Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

Delta Air Lines

Market Cap: €38.5b

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

Sangoma Technologies

Market Cap: US$206.6m

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

NetEase

Market Cap: US$584.2b

Engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally.

Enel Américas

Market Cap: Col$7.9t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Milkyway Chemical Supply Chain ServiceLtd

Market Cap: CN¥9.9b

Provides chemical supply chain solutions worldwide.

Centurion

Market Cap: S$1.2b

Owns, develops, and manages workers and student accommodation assets in Singapore, Malaysia, Australia, the United Kingdom, and internationally.

Innocean Worldwide

Market Cap: ₩782.0b

Provides marketing and communications services in the Americas, Europe, Asia, Oceania, the Middle East, and internationally.

GWA Group

Market Cap: AU$561.0m

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

Jinzai Food GroupLtd

Market Cap: CN¥4.6b

Engages in the research, development, production, and sale of snack foods in China and internationally.

Indofood Sukses Makmur

Market Cap: Rp53.1t

Operates as a food solutions company in Indonesia, the Middle East, Africa, the rest of Asia, and internationally.

Zhejiang Jiuzhou Pharmaceutical

Market Cap: CN¥14.9b

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

Hoa Phat Group

Market Cap: ₫205.7t

Produces and sells steel products in Vietnam.

Aurelia Metals

Market Cap: AU$490.8m

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

Oceania Healthcare

Market Cap: AU$543.2m

Owns and operates retirement villages and care centres in New Zealand.

China Resources Land

Market Cap: HK$216.1b

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

Indegene

Market Cap: ₹106.4b

Operates as a digital-first life sciences commercialization company in India, the United States, Europe, and internationally.

Vikram Solar

Market Cap: ₹67.0b

Manufactures and sells solar photovoltaic modules/systems in India and internationally.

Longfor Group Holdings

Market Cap: HK$65.6b

An investment holding company, engages in the property development, commercial investment, asset management, property management, and smart construction businesses in the People’s Republic of China.

Acrow

Market Cap: AU$275.7m

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

Ricegrowers

Market Cap: AU$851.1m

Operates as a rice food company in Australia, New Zealand, the Pacific Islands, Europe, the Middle East, Africa, Asia, and North America.

Aux Electric

Market Cap: HK$16.2b

Engages in the manufacturing, sales, and marketing of air conditioners.

Challenger

Market Cap: AU$5.1b

A publicly owned investment manager.

Emaar Properties PJSC

Market Cap: د.إ102.1b

Engages in the property investment, development, and development management business in the United Arab Emirates and internationally.

Miura

Market Cap: JP¥354.2b

Produces and sells boilers in Japan and internationally.

Rohto PharmaceuticalLtd

Market Cap: JP¥526.7b

Manufactures and markets pharmaceutical products, cosmetics, and functional foods worldwide.

IndiQube Spaces

Market Cap: ₹33.2b

Provides workplace solutions and value-added services in India.

REC

Market Cap: ₹904.5b

Engages in the provision of financing services for power generation, transmission, and distribution projects in India.

LHN

Market Cap: S$247.9m

An investment holding company, engages in space optimization, property development, facilities management services, and energy businesses in Singapore, Hong Kong, Myanmar, Indonesia, and Cambodia.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp299.2t

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

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥36.5b

Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd.

Tianjin Ringpu Bio-TechnologyLtd

Market Cap: CN¥8.9b

Engages in the research and development, production, and sale of veterinary raw materials, drug preparation, functional additives, and veterinary biological products.

Hansen Technologies

Market Cap: AU$1.0b

Engages in the development, integration, and support of billing and customer information systems.

Metcash

Market Cap: AU$3.3b

Operates as a wholesale distribution and marketing company in Australia.

Shenzhen YHLO Biotech

Market Cap: CN¥8.2b

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

F&F

Market Cap: ₩2.5t

Manufactures and sells apparel and accessories in South Korea.