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.

Preferred Bank

Market Cap: US$1.1b

Provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals.

Alta Equipment Group

Market Cap: US$175.1m

Owns and operates integrated equipment dealership platforms in the United States and Canada.

BWG

Market Cap: NOK 18.4b

An investment holding company, engages in ship owning and chartering activities worldwide.

Amneal Pharmaceuticals

Market Cap: €2.8b

A global biopharmaceutical company, develops, manufactures, markets, and distributes generics, injectables, biosimilars, and specialty branded pharmaceutical products worldwide.

TELUS International (Cda)

Market Cap: CA$749.8m

Offers digital customer experience and digital solutions in the Asia-Pacific, the Central America, Europe, Africa, North America, and internationally.

Hanmi Financial

Market Cap: US$661.6m

Operates as the holding company for Hanmi Bank that provides business banking products and services in the United States.

Ribbon Communications

Market Cap: US$704.7m

Provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Card Factory

Market Cap: UK£287.5m

Operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom and internationally.

Host Hotels & Resorts

Market Cap: US$10.6b

An S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels.

Intron Technology Holdings

Market Cap: €1.7b

An investment holding company, operates as an automotive electronics solutions provider in Hong Kong, the Mainland China, and internationally.

Oshkosh

Market Cap: US$6.3b

Provides purpose-built vehicles and equipment worldwide.

ACT Energy Technologies

Market Cap: CA$183.1m

Provides directional drilling services to oil and natural gas companies in Canada and the United States.

Woodside Energy Group

Market Cap: €43.5b

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

Morgan Advanced Materials

Market Cap: €577.7m

Operates as a materials science and application engineering company primarily the United Kingdom.

SFL

Market Cap: €1.1b

A maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters.

Royalty Pharma

Market Cap: €19.3b

Operates as a buyer of biopharmaceutical royalties and a funder of innovation in the biopharmaceutical industry in the United States.

Teva Pharmaceutical Industries

Market Cap: €18.6b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Whitecap Resources

Market Cap: US$5.5b

Engages in the acquisition, development, and production of petroleum and natural gas properties and assets in Western Canada.

Murphy Oil

Market Cap: US$3.9b

Operates as an oil and gas exploration and production company in the United States, Canada, and internationally.

Nexus Industrial REIT

Market Cap: CA$658.2m

A growth-oriented real estate investment trust focused on increasing unitholder value through the acquisition of industrial properties located in primary and secondary markets in Canada, and the ownership and management of its portfolio of properties.

Sangoma Technologies

Market Cap: US$223.1m

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

Ultimate Products

Market Cap: €62.7m

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

ProCredit Holding

Market Cap: €573.7m

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

Yuexiu Transport Infrastructure

Market Cap: €6.3b

Invests in, constructs, develops, operates, and manages toll expressways and bridges in the People’s Republic of China.

DFI Retail Group Holdings

Market Cap: US$3.0b

Operates as a retailer in Asia.

Carnival Corporation &

Market Cap: €27.4b

A cruise company, provides leisure travel services in North America, Australia, Europe, and internationally.

Orion Group Holdings

Market Cap: US$229.6m

Operates as a specialty construction company in the infrastructure, industrial, and building sectors in the United States, Alaska, Hawaii, Canada, and the Caribbean Basin.

Leggett & Platt

Market Cap: US$1.1b

Designs, manufactures, and sells engineered components and products in the United States, Europe, China, Canada, Mexico, and internationally.

NOV

Market Cap: US$5.8b

Designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors in the United States and internationally.

Fluor

Market Cap: US$6.3b

Provides engineering, procurement, and construction (EPC); fabrication and modularization; and project management services worldwide.

Keppel

Market Cap: €12.4b

An investment holding company, engages in the infrastructure, real estate, and connectivity business in Singapore, China, Hong Kong, other far East and ASEAN countries, and internationally.

Daimler Truck Holding

Market Cap: €29.9b

Manufactures and sells light, medium- and heavy-duty trucks and buses in Europe, North America, Asia, Latin America, and internationally.

Euroseas

Market Cap: US$220.0m

Provides ocean-going transportation services worldwide.