Global Potentially Undervalued Companies

Spectrum Pharmaceuticals

Market Cap: €209.9m

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

BYD Electronic (International)

Market Cap: US$67.0b

An investment holding company, primarily engages in the design, manufacture, assembly, and sale of mobile handset components, modules, and other products in the People’s Republic of China and internationally.

Valeura Energy

Market Cap: €1.2b

Engages in the exploration, development, and production of petroleum and natural gas in Thailand and in Turkey.

Perrigo

Market Cap: €1.7b

Provides over-the-counter health and wellness solutions in the United States, Europe, and internationally.

Huhtamäki Oyj

Market Cap: €3.1b

Provides packaging solutions in the United States, Germany, the United Kingdom, India, Turkey, Australia, Thailand, Poland, South Africa, Spain, Finland, and internationally.

Merck KGaA

Market Cap: US$52.9b

Operates as a science and technology company in Germany and internationally.

Luckin Coffee

Market Cap: US$11.0b

Offers retail services of freshly brewed drinks, and pre-made food and beverage items in the People's Republic of China.

TF1

Market Cap: €1.5b

Operates as a media and entertainment company, primarily engages in television broadcasting, content creation, and distribution of audiovisual rights in France, Continental Europe, and internationally.

Alaris Equity Partners Income Trust

Market Cap: €1.0b

A private equity firm specializing in management buyouts, growth capital, lower & middle market, later stage, industry consolidation, growth capital, and mature investments.

Enel Américas

Market Cap: Col$8.0t

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

NetEase

Market Cap: US$569.6b

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

Acrow

Market Cap: AU$282.0m

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

China Mengniu Dairy

Market Cap: HK$58.3b

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

Centurion

Market Cap: S$1.2b

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

Adairs

Market Cap: AU$289.9m

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

Hansen Technologies

Market Cap: AU$1.0b

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

Ricegrowers

Market Cap: AU$866.8m

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

Monash IVF Group

Market Cap: AU$253.3m

Engages in the provision of assisted reproductive and specialist women imaging services in Australia and Malaysia.

China Resources Land

Market Cap: HK$213.6b

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

Bank CIMB Niaga

Market Cap: Rp44.4t

Provides various banking products and services in Indonesia and internationally.

Longfor Group Holdings

Market Cap: HK$65.0b

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.

Tasly Pharmaceutical Group

Market Cap: CN¥20.6b

Researches, develops, manufactures, and sells medicines and related pharmaceuticals in China and internationally.

Vieworks

Market Cap: ₩193.1b

Develops, manufactures, and sells imaging systems and solutions.

China Mobile

Market Cap: HK$1.7t

Provides telecommunications and information related services in Mainland China and Hong Kong.

National Medical Care

Market Cap: ر.س5.5b

National Medical Care Company establishes, owns, equips, manages, maintains, and operates healthcare facilities in the Kingdom of Saudi Arabia.

Aux Electric

Market Cap: HK$17.9b

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

China Railway Group

Market Cap: CN¥138.6b

Operates as a multi-functional integrated construction company in Mainland China and internationally.

Grand Pharmaceutical Group

Market Cap: HK$24.7b

An investment holding company, engages in the research and development, manufacture, and sale of pharmaceutical preparations and medical devices, biotechnology and healthcare products, and pharmaceutical raw materials.

Horizon Construction Development

Market Cap: HK$3.1b

Operates as an investment holding company that provides equipment operation services in the People's Republic of China.

JVM

Market Cap: ₩270.1b

Develops and sells automation systems and software of dispensing, packaging, and medication management for hospitals and pharmacies worldwide.

Security Bank

Market Cap: ₱52.4b

Provides banking and financial products and services to wholesale and retail clients in the Philippines.

Indegene

Market Cap: ₹113.2b

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

Vikram Solar

Market Cap: ₹60.3b

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

ISOTeam

Market Cap: S$64.5m

Operates in the building maintenance and estate upgrading industry in Singapore.

Jiangsu King's Luck Brewery Ltd

Market Cap: CN¥36.2b

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

Bear Electric ApplianceLtd

Market Cap: CN¥6.4b

Engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally.