Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Carrefour

Market Cap: €12.6b

Engages in the operation of stores that offer food and non-food products in various formats and channels in France, Spain, Italy, Belgium, Poland, Romania, Brazil, and Argentina, as well as in the Middle East, Africa, and Asia.

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.

Adairs

Market Cap: AU$386.9m

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

Future

Market Cap: JP¥162.4b

Provides IT consulting and services primarily in Japan.

Jiangshan Oupai Door Industry

Market Cap: CN¥3.1b

Engages in the research, development, manufacture, processing, sale, and service of wooden doors in China and internationally.

Tokyo Century

Market Cap: JP¥756.7b

Provides equipment leasing, mobility and fleet management, specialty financing, and international businesses in Japan, the United States, Ireland, The United Kingdom, Germany, Singapore, Malaysia, Thailand, China, the Philippines, Panama, Mexico, Brazil, and internationally.

LX Semicon

Market Cap: ₩936.8b

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

Metcash

Market Cap: AU$3.4b

Operates as a wholesale distribution and marketing company in Australia.

Dai Nippon Printing

Market Cap: JP¥1.0t

Primarily engages in the printing business.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Fujian Funeng

Market Cap: CN¥25.4b

Engages in the production and sale of electricity and heat in China.

Nissui

Market Cap: JP¥284.2b

Engages in marine, food products, fine chemicals, distribution, and marine-related/engineering businesses in Japan and internationally.

Jiangling Motors Corporation

Market Cap: CN¥15.4b

Engages in the production and sale of automobiles and automobile parts in China and internationally.

Shenzhen YHLO Biotech

Market Cap: CN¥9.7b

Researches, develops, produces, sells, and services in vitro diagnostic instruments and reagents in China and internationally.

China Everbright Environment Group

Market Cap: HK$21.4b

An investment holding company, provides environmental solutions worldwide.

Apeloa PharmaceuticalLtd

Market Cap: CN¥17.7b

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

Adaro Minerals Indonesia

Market Cap: Rp36.6t

Engages in metallurgical coal mining business in Indonesia.

Sinoma International EngineeringLtd

Market Cap: CN¥26.4b

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

Incitec Pivot

Market Cap: AU$5.1b

Manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia and the United State.

China Resources Land

Market Cap: HK$191.1b

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

JNBY Design

Market Cap: HK$7.9b

Engages in the design, marketing, retail, and sale of fashion apparels, accessory products, and household goods in the People’s Republic of China and internationally.

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.7b

Engages in the research and development, production, and sale of Chinese patent medicines and health foods in Mainland China.

China Resources Power Holdings

Market Cap: HK$98.7b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

TECON BIOLOGYLTD

Market Cap: CN¥8.6b

Engages in the provision of animal health care, feed, pig breeding, agricultural product processing and trade, and financial services in China and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp240.7t

Provides information and communications technology, and telecommunications network services worldwide.

Solid World Group

Market Cap: €28.4m

Provides a range of software products, scanners, and 3D printers that assists the design, prototyping, and production of industrial products in Italy.

Bank CIMB Niaga

Market Cap: Rp41.0t

Provides various banking products and services in Indonesia and internationally.

Casta Diva Group

Market Cap: €22.8m

Operates as a communication company in Italy and internationally.

Fomento de Construcciones y Contratas

Market Cap: €4.9b

Engages in the environmental services, water management, infrastructure development, and real estate businesses in Europe and internationally.

Woodside Energy Group

Market Cap: US$43.4b

Engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in the Asia Pacific, Africa, the Americas, and the Europe.

Ag Growth International

Market Cap: CA$687.5m

Manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally.

q.beyond

Market Cap: €96.9m

Engages in the cloud, SAP, Microsoft, data intelligence, security, and software development business in Germany and internationally.

ProCredit Holding

Market Cap: €594.9m

Provides commercial banking services for small and medium enterprises and private customers in Europe, South America, and Germany.

First Citizens BancShares

Market Cap: US$24.7b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

East West Bancorp

Market Cap: US$12.2b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.