Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Sangoma Technologies

Market Cap: US$244.6m

Develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications in the United States of America and internationally.

BYD Electronic (International)

Market Cap: US$71.2b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Skymark Airlines

Market Cap: €22.6b

Provides scheduled air transportation services.

GL Events

Market Cap: €796.4m

Provides integrated solutions and services for events in France and internationally.

FDJ United

Market Cap: €4.5b

Engages in the gaming operation and distribution business in France and internationally.

Bethel Automotive Safety Systems

Market Cap: CN¥27.1b

Develops, manufactures, and sells automotive safety systems and advanced driver assistance systems in China.

Arcadis

Market Cap: €3.1b

Offers design, engineering, architecture, and consultancy solutions for natural and built assets in The Americas, Europe, the Middle East, and the Asia Pacific.

Serabi Gold

Market Cap: CA$189.3m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Sinoma International EngineeringLtd

Market Cap: CN¥24.0b

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

KWS SAAT SE KGaA

Market Cap: €2.2b

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

Adairs

Market Cap: AU$319.2m

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

Hu Lane Associate

Market Cap: NT$14.8b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

GFT Technologies

Market Cap: €458.3m

Provides digital transformation services.

Huaibei Mining HoldingsLtd

Market Cap: CN¥34.0b

Primarily engages in coal mining, washing, processing, sales, and production of coal chemical products in China.

Cheniere Energy

Market Cap: €44.2b

An energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States.

DNO

Market Cap: NOK 14.3b

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa.

Grafton Group

Market Cap: €1.7b

Distributes and sells building materials and construction related products in Ireland, the United Kingdom, the Netherlands, Finland, and Spain.

OFG Bancorp

Market Cap: €1.7b

A financial holding company, provides a range of banking and financial services in the United States.

Austal

Market Cap: US$2.7b

Engages in the design, manufacture, and support of vessels for commercial and defense customers in the United States, Australia, Europe, Asia, and South America.

Apeloa PharmaceuticalLtd

Market Cap: CN¥18.2b

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

Foxsemicon Integrated Technology

Market Cap: NT$30.5b

Engages in the research, development, design, manufacturing, and sale of semiconductor equipment subsystems and system integration in Taiwan, the United States, China, and internationally.

MarineMax

Market Cap: US$508.9m

Operates as a recreational boat and yacht retailer and superyacht services company in the United States.

OceanaGold

Market Cap: €7.3b

A gold and copper producer, engages in exploration, development, and operation of mineral properties in the United States, the Philippines, and New Zealand.

NETGEAR

Market Cap: US$709.8m

Provides connectivity solutions the Americas; Europe, the Middle East, Africa; and the Asia Pacific.

MCNEX

Market Cap: ₩414.8b

Manufactures and sells camera modules in South Korea and internationally.

Hikma Pharmaceuticals

Market Cap: €3.5b

Develops, manufactures, markets, and sells a range of generic, branded, and in-licensed pharmaceutical products.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.3b

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.

Cheerwin Group

Market Cap: €2.9b

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.

JVM

Market Cap: ₩284.5b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥23.7b

Engages in the production and sales of coal and related chemical products in China.

Cardlytics

Market Cap: US$61.6m

Operates an advertising platform in the United States and the United Kingdom.

Vieworks

Market Cap: ₩170.9b

Develops, manufactures, and sells imaging systems and solutions.

Acrow

Market Cap: AU$329.3m

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

Taylor Morrison Home

Market Cap: €5.9b

Operates as a land developer and homebuilder in the United States.

Tonghua Dongbao Pharmaceutical

Market Cap: CN¥16.6b

Researches and develops, manufactures, and sells pharmaceutical for the treatment of diabetes, endocrine, and cardiovascular and cerebrovascular diseases products in China.