Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Fosun International

Market Cap: HK$39.2b

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

China Pacific Insurance (Group)

Market Cap: CN¥312.6b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Adairs

Market Cap: AU$323.6m

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

Shanghai Zhonggu Logistics

Market Cap: CN¥21.5b

Provides container shipping services in China.

Sinoma International EngineeringLtd

Market Cap: CN¥24.9b

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

Jiang Zhong PharmaceuticalLtd

Market Cap: CN¥13.6b

Engages in the manufacture of pharmaceutical products in China.

Huaqin Technology

Market Cap: CN¥87.5b

Engages in the development, manufacturing, and operation service of software, hardware, systems for tech companies worldwide.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥8.7b

Provides chemical supply chain solutions worldwide.

IPH

Market Cap: AU$917.8m

Provides intellectual property (IP) services and products.

Star Lake BioscienceZhaoqing Guangdong

Market Cap: CN¥11.2b

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.

NetEase Cloud Music

Market Cap: HK$42.4b

An investment holding company, engages in the operation of online platforms to provide music and social entertainment services in the People’s Republic of China.

Anhui Honglu Steel Construction(Group)

Market Cap: CN¥11.8b

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

Jinneng Holding Shanxi Coal Industryltd

Market Cap: CN¥23.1b

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

EOG Resources

Market Cap: €58.0b

Explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas in producing basins in the United States, the Republic of Trinidad and Tobago, and internationally.

Austevoll Seafood

Market Cap: NOK 17.4b

A seafood company, produces and sells salmon and trout, whitefish, and pelagic in Norway, the European Union, the United Kingdom, Eastern Europe, Africa, North America, Asia, and South America.

Bonheur

Market Cap: NOK 9.3b

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

Global Dominion Access

Market Cap: €486.6m

Provides integral services for business process efficiency and sustainability worldwide.

PayPal Holdings

Market Cap: €56.7b

Operates a technology platform that enables digital payments for merchants and consumers worldwide.

Talgo

Market Cap: €341.1m

Engages in design, manufacture, and maintenance of railway and auxiliary machinery for the maintenance of railway systems rolling stock worldwide.

Stillfront Group

Market Cap: SEK 3.2b

Designs, develops, markets, publishes, and sells digital games in Europe, North America, the Middle East and North Africa, and the Asia-Pacific.

Delta Air Lines

Market Cap: €38.0b

Provides scheduled air transportation for passengers and cargo in the United States and internationally.

Eiffage

Market Cap: €11.0b

Engages in the construction and concessions industries in France, rest of Europe, and internationally.

Ernst Russ

Market Cap: €227.7m

A publicly owned investment manager.

Robert Walters

Market Cap: UK£76.3m

Provides professional recruitment consultancy services worldwide.

GFT Technologies

Market Cap: €475.6m

Provides digital transformation services.

Havas

Market Cap: €1.4b

Provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.

Aalberts

Market Cap: €2.9b

Offers mission-critical technologies for building, industry, and semicon markets in Europe, the United States, the Asia Pacific, the Middle East, and Africa.

China Mengniu Dairy

Market Cap: €56.6b

An investment holding company, manufactures and distributes dairy products under the MENGNIU brand in the People’s Republic of China and internationally.

PORR

Market Cap: €1.1b

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

Gesco

Market Cap: €142.9m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

Gamma Communications

Market Cap: UK£847.0m

Provides technology-based communications and software services to small, medium, and large-sized organizations in the United Kingdom, rest of Europe, and internationally.

Victrex

Market Cap: UK£521.9m

Through its subsidiaries, engages in the manufacture and sale of polymer solutions worldwide.

Fortune Brands Innovations

Market Cap: US$5.7b

Engages in the provision of home and security products for residential home repair, remodeling, new construction, and security applications in the United States and internationally.

Sulzer

Market Cap: CHF 4.4b

Develops and sells products and services for fluid engineering and chemical processing applications worldwide.

DENTSPLY SIRONA

Market Cap: €2.1b

Develops, manufactures, and markets dental equipment supported by cloud-enabled solutions, dental products, and healthcare consumable products in urology and enterology worldwide.