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.

Shenzhen YHLO Biotech

Market Cap: CN¥9.7b

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

Nissui

Market Cap: JP¥284.2b

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

Incitec Pivot

Market Cap: AU$5.1b

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

Jiangling Motors Corporation

Market Cap: CN¥15.4b

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

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.

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 Everbright Environment Group

Market Cap: HK$21.4b

An investment holding company, provides environmental solutions worldwide.

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.

Fujian Funeng

Market Cap: CN¥25.4b

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

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.

IPH

Market Cap: AU$1.2b

Provides intellectual property (IP) services and products.

Adaro Minerals Indonesia

Market Cap: Rp36.6t

Engages in metallurgical coal mining business in Indonesia.

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.

Dai Nippon Printing

Market Cap: JP¥1.0t

Primarily engages in the printing business.

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.

Metcash

Market Cap: AU$3.4b

Operates as a wholesale distribution and marketing company in Australia.

LX Semicon

Market Cap: ₩936.8b

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

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.

Sinoma International EngineeringLtd

Market Cap: CN¥26.4b

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

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.

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.

Bank CIMB Niaga

Market Cap: Rp41.0t

Provides various banking products and services in Indonesia and internationally.

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.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp240.7t

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

Lenovo Group

Market Cap: €148.1b

An investment holding company, develops, manufactures, and markets technology products and services.

Argan

Market Cap: €1.6b

Engages in designing, building, developing, owning, leasing, and managing logistical platforms in France.

Gecina

Market Cap: €6.4b

As a specialist for centrality and uses, Gecina operates innovative and sustainable living spaces.

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.

Comer Industries

Market Cap: €811.0m

Designs and produces engineering systems and mechatronic solutions for power transmission applications in Italy 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.

Ultimate Products

Market Cap: UK£65.7m

Supplies branded household products in the United Kingdom, Germany, Rest of Europe, and internationally.

Ag Growth International

Market Cap: CA$687.5m

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