beijing Enterprises Holdings

Market Cap: HK$37.6b

Through its subsidiaries, engages in the gas, water, environmental, brewery, and other businesses in Mainland China, Germany, and internationally.

Aurelia Metals

Market Cap: AU$423.4m

Engages in the exploration and production of mineral properties in Australia.

China Overseas Property Holdings

Market Cap: HK$13.0b

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

Trajan Group Holdings

Market Cap: AU$61.0m

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 Railway Group

Market Cap: CN¥126.1b

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

Beijing Enterprises Holdings

Market Cap: HK$37.6b

Through its subsidiaries, engages in the gas, water, environmental, brewery, and other businesses in Mainland China, Germany, and internationally.

Sinoma International EngineeringLtd

Market Cap: CN¥27.1b

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

Adairs

Market Cap: AU$231.4m

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

GPT Group

Market Cap: AU$8.7b

GPT is one of Australia’s leading property groups, with assets under management of $34.1 billion across a portfolio of high quality retail, office and logistics assets.

Ingenia Communities Group

Market Cap: AU$1.6b

Ingenia Communities Group (ASX: INA) is a leading operator, owner and developer of communities offering quality affordable rental and holiday accommodation focussed on the growing seniors’ market in Australia.

Valmet Oyj

Market Cap: €4.5b

Develops and supplies process technologies, automation, and services for the pulp, paper, and energy industries in North America, Latin America, EMEA, China, and Asia-Pacific.

Howden Joinery Group

Market Cap: UK£4.3b

Supplies various kitchen, joinery, and hardware products in the United Kingdom, France, Belgium, and the Republic of Ireland.

Bosideng International Holdings

Market Cap: €46.5b

Engages in the apparel business in the People’s Republic of China.

FirstRand

Market Cap: €479.4b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

Slide Insurance Holdings

Market Cap: US$2.2b

Offers property and casualty insurance services in the United States.

Bonheur

Market Cap: NOK 10.2b

Engages in the renewable energy, wind service, and cruise businesses in the United Kingdom, Norway, Europe, Asia, the Americas, Africa, and Internationally.

Brunswick

Market Cap: US$4.5b

Designs, manufactures, and markets recreation products in the United States, Europe, the Asia-Pacific, Canada, and internationally.

Lithia Motors

Market Cap: €5.7b

Operates as an automotive retailer in the United States, the United Kingdom, and Canada.

INDUS Holding

Market Cap: €659.7m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

TravelSky Technology

Market Cap: US$28.3b

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

Angel Oak Mortgage REIT

Market Cap: US$203.6m

A real estate finance company, focuses on acquiring and investing in first lien nonqualified mortgage loans and other mortgage-related assets in the United States mortgage market.

Andean Precious Metals

Market Cap: €945.5m

Engages in the acquisition, exploration, development, and processing of mineral resource properties in the United States.

Corebridge Financial

Market Cap: €10.9b

Provides retirement solutions and insurance products in the United States.

Embla Medical hf

Market Cap: DKK 11.3b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.